BSE

Sensex, Nifty reach all-time high

Mumbai: The domestic equity benchmarks were trading at all-time high on Wednesday morning. Sensex rallied 337.41 pts to hit a new peak of 60,621.72 in the opening session. Nifty jumps 74.15 pts to 18,066.10. Among the top gainers were Mahindra and Mahindra, Tech Mahindra, Bajaj Auto, L&T, NTPC, Asian Paints, Kotak Mahindra bank, etc. Among...

Zomato’s stunning debut in stock market: Market cap crosses Rs 1 lakh crore

Mumbai: It was a big day for Zomato on Friday when the company made a stunning debut in the stock market. Its market cap crossed Rs 1 lakh crore. The issue price of the IPO was Rs 76, but it was listed at Rs 116 per share. Soon after listing, it touched the upper circuit...

Sensex tanks 740 points as COVID-19 cases go up

Indian capital markets extended their decline for the second day on Thursday with the Sensex falling 740 points or 1.5 per cent to close at 48,440. Nifty too declined by 224.5 points or 1.54 per cent and ended the day at 14,324 points. The decline in the benchmark indices is attributed to the surge in...

Markets rejoice as Union Budget ticks all the right boxes

Indian stock markets on Monday rejoiced the measured announced by the Union government in the budget 2021. The BSE Sensex on Monday surged nearly 5 per cent, or 2,314 points, to touch 48,761 points. Similarly, Nifty recorded a surge of 4.74 per cent, or 646 points, to end the day at 14,281.20. With this, the...

Sensex tanks 938 points ahead of Union Budget

The BSE benchmark index Sensex on Wednesday crashed 938 points to end the day at 47,409—a decline of 1.94%, whereas the Nifty slipped 271.40 points to touch 13,967.  The Indian stock markets are falling due to massive selling across sectors and in the past four trading sessions, Sensex has declined 4.78% or 2,382 points. The...

Sensex crosses 50k-mark for the first time, profit-booking drags it down

The Indian stock markets are on a roll for the past few weeks, with the BSE benchmark index, S&P BSE Sensex, on Thursday creating history by crossing the 50,000-mark. It is being seen as a major development and an indicator of the positive market sentiments globally since the COVID-19 pandemic ravaged the global economy last...

RBI orders HDFC Bank to stop digital launches, issuance of new credit cards

The Reserve Bank of India has ordered private lender HDFC Bank to halt digital launches and adding more credit card customers. The development comes after the bank customers faced a number of incidents of outages in the internet banking/ mobile banking/ payment utilities of the bank over the past 2 years. One of the recent...

Revenue department uncovers Rs 8,200 cr tax evasion scam, stock brokers involved

The Revenue Department has initiated a probe against several individuals and entities in connection with long-term capital gains tax evasion by indulging in a reversal of options trade on the Bombay Stock Exchange (BSE) in illiquid options. The probable tax evasion scam is to the tune of Rs 8,200 crore, a report published by a...

Sensex tanks 1,066 points over weak global cues

Investors in India on Thursday lost over Rs 2.7 lakh crore within a few hours as the Sensex tanked by over 1,000 points. The downfall almost wiped out most the gains achieved during the past 10 days when the markets witnessed consecutive gains. The decline in the stock market is attributed to the selling pressure...

Markets tank amid fresh lockdowns, rising COVID-19 cases

The Indian stock markets fell sharply on Tuesday amid rising coronavirus cases and fresh lockdowns in some parts in the country. The broader NSE Nifty 50 index closed down 1.81 per cent at 10,607 while the benchmark S&P BSE Sensex ended 660 points lower at 36,033.06, dragged by losses in banking and auto stocks. The...

What is the truth about delisting buzz of Adani Power?

There is a buzz in the stock market that after Vedanta, Adani Group is planning to delist Adani Power from the bourses. The buzz is quite strong and according to some market experts, the promoters are planning to buyback the entire public shareholding. Earlier, on 12 May, Vedanta Metals and mining giant Vedanta had announced...

Share markets end in green amid expectations of a fresh stimulus package from Centre

Domestic share markets registered a six-week closing high on Thursday, boosted by gains in heavyweight banking and IT stocks on expectations of a fresh stimulus package from the government to soften the damage from the coronavirus pandemic. The NSE Nifty 50 index ended 1.38 per cent higher at 9,313.90, and the leaner S&P BSE Sensex...