Business PSU TOP NEWS UPDATES

RBI keeps lending rates unchanged at 4% for ninth time

New Delhi [India] : The Reserve Bank of India (RBI) on Wednesday kept the benchmark interest rate unchanged at 4 per cent and decided to continue with its accommodative stance in the backdrop of concerns over the emergence of the new coronavirus variant Omicron. Consequently, the reverse repo rate will continue to earn 3.35 per cent for banks for their deposits kept with RBI. “The Monetary Policy Committee (MPC) has decided to keep benchmark repurchase (repo) rate at 4 per cent,” Governor Shaktikanta Das said while announcing the bi-monthly monetary policy review. The decision to maintain status quo on the benchmark interest rate comes in the backdrop of global scare due to the new coronavirus variant Omicron. This is the ninth consecutive time since the rate remains unchanged. The central bank had last revised the policy rate on May 22, 2020, in an off-policy…

Business Markets

Equity benchmark indices close in green, Sensex up by 198 points

Mumbai (Maharashtra) [India]: Indian equity market closed in green on Tuesday as the metal and power sector shares gained.At the closing bell, the BSE S&P Sensex was up by 198.44 points or 0.34 per cent, while the Nifty 50 gained by 86.80 points or 0.50 per cent. In BSE Sensex all the sectors, other than the Information Technology (IT) sector gained. The sectors that saw maximum gain were the metal sector that was up by 3.48 per cent, the power sector that was up by 3.20 per cent, the utilities sector that was up by 3.11 and the realty sector was up by 2.35 per cent.Among stocks, the top gainer was the Power Grid Corp, which surged 3.91 per cent to Rs 201.85, followed by NTPC Limited up by 2.53 per cent to Rs 133.50 per share.Tata Steel, Bharti Airtel and Sun Pharma also…

Business Markets

Equity benchmark indices close in red; Sensex tanks 1,170 pts, Nifty slips below 17,500

Mumbai (Maharashtra) [India] : Stock markets witnessed a bloodbath since the opening on Monday, with the benchmark index continuing the downside move throughout the day and crashing by almost 2 per cent at the closing bell.At the closing bell, the BSE S&P Sensex was down by 1170.12 points or 1.96 per cent at 58465.89, while the Nifty 50 dropped by 348.30 points or 1.96 per cent at 17416.50. In BSE Sensex, the sectors which plummeted the most were the energy sector with a decline of 3.99 per cent, consumer durables with 3.22 per cent, the auto sector with 3.07 per cent, and oil and gas with 3.00 per cent.The only sectors that gained were Telecom by 2.92 per cent and metal by 0.07 per cent.Among stocks, the top gainer was Bharti Airtel which surged 3.90 per cent to Rs 742.05 per share, followed by…

Business Markets

Equity benchmark indices close in red, realty sector drags Sensex down by 433 points

Mumbai (Maharashtra) [India]: Indian equity market closed in red on Thursday as the realty, healthcare and banking sector shares plummeted.At the closing bell, the BSE S&P Sensex was down by 433.13 points or 0.72 per cent, while the Nifty 50 dropped by 143.60 points or 0.80 per cent. In BSE Sensex, the sectors which plummeted were the realty sector with a decline of 2.51 per cent, the healthcare sector with 1.24 per cent, and the banking sector with 1.19 per cent.The sectors which managed to stay afloat today were the consumer durables sector and power sector with 0.68 per cent and 0.31 per cent respectively.Among stocks, the top gainer was the Titan Company, which surged 1.79 per cent to Rs 2,528, followed by Mahindra & Mahindra (M&M) up by 0.57 per cent to Rs 924.90 per share.Reliance, Tata Consultancy Services (TCS) and IndusInd Bank…

Business Markets

Equity benchmark indices close in green, Sensex gains 478 points

Mumbai (Maharashtra) [India]: Indian equity market closed in the green on Monday as the oil and gas and consumer durables sector shares gained.At the closing bell, the BSE S&P Sensex was up by 477.99 points or 0.80 per cent, while the Nifty 50 gained by 151.70 points or 0.85 per cent. In BSE Sensex the sectors, which gained were the oil and gas sector and the consumer durables sector, while the sector that plummeted was healthcare.Among stocks, the top contributor was the Titan company, which surged 4.29 per cent to Rs 2,536.90 per share, followed by Ultra Tech Cement at a surge of 4.20 per cent to Rs 8,208 per share. Bajaj Finserv, Tech Mahindra and Kotak Mahindra too traded with a positive bias.However, IndusInd Bank cracked by 10.71 per cent, followed by Mahindra & Mahindra (M&M) down by 1.57 per cent and State…

Business Markets

Equity benchmark indices close in red again; Sensex plummets 677.77 points

Mumbai (Maharashtra) [India]: The Indian equity market closed in the red on Friday as the energy and information technology shares plunged.At the closing bell, the BSE S&P Sensex was down by 677.77 points or 1.13 per cent, while the Nifty 50 dropped by 185.60 points or 1.40 per cent. In BSE Sensex the sectors, which plummeted were the energy sector with a decline of 1.90 per cent, the information technology sector with 1.60 per cent, TECK with 1.35 per cent and banking with 1.12 per cent.Among the gainer for the day were the basic materials sector with 0.55 per cent and realty with 0.53 per cent.Among stocks, the top gainer was UltraTech Cement, which surged 2.61 per cent to Rs 7,632.75 per share, followed by Dr Reddys Labs up by 2.21 per cent to Rs 4,670.05 per share. Maruti Suzuki, Tata Steel and Titan…

Business Markets

Equity benchmark indices close in red; Sensex plummets 1,158 points

Mumbai (Maharashtra) [India]: The Indian equity market closed in the red on Thursday as the realty and banking shares plunged.At the closing bell, the BSE S&P Sensex was down by 1,158.63 points or 1.89 per cent, while the Nifty 50 dropped by 353.70 points or 1.94 per cent. In BSE Sensex the sectors, which plummeted were the realty sector with a decline of 3.75 per cent and the banking sector with 3.36 per cent.The only gainer for the day was the capital goods sector with 0.02 per cent.Among stocks, the top gainer was IndusInd Bank, which surged 2.94 per cent to Rs 1,175.45 per share, followed by Larsen and Toubro up by 1.92 per cent to Rs 1,817 per share. UltraTech Cement, Asian Paints, and Maruti Suzuki too traded with a positive bias.However, ITC cracked by 5.54 per cent, followed by ICICI Bank down…

Business Markets

Equity benchmark indices close in red; Sensex falls by nearly 207 points

Mumbai (Maharashtra) [India]: The Indian equity market closed in the red on Wednesday as the metal and banking sector shares dragged.At the closing bell, the BSE S&P Sensex was down by 206.93 points or 0.34 per cent, while the Nifty 50 dropped by 57.40 points or 0.31 per cent. In BSE Sensex the sectors, the sectors which plummeted were the metal sector with a decline of 1.82 per cent and the banking sector with 1.12 per cent.However, the Information Technology sector gained by 1.01 per cent, followed by the TECK sector at 0.76 per cent.Among stocks, the top gainer was Asian Paints, which surged 4.42 per cent to Rs 3,094.20 per share, followed by Sun Pharma up by 1.45 per cent to Rs 825.35 per share. Infosys, State Bank of India (SBI), and UltraTech Cement too traded with a positive bias.However, Axis Bank cracked…

Business Markets

Equity indices open in the green, Sensex up by 60 points

Mumbai (Maharashtra) [India] : Equity benchmark indices opened in the green on Thursday with Sensex up by 60.19 points and Nifty up by 24.50 points.At 9:30 am, the 30-scrip BSE Sensex was up by 60.19 points or 0.10 per cent at 61320.15. Similarly, 50-scrip NSE Nifty was trading at 18291.10, at 9:30 am, up by 24.50 points or 0.13 per cent. 

Business Markets

Equity indices open in the green, Sensex up

Mumbai (Maharashtra) [India] : Equity benchmark indices opened in the green on Tuesday at a record high with Sensex up by 382.31 points and Nifty up by 108 points.At 9:30 am, the 30-scrip BSE Sensex was up by 382.31 points or 0.62 per cent at 62147.90. Similarly, 50-scrip NSE Nifty was trading at 18585.00, at 9:30 am, up by 108 points or 0.58 per cent.

Business Markets

Equity Benchmarks Sensex And Nifty On A Slow Start Amid Weak Global Cues

Equity benchmarks Sensex and Nifty started on a choppy note on Thursday amid a negative trend in Asian peers. The 30-share BSE index was trading 3.34 points or 0.01 per cent higher at 53,058.10 in initial deals, while the broader NSE Nifty inched 8.95 points or 0.06 per cent lower to 15,870.70. Bajaj Auto was the top gainer in the Sensex pack, rising nearly 2 per cent, followed by Tech Mahindra, NTPC, IndusInd Bank, PowerGrid, M&M and HCL Tech. On the other hand, UltraTech Cement, HUL, Sun Pharma and Nestle India were among the laggards. In the previous session, Sensex climbed 193.58 points or 0.37 per cent to close at its fresh lifetime high of 53,054.76, and Nifty rose 61.40 points or 0.39 per cent to its record 15,879.65. Foreign institutional investors (FIIs) were net buyers in the capital market as they purchased shares worth Rs…