NDTV Profit Team | Last Updated: April 29, 2016 08:22 (IST)
Nifty showcased a good rally from level of 7,000 to 8,000 and idea of 'sell in May and go away' will hold true, says Sanjiv Bhasin, executive vice president - markets & corporate affairs with IIFL. Mr Bhasin adds that Nifty can fall by 300-400 points in the month of May but 7,500-7,600 will act as a strong support for the Nifty.
Thomson Reuters | Last Updated: April 29, 2016 07:37 (IST)
The benchmark S&P 500 had its worst day in three weeks, losing 19.34 points, or 0.92 percent, to 2,075.81, the Dow Jones industrial average fell 210.79 points, or 1.17 percent, to 17,830.76 and the Nasdaq Composite dropped 57.85 points, or 1.19 percent, to 4,805.29.
Thomson Reuters | Last Updated: April 29, 2016 07:27 (IST)
Against a basket of currencies, the greenback was down at 93.718, while the euro edged up to $1.1357 having amassed a 1 percent gain for the week so far.
Press Trust of India | Last Updated: April 28, 2016 21:28 (IST)
State-run lenders Indian Overseas Bank (IOB) and UCO Bank will be excluded from the NSE's Nifty Midcap 50 index from May 27.
Press Trust of India | Last Updated: April 28, 2016 20:40 (IST)
Jubilant Consumer on Thursday offloaded 3.6 per cent stake in Jubilant FoodWorks, which operates Domino's Pizza and Dunkin Donuts chains, for over Rs 303 crore through an open market transaction.
Press Trust of India | Last Updated: April 28, 2016 20:02 (IST)
State-owned hydropower producer NHPC Ltd's Rs 2,700 crore share sale on Thursday managed to scrape through as oversubscription by institutional bidders made good for over 40 per cent of retail portion which remained unbid for.
Thomson Reuters | Last Updated: April 28, 2016 15:12 (IST)
Shares of HCL Technologies Ltd lost 3 percent after the company reported March quarter earnings that were below analysts' estimates.
Varun Sinha | Last Updated: April 28, 2016 15:01 (IST)
HCL Tech shares fell nearly 5 per cent on Thursday, after India's fourth biggest IT services company missed revenue growth and profit estimates in its third quarter. HCL Tech was the top Nifty loser today.
Press Trust of India | Last Updated: April 28, 2016 14:28 (IST)
Government on Thursday invited bids from merchant bankers to assist in its stake sale in three PSUs - OIL, NFL and RCF - which could fetch around Rs 2,260 crore to the exchequer.
Press Trust of India | Last Updated: April 28, 2016 13:49 (IST)
Mutual Funds raised allocation for IT stocks to over Rs 41,000 crore at the end of March in view of the weakening rupee, which increases IT exporters' profitability.
Press Trust of India | Last Updated: April 28, 2016 11:19 (IST)
Government's 11.36 per cent stake sale in NHPC opened for bidding by retail investors this morning with a subscription of over 41.02 lakh shares in early hours of trade.
NDTV Profit Team | Last Updated: April 28, 2016 10:09 (IST)
Bharti Airtel, headed by billionaire Sunil Mittal, beat Street estimates on most of the operating parameters. Its subscribers increased 3.3 per cent sequentially compared to estimates of 0.1 increase, while its minutes of usage increased 2.6 per cent compared to expectation of 2.5 per cent increase.
NDTV Profit Team | Last Updated: April 28, 2016 09:39 (IST)
Bharti Airtel was the top Nifty gainer, rising over 3 per cent. India's largest telecom operator reported a better than expected 2.8 per cent rise in its fourth-quarter profits on Wednesday. Airtel's rival Idea Cellular, which will report its Q4 earnings today, shares also saw buying interest.
NDTV Profit Team | Last Updated: April 28, 2016 09:10 (IST)
Nifty is facing a psychological resistance around 8,000 levels and in next one or two days Nifty is likely to touch levels of 8,000-8,100 and till the time 7,900 is not broken on the downside then dips should be used as buying opportunity with stop loss at 7,900 for target of 8,050-8,100 levels, says Sumeet Bagadia, associate director with Choice Broking.
Thomson Reuters | Last Updated: April 28, 2016 07:21 (IST)
The dollar edged up 0.2 percent to 111.61 yen, moving back towards a three-week high of 111.90 notched on Monday.
Press Trust of India | Last Updated: April 27, 2016 18:58 (IST)
Rapid rise in private sector debt in emerging markets (EMs), particularly in foreign currency, has increased risks to their economies at a time of heightened global uncertainty, Fitch ratings said on Wednesday.
Press Trust of India | Last Updated: April 27, 2016 17:41 (IST)
Gold regained its sheen to trade higher by Rs 215 to Rs 29,790 per ten grams as the bullion market in the national capital reopened after two days of strike, while silver rallied by Rs 775 to Rs 40,975 per kg largely in tune with a firming global trend.