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Monday tumble! Stock market crash wipes out over Rs 1 lakh crore of investor wealth

Sensex, Nifty today: Investor wealth eroded by over Rs 1 lakh crore Monday following a weak broader market where the BSE benchmark index tumbled more than 505 points to slip below the 38,000 mark. Following the sharp fall in stocks, the market capitalisation (m-cap) of BSE-listed companies dropped by Rs 1,14,676.15 crore to Rs 1,55,22,343 crore.

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Petrol, diesel prices today: Biggest cut in last 10 days, check city-wise rates

Petrol, diesel price today news: In a major relief for consumers across India, petrol price has been slashed by 21 paisa per litre and diesel price was also cut down by 15 paisa per litre today. As per new rate chart, petrol price in Delhi now stands at Rs 77.63, in Mumbai 85.45, in Kolkata Rs 80.28 and in

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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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RBI raises repo rate by 25 basis points in first interest rate hike in four-and-a-half years; stance ‘neutral’

The Reserve Bank of India on Wednesday voted unanimously to hike repo rate by 25 basis points, in a first in four-and-a-half years after giving RBI’s MPC began its 3-day meeting on Monday. The six-member MPC, headed by Governor Urjit Patel, is meeting for three days for the first time instead of the usual two days

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Benchmark yield ends at 7.83%; traders cautious ahead of RBI decision

Ahead of the Reserve Bank of India’s RBI monetary policy announcement on Wednesday, bond market dealers are expectedly cautious, though most of them expect the central bank to hike the repo rates by at least 25 basis points. The repo rate is currently at 6% after the RBI cut the rate by 25 basis points

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BSE puts Anil Ambani’s R-Naval under ‘additional surveillance measure’, takes tally to 109; check full list

BSE (Bombay Stock Exchange) had placed Anil Ambani’s Reliance Naval and Engineering (R-Naval) and 108 other securities under the ‘additional surveillance measure’ in order to put a check on the price-volume manipulation with effect from today, 5 June 2018. This move came after the exchange’s order on 31 May 2018 which put as many as

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As petrol price soars to all time high, will government take steps to cut your fuel bill? What minister says

Petrol prices at record high:  After petrol prices hits fresh record high of Rs 84.40 per litre in Mumbai, breaching the previous record high of Rs 83.62 a litre in September-14, even as the oil PSUs passed on four weeks of relentless rise in international oil prices to consumers, will the government step in to ease

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Sensex loses 35K mark as HDFC twins, ICICI Bank tank; Trump’s comment resumes trade war worries

The domestic equity markets fell into heavy losses after starting on a weaker note on Friday as investors feared that the comment by US President Donald Trump could again escalate tensions between US and China. Meanwhile, Asian stock markets inched up slightly with market participants keeping a closer look at developments in US-China trade negotiations. BSE Sensex dropped