Mumbai, June 10 (IANS) Indian benchmark indices ended on a mixed note on Wednesday, with the Sensex closing marginally higher while the Nifty slipped into the red as selling pressure in metal, PSU bank and realty stocks erased a large part of the day’s gains.The Sensex rose 64.42 points, or 0.09 per cent, to close at 73,983.18. The Nifty, however, slipped 27.15 points, or 0.12 per cent, to settle at 23,214.95.Commenting on Nifty technical outlook, experts said that the 23,250–23,300 zone conti…
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Bhubaneswar, June 9 (IANS) The Crime Branch of Odisha Police has apprehended two accused from Delhi and Uttarakhand for their alleged involvement in a Rs 1.38-crore “digital arrest” cyber fraud case targeting a Bhubaneswar-based victim, said a senior Crime Branch official on Tuesday. The case was registered following a complaint filed by a Bhubaneswar resident who was duped by fraudsters posing as Mumbai Cyber Crime officials. The accused allegedly informed the victim that his Aadhaar number…
New Delhi, June 5 (IANS) In a significant development, seasoned economist Neelkanth Mishra has been appointed as India’s Executive Director at the World Bank. The appointment, approved by the Appointments Committee of the Cabinet (ACC), will be for a tenure of three years at the World Bank headquarters in Washington, DC.Mishra will take charge from Parameswaran Iyer, whose tenure has been extended until Mishra assumes office. He is a part-time member of the Economic Advisory Council to the Prime…
Mumbai, June 3 (IANS) Domestic equities traded lower on Wednesday following fresh escalation in tensions between the US and Iran, with benchmark indices declining up to 1 per cent during morning trade.Sensex fell as much as 816 points or 1.09 per cent to hit an intraday low of 73,833 in early trade. Similarly, Nifty declined 200 points or 0.86 per cent to touch an intraday low of 23,280.Sectoral indices traded largely in the red, with technology stocks emerging as the biggest drag. Nifty IT slum…
Mumbai, June 2 (IANS) Indian benchmark indices ended higher on Tuesday, supported by gains in information technology, metal, and consumer durable stocks, even as investors remained cautious ahead of key trade negotiations between India and the United States.The Nifty settled 100.95 points, or 0.43 per cent, higher at 23,483.55, while the Sensex advanced 382.50 points, or 0.52 per cent, to close at 74,649.84.Commenting on Nifty technical outlook, experts said that the 23,500–23,550 region remai…
Mumbai, May 24 (IANS) Indian equity benchmark indices ended higher on Friday, with analysts on Sunday said that they are expecting the Nifty to test the crucial 24,000 resistance mark next week, while the Sensex may face hurdles near the 76,000 zone amid persistent global uncertainty and volatile crude oil prices. Experts said the market is showing signs of gradual recovery, supported by gains in heavyweight banking stocks, although inflation concerns and geopolitical tensions continue to keep i…
Mumbai, May 22 (IANS) The domestic benchmark indices ended higher on Friday, supported by a sharp appreciation in the Indian rupee against the US dollar and gains in banking and financial services stocks.The Nifty rose 64.60 points, or 0.27 per cent, to close at 23,719.30, while the Sensex gained 231.99 points, or 0.31 per cent, to settle at 75,415.35.Commenting on Nifty technical outlook, experts said that on the downside, immediate support is placed at 23,600, below which the index may drift t…
Mumbai, May 13 (IANS) Domestic equity markets opened flat on Wednesday amid mixed global cues and a decline in oil prices.Sensex was trading at 74,567, up 8 points or 0.01 per cent, while the Nifty was at 23,387, gaining 8 points or 0.03 per cent. Earlier in the day, the benchmark indices opened at 74,439.34 and 23,362.45, respectively.Among sectoral indices, Nifty IT and Nifty Media were the top losers, while Nifty Metal, Nifty FMCG and Nifty Chemicals emerged as the top gainers.Eicher Motors, …
New Delhi, May 8 (IANS) Leadership uncertainty at HDFC Bank has emerged as a key overhang for India’s banking sector, with brokerage firm Jefferies saying the controversy has disrupted benchmark valuations and capped rerating potential across banking stocks despite healthy fundamentals.In a note, the brokerage said investor sentiment toward the banking space has been weighed down by uncertainty surrounding HDFC Bank’s top management transition, along with geopolitical tensions in West Asia. …
Mumbai, May 8 (IANS) Indian benchmark indices ended lower on Friday as renewed tensions between the United States and Iran dampened investor sentiment and triggered caution across sectors. The selloff was largely led by banking stocks, while gains in IT shares helped limit the downside.The Nifty ended 150.50 points or 0.62 per cent down at 24,176.15 and the Sensex ended 516.33 points or 0.66 per cent down at 77,328.19.Commenting on Nifty technical outlook, experts said that the 24,250–24,300 l…