Category: BUSINESS

Key benchmark indices Sensex and Nifty declined in early trade on Wednesday as profit booking emerged in banking and financial stocks after a stellar five-day rally. The 30-share BSE Sensex had opened higher by 0.10 per cent but failed to hold onto gains in early trade and declined by 102.99 points or 0.22 per cent to 47,510.09. The broad based Nifty was down by 27.45 points or 0.2 per cent at 13,905.15 with 31 of its constituents trading in the red. The 50-share index had opened higher by 10.75 points…

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Benchmark indices Sensex and Nifty continued their record-setting spree on Tuesday morning as investor sentiment remained upbeat amid positive domestic as well as global cues. The BSE gauge Sensex was trading 228.73 points or 0.48 per cent higher at a fresh record of 47,582.48 in early deals. Likewise, the NSE barometer Nifty jumped 66.50 points or 0.48 per cent to a new high of 13,939.70 in the opening session. On the Sensex chart, IndusInd Bank, HCL Tech, Kotak Bank, Axis Bank, HDFC Bank and Bajaj Auto were top gainers. Barring…

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Benchmark gauges Sensex and Nifty soared to new heights in early deals on Monday, tracking broad-based rallies in global equities. The BSE benchmark Sensex rose 361.93 points or 0.77 per cent to touch an all-time high of 47,335.47 in morning trade; and the broader NSE Nifty climbed 110.55 points or 0.80 per cent to a new peak of 13,859.80. On the Sensex chart, barring HDFC and Asian Paints, all constituents were trading in the green. On the last trading day, Thursday, of the previous week, the 30-share Sensex had surged…

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The Sensex made an emphatic comeback on Tuesday following the previous session’s massive selloff, as European markets reversed losses amid expectations that the COVID-19 vaccines will be effective against a new virus strain in the UK. IT stocks led the recovery on Dalal Street, with pharma and select banking stocks also witnessing robust demand. After gyrating 968 points in a volatile session, the 30-share BSE Sensex ended 452.73 points or 0.99 per cent higher at 46,006.69. On similar lines, the broader NSE Nifty climbed 137.90 points or 1.03 per cent…

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Equity benchmark Sensex dropped over 300 points in early trade on Tuesday, tracking losses in index majors Reliance Industries, Bajaj Finance and ITC amid weak cues from global markets as concerns over the new coronavirus strain continued to spook investors. The 30-share BSE index rallied over 384 points in the opening session, but soon pared the gains to trade 307.60 points or 0.68 per cent lower at 45,246.36. After similar movement, the broader NSE Nifty slipped 99.90 points or 0.75 per cent to 13,228.50. M&M was the top laggard in…

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Equity benchmark Sensex dropped over 200 points on Monday, tracking weak cues from global markets amid concerns over a new strain of the virus leading to fresh restrictions in European countries. The 30-share BSE index pared the gains to trade 202.44 points or 0.43 per cent lower at 46,758.25. Similarly, the broader NSE Nifty slipped 66.75 points or 0.49 per cent to 13,693.80. M&M was the top laggard in the Sensex pack, shedding around 2 per cent, followed by ICICI Bank, PowerGrid, Axis Bank, SBI, ONGC and IndusInd Bank. On…

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Equity benchmark Sensex opened on a choppy note on Friday as profit-booking emerged at fresh highs in early trade amid persistent foreign fund inflows. After opening at its lifetime intra-day high of 47,026.02, the 30-share BSE index pared the gains to trade 141.30 points or 0.30 per cent lower at 46,749.04. Similarly, the broader NSE Nifty slipped 44.90 points or 0.33 per cent to 13,695.80. It hit a high of 13,713.55 in early trade. It touched an intra-day high of 13,771.45. ONGC was the top laggard in the Sensex pack,…

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Equity benchmark Sensex dropped over 130 points in early trade on Tuesday tracking losses in index-heavyweights Infosys, TCS and Reliance Industries amid a weak trend in global markets. The 30-share BSE index was trading 135.05 points or 0.29 per cent lower at 46,118.41. Similarly, the broader NSE Nifty fell 48.55 points or 0.36 per cent to 13,509.60. Axis Bank was the top loser in the Sensex pack, shedding around 2 per cent, followed by ONGC, M&M, ICICI Bank, Asian Paints, SBI, HUL, L&T, Titan, Infosys and TCS. Reliance Industries was…

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U.S. government agencies and private companies rushed to secure their computer networks following the disclosure of a sophisticated and long-running cyber-espionage intrusion suspected of being carried out by Russian hackers. The full extent of the damage is not yet clear. But the potential threat was significant enough that the Department of Homeland Security’s cybersecurity unit on Monday directed all federal agencies to remove compromised network management software and thousands of companies were expected to do the same. What was striking about the operation was its potential scope as well as…

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Equity benchmark Sensex jumped over 250 points in early trade on Monday tracking gains in index majors ICICI Bank, HDFC and L&T amid persistent foreign fund inflows and largely positive trend in global markets. After touching its record intra-day high of 46,373.34 in the opening session, the 30-share BSE index was trading 235.41 points or 0.51 per cent higher at 46,334.42. Similarly, the broader NSE Nifty rose 69.70 points or 0.52 per cent to 13,583.55. It hit a high of 13,588.40 in early trade. ONGC was the top gainer in…

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