Category: BUSINESS

Benchmark gauges Sensex and Nifty on Monday pulled back from the day’s highs but managed to settle with marginal gains as investors rushed to book profits following a stellar rally.   The 30-share BSE Sensex surged over 640 points in early trade, mirroring bullish sentiments in global markets in the wake of surprisingly strong US jobs data, but an intense volatility gripped the index as the session progressed. After fighting bouts of volatility during the day, the Sensex ended 83.34 points, or 0.24 per cent, higher at 34,370.58. Similarly, the…

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US President Donald Trump has said that countries like India and China would have much more coronavirus cases than America, the worst-hit country in the world, if they conduct more tests. Trump, in his remarks at Puritan Medical Products in Maine, said that the US has carried out 20 million tests. Compared to the US, Germany is at four million and much talked about South Korea is about three million tests, he said on Friday. According to Johns Hopkins Coronavirus Resource Center, the US has reported nearly 1.9 million cases…

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Equity benchmark Sensex surged over 350 points in early trade on Friday, tracking gains in index-heavyweights Reliance Industries and HDFC twins amid sustained foreign fund inflow. After hitting a high of 34,357.30, the 30-share index was trading 366.91 points, or 1.08 per cent, higher at 34,347.61. Similarly, NSE Nifty rose 112.15 points, or 1.12 per cent, to 10,141.25. Tata Steel was the top gainer in the Sensex pack, rising around 4 per cent, followed by ONGC, SBI, L&T, IndusInd Bank and Sun Pharma. Shares of Reliance Industries (RIL) surged around…

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Equity benchmark Sensex surged over 200 points in early trade on Thursday, led by strong buying in HDFC Bank, ICICI Bank, TCS and Reliance Industries amid persistent foreign fund inflow. After hitting a high of 34,310.14, the 30-share index was trading 124.02 points or 0.36 per cent higher at 34,233.56. Similarly, NSE Nifty rose 41.65 points or 0.41 per cent to 10,103.20. Tech Mahindra was the top gainer in the Sensex pack, rising around 3 per cent, followed by Sun Pharma, TCS, PowerGrid, HDFC Bank, HCL Tech and ICICI Bank.…

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Cloud-based software provider Salesforce is focusing on strengthening its operations in the country, creating a unified structure that can create an “India story”, its India head said. “My focus will be to create that India story, create a unified structure….the India leadership will look at how to get the best of resources and talent, ensure productivity, better collaboration, ensure that we get the right kind of people into the company to develop that India story and to enable us to contribute in the area of innovation, engineering and support services…

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Equity benchmark Sensex jumped over 300 points in early trade on Tuesday, led by index-heavyweights Kotak Bank, HDFC, TCS and Reliance Industries amid positive cues from global markets. After opening on a tepid note, the 30-share index was trading 309.68 points or 0.93 per cent higher at 33,613.20. Similarly, NSE Nifty advanced 98.10 points or 1 per cent to 9,924.25. Kotak Bank was the top gainer in the Sensex pack, rising around 7 per cent, followed by M&M, Sun Pharma, Hero MotoCorp, Bajaj Finance, Tata Steel, Bharti Airtel and HCL…

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Market benchmark index Sensex on Monday rallied 879 points on heavy buying in financial, FMCG and energy stocks as the government starting the process to unlock the economy boosted investor sentiment. Positive cues from the global markets also helped the key equity indices extend gains for the fourth session in a row. After skyrocketing 1,250 points during the day, the 30-share BSE Sensex settled 879.42 points or 2.57 per cent higher at 33,303.52. The NSE Nifty surged 245.85 points or 2.57 per cent to finish at 9,826.15. Bajaj Finance was…

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Uttar Pradesh Chief Minister Yogi Adityanath Sunday said the state government does not intend to impose any new tax to deal with the economic impact of the coronavirus crisis. Replying to a specific question during a virtual press conference, Adityanath said, “We have started our economic activities, and it is moving on rapidly. As compared to the previous month, this month’s revenue (collection) seems good. There is no thought of imposing any separate tax, and our focus is to give more relaxation to the public. How to boost industrial activities…

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A total of 513 domestic flights carrying 39,969 passengers were operated in India on Friday, Civil Aviation Minister Hardeep Singh Puri said on Saturday.   Domestic services resumed in India after a gap of two months due to the coronavirus lockdown. Indian carriers have operated a total of 1,827 flights till Thursday — 428 on Monday, 445 on Tuesday, 460 on Wednesday and 494 on Thursday. Puri said on Twitter on Saturday: “Day 5. 29th May till 2359 hrs. Departures 513. 39,969 passengers handled. Arrivals 512. 39,972 passengers handled.” A…

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Equity benchmark Sensex tumbled over 300 points in early trade on Friday dragged by losses in HDFC Bank, Infosys, TCS and Reliance Industries amid weak cues from global markets. After touching a low of 31,823.80 in opening session, the 30-share index was trading 312.34 points or 0.97 per cent down at 31,888.25. Similarly, NSE Nifty fell 95.75 points or 1.01 per cent to 9,394.35. Axis Bank was the top laggard in the Sensex pack, rising around 3 per cent, followed by IndusInd Bank, Bajaj Finance, Tata Steel, Infosys, HDFC twins…

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