News

Indian markets gained for the third straight session on Monday, with benchmark Sensex surging nearly 127 points to one week closing high of 27,585.27 on late buying in blue-chips ahead of retail inflation and IIP data . The NSE Nifty index reclaimed the 8,300-mark by rising 38.50 points, or 0.46 per cent, to end at Read More

Among the sectoral indices, BSE metal index was the top sectoral loser down, 1.5%  The 30-share benchmark Sensex was trading 90 points lower, led by losses in shares of metal, oil and gas and auto companies. Investors were cautious ahead of the Index of Industrial Production (IIP) and Consumer Price Index (CPI) data due later Read More

Indian stock-index futures dropped before the government releases monthly data on inflation and industrial output today. SGX CNX Nifty Index (NIFTY) futures for January delivery fell 0.2 percent to 8,295.5 at 10:28 a.m. in Singapore. The underlying CNX Nifty Index on the National Stock Exchange of India Ltd. rose 0.6 percent to 8,284.50 on Jan. Read More

India’s benchmark indexes Sensex and Nifty hit three-week lows on Wednesday amid sell-off by foreign funds. Foreign portfolio investors sold index futures worth Rs 2,817 crore and cash shares worth Rs 1,571 crore on Tuesday in the wake of persistent weakness in oil prices and uncertainty over the Greek political situation, provisional data showed. The Read More

MUMBAI (Reuters) – The BSE Sensex and Nifty fell to their lowest in nearly three weeks on Wednesday as stocks favoured by overseas investors such as ICICI Bank declined, following heavy foreign sales in derivatives and cash shares in the previous session. Foreign investors sold index futures worth 28.17 billion rupees ($ 443.13 mln) and Read More

Indian stocks tumbled on Tuesday tracking sharp losses across global markets. The Sensex slumped over 600 points, while the 50-share Nifty breached the 8,200 mark, dropping nearly 180 points. Anil Manghnani of Modern Shares & Stock Brokers told NDTV that if the Nifty slips below 8,146 he will go short. The Nifty can Read More

The benchmark Bombay Stock Exchange (BSE) index Sensex reclaimed the 28,000-level for the first time since December 9 and the National Stock Exchange (NSE) Nifty rose by 22 points to trade above 8,400-mark in opening trade on Monday on sustained foreign fund inflows. Marketmen said apart from sustained capital inflows, encouraging manufacturing output data for Read More

Nifty’s PE multiple is still attractive, corporate profits are looking up, and the country’s economy is relatively stable After the Nifty’s 31 per cent gain in 2014, the Indian stock market is among the most expensive in the world, going by the price-earnings (PE) multiple of the index. The Nifty’s PE multiple, at 15.8 times Read More

With a reversal in the benchmarks, the market appears set to surge to new highs It has been a buoyant start to the New Year. The bulls, back from their year-end break, seemed determined to continue the party in stock market. Both the Sensex and the Nifty ended the week with more than 2 per Read More

MUMBAI (Reuters) – India’s banking stocks surged, with the Bank Nifty hitting a record high on hopes of faster reforms in the sector ahead of a two-day industry meet that starts on Friday. The one-of-a-kind retreat, spearheaded by Prime Minister Narendra Modi along with Reserve Bank of India (RBI) Governor Raghuram Rajan and Finance Minister Read More

Banking stocks surged, with the Bank Nifty Index hitting a record high on hopes of faster reforms in the sector ahead of a two-day industry meet that starts on Friday. The one-of-a-kind retreat, spearheaded by Prime Minister Narendra Modi along with central bank Governor Raghuram Rajan and Finance Minister Arun Jaitley, will include all top Read More

MUMBAI (Reuters) – The BSE Sensex and Nifty rose more than 1 percent on Friday, heading towards their sixth straight session of gains, helped by banking stocks ahead of an industry meet while a survey showing manufacturing activity expanded at its fastest pace in two years in December also boosted sentiment. Banking stocks advanced on Read More