Jul 14, 2014 at 07:49 | Source: Moneycontrol.com
Last week was worst in 15 months on Dalal Street as market succumbed to selling pressure. Major indices shed over 3.5 percent last week, the biggest weekly fall since March last year.
Jul 11, 2014 at 19:23 | Source: Moneycontrol.com
The sharp fall was attributed to absence of subsidy rationalisation, unrealistic fiscal deficit target of 4.1 percent for FY15 set by Finance Minister Arun Jaitley in his maiden Budget, not so reformist Railway Budget, fiscal crisis in Europe, issue of GAAR and unwinding of long positions, say experts.
Jul 11, 2014 at 16:57 | Source: Moneycontrol.com
Lack of fresh buying, build up of fresh short positions and profit booking post big event Union Budget drove the indices down to five-week low, say experts, adding this selling pressure may continue further in near term due to lack of triggers.
Jul 11, 2014 at 14:00 | Source: Moneycontrol.com
Banks, capital goods, metals and realty stocks were beaten out of shape in today's trade. BHEL was down 9 percent, Hindalco lost 6 percent while SBI, L&T and Tata Steel were other losers in the Sensex. Both midcaps and smallcaps which had seen robust rally in the run up to the Budget saw massive selling today.
Jul 11, 2014 at 13:00 | Source: Moneycontrol.com
BHEL is down 6 percent while Hindalco falls 4 percent. HDFC, Coal India and SBI are other major losers in the Sensex.
Jul 11, 2014 at 12:00 | Source: Moneycontrol.com
Aluminium major Hindalco Industries and state-run power equipment maker BHEL topped the selling list, falling 4.5-5 percent followed by HDFC, State Bank of India, Tata Steel, Coal India, Gail and Tata Power with 2-2.5 percent.
Jul 11, 2014 at 11:00 | Source: Moneycontrol.com
Sun Pharma, TCS, Dr Reddy's Labs, Hero Motocorp and ITC are top gainers while HDFC, Hindalco, GAIL, ONGC and Reliance are losers in the Sensex.
Jul 11, 2014 at 10:00 | Source: Moneycontrol.com
Technology, healthcare and FMCG stocks continued to support the market while the weakness in banking and financials, oil and gas, and metals capped the upside.
Jul 11, 2014 at 09:15 | Source: Moneycontrol.com
Big mover today is Infosys after it posted better-than expected April-June quarter earnings. The stock is up 3 percent.
Jul 11, 2014 at 08:27 | Source: Moneycontrol.com
According to a CNBC-TV18 poll, dollar revenue growth is expected to improve to 2.2 percent, but may lag its peers. Margins are likely to remain under pressure while FY15 dollar revenue guidance is seen to be maintained at 7-9 percent.