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Markets today: Sensex closes 115 points lower at 35,432.39; Nifty50 down 0.29%; M&M loses over 2%

Heavy selling in the last half hour of trade, along with outflow of funds, dented sentiments and the benchmark Sensex index of the BSE dropped almost 150 points to an intra-day low of 35,396.97 points on Thursday. The Sensex closed trade 114.94 points or 0.32 per cent lower at 35,432.39 points. The Nifty50 of the National Stock

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Brent crude oil prices drop by $4 a barrel in 4 days: This is the biggest reason behind plunge

Oil prices fell further on Monday, pulled down by an expectation that producer club OPEC and its allies will increase supplies. Brent crude futures, the international benchmark for oil prices, were at $73.05 per barrel at 0036 GMT, down 39 cents, or 0.5 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures

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Sensex ends the day over 200 points higher, Nifty around 10,850

The rangebound market ended at day’s high with the help of major pharma and banking names including SBI, Dr Reddy’s Lab, Cipla, Lupin and HDFC. The Sensex up 209.05 points at 35692.52, and the Nifty up 55.90 points at 10842.90. The market breadth was on advances side, with about 1426 shares have advanced, 1212 shares

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Closing Bell: Stock Market ends with marginal gains

Market ends with marginal gains, Nifty below 10,800; Bharti Airtel, Sun Pharma top gainers. Benchmark indices erased all its morning gains in the final hour of trading as some selling pressure was seen in metal, energy, realty stocks which pulled the Nifty below 10,800. The Sensex was up 39.80 points at 35,483 and the Nifty

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RBI reduces interest rate on unclaimed deposits by 50 bps to 3.5%

Interest rate on unclaimed deposit amount transferred to Depositor Education and Awareness (DEA) fund has been reduced by 50 basis points to 3.5 per cent, the Reserve Bank said today. In June 2014, RBI had specified that the rate of interest payable by banks to the depositors/claimants on the unclaimed interest bearing deposit amount transferred to the

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Sensex rises 243 pts, Nifty tops 10,750; 8 of every 10 smallcaps end higher

Indian equity benchmarks rose for a second straight session riding gains in bank, IT, auto and metal stocks, a day after the RBI increased repo rate and maintained neutral stance. According to analysts, chances of a status quo were greater than a rate hike and it was RBI’s ‘neutral’ stance that did the job. Besides,

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Sensex ends over 275 points higher, Nifty near 10,700 after RBI hikes repo rate

A three-day losing streak broken and how! Equity benchmarks had a good day of trade, with the Sensex closing 275 points higher, while the Nifty closed near 10,700-mark. The market witnessed a last hour surge after Reserve Bank of India’s Monetary Policy Committee decided to hike repo rate to 6.25 percent. While the Street began

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Mid-cap bloodbath dents Dalal Street: Over 300 stocks fall 5-20% today; Sensex loses 35,000-mark

The domestic sharemarket saw heavy sell-off in most of the mid-cap and small-cap stocks on Tuesday with scrips of Anil Dhirubhai Ambani Group’s telecom firm RCom plunging more than 8% and Aditya Birla Group’s telecom venture Idea Cellular slipping 10%. India’s equity market traded under tightened volatility with the headline indices Sensex and Nifty finishing

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Oil climbs, but record US crude output, higher OPEC supplies drag; Brent crude drops 2%

Oil prices edged higher on Tuesday after falling nearly 2 percent in the previous session, but growing U.S. production and expectations of higher OPEC supplies continue to weigh on sentiment. Brent crude futures added 15 cents, or 0.2 percent, to $75.44 a barrel at 0020 GMT, after settling down 2 percent at $75.29 a barrel