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
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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 stock-index futures fell after the benchmark gauge plunged the most in 16 months amid a slump in oil prices. SGX CNX Nifty Index futures for January delivery lost 0.4 percent to 8,110 at 9:48 a.m. in Singapore. The underlying CNX Nifty Index (NIFTY) on the National Stock Exchange of India Ltd. sank 3 percent Read More
NSE has not received complaints regarding any erroneous order, says spokesperson An over-400 point loss in the near-month Nifty index futures on Tuesday led to market rumours of a fat finger trade (an erroneous trade order) in the segment. The January futures index, which opened at 8,422, fell to 8,000 points soon after market opening, 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
Indian stock-index futures dropped after the benchmark gauge capped its longest rising streak in four months. SGX CNX Nifty Index (NIFTY) futures for January delivery fell 0.3 percent to 8,443.5 as of 10 a.m. in Singapore. The underlying CNX Nifty Index surged 1.4 percent to 8,395.45 on Jan. 2. The S&P BSE Sensex (SENSEX) rallied 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
Indian stock markets closed the first week of 2015 on a positive note led by supportive domestic cues and gains in global markets. Major Headlines for the week: Annual Report 2014: Full marks to ModiFied India Investors wish to recreate Modi-Mania in 2015 Stock which gave 200% returns in 2014 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
Indian stock-index futures swung between gains and losses after benchmarks rose for a fifth day. SGX CNX Nifty Index (NIFTY) futures for January delivery fell less than 0.1 percent to 8,343 at 9:37 a.m. in Singapore. The underlying CNX Nifty Index added less than 0.1 percent to 8,284 yesterday. The S&P BSE Sensex (SENSEX) also Read More
Indian stock-index futures dropped, following a 2014 surge in shares that sent the benchmark index to its biggest annual advance since 2009. SGX CNX Nifty Index futures for January delivery fell 0.5 percent to 8,320 at 10:17 a.m. in Singapore. The underlying CNX Nifty Index (NIFTY) on the National Stock Exchange of India Ltd. rose Read More