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MUMBAI: Strong selling in IT stocks, led by sector leaders Infosys and TCS, pulled sensex down by 559 points on Thursday to close at 83,675 points, BSE data showed. Nearly 400 points of the index’s fall was contributed by the slide in these two stocks, mainly on the back of questions about the viability of…
MUMBAI: Dalal Street witnessed extreme volatility on Wednesday with the sensex rallying from more than 1,000 points down to over 300 points up within a couple of hours. The index finally settled 271 points down at 81,910 points, its first close below the 82,000 mark since Oct 8 last year.Geopolitical and global economic factors were…
MUMBAI: In volatile trades on Monday, the sensex tanked nearly 700 points in early trades and then reversed all the losses by mid-session on growing optimism about an India-US trade deal. The index finally closed the session up 302 points, at 83,878 points, its first session of gains after five consecutive sessions of losses during…
MUMBAI: Sensex dropped 367 points on Friday, marking its third consecutive day of losses, amid foreign fund outflows and a lack of major domestic triggers. In a low-volume trade, the 30-share index dropped 0.4% to settle at 85,041. The 50-share Nifty declined by 100 points to 26,042, registering its second day of decline. “Overall, Indian…
MUMBAI: The sensex slid another 400-plus point on Tuesday, taking the total loss in the index to over 1,000 points in just two days. The delay in concluding the US-India trade deal, a weak rupee and foreign fund selling weighed on investor sentiment that pulled the markets down, brokers and dealers said.The sensex opened in…
MUMBAI: A pro-growth monetary policy statement from RBI lifted investor sentiment on Dalal Street on Friday that lifted the sensex by nearly 450 points to close at 85,712 points. The rate cut decision, which is expected to aid banks’ lending business, led to a strong rally in banking stocks with SBI and HDFC Bank contributing…
MUMBAI: Exit polls in Bihar that indicated a continuation of the NDA govt in the state, and positive news on the ongoing US-India trade negotiations lifted investor sentiment on Dalal Street on Wednesday. As a result, sensex closed 595 points (0.7%) up at 84,467 points while nifty on NSE closed 181 points (0.7%) higher at…
MUMBAI: Fresh tariff-related jitters, weakness of the rupee and foreign fund selling pulled the sensex down by 733 points on Friday to 80,246 points, near its four-week low. As US President Donald Trump announced a fresh set of tariffs on imports of pharmaceutical products, most pharma stocks closed deep in the red. Nifty was down…
MUMBAI: The sensex fell for the fifth consecutive session on Thursday with foreign funds continuing to sell domestic stocks as trade-related issues with the US continuing to bother all the stakeholders. Since scaling a multi-month high at slightly over 83,000 on Sept 18, a couple of days before the US’s H-1B visa fee hike decision,…
