Mumbai, June 1 (IANS) Benchmark equity indices ended sharply lower on Monday, dragged down by losses in FMCG, PSU banking, auto and realty stocks, even as investors monitored developments surrounding a potential diplomatic breakthrough between the United States and Iran.The Nifty settled at 23,382.60, declining 165.15 points, or 0.7 per cent, while the Sensex fell 508.40 points, or 0.68 per cent, to close at 74,267.34.Commenting on Nifty technical outlook, experts said that the 23,500 level is l…
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Mumbai, May 19 (IANS) Indian benchmark equity indices erased their intra-day gains and closed lower on Tuesday as weakness in banking, financial and metal stocks weighed on investor sentiment.The Sensex declined 114.19 points, or 0.15 per cent, to close at 75,200.85. The Nifty settled 31.95 points, or 0.14 per cent, lower at 23,618.Commenting on Nifty technical outlook, experts said that a sustained move above the 23,700–23,800 region will be essential to strengthen recovery momentum toward th…
Mumbai, May 19 (IANS) Domestic equity markets traded higher on Tuesday in early trade amid hopes of a de-escalation in the West Asia conflict after US President Donald Trump indicated a possible nuclear deal with Iran.Sensex rose as much as 368 points or 0.48 per cent to hit an intraday high of 75,683 in morning trade, while Nifty was trading at 23,758, up 110 points or 0.45 per cent.Sectorally, IT stocks led the gains, with the Nifty IT index surging 4 per cent. Similarly, the Nifty MidSmall IT…
Mumbai, May 12 (IANS) Union Labour and Employment Minister Mansukh Mandaviya on Tuesday said the government’s approach towards economic growth is focused on balancing the interests of the poor, farmers, industry and labour, while stressing that industry and workers must move together for India’s long-term development.Speaking at the Special Plenary VII on Next-Gen Labour Reforms during the CII Annual Business Summit 2026 here, Mandaviya said the government is committed to creating a growth m…
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 4 (IANS) Indian equity benchmarks ended higher on Monday but pared early gains to close off the day’s highs, as weakness in IT and banking stocks weighed on sentiment amid volatility linked to ongoing election results.The Sensex rose 356 points, or 0.46 per cent, to settle at 77,269.40, while the Nifty gained 121.75 points, or 0.51 per cent, to close at 24,119.30.Commenting on Nifty technical outlook, experts said that from a derivatives perspective, the structure remains clearly d…
Mumbai, May 4 (IANS) Indian equity benchmarks opened on a strong note on Monday, with indices gaining 1 per cent each in the morning trade, aided by softer crude oil prices amid indications of easing tensions in West Asia amid early Assembly election trends in key states.Sensex surged as much as 833 points or 1.08 per cent to hit an intraday high of 77,746.79 in early deals, while Nifty touched 24,245.85, up 250 points or 1.03 per cent.On the sectoral front, buying interest was seen across auto,…
New Delhi, April 30 (IANS) Federal Bank on Thursday said its board has approved a plan to acquire a select portfolio of retail credit cards from Standard Chartered Bank’s India unit.However, the transaction value has not been disclosed in the regulatory filing.Federal Bank said its board, at a meeting held on April 30, cleared the proposal to enter into a deed of assignment (DOA) with Standard Chartered Bank, India (SCB India).The agreement will enable the bank to take over a portion of SCB In…
Ahmedabad, April 27 (IANS) Around 50 people trapped inside a commercial complex in Ahmedabad were rescued in a coordinated emergency operation on Monday after a fire broke out at Shangrila Arcade near Shyamal Crossroads, with officials crediting the swift response for preventing casualties.The incident was reported at around 10.15 a.m., prompting multiple teams from the Ahmedabad Fire and Emergency Services to rush to the site.Thick smoke quickly spread through the building as flames rose from t…
Chandigarh, April 23 (IANS) The ED seized sale purchase agreements and various incriminating documents during raids at 12 premises located in Chandigarh, Panchkula, Zirakpur, Dera Bassi and Rajpura (Patiala) in connection with Kotak Mahinda bank-cum-Municipal Corporation Panchkula Fraud Case, an official said on Thursday. The Directorate of Enforcement (ED), Chandigarh Zonal Office, conducted the searches under the Prevention of Money Laundering Act (PMLA), 2002, on Wednesday, said the official …