Category: NEWS CATEGORIES

BSE benchmark Sensex plummeted over 424 points Friday led by a sharp selloff in metal and auto stocks amid negative cues from the global markets on renewed concerns over the US-China trade tiff.The 30-share index cracked 424.61 points, or 1.15 per cent, to finish at 36,546.48, while the broader NSE Nifty slumped 125.80 points, or 1.14 per cent to 10,943.60.Sudden selling in metal and auto counters led to a sharp drop at the fag end of the session, traders said. Tata Motors was the biggest loser on Sensex, cracking 17.93…

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Benchmark equity indices gave up gains to end almost flat on Thursday as investors booked profits at higher levels, after the the Reserve Bank surprisingly reduced the repo rate by 0.25 per cent.After rising nearly 200 points, the 30-share BSE Sensex ended 4.14 points, or 0.01 per cent, lower at 36,971.09; while the broader Nifty settled 6.95 points, or 0.06 per cent, higher at 11,069.40.India VIX, the fear gauge for domestic equities, rose 1.40 per cent.Rate-sensitive stocks swung between gains and losses after the rate-cut announcement, with BSE realty index…

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Snapping its two-day losing streak, the rupee ticked higher by 23 paise to close at 71.57 per US dollar Tuesday amid fresh foreign fund inflows and gains in domestic equities. Forex dealers said investors were cautious ahead RBI’s Monetary Policy Committee outcome scheduled for February 7.“Rupee is consolidating in the range, as most of the Asian region’s markets shut for Lunar New Year holidays. Near term focus of domestic forex market will be on three-day central bank policy meet, starting Tuesday,” said V K Sharma, Head PCG & Capital Markets…

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