RBI cuts key rate by 25 bps, changes neu...

RBI cuts key rate by 25 bps, changes neutral stanc...

The Reserve Bank of India (RBI) cutkey lending rates by another 25 basis points to 5.75 per cent on Thursday. In the second bi-monthly monetary policy of 2019-20 under Governor Shaktikanta Das, the six-member Monetary Policy Committee voted 4:2 in favour of the rate cut. The Monetary Policy Committe...

06 Jun 2019

India projected to grow at 7.5 per cent ...

India projected to grow at 7.5 per cent for three ...

India's economy is projected to grow at 7.5 per cent in the next three years, supported by robust investment and private consumption, the World Bank has forecast, in some good news to the new Indian government. The bank in its Global Economic Prospects relea-sed on Tuesday said India is estimated to...

06 Jun 2019

BPCL, HPCL take 25 pc stake each in IOC'...

BPCL, HPCL take 25 pc stake each in IOC's Rs 9,000...

Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) have joined in the country's longest LPG pipeline project being laid by state-owned Indian OilCorporation(IOC) to cater to cooking fuel needs of a fourth of the country's population. BPCL and HPCL will take 25 per cent stake ea...

04 Jun 2019
Sensex jumps over 100 points; Nifty near...

Sensex jumps over 100 points; Nifty nears 11,900

The benchmark BSE Sensex jumped over 100 points in early trade on Monday driven by gains in banking stocks amid unabated foreign fund inflow. The 30-share index was trading 128.27 points, or 0.33 per cent, higher at 39,562.99. Similarly, the broader NSE Nifty spurted 28.75 points, or 0.24 per cent, ...

27 May 2019

Indices come down from record highs; Sen...

Indices come down from record highs; Sensex slumps...

Benchmark indices took U-turn from record high levels touched during early trade on Tuesday, with the BSE Sensex tripping nearly 383 points and the NSE Nifty shedding over 119 points as investors hurried up to book profits. An intense selling was seen, barring initial hours, across sectors after mar...

21 May 2019

Sensex vaults 1,422 points as exit polls...

Sensex vaults 1,422 points as exit polls forecast ...

Benchmark Sensex zoomed over 1,422 points and the NSE Nifty surged 421 points on Monday after most exit polls showed that the Narendra Modi-led NDA is returning to power with a thumping majority in the Lok Sabha elections. The 30-share index ended 1,421.90 points, or 3.75 per cent, higher at 39,352....

20 May 2019
Sensex jumps over 800 points as exit pol...

Sensex jumps over 800 points as exit polls suggest...

The exit poll results, which have showed a winning of BJP-led NDA in the 17thLok Sabha elections, are expected to have positive impact on the Stock market. Exit poll trends will set the tone for the equity markets in the initial part of the week, while the final outcome of the general elections on M...

20 May 2019

Sensex soars 537 points; Nifty reclaims ...

Sensex soars 537 points; Nifty reclaims 11,400-mar...

The BSE Sensex soared 537 points and the NSE Nifty reclaimed the 11,400 level on Friday in a broad-based rally led by banking and auto stocks ahead of exit poll results, despite global headwinds. The 30-share BSE benchmark closed 537.29 points, or 1.44 per cent, higher at 37,930.77. It hit an intra-...

17 May 2019

L&T net profit rises 7% to Rs 3,418 cror...

L&T net profit rises 7% to Rs 3,418 crore in Q4 on...

Larsen & Toubro, India's largest construction and engineering company, reported net profit growthof 7 percent year-on-year to Rs 3,418 crore in the fourth quarter ended March 31 driven by strong revenue growth and operational performance. The net profit in the corresponding quarter of the previo...

10 May 2019
Sensex, Nifty turn choppy; HCL Tech rall...

Sensex, Nifty turn choppy; HCL Tech rallies 4 pc

Domestic equity benchmarks BSE Sensex and NSE Nifty were trading on a choppy note early Friday amid uncertainty over US-China trade deal and continued foreign fund outflow. After opening over 150 points higher, the 30-share index turned cautious and fell 17.32 points, or 0.15 per cent, to 37,541.59....

10 May 2019

RBI likely to cut rates again in June; n...

RBI likely to cut rates again in June; none therea...

The Reserve Bank of India (RBI) is likely to cut interest rates one more time in June before rising inflation pressures and elevated fiscal deficits leave little room for further accommodation in rest of the year, IHS Markit said on Wednesday. RBI had cut interest rate by 25 basis points each in Feb...

08 May 2019