The Sensex took less than two years to rally from the 10,000-mark it first hit in February 2006 to double that on that New Year's Eve.
Despite the recent fall, the Nifty Midcap 100 index has outperformed by gaining 20 per cent till date in this year calendar year.
Despite the recent fall, the Nifty Midcap 100 index has outperformed by gaining 20 per cent till date in this year calendar year.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Traders said falling crude prices in the global market was a big boost for the economy as it lightens the country's import bill burden, eases inflation and current account deficit concerns.
Most listed corporate entities in the country are in a fix. With the sudden declaration in late March of a nationwide lockdown to tackle the Covid-19 pandemic, the final calculations of their financial results for the year 2019-20 (FY20) are hanging in limbo. Till April 19, only 41 of the 3,947 companies listed on the BSE have managed to finalise the dates for the declaration of their yearly financial results.
Economists praise Das for his pragmatism and willingness to face challenges head on. And in doing so with the finesse of an able administrator.
'The 5.7% growth in the April-June period is an aberration because of GST.' 'Business activity in the last 15 days of the quarter was minimal or zero.'
The report concluded that she failed to discharge her fiduciary functions to rescue herself to avoid any conflict of interest.
Raising concern about over-dependence of Indian capital markets on foreign institutional investors, eminent banker Deepak Parekh has said that something needs to be done to change this pattern.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
"Patel's resignation will shake foreign and domestic trust in the RBI's autonomy and shows that a red line has been crossed."
Its market capitalisation tops those of the 3 largest Indian firms combined
Tatas' brand value grows 12% in the past year, far ahead of Reliance and Airtel.
'We may bite the bullet and draw up plans for privatisation.' 'If that is done now, the sale of the government stake will fetch money; a delay will see erosion in whatever value is left in these banks,' says Tamal Bandyopadhyay.
Bank shares were the top losers along with index heavyweight RIL
The company has a market capitalisation of $743 billion.
Dr Ashok Ganguly, former chairman of Hindustan Lever and a Rajya Sabha MP, and one of the signatories to the recent open letter to the government by a group of 14 eminent people, speaks about the issues raised in the letter.
Profit taking in index heavweights RIL and HDFC weighed on sentiment while ICICI Bank surged 7%.
The company has set target to sell 15-20 lakh units of Honor smartphones by the end of this year
Other major laggards were IndusInd Bank, SBI, Bharti Airtel, ONGC, Tata Steel and Reliance Industries -- falling as much as 6.30 per cent.
Aggressive Hindutva elements have also disappointed industry captains
The recent circular follows the 'true-to-label' concept, but large funds in the multi-cap category may be forced to merge in the absence of sufficient small-cap options.
India has 26 public sector banks, 22 private sector banks and 56 regional rural banks.
No major deals above the value of USD 300 million happened last month, causing the decline from January, which registered deals worth USD 3.5 billion, according to a report released by consultancy firm EY on Wednesday.
According to reports, Vodafone NZ had offered all its employees, other than call centre and retail staffers, voluntary severance package
Rajasthan Royals, winners of the inaugural season of the Indian Premier League, on Tuesday launched their team's new jersey and welcomed Floriana Group as team sponsor and HDFC Life as the principal associate team sponsor for the coming season.
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
The Central Bureau of Investigation on Thursday night arrested a Mumbai-based chartered accountant and two government officials for allegedly selling confidential documents related to foreign investment policy to corporate groups after it carried out searches in offices of Finance and Commerce Ministries in New Delhi and in Mumbai.
At a pre-Budget meeting, the FM was asked to ensure that NBFCs come out of the liquidity crisis they are facing with the help of RBI. They also spoke about the futility of trying to achieve a 3 per cent fiscal deficit target over the medium term.
Many a time, we let go of our aspirations because it seems difficult to achieve them at one go.
Index heavyweights Reliance Industries and ITC were the top losers along with ICICI Bank and SBI
Market players said a big upmove by the market will depend on policy action by the government to revive economic growth and corporate earnings revival.
'Put the assets of PMC Bank and the personal assets of the HDIL promoters and head of PMC Bank in an escrow account and ring-fence it from the ad hoc action of the revenue departments and creditors,' recommends Debashis Basu.
In one of the largest FDI deals in realty sector, global private equity Warburg Pincus will invest Rs 1,800 crore (Rs 18 billion) in Piramal Realty, which would use the funds to develop mixed-use projects in the megalopolis.
Shares of RIL ended 2.4% higher as it pips TCS to become most valued firm
Anil Ambani group may soon be rubbing shoulders with the likes of HDFC and ICICI Bank in the consumer loan business and the foray could give the group a return of more than 20 per cent in the next 3-4 years.