MUMBAI: Across-the-board buying lifted the sensex by 1,331 points to close above the 80k mark on Friday as global cues, especially strong US markets in the last two days, supported investor sentiment on Dalal Street. Adani group stocks that were under pressure since Hindenburg Research’s Aug 10 report too rallied.The sensex opened the day’s session … Read more
New York: When US markets reopen next Tuesday after the long weekend, everything will likely seem normal. It’s only after the close and in the following days that any cracks are expected to appear. A spike in the number of failed trades, operational glitches and additional costs are among industry fears as the trading process … Read more
Nifty ended with weekly gains of 0.75% with leadership taken by banks, auto and metals. When markets resume trading on Monday, a host of important domestic and global events lined up during the holiday-shortened week are likely to impact them. Commenting on the day’s trade, Rupak De, Senior Technical Analyst at LKP Securities said that … Read more
Mumbai: India’s equity benchmarks closed at record levels on Thursday, extending gains to the eighth straight session as traders carried forward their bullish derivative bets to January on the expiry of the December contracts in the trading session. The BSE Sensex gained 0.52% or 371.95 points to close at 72,410. The Nifty advanced 0.57%, or … Read more
MUMBAI: Equity benchmark indices climbed in early trade on Wednesday, helped by buying in index major Reliance Industries.Gains were however restricted amid unabated foreign fund outflows from the equity markets and mixed trends in global markets.The 30-share BSE Sensex climbed 74.43 points to 66,005.20 in early trade. The Nifty went up by 26.15 points to … Read more
WASHINGTON: US consumer prices were unchanged in October amid lower gasoline prices, and underlying inflation showed signs of slowing, supporting views that the Federal Reserve was probably done raising interest rates.The unchanged reading in the consumer price index reported by the Labor Department’s Bureau of Labor Statistics (BLS) on Tuesday followed a 0.4% rise in … Read more