Mumbai, May 14 (IANS) Nationalist Congress Party (SP) president Sharad Pawar on Thursday said that while his former colleagues Praful Patel and Sunil Tatkare are capable leaders, the current leadership of their party may have a different assessment of them.“I don’t have to comment on the happenings in the other party. But both Patel and Tatkare have worked with me for several years and have undertaken several responsibilities. Therefore, I know their capabilities very well. Maybe the leadershi…
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Mumbai, May 14 (IANS) Indian equity markets ended in the green for a second consecutive session on Thursday, with benchmark indices surging over 1 per cent each amid buying in pharmaceuticals, healthcare, metal and banking stocks and expectations of policy measures to address currency volatility.Sensex closed at 75,398.72, rising 789.74 points or 1.06 per cent, while Nifty settled 277 points or 1.18 per cent higher at 23,689.60. During intraday trade, the benchmarks jumped as much as 1.43 per ce…
Mumbai, May 14 (IANS) Domestic equity markets traded higher on Thursday despite elevated oil prices and geopolitical tensions, with benchmark indices rising up to 0.7 per cent amid buying in pharma and banking shares in early trade.Sensex rose as much as 462 points or 0.61 per cent to touch an intraday high of 75,071 in morning trade, while Nifty traded around 170 points or 0.72 per cent higher at 23,581.Sector-wise, buying interest was seen in pharma and healthcare, metals, chemicals, banking, …
New Delhi, May 11 (IANS) Gold and silver traded mixed on Monday amid heightened global uncertainty, with gold slipping into the red while silver remained in positive territory.On the Multi Commodity Exchange (MCX), gold futures for June 5 opened marginally lower by Rs 43 at Rs 1,52,487 per 10 grams against the previous close of Rs 1,52,530.Selling pressure intensified during the session, dragging the yellow metal down by Rs 638, or 0.41 per cent, to hit an intraday low of Rs 1,51,892 around 11 a…
Mumbai, May 10 (IANS) Investors are expected to remain cautious next week as escalating tensions between the US and Iran, rising crude oil prices, the ongoing March quarter earnings season, foreign fund outflows and rupee weakness are likely to dictate the direction of the Indian stock market.Benchmark indices extended losses for the second consecutive session on Friday, weighed down mainly by banking and financial stocks amid growing geopolitical uncertainty.The Sensex ended 516 points, or 0.66…
Mumbai, May 7 (IANS) Indian benchmark indices ended largely flat on Thursday after trading in a narrow range throughout the session, even as broader markets outperformed and auto stocks witnessed buying interest.The Nifty slipped 4.30 points, or 0.02 per cent, to close at 24,326.65, while the Sensex declined 114 points, or 0.15 per cent, to settle at 77,844.52.Commenting on technical outlook, experts said that technically, the 24,400–24,500 zone continues to act as an immediate resistance band…
Mumbai, May 5 (IANS) Indian equity benchmarks ended lower on Tuesday, as rising geopolitical tensions in West Asia weighed on investor sentiment, pulling down banking, realty, and oil and gas stocks.The Nifty slipped 86.50 points, or 0.36 per cent, to close at 24,032.80, while the Sensex declined 251.61 points, or 0.33 per cent, to settle at 77,017.79.The benchmarks erased gains from the previous session as selling pressure intensified through the day.Sectorally, banking, real estate, and oil an…
Mumbai, May 5 (IANS) Global crude oil prices declined sharply on Tuesday, falling up to 2 per cent despite a fresh escalation in West Asia, as the conflict entered its third month.The international oil benchmark Brent crude slipped 1.36 per cent to $112.88 per barrel, while US West Texas Intermediate (WTI) fell 2.34 per cent to $103.92 per barrel.On the domestic front, crude oil futures (June 18) on the Multi Commodity Exchange traded lower, down 1.12 per cent or Rs 109 at Rs 9,578.Prices eased …
Mumbai, April 27 (IANS) Indian equity benchmarks closed near the day’s high on improved investor sentiment after India-New Zealand FTA finalised in the national capital.The agreement which sealed in the presence of Commerce Minister Piyush Goyal and his New Zealand counterpart Todd McClay removes tariffs on 100 per cent of India’s exports to New Zealand, and either sharply reduces or removes tariffs on 95 per cent of the country’s imports from New Zealand.At the closing bell, the Nifty end…
Mumbai, April 24 (IANS) India’s foreign exchange reserves registered a $2.3 billion increase in the week ending April 17, according to data released by the Reserve Bank of India on Friday.The country’s forex reserves rose to reach $703.30 billion, the central bank said.The uptick comes after a period of sustained pressure on the reserves, largely driven by external factors and currency market interventions.India’s reserves had previously touched an all-time high of $728.494 billion in the …