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Sensex crashes 550 pts as China equity sell-off, P-Note worries spook markets

Jul 27, 2015 at 17:10 | Source: FirstPost

Domestic stocks went into a tailspin on the first trading session of the week with benchmark Sensex crashing to an almost two-month low, spooked by a major sell-off in Chinese equities and panic amongst local investors that any government action to c...

Sensex falls nearly 1 percent; ICICI Bank slumps| Reuters

Jul 25, 2015 at 01:45 | Source: FirstPost

MUMBAI The BSE Sensex ended nearly 1 percent lower on Friday, dragged down by ICICI Bank(ICBK.NS) on concerns over its exposure to debt-laden Jaiprakash Group, while Reliance Industries (RELI.NS) fell ahead of its quarterly results later in the day. ...

Weak Chinese economic data, non-functioning Parliament takes toll on Sensex

Jul 24, 2015 at 16:58 | Source: FirstPost

Equity markets went into a correction mode for the second straight session, ending the week on a bearish note as culmination of weak global economic readings and the persisting adjournment of Parliament session stalling key decision-making on the ref...

Sensex snaps two-session fall with 323 points gains as RIL leads rebound

Jul 22, 2015 at 16:47 | Source: FirstPost

A day after domestic equities took a sharp plunge on worries of disappointing earnings from select blue chip companies, key benchmark indices on Wednesday bounced back sharply fuelled by spectacular gains led by index heavyweight Reliance Industries ...

YES Bank shares up 3%; bank dispels concerns over exposure to stressed firms

Jul 09, 2015 at 11:31 | Source: FirstPost

A day after YES Bank stock tumbled 8 percent following downgrade of its stock by a foreign brokerage firm, ithas rebounded today in a lacklustre broad market sentiment rising nearly 3 percent in early trade.At 10.55 am, YES Bank shares werequoted at ...

PayPal to buy Xoom for $890 mn in cash to expand portfolio

Jul 02, 2015 at 19:36 | Source: FirstPost

Washington: Online payment firm PayPal will acquire digital money transfer services provider Xoom for about $890 million in an all cash deal as it eyes to enter the burgeoning global money remittances market.Both the firms have signed "a definit...

Data Security Council of India appoints Nandkumar Saravade as CEO

Jun 29, 2015 at 18:17 | Source: FirstPost

Data Security Council of India (DSCI) Board has named Nandkumar Saravade as chief executive officer of the organisation, effective July 1. He will take over from the current officiating CEO, Rama Vedashree, VP NASSCOM.R. Chandrashekhar, President, NA...

Sensex ends down 167 points, after crashing over 600 pts in initial trades

Jun 29, 2015 at 17:05 | Source: FirstPost

Domestic equity markets ended off their intra-day lows as late bout of shortcovering in select FMCG and frontline stocks helped the benchmark Sensex erase most of its early losses after a weak opening had snow-balled into a full-blown sell-off in the...

Sensex tanks over 500 pts: Manic Monday on Dalal Street as Greek default looms

Jun 29, 2015 at 11:40 | Source: FirstPost

Key domestic equity benchmark indices came down crashing in the opening trade Monday, with benchmark Sensex tumbling over 500 points amid knee-jerk reaction by investors over Greece inching closer towards a likely expulsion from the Euro zone after w...

Manic Monday on Dalal Street as Greek default looms; Sensex tanks over 500 pts

Jun 29, 2015 at 10:06 | Source: FirstPost

Key domestic equity benchmark indices came down crashing in the opening trade Monday, with benchmark Sensex tumbling over 500 points amid knee-jerk reaction by investors over Greece inching closer towards a likely expulsion from the Euro zone after w...

LIC should ask itself who is the boss: The policyholder or Arun Jaitley

Jun 27, 2015 at 15:17 | Source: FirstPost

It is time for Finance Minister Arun Jaitley to start work on listing the public sector insurance behemoth, the Life Insurance Corporation (LIC) of India.Quite apart from the fact that the money obtained by offloading a portion of LIC will be useful ...

Sensex drops 117 pts in early trade; banking, capital goods shares lead decline

Jun 26, 2015 at 10:56 | Source: FirstPost

Domestic equities mirroring the weak sentiment in Asian peers and overnight fall in US gauges faltered in early trade Friday, as banking, capital goods and realty shares retreated dragging down the key benchmark Sensex below 27,800 mark.Investors rem...

Bulls maintain strong hold as Sensex ends 414 pts higher; surges 1,359 pts in seven sessions

Jun 22, 2015 at 17:12 | Source: FirstPost

Equity markets showed no signs of fatigue as rally continued unabated for the seventh consecutive session on Monday, with benchmark Sensex surging 466 points intra-day to edge past 27,700 amid hopes of a better-than-expected monsoon for this month ag...

Extended rally propels Sensex past 27,700 as banking, realty shares sizzle

Jun 22, 2015 at 14:07 | Source: FirstPost

Riding on the back of a firm opening, benchmark Sensex advanced further in the noon trade surpassing the 27,700-mark as robust buying continued in banking and realty shares amid growing optimism amongst investors that talks between debt-ridden Greece...

Sensex spurts 220 points taking cues from Asian shares; banking in spotlight

Jun 22, 2015 at 10:55 | Source: FirstPost

Domestic equities made a firm start to the week in early Monday trade, as investors drew comfort from the rise in other Asian indices in an otherwise uncertain market sentiment, dealers said. Asian shares were up on hopes that Greece could strike a s...

Sensex above 27,000-mark as Reliance Industries lead the march

Jun 18, 2015 at 10:50 | Source: FirstPost

Local shares were in the thick of action in early trade with benchmark Sensex edging past the 27,000-mark after a firm opening, as investors took cues from positive close in the US markets and stepped up value buying in beaten-down stocks followingth...

Falling market share, not Rajan or Jaitley, will force banks to cut lending rates

Jun 15, 2015 at 11:51 | Source: FirstPost

Mumbai: After the 2 June monetary policy announcement, several banks have announced a reduction in their base rates, or minimum lending rates, by up to 25 basis points, thus making the average base rate in the banking industry now around 10 percent. ...

Sensex ends up 54 pts, but extends losing streak for third straight week

Jun 12, 2015 at 16:52 | Source: FirstPost

Equity markets concluded the last trading session of the week on a positive note, albeit with modest gains in a session marked by volatility, as a firm European markets opening coupled with recovery in local banking shares helped key benchmark indice...

Sensex plunges 470 pts as monsoon woes resurface, Nifty ends below 8,000

Jun 11, 2015 at 16:25 | Source: FirstPost

Domestic concerns once again came back to haunt the local equity markets as worries over delay in monsoon resurfaced pulling down the benchmark Nifty below the crucial 8,000 mark while investors took a swipe at banking shares.Today's free fall in mar...

A Mallya case study: Judiciary shouldn't play spoilsport when banks deal with crony-raj

Jun 11, 2015 at 14:10 | Source: FirstPost

On 5 January 2012, Pratip Chaudhary, then chairman of State Bank of India told reporters in Delhi something that was long-rumoured in banking industry circles -- Kingfisher Airlines has defaulted loan repayments to several banks. The account is now a...

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