.jpg)
Fag-end dollar selling by exporters helped the rupee to recover lost ground and settle at the day's high of 60.77, a gain of 11 paise. The rupee earlier touched an intra-day low of 61.21 on July 8.
The banking, oil and metal sectors were the top sectoral losers on the BSE, while IT stocks rendered support at lower levels.
Sensex lost 184 points to trade at 23,878 and the Nifty has dropped 55 points to quote at 7,254.
FII stance, progress of monsoon, crude oil and rupee movement are likely to dictate the trend.
Increased demand for the dollar weighed on the local currency.
Chidambaram mocked her with a tongue-in-cheek tweet.
The Sensex closed down 308 points at 24,894 and the Nifty has lost 96 points at 7,559.
Meridian Tech Pte has its development centre in Hyderabad.
Sectors such as Auto, Banks, Capital Goods, FMCG, Metal, Oil & Gas and Power are trading marginally lower.
Private lenders HDFC Bank and ICICI Bank were the top gainers along with index heavyweights
Boost to dairy sector will generate jobs
The government will release the Index of Industrial Production for July 2015 on Friday, September 11, 2015.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Sustained inflows of foreign funds supported the rupee
The 30-share Sensex surged 299 points to close at 28,736 and the 50-share Nifty gained 90 points to end at 8,723.
The NSE 50-share Nifty spurted 97.25 points, or 0.92 per cent, to 10,715.50
The RuPay card is accepted at all ATMs (1.6 lakh plus), 95 per cent of PoS terminals (9.45 lakh plus) and most of the eCom merchants (about 10,000) in the country.
Financials were the top losers while oil shares also declined amid weak crude oil prices.
The broader markets are, however, outperforming the larger peer.
.jpg)
Modi government has taken some interesting policy decisions in the 100 days since the time he met President Pranab Mukherjee to present his claim as Prime Minister of the world's largest democracy, says Tanmaya Nanda.
Experts say a lot of new wealth is being generated by promoters selling their stake.
'If standing in a bank or ATM line is a test of patriotism, why is not a single leader standing in that queue too?'
Indian indices fell more than those of most other emerging markets.
'A lot of people -- whether farmers, students or businessmen -- think when they take a loan, that everything will go well and they will pay back.' 'Sometimes, things don't go well.'
With their balance sheets under stress, private companies have lost interest in them.
'If there is any industry that is unfit for modern corporate form it is the diamond trade.' 'But no one was asking the right questions.' 'The music was playing and so the game was on,' says S Murlidharan, former MD, BNP Paribas.
In the broader markets, the BSE Midcap and Smallcap indices extended gains and were up over 1% each
The 30-share Sensex ended lower by 46 points at 27,842 and the 50-share Nifty slipped 17 points to trade at 8,378.
There's surplus liquidity and RBI, with plentiful forex reserves, is ready to pump whatever extra is needed
In 5 years, the AMC has clocked a growth rate of 40% with its AUM up nearly 4 times.
ICICI Bank, ONGC and Tata Motors contribute to nearly 50% gain seen on the Nifty.
In a major crackdown on domestic shell companies, the government on Friday decided to take "harsh punitive" action, including freezing of their bank accounts used to launder money or evade taxes.
The broader NSE Nifty closed below the 10,600 mark by plunging 98.15 points, or 0.84 per cent, to 11,582.35 after shuttling between 11,567.40 and 11,751.80.
The common denominator: They were predominantly Gujarati, mostly male, and either related by blood or very well-known to Nirav.
Government on Monday formed a multi-agency group to monitor exposes in this regard and vowed to take action against all "unlawful" accounts held abroad.
The rupee opened steady at 63.30 per dollar at the Interbank Foreign Exchange; but, firmed up to 63.22 before quoting at 63.23 per dollar at 1000 hours.
Sensex ends 134.91 pts down at 28,709.87; Nifty falls 44.70 pts at 8,712.05.
There is merit in considering whether merchandise exports can be facilitated by halting if not reversing the rupee's appreciation, says T N Ninan.
Fresh demand for the US currency from importers and banks alongside sustained capital outflows by foreign funds weighed on the local unit
On the last day of FY!5, the Sensex ended lower by 18.37 points at 27,957.49.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances