Mumbai, June 4 (IANS) Domestic equity markets opened lower on Thursday, tracking weak global cues amid geopolitical uncertainty in West Asia and selling pressure across the US and Asian equities.Sensex opened at 73,935.83, down 0.55 per cent or 410 points, while Nifty fell over 100 points or 0.5 per cent.Sectoral indices, Nifty Realty declined 0.67 per cent, Nifty IT was down 0.53 per cent. Similarly, pharma and healthcare indices decreased by up to 0.5 per cent.In contrast, Nifty Consumer Durab…
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Mumbai, May 31 (IANS) The combined market valuation of seven of India’s 10 most-valued companies declined by Rs 1.54 trillion during the holiday-shortened trading week.During the week, the Sensex fell 639.61 points, or 0.84 per cent, while the Nifty slipped 171.55 points, or 0.72 per cent, as investors remained cautious amid market volatility.Commenting on Nifty technical outlook, experts said that on the upside, immediate resistance levels are placed at 23,900 and 24,100. On the downside, suppo…
Mumbai, May 29 (IANS) Domestic equity markets traded marginally higher in morning trade on Friday as investors and traders closely monitor developments in West Asia and await clarity on a potential extension of the US-Iran ceasefire.Sensex rose as much as 352 points or 0.46 per cent to touch an intraday high of 76,220 in early deals, while Nifty traded around 100 points or 0.40 per cent higher at 24,002.Sectorally, information technology stocks led the gains with Nifty IT rising over 2 per cent,…
Mumbai, May 27 (IANS) HDFC Bank on Wednesday dismissed allegations linked to alleged payment irregularities involving Rs 45 crore, saying assumptions of wrongdoing based on selective material were misplaced and that all matters are handled in accordance with established internal processes.The private lender asserted that the bank follows robust internal oversight, audit and control processes.“We strongly reject any assumptions of wrongdoing or culpability based on selective material. All issue…
Mumbai, May 27 (IANS) Domestic equity markets traded on a muted note in early deals on Wednesday amid mixed global cues and a decline in crude oil prices.Sensex was trading at 76,050, up 40 points or 0.05 per cent in the morning session, while Nifty rose 20 points or 0.08 per cent to 23,932. Earlier, the benchmark indices opened at 75,939.86 and 23,880.35, respectively.Among sectoral indices, Nifty Metal emerged as the top gainer, climbing 1.59 per cent, followed by Nifty Cement, which advanced …
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 24 (IANS) The combined market valuation of six of the country’s top-10 most valued companies increased by Rs 74,111.57 crore last week, led by gains in ICICI Bank, Tata Consultancy Services (TCS), Life Insurance Corporation of India (LIC), Bajaj Finance and Larsen & Toubro amid a positive trend in equities.During the week, the BSE benchmark index rose by 177.36 points, or 0.23 per cent.Among the top-10 valued firms, ICICI Bank, TCS, Bajaj Finance, Larsen & Toubro and LIC em…
Mumbai, May 24 (IANS) State-owned Life Insurance Corporation of India (LIC) has emerged as the highest profit-making company in India’s financial sector during the January-March quarter of FY26, reporting a net profit of over Rs 23,400 crore.The insurance giant also retained its top position among Central Public Sector Enterprises (CPSEs) in terms of quarterly profit during the fourth quarter of FY26.LIC last week reported a 23 per cent rise in consolidated net profit to Rs 23,420 crore for th…
New Delhi, May 22 (IANS) The Securities and Exchange Board of India (SEBI) has reportedly introduced a ‘one‑day‑a‑week work‑from‑home option’ for its junior employees a fortnight after Prime Minister Narendra Modi’s appeal for remote work to conserve energy.The market regulator is also considering postponing internal events to cut non‑essential travel and hotel costs as part of its effort to tackle the inflationary fallout of the US-Iran war, a report from NDTV Profit said citing s…
New Delhi, May 18 (IANS) India’s current account deficit (CAD) is likely to be about 2.1 per cent of GDP for FY27, assuming an oil average of $85 per barrel, a report said on Monday.The report from HDFC Bank said elevated crude and a closed Strait of Hormuz pose upside risks to forecast, adding that the recent gold import compression measures could provide some offset.The bank said that raising import duty to curb gold imports could trim the deficit, estimating a 20 per cent decline in gold vo…