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Sensex, Nifty close at record highs; SBI among biggest gainers

Sensex, Nifty close at record highs; SBI among biggest gainers

Rediff.com15 Jul 2024

Among Sensex shares, State Bank of India, NTPC, UltraTech Cement, Mahindra & Mahindra, Bajaj Finance, Tata Motors, Maruti and ITC were the biggest winners. On the other hand, Asian Paints, Tata Steel, Axis Bank, JSW Steel, Tech Mahindra and Tata Consultancy Services were among the laggards.

Toyota's 1st electric-SUV to roll out from Maruti's stable

Toyota's 1st electric-SUV to roll out from Maruti's stable

Rediff.com4 Nov 2024

After a successful tie up in traditional ICE and strong hybrid models, Suzuki and Toyota are now set to take their partnership to the next level: the electric vehicle segment. Both the Japanese auto giants recently announced a plan to produce Suzuki eVX-based SUV which will be sold under Toyota brand across the globe. This electric SUV, bearing Toyota's logo, will go for production at Suzuki Motor Group (SMG) facility in Hansalpur, Gujarat beginning the spring of 2025, marking the first EV launch for both companies in India.

Sensex tanks by 400 points on weak global cues

Sensex tanks by 400 points on weak global cues

Rediff.com17 Feb 2021

Equity benchmark Sensex slumped 400 points on Wednesday tracking losses in index majors HDFC twins, Kotak Bank and TCS amid a weak trend in global markets.

Manufacturing activity falls to 8-month low in Oct

Manufacturing activity falls to 8-month low in Oct

Rediff.com1 Nov 2023

The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) slipped from 57.5 in September to 55.5 in October, the slowest rate of expansion since February. The October PMI data pointed to an improvement in overall operating conditions for the 28th straight month.

Markets tank for 5th session; Sensex tanks 536 points

Markets tank for 5th session; Sensex tanks 536 points

Rediff.com28 Jan 2021

HUL was the top loser in the Sensex pack, shedding around 4 per cent, followed by Maruti, HDFC Bank, PowerGrid, IndusInd Bank, HCL Tech and Bajaj Finserv. On the other hand, Axis Bank, SBI, ONGC and ICICI Bank were among the gainers. NSE Nifty fell 149.95 points to 13,817.55.

C S Setty: SBI's New Boss

C S Setty: SBI's New Boss

Rediff.com1 Jul 2024

'You will see him frequently asking customers -- especially retail -- about service experience, pain points, areas of improvement and suggestions.'

Gold slips from record on weak global trend; down by Rs 230

Gold slips from record on weak global trend; down by Rs 230

Rediff.com9 Dec 2011

Gold on Friday fell from the all-time high level it hit in the previous session, by losing Rs 230 to Rs 29,310 per 10 grams on heavy sell-off by stockists, driven by a sharp fall in global markets.

India's manufacturing sector continues with robust performance in Nov

India's manufacturing sector continues with robust performance in Nov

Rediff.com1 Dec 2023

India's manufacturing sector continued with its robust performance in November, mainly on the back of substantial easing in price pressures and strengthening demand from clients, a monthly survey said on Friday. The strong performance of the manufacturing sector is expected to continue in 2024 as well. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) rose to 56 last month from the eight-month low level of 55.5 recorded in October.

Sensex, Nifty decline after 2-day rally as US markets tumble

Sensex, Nifty decline after 2-day rally as US markets tumble

Rediff.com19 Jan 2023

Equity benchmarks declined on Thursday after a two-day rally, mirroring a weak trend in the US markets and fresh foreign fund outflows. Weak US consumer data and hawkish comments from the Fed's policymakers dragged markets lower. The 30-share BSE Sensex dropped 187.31 points or 0.31 per cent to settle at 60,858.43.

Markets snap 4-day rally; auto, bank stocks fall

Markets snap 4-day rally; auto, bank stocks fall

Rediff.com8 Jun 2023

Kotak Mahindra Bank was the biggest loser in the Sensex pack, sliding 2.68 per cent, followed by Tech Mahindra, Mahindra & Mahindra, Axis Bank, Hindustan Unilever, Tata Motors, Tata Consultancy Services, Bajaj Finserv, Bajaj Finance, Nestle and Titan. In contrast, NTPC, Power Grid, Larsen & Toubro, HDFC, Reliance and HDFC Bank were the gainers.

Money Courses To Help Earn Up To Rs 2 Cr

Money Courses To Help Earn Up To Rs 2 Cr

Rediff.com13 Sep 2024

Pratham Barot, CEO and co-founder, Zell Education, explains how specialised courses in finance can help you earn a cushy six-figure salary.

Equities extend slide on global sell-off; Sensex sheds 310 points

Equities extend slide on global sell-off; Sensex sheds 310 points

Rediff.com5 Feb 2018

The 50-share NSE Nifty settled lower by 94.05 points, or 0.87 per cent, at 10,666.55 after shuttling between 10,586.80 and 10,702.75.

India asks for $55-million funding in first call with Pandemic Fund

India asks for $55-million funding in first call with Pandemic Fund

Rediff.com30 May 2023

In a significant development, India is believed to have placed a funding request of around $55 million in its first call with the Pandemic Fund of the World Bank, sources said. The fund has been set up to finance critical investments in a bid to strengthen pandemic prevention, preparedness, and response capacities at national, regional, and global levels, with a focus on low- and middle-income countries. It was created in the aftermath of the Covid-19 global pandemic.

Investor wealth plunges Rs 2.55 lakh cr as stocks crash

Investor wealth plunges Rs 2.55 lakh cr as stocks crash

Rediff.com3 Sep 2019

From the 30-share basket, 28 scrips suffered losses. Over 200 stocks were at their 52-week low in Tuesday's trade.

Sensex rallies 599 pts on buying in banking, auto shares

Sensex rallies 599 pts on buying in banking, auto shares

Rediff.com19 Apr 2024

From the Sensex basket, Bajaj Finance, Mahindra & Mahindra, HDFC Bank, JSW Steel, Maruti, Wipro, Bharti Airtel, Bajaj Finserv, ICICI Bank and ITC were the major gainers. Nestle India, HCL Technologies, Larsen & Toubro, Tata Consultancy Services, Tata Motors and Infosys were among the laggards.

Rediff appoints Infibeam's Vishal Mehta as CMD

Rediff appoints Infibeam's Vishal Mehta as CMD

Rediff.com3 Oct 2024

Rediff.com, one of India's pioneering internet companies, on Tuesday announced the appointment of Mr Vishal Mehta as its new Chairman and Managing Director. This key leadership change follows Infibeam Avenues Ltd's acquisition of a majority stake in Rediff.com.

Positive global cues keep markets firm

Positive global cues keep markets firm

Rediff.com30 Jul 2012

Markets continue to trade on a strong note in the late morning deals on the back of positive global cues and buying visible in the banking and capital goods stocks ahead of the Reserve Bank of India's (RBI) policy review which is due on Tuesday.

Sensex hits 63K for first time; Nifty ends at fresh high

Sensex hits 63K for first time; Nifty ends at fresh high

Rediff.com30 Nov 2022

Benchmark BSE Sensex settled above the 63,000-level for the first time on Wednesday, extending its winning momentum to seventh day amid a largely positive trend in global markets and continuous foreign fund inflows.

7-day market rout ends; Sensex gains 480 points

7-day market rout ends; Sensex gains 480 points

Rediff.com3 Mar 2020

Top gainers in the Sensex pack included Sun Pharma, Tata Steel, ONGC, UltraTech Cement, NTPC and PowerGrid.

Indian Parents Risk Savings For Child's Education

Indian Parents Risk Savings For Child's Education

Rediff.com12 Sep 2024

For Indian parents, sending a child abroad for a three-year degree could deplete 48% of their retirement savings, while a four-year degree may consume up to 64%.

2 factors that will drive markets the next five days

2 factors that will drive markets the next five days

Rediff.com6 Dec 2020

Sentiment in the market will also be guided by other major market movers like trend in the rupee, Brent crude and foreign capital flows.

Stock markets rally for 3rd day; Sensex ends up 345 points

Stock markets rally for 3rd day; Sensex ends up 345 points

Rediff.com29 May 2023

From the Sensex pack, Mahindra & Mahindra climbed 3.71 per cent after the company reported an 18 per cent jump in its consolidated profit for the March quarter and the highest-ever annual profit of Rs 10,282 crore in FY23. Titan, Tata Steel, HDFC, UltraTech Cement, State Bank of India, ITC, IndusInd Bank, NTPC, HDFC Bank and Bajaj Finserv were the other major gainers. HCL Technologies, Power Grid, Maruti, Wipro, Tata Consultancy Services, ICICI Bank, Infosys, Tech Mahindra and Hindustan Unilever were the laggards.

India's exports marginally up; trade deficit narrows

India's exports marginally up; trade deficit narrows

Rediff.com16 Oct 2024

Snapping the two months slide, the country's merchandise exports rose marginally by 0.5 per cent to $34.58 billion in September while trade deficit narrowed to $20.78 billion. According to official data released on Wednesday, imports increased by 1.6 per cent to $55.36 billion in September compared to $54.49 billion in the year-ago period. The trade deficit, or the gap between imports and exports, was $20.8 billion during the same month last year.

Sensex breaches 81K, Nifty scales 24,800 peak

Sensex breaches 81K, Nifty scales 24,800 peak

Rediff.com18 Jul 2024

Bajaj Finserv, Infosys, Mahindra & Mahindra, Tech Mahindra, Hindustan Unilever, State Bank of India and HCL Technologies were the biggest gainers. On the contrary, Asian Paints, JSW Steel, NTPC and Adani Ports were among the laggards.

Selling in banking, auto shares pull BSE, NSE down by over 1%

Selling in banking, auto shares pull BSE, NSE down by over 1%

Rediff.com3 Oct 2022

Key stock indices Sensex and Nifty declined over 1 per cent at close on Monday due to heavy selling in banking, auto and FMCG shares amid weak global market trends and continued foreign fund outflows. Reversing its previous session's gains, benchmark BSE Sensex tumbled 638.11 points or 1.11 per cent to settle at 56,788.81. During the day, it tanked 743.52 points or 1.29 per cent to 56,683.40. The broader NSE Nifty fell by 207 points or 1.21 per cent to end at 16,887.35 as 42 of its constituents declined.

'India Needs More Than 2 Airlines'

'India Needs More Than 2 Airlines'

Rediff.com6 Aug 2024

'Just look at China: They have five or six major airlines and some smaller ones.'

Analysts turn cautious on Asian markets; India remains an outlier

Analysts turn cautious on Asian markets; India remains an outlier

Rediff.com30 Aug 2023

The 55 basis point (bps) spike in the US 10-year bond yield, triggered by a combination of FOMC's hawkish commentary and BOJ's relaxation of the yield control curve (YCC) has made analysts cautious on Asian equities and expect them to trade sideways in the short-to-medium term.

How TCS Rewarded Investors In 20 Years

How TCS Rewarded Investors In 20 Years

Rediff.com26 Aug 2024

TCS's mcap crossed $100 billion in 2018, 13.5 years after the IPO. It took only four more years to double its mcap to $200 billion.

Sensex, Nifty retreat from early highs to end flat

Sensex, Nifty retreat from early highs to end flat

Rediff.com30 Aug 2023

Among the main gainers were Jio Financial Services which jumped 4.99 per cent, Tata Steel (2.09 per cent), Maruti Suzuki (1.87 per cent), M&M (1.31 per cent) and Infosys (1.19 per cent).

JP Morgan's inclusion of India to emerging market debt index may boost G-secs

JP Morgan's inclusion of India to emerging market debt index may boost G-secs

Rediff.com24 Oct 2023

India's inclusion in JP Morgan's bond index can channel billions of dollars into India. How will the government securities market handle it?

Sensex gains 55 points to close at over 1-month high

Sensex gains 55 points to close at over 1-month high

Rediff.com14 Sep 2017

The broader Nifty closed higher by 7.30 points

Sensex revisits 66K; Nifty surges 116 points

Sensex revisits 66K; Nifty surges 116 points

Rediff.com7 Sep 2023

From the Sensex pack, Larsen & Toubro jumped 4.26 per cent to emerge as the biggest gainer, followed by IndusInd Bank, Tech Mahindra, State Bank of India, HCL Technologies, Power Grid, NTPC, Axis Bank, Kotak Mahindra Bank, HDFC Bank and Wipro. Mahindra & Mahindra, Infosys, UltraTech Cement and Hindustan Unilever were the major laggards.

Markets halt 3-day rally; Sensex falls 359 points

Markets halt 3-day rally; Sensex falls 359 points

Rediff.com31 May 2022

Equity benchmarks declined on Tuesday after a three-day rally, with the Sensex falling 359.33 points amid selling in index majors HDFC, Reliance Industries and Infosys. Investors were cautious ahead of release of GDP data, while a jump in crude oil prices also weighed on market sentiment, traders said. The 30-share BSE Sensex went lower by 359.33 points or 0.64 per cent to settle at 55,566.41.

Sensex rallies 350 points to reclaim 63,000-mark

Sensex rallies 350 points to reclaim 63,000-mark

Rediff.com7 Jun 2023

From the Sensex pack, Nestle, Tata Steel, Tata Motors, Bharti Airtel, Larsen & Toubro, Power Grid, NTPC, Tata Consultancy Services, Tech Mahindra, Infosys and Axis Bank were the major gainers. Kotak Mahindra Bank, Maruti, Bajaj Finance, Mahindra & Mahindra and ICICI Bank were the laggards.

Markets halt four-day rally; Sensex ends down 327 points

Markets halt four-day rally; Sensex ends down 327 points

Rediff.com2 Nov 2022

Benchmark indices ended lower on Wednesday after a four-day rally amid a mixed trend in global equity markets. After a positive beginning, the 30-share BSE Sensex failed to hold on to the gains and ended 215.26 points or 0.35 per cent lower at 60,906.09. During the day, it slipped 326.96 points or 0.53 per cent to 60,794.39.

Will sub-par monsoon dent market sentiment?

Will sub-par monsoon dent market sentiment?

Rediff.com22 Apr 2023

While weather forecasters remain divided on how the monsoons will play out in India over the next few months, analysts believe the news at the current juncture - at best - can trigger a knee-jerk reaction in the markets. They believe it is too early to say whether the sub-par monsoon on account of El Nino can seriously dent the market sentiment in the short-to-medium term. "These are just initial forecasts and we will have another round / status update from the weather forecasters a month down the line.

Sensex gains 126 points in volatile trade

Sensex gains 126 points in volatile trade

Rediff.com3 Jan 2023

Equity benchmarks ended with gains on Tuesday amid a largely firm trend in global markets after facing bouts of volatility during the session. The 30-share BSE Sensex climbed 126.41 points or 0.21 per cent to settle at 61,294.20. During the day, it hit a high of 61,343.96 and a low of 61,004.04.

Sebi rejects NSE's proposal to extend trading hours

Sebi rejects NSE's proposal to extend trading hours

Rediff.com7 May 2024

Capital markets regulator Sebi has rejected a proposal by the National Stock Exchange (NSE) to extend the trading hours in the equity derivatives segment citing a lack of feedback from the stock brokers community. "Currently, there is no plan to extend the timings as Sebi has returned our application as the stock brokers have not given the feedback that Sebi wanted. "So, as of now, the extended time frame (plan) is shelved," NSE MD and CEO Ashishkumar Chauhan said in a post-earnings analysts call.

Sensex jumps 418 points to 6-month high

Sensex jumps 418 points to 6-month high

Rediff.com13 Jun 2023

From the Sensex pack, ITC, Titan, Asian Paints, Reliance, Tata Steel, Bajaj Finserv, Axis Bank, Hindustan Unilever, Infosys, Bajaj Finance, Nestle and ICICI Bank were the major gainers. Kotak Mahindra Bank, Mahindra & Mahindra, HCL Technologies, State Bank of India, Bharti Airtel and Tata Motors were among the laggards.

What does Fitch downgrade of US credit rating to AA+ mean for the markets?

What does Fitch downgrade of US credit rating to AA+ mean for the markets?

Rediff.com10 Aug 2023

Rating agency Fitch on Tuesday downgraded the US government's top credit rating to AA+ from AAA, citing fiscal deterioration over the next three years and repeated debt ceiling negotiations. The development caused a flutter across equity markets, with most leading frontline global equity indices trading weak. Back home, the S&P BSE Sensex and the Nifty50 lost over 1 per cent each in intra-day deals to hit a low of 65,751.53 and 19,517.55 levels, respectively.