The Nifty also traded in a narrow range on either side of the 5000 mark before closing abover the 5000 mark yet again. It ended at 5006, up 47 points. The market breadth was positive. Out of 2852 stocks traded on he BSE, there were 1,655 advancing stocks as against 1,111 declines.
While the M1 Group, which holds 9.8 per cent in MTN, today backed Bharti's bid, Singapore Telecommunications said it has no objection to the acquisition.
The US stocks slumped on Thursday on signs of further weakness in the housing sector.
The backing of the 16-member board on Tuesday sends the offer to the Bancroft family, which controls the majority voting shares of the company, for a final vote.
As the economy teeters between bad and worse, one question looms: What's the best course of action? Here's what can be done. And what can't
Surging oil prices are unlikely to restrain the strong economic growth in India and China, Haruhiko Kuroda, president, Asian Development Bank said.
How could we have been so wrong? Nothing but love for these tech moguls, then and now.
Call centres in India brought in extra staff and asked some to work overtime to answer a flood of inquiries to Britain's National Rail after a series of deadly bomb blasts hit London's transport network Thursday, officials said.
What should you do when the markets crash by as much as 1,500 points? Buy, sell, hold or add more to your long-term portfolio.
Even before the Wall Street the world's stock market hub in New York - opened on the 20th anniversary of the original Black Monday today, the domestic stock market's benchmark Sensex plunged over 438 points.
Indian stock market indices have climbed close to their all-time highs, even as key overseas indices such as the Dow Jones, FTSE 100 and Nikkei 225 are reeling under the sub-prime meltdown in the US.
With market regulator SEBI having no objection, leading mutual funds including UTI AMC are now awaiting Reserve Bank's nod to invest in the equity of Fortune-500 companies.
SpiceJet Ltd., an Indian budget airline, will likely to sell a foreign currency convertible bond worth $90 million by early September to raise money for more plane purchases, a company executive said Wednesday.
The market's sensitivity to the US Fed's balance sheet changes makes it vulnerable to the possible tapering of the bond buying programme and the resulting stagnation or even shrinkage in the balance sheet.
The NSE Nifty ended at 3545, up 54 points. The market breadth was fairly positive - out of 2,683 stocks traded, 1,654 advanced, 974 declined and 55 were unchanged on Tuesday.
They prefer foreign markets owing to comparatively lower margins than Indian exchanges.
Continuing population growth and development of a modern economy propelled by advanced technology is likely to push India's GDP past that of China by the middle of the century, according to economist Paul Erdman.
The Reserve Bank of India and the Securities and Exchange Board of India are considering a proposal for allowing Indian mutual funds to invest up to $1 billion in world's biggest companies through equity indices like Dow Jones Global Titans Index.
The US Fed also said that the unemployment rate too would rise to 5.7 per cent.
Raking up the issue of 1984 riots, Bharatiya Janata Party leader Arun Jaitley on Monday alleged that those guilty for the "state sponsored" violence still remain unpunished.
There's more to the US markets than a mere weak-dollar story.
The Sensex is holding on to its gains on steady gains in techs, PSUs and heavyweights, and is now up 32 points
The broader NSE Nifty closed below the 10,200-mark by slumping 99.85 points, or 0.98 per cent at 10,124.905.
The BSE Sensex overtook the famed Dow Jones Industrial Average when it hit an intra-day high of 11,157.75 on Wednesday.
L&T was the top loser in the Sensex pack, dropping 4.99 per cent, after the engineering major posted a 45 per cent decline in consolidated net profit for the September quarter. Titan, ONGC, Axis Bank, HUL, NTPC, M&M and HDFC were the other major laggards, shedding up to 3.32 per cent. NSE Nifty fell 58.80 points or 0.50 per cent to 11,670.80.
But Trump is about to announce his candidacy for president in 2024. And it is not clear if Florida Governor Ron DeSantis, the present hero of disenchanted Republicans, or Biden, who says he might seek re-election (but will decide in 2023), can checkmate Trump, notes Shreekant Sambrani.
From the BSE 30-share blue chip pack, 27 scrips ended with losses led by SBI and Tata Steel.
HCL Tech was the top gainer in the Sensex pack, rising over 4 per cent, followed by HDFC Bank, Infosys, NTPC, Nestle India, TCS and HUL. NSE Nifty surged 337.80 points to 14,845.10.
Technical fault was the reason behind it.
Sentiment got a leg-up after the Lok Sabha on Thursday gave its approval for Rs 80,000 crore recapitalisation bonds for strengthening public sector banks, traders said.
The broad-based Nifty slipped below the 8,600-level by losing 24.60 points, 0.28 per cent, to 8,590.65
Among major Sensex gainers, ITC rose the most by 2.32 per cent, followed by TCS, M&M, SBI and Bharti Airtel.
If you plan to send your child to the US five years from now and expect the rupee to depreciate five per cent every year, adding US funds to your portfolio might be a good idea, says Ashley Coutinho.
As per the new methodology, stocks must have an annualised traded value of at least Rs 1,000 crore for their inclusion in the BSE 100 index at each semi-annual rebalancing
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