Category: BUSINESS

The rupee depreciated 5 paise to 74.98 against the US dollar in opening trade on Wednesday tracking weak domestic equities and strengthening American currency. Forex traders said steady crude oil prices and foreign fund inflows supported the rupee, while factors like strong dollar, muted domestic equities and rising COVID-19 cases dragged the local unit down. The rupee opened on a positive note at 74.88 at the interbank forex market, but soon lost ground and touched 74.98 against US dollar, down 5 paise over its last close. It had settled at…

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Equity benchmark Sensex jumped over 100 points in early trade on Tuesday tracking positive cues from global indices, easing border tension with China and foreign fund inflows. However, profit-booking at higher levels capped the gains on key indices, traders said. After touching a high of 36,660.35 in opening session, the 30-share index turned range-bound to trade 64.56 points, or 0.18 per cent, higher at 36,551.84. The NSE Nifty was up 8.50 points, or 0.08 per cent, at 10,772.15. Infosys was the top gainer in the Sensex pack, advancing around 3…

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Equity benchmark Sensex rallied over 300 points in early trade on Monday tracking massive buying momentum in Asian peers and foreign fund inflows. After touching a high of 36,389.01, the 30-share index was trading 310.29 points, or 0.86 per cent, higher at 36,331.71, while the NSE Nifty rose 99.70 points, or 0.94 per cent, to 10,707.05. IndusInd Bank was the top gainer in the Sensex pack, advancing around 4 per cent, followed by HDFC Bank, Bajaj Finance, Tech Mahindra, SBI, Axis Bank, ITC and Tech Mahindra. On the other hand,…

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Market benchmark Sensex surged over 300 points in early trade on Thursday tracking advances in global equities as positive macroeconomic data flow and hopes of a COVID-19 vaccine boosted investor sentiment. After touching a high of 35,724.32, the 30-share index was trading 249.01 points, or 0.70 per cent, higher at 35,663.46, while the NSE Nifty rose 76.50 points, or 0.73 per cent, to 10,506.55. ONGC was the top gainer in the Sensex pack, surging around 4 per cent, followed by M&M, IndusInd Bank, HDFC Bank, SBI and Titan. On the…

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Equity benchmark Sensex surged over 200 points in early trade on Tuesday led by gains in index-heavyweights Reliance Industries, ICICI Bank and HDFC amid positive cues from global markets. The 30-share index was trading 211.55 points, or 0.61 per cent, higher at 35,173.07, while the NSE Nifty rose 57.35 points, or 0.56 per cent, to 10,369.75. Tata Steel was the top gainer in the Sensex pack, surging around 4 per cent, followed by Axis Bank, Bajaj Finance, L&T, SBI, IndusInd Bank, ICICI Bank, HDFC and Reliance Industries. On the other…

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Equity benchmark Sensex tumbled over 300 points in early trade on Monday dragged by losses in index-heavyweights HDFC twins, ICICI Bank and Infosys amid negative cues from global markets. The 30-share index was trading 323.91 points, or 0.92 per cent, lower at 34,847.36, while the NSE Nifty fell 83.65 points, or 0.81 per cent, to 10,299.35. Bajaj Finance was the top loser in the Sensex pack, dropping around 4 per cent, followed by Axis Bank, IndusInd Bank, ICICI Bank, SBI, HDFC duo and Infosys. On the other hand, ITC, Sun…

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Petrol price on Saturday was hiked by 25 paise per litre and diesel by 21 paise, taking the cumulative increase in rates in three weeks to Rs 9.12 and Rs 11.01 respectively. Petrol price in Delhi was hiked to Rs 80.38 per litre from Rs 80.13, while diesel rates were increased to Rs 80.40 a litre from Rs 80.19, according to a price notification of state oil marketing companies. Rates have been increased across the country but the final retail selling price differs from state to state depending on the…

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Equity benchmark Sensex surged over 300 points in early trade on Friday tracking gains in index-heavyweights Infosys, Reliance Industries, HDFC Bank and ICICI Bank amid positive cues from global markets. The 30-share index was trading 355.04 points, or 1.02 per cent, higher at 35,197.14, while the NSE Nifty jumped 100.55 points, or 0.98 per cent, to 10,389.45. IndusInd Bank was the top gainer in the Sensex pack, rallying around 4 per cent, followed by Infosys, TCS, ICICI Bank, Reliance Industries, ITC and HDFC Bank. On the other hand, Kotak Bank,…

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Equity benchmark Sensex tumbled over 300 points in early trade on Thursday tracking losses in index-heavyweights HDFC twins, Infosys and ICICI Bank ahead of the expiry of June derivatives. Weak cues from global markets also weighed on investor sentiment here, traders said. After touching a low of 34,499.78, the 30-share index was trading 343.59 points, or 0.99 per cent, lower at 34,525.39. Similarly, NSE Nifty fell 99.10 points, or 0.96 per cent, to 10,206.20. Infosys was the top loser in the Sensex pack, shedding around 3 per cent, followed by…

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Equity benchmark Sensex advanced over 200 points in early trade on Wednesday tracking gains in index-heavyweights Reliance Industries and ITC amid sustained foreign fund inflows. After touching a high of 35,679.74, the 30-share index was trading 220.35 points, or 0.62 per cent, up at 35,650.78. Similarly, NSE Nifty rose 56.45 points, or 0.54 per cent, to 10,527.45. Asian Paints was the top gainer in the Sensex pack, rallying around 4 per cent, followed by ITC, Bajaj Auto, Bajaj Finance, NTPC and Titan. On the other hand, HCL Tech, IndusInd Bank,…

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