Business
Top Stocks for Investors on April 20
The stock market with indications of opening in red on Tuesday, opened higher amid mixed global cues. The BSE Sensex was up 438.92 points or 0.92 percent at 48,388.34. While the Nifty50 was up 151.80 points or 1.06 percent at 14511.30. Top stock to look for the day: Tata...
Sensex Jumps Over 300 Pts in Early Trade; Nifty Reclaims 14,700 Level
After starting on a weak note, equity benchmark Sensex rebounded over 300 points in early trade on Tuesday, tracking gains in index heavyweights HDFC twins, Infosys and ICICI Bank. The 30-share BSE index pared its initial losses and rebounded 313.14 points or 0.64 per cent to 49,472.46, and the...
Sensex, Nifty End Marginally Higher After Choppy Trade Amid Second Covid Wave Concerns
Equity benchmarks Sensex and Nifty ended marginally higher on Tuesday, tracking high volatility amid concerns over the economic impact of the second wave of coronavirus infections in the country. After swinging around 646 points during the day, the 30-share BSE Sensex settled 42.07 points or 0.09 per cent higher...
India to Buy One-third Less Oil from Saudi Arabia
Indian refiners will buy less oil from Saudi Arabia next month as they snap up supplies outside of the Middle East as part of diversification drive amid weakening domestic fuel demand on the resurgence of COVID-19. State-owned Indian Oil Corporation (IOC) and three other refiners have sought just 65...
Adani Group Becomes 3rd Indian Conglomerate to Cross $100 Bn in M-cap
Billionaire Gautam Adani’s ports-to-energy conglomerate has become India’s third group to cross $ 100 billion in market capitalisation with shares of four of its six listed companies soaring to an all-time high on Tuesday. The total market cap of Adani Group’s six listed companies at the close of trading...
IMF Projects India’s Growth Rate to Jump to 12.5% in 2021 after Jittery Year amid Pandemic
IMF expects India’s GDP growth at 12.5% in 2021. It has projected the global economy to grow at six per cent in 2021 and 4.4% in 2022. The nation is set to regain tag of fastest growing economy. The Washington-based global financial institution, in its annual World Economic Outlook...
Top Stocks For Investors on April 19
The stock market on Friday, April 16, gave a flat ending. This was a positive closing for the third consecutive day. However, the indices on Monday, April 19, are expected to open lower as the SGX Nifty was trading at 165.50 points or 1.13 percent down at 14,476.00 at...
Rupee Slumps 52 Paise to 74.87 Against US Dollar in Early Trade
The Indian rupee slumped 52 paise to 74.87 against the US dollar in opening trade on Monday, amid fears that a rapid resurgence of COVID-19 cases in the country could disrupt the economic recovery. Besides, the heavy selloff in domestic equities also weighed on investor sentiment. At the interbank...
Oil Drops as Surging Covid-19 Infections Stoke Demand Concerns
Oil prices were lower on Monday as rising coronavirus infections in India and other countries prompted concerns that stronger measures to contain the pandemic will hit economic activity, along with demand for commodities such as crude. Brent crude was down 23 cents, or 0.3%, at $66.54 a barrel by...
Sensex Crashes Over 1,300 Points on Spiking Covid-19 Cases; Nifty Below 14,300
Equity benchmark Sensex crashed over 1,300 points in early trade on Monday, tracking massive across-the-board selloff as mounting COVID-19 cases spooked investor sentiment. The 30-share BSE index was trading 1,318.21 points or 2.70 per cent lower at 47,513.82. Similarly, the broader NSE Nifty tanked 394.90 points or 2.70 per...
Govt Approves Rs 4,500 Crore Credit to Serum Institute, Bharat Biotech
A woman holds a small bottle labeled with a “Vaccine COVID-19” sticker and a medical syringe. (REUTERS/Dado Ruvic/File Photo) The ministry has cleared a credit of Rs 3,000 crore for SII and Rs 1,500 crore for Bharat Biotech. The Finance Ministry on Monday gave in-principle nod to sanction supply...
Sensex Tanks 883 Points as Rising Covid Cases Spook Market; Nifty Below 14,400
Equity benchmark Sensex plummeted 883 points on Monday following a massive across-the-board selloff as mounting COVID-19 cases spooked domestic investors. After crashing over 1,469 points in early trade, the 30-share BSE index pared some initial losses but still ended 882.61 points or 1.81 per cent lower at 47,949.42. Similarly,...
State Bank Of India Issues Alert for Digital Transactions; Check Details Here
Amid the rising cases of coronavirus and economic uncertainty, several are losing their jobs and facing a financial crisis. Also, with everything going online, cases of cybercrimes and online frauds have also increased. Acknowledging the threat State Bank of India (SBI) has once again warned its 45 million customers...
Nirmala Sitharaman Tells India Inc Amid Covid Surge
Finance Minister Nirmala Sitharaman on Monday said she has taken inputs from various industry chambers on concerns of India Inc with regard to the management of COVID pandemic and the centre would continue to work with state governments to save lives and livelihood. She sought feedback from businesses to...
Rate Increases Marginally, Silver Remains Unchanged
Gold prices increased marginally in the country on Monday, April 19. According to Good Returns, for one gram of 22-carat gold, the rate rose by Re 1 as the cost stood at Rs 4,501 compared to Rs 4,500 on the previous day. The price of 10 grams of 22-carat-gold...
IMF Upgrades Global Growth Forecast 2021 to a Record 6%
The rollout of COVID-19 vaccines and vast sums of government aid will accelerate global economic growth to a record high this year in a powerful rebound from the pandemic recession, the International Monetary Fund says in its latest forecasts. The 190-country lending agency said Tuesday that it expects the...
Banks to Remain Shut on Wednesday For Ram Navami; Check List of Holidays In April
Banks in most parts of the country will remain shut on the occasion of Ram Navami on Wednesday, April 21. Rama Navami is considered as an important festival for people following the Hindu religion. The day is celebrated on the ninth day in the month of Chaitra, which is...
Bitcoin Slumps 14% to $51,541 As Pullback from Record Gathers Pace
Bitcoin, the world’s biggest cryptocurrency, fell as much as 14% to $51,541 on Sunday, reversing most of the big gains it made over the past week. Bitcoin was last trading down 10% at $53,991 as of 1320 GMT, a whopping $12,000 below record highs set on Wednesday. Smaller rival...
