Analysts say the sell-off in risky assets will be temporary and could be a buying opportunity for long-term investors.
The finance minister appears to be harking back to the seventies and eighties by prevailing on cement and steel manufacturers to hold the price line despite the hit they'll take on margins.
NSE Nifty ended at 4,403, down 59 points.
Tuesday's was the S&P's worst drop since August 24.
The US Fed also said that the unemployment rate too would rise to 5.7 per cent.
They prefer foreign markets owing to comparatively lower margins than Indian exchanges.
India has decided to put the process of bringing down duties on edible oil on the fast track to reach an early agreement with Asean for a Free Trade Agreement.
A stunning strike by Didier Drogba earned 10-man Chelsea a 1-0 victory over Liverpool on Sunday after the champions had Germany midfielder Michael Ballack dismissed for stamping
Surging oil prices are unlikely to restrain the strong economic growth in India and China, Haruhiko Kuroda, president, Asian Development Bank said.
India was the best performing wealth market globally in 2017 as its total wealth swelled from $6,584 billion in 2016 to $8,230 billion in 2017
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.
India's stock market has gone up by 571 per cent in the last four-and-a- half years. A return like that here in the US would put the Dow over 55,000 today.
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.
Based on a feedback, the exchange could cap a sector's weight at 25 per cent, or align with the broader market.
'People always short-change the resilience of the economy.'
Centre has approved 26 cases of foreign technology collaboration and granted industrial licences to 25 cases.\n\n\n\n
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.
In a historic referendum on Thursday, the United Kingdom voted to leave the Eurozone.
Lapierre welcomed the beginning of distribution of fresh compensation of Rs 1567 crore to the victims.
The 30-share BSE index reclaimed the 30,000-mark to trade at a new record high of 30,071.61 by surging 128.37 points, or 0.42 per cent. This surpassed the previous record high of 30,024.74 (intra-day) that the Sensex touched on March 4, 2015.
Although the fall has been very steep on Thursday, but the fall in the Indian market in the last one week has been lesser as compared with a fall in the other emerging markets like Brazil, Russia and Mexico.
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.
In the Sensex kitty, ITC turned star performer by surging 2.45 per cent, followed by NTPC rising 2.19 per cent.
The indices closed with losses for the week, with the Sensex declining 476.14 points, and the broader NSE Nifty falling 155.45 points during the period.
The markets opened flat on the back of weak Asian cues. At 9:58 am, the Sensex was trading at 11933 up 15 points and the Nifty was trading at 3474 up 3 points.
The state-run Oil and Natural Gas Corporation may buy stake in Bharat Petroleum Corporation's 6 million tonne Bina Refinery.
The old guard is still involved in broad corporate decision-making, but quite a few new business heads have started making their mark at the group
With global crude prices softening and the govt taking steps to curb inflation, the Indian growth story still has some steam left in it.
The septuagenarian minister, in a blue overall, accompanied Wing Commander N Harish on the flight over Kurukshetra and other towns of Haryana before touching down safely at 1010 IST.
Sensex has shed over 150 points in afternoon trade.
The NSE Nifty also gained 53 points, or 0.49 per cent, to settle 10,855.15 after shuttling between 10,870.40 and 10,749.40.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances