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Nifty rallies for 3rd day on oil slide, rupee gain; Sensex closes up 241 pts, midcaps outperform

The Nifty Midcap index outperformed frontliners, rising 1.4 percent on strong market breadth. More than two shares advanced for every share falling on the NSE. Benchmark indices started off the week on a strong note, rallying for third consecutive session following sharp slide in crude oil prices and recovery in rupee. Banking & financials, infra,

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Manpasand Beverages shares crash 20% after company cancels board meet on Deloitte’s resignation as auditor

Shares of Gujarat-based fruit juice maker Manpasand Beverages crashed 20% in the early deals on Monday after the company cancelled its board meeting scheduled on 30 May 2018 on Deloitte’s resignation as statutory auditor of the firm. Shares of Gujarat-based fruit juice maker Manpasand Beverages crashed 20% in the early deals on Monday after the company cancelled

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Big week ahead! GDP data, 700 companies’ Q4 results; here are key things to watch in stock market

Over 700 companies are scheduled to announce Q4 results in the week ahead along with GDP data for the financial year 2017-18. Here are key things to watch in stock market. Indian equity markets have seen volatile sessions specifically in the last one month as the fourth-quarter earnings unfolded following which investors saw PNB reporting

bse sensex
Latest News, Stock Market

Sensex rises 262 pts, Nifty50 settles above 10,600 on oil correction and strong rupee

Benchmark indices extended rally for the second consecutive session as the Sensex was up 261.76 points at 34,924.87, backed by banking & financials, oil, metals and technology stocks. The 50-share NSE Nifty gained 91.30 points at 10,605.20 while Nifty Midcap index rallied 2 percent, outperforming frontliners. Page Industries, Castrol, Adani Power, Avenue Supermarts, Cadila Healhcare, Gateway DIstriparks and MCX surged up

Commodity Market, Latest News

OPEC looking to ease crude oil supply: Russia, Saudi Arabia to discuss raising output by 1 million bpd

Sources said Saudi Arabia and Russia will discuss raising OPEC and non-OPEC oil output by around 1 million barrels per day (bpd), easing 17 months of strict supply curbs. Saudi Arabia and Russia will discuss raising OPEC and non-OPEC oil output by around 1 million barrels per day (bpd), easing 17 months of strict supply

Commodity Market, Forex, Latest News, Stock Market

‘Oil, rupee could test Modi government’s 5th year’

From an average 5.2% of GDP between FY10 and FY14, the fiscal deficit came to 3.8% between FY14 and FY18, helped by lower crude oil prices. Retail inflation sharply declined to an average of 4.7% between FY15 and FY18 from 10.2% in the preceding five years. The Modi government’s efforts to ensure a well-oiled economy

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Sensex adds 318 points as Infosys, HDFC, TCS lead; Tata Motors tanks 7%; rupee regains 12 paise vs US dollar

Indian stock markets started higher on Thursday with BSE Sensex rising more than 100 points as blue-chip shares of India’s second-largest IT company Infosys and country’s largest housing financier HDFC contributed considerably to the upsurge. In the early morning trades, the INR recoiled back from the 18-month lows against US dollar. Among the constituents of BSE

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PSU banks day! SBI biggest gainer amid Sensex, Nifty today; 14 of total 21 PSB shares end in green

As shares of India’s largest bank by asset size SBI (State Bank of India) surged more than 6% on Wednesday even after the bank reported the deepest-ever quarterly loss for the Jan-Mar period of the FY18, 14 out of the total 21 PSU bank shares ended in green. Surprisingly, shares of SBI have been the biggest gainers among

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SBI Q4 Results 2018: Bank reports biggest ever quarterly loss at Rs 7,718 crore, but shares rally 6%

SBI Q4 Results 2018: India’s largest bank by assets and third-largest by market capitalisation State Bank of India (SBI) on Tuesday reported a standalone net loss of Rs 7,718.17 crore for the quarter ended 31 March 2018 as bad loan provisions doubled as compared to same quarter last year. This was the biggest-ever quarterly loss reported by State

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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