Mumbai, May 20 (IANS) Indian stock markets opened lower on Wednesday, mirroring weak global cues from the US and Asian markets amid rising bond yields and geopolitical tensions in West Asia.Sensex opened at 74,806.49, down 394.36 points or 0.52 per cent, while Nifty began the session at 23,457.25, slipping 160.75 points or 0.68 per cent.Later in the morning trade, the 30-share index declined as much as 671 points or 0.89 per cent to hit an intraday low of 74,529. Similarly, the Nifty fell 220 po…
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Mumbai, May 17 (IANS) The combined market valuation of nine of the country’s top-10 most valued companies declined by Rs 3.12 lakh crore last week amid a sharp sell-off in domestic equities triggered by rising geopolitical tensions, weakness in the rupee, and surging crude oil prices.The broader market sentiment remained under pressure as the 30-share Sensex plunged 2,090.2 points, or 2.7 per cent, during the week, while the Nifty dropped 532.65 points, or 2.2 per cent.Among the top-10 valued …
New Delhi, May 14 (IANS) In a major breakthrough, the ER-II unit of the Delhi Police Crime Branch on Thursday has arrested a proclaimed offender and alleged serial property fraudster accused of cheating multiple victims of more than Rs 1 crore through fraudulent dealings. The accused, identified as Majahar Khan, son of Idrish Khan and a resident of Yamuna Vihar in North-East Delhi, had been absconding for the past seven months. Khan, aged 44, is a qualified BDS and MDS doctor and was popularly k…
Ahmedabad, May 12 (IANS) The Ahmedabad Cyber Crime Branch has arrested two members of an interstate cyber fraud gang involved in a “digital arrest” scam in which a senior citizen woman was cheated of Rs 55.50 lakh after being impersonated and coerced through fabricated legal threats and forged official communications. According to police, the case was registered at Cyber Crime Police Station under various sections of the Bharatiya Nyaya Sanhita, 2023, including Sections 338, 336(3), 340(2…
New Delhi, May 12 (IANS) The Central Bureau of Investigation (CBI) has unearthed an alleged nexus between a real estate developer and bank officials in a major homebuyers fraud case and filed its eighth charge sheet in connection with the matter, an official statement said on Tuesday.The charge sheet has been filed against M/s Logix City Developers Pvt. Ltd., its Directors, and officials of ICICI Bank and HDFC Bank for their alleged involvement in a criminal conspiracy linked to a housing projec…
Mumbai, May 12 (IANS) Indian equity benchmarks traded sharply lower on Tuesday for the second consecutive day in morning trade, with both indices declining around 0.5 per cent amid geopolitical tensions.Sensex declined as much as 0.62 per cent or 474 points to trade at an intraday low of 75,541 in early trade, while Nifty was seen trading at 23,689, down 0.53 per cent or 126 points from the previous close.Sector-wise, IT, chemicals, realty, cement and financial indices were among the top losers,…
Mumbai, May 10 (IANS) Amid a range-bound trend in equities, the combined market valuation of four of the top-10 most valued firms eroded by more than Rs 1 lakh crore last week, with State Bank of India emerging as the biggest laggard.During the week, the benchmark Sensex gained 414.69 points or 0.53 per cent, while the Nifty advanced 178.6 points or 0.74 per cent.Among the top-10 valued companies, Bharti Airtel, State Bank of India (SBI), Tata Consultancy Services (TCS) and Larsen & Toubro (…
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 stock markets traded on a cautious note Friday, with benchmark indices declining 0.7 per cent each in the morning session as renewed hostilities between the United States and Iran strained a fragile ceasefire and rattled investor sentiment globally.Sensex fell as much as 0.71 per cent or over 500 points to hit an intraday low of 77,291.72 in early trade, while Nifty slipped by 168 points or 0.69 per cent to 24,158.15.Among sectoral indices, Nifty Private Bank, Nifty P…
New Delhi, May 6 (IANS) The Central Bureau of Investigation (CBI) has filed a chargesheet in a major homebuyers fraud case, unearthing an alleged nexus between builders, bank officials and proxy buyers that led to significant financial losses for both financial institutions and innocent homebuyers.According to CBI, the chargesheet has been filed against M/s AVJ Developers (India) Pvt Ltd, M/s AVJ Developers Pvt Ltd, M/s Kesar Builders Pvt Ltd, their Directors, and certain bank officials associat…