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Nifty ends at record closing level
Business

Nifty ends at record closing level

Mumbai, May 27: The Nifty50 on the National Stock Exchange (NSE) settled at its record closing level on Thursday. It closed at 15,337.85, higher by 36.40 points or 0.24 per cent from its previous close of 15,301.45 points. Healthy buying was witnessed in banking and IT stocks. The BSE Sensex closed...
Sensex jumps over 250 pts in early trade; Nifty above 15,250
Business

Sensex jumps over 250 pts in early trade; Nifty above 15,250

Mumbai, May 25: Equity benchmark Sensex surged over 250 points in opening trade on Tuesday, tracking gains in index heavyweights Infosys, Asian Paints and HDFC amid a positive trend in global markets. The 30-share BSE index was trading 265.07 points or 0.52 per cent higher at 50,916.97, and the...
RBI to transfer Rs 99,122 cr as surplus to Centre
Business

RBI to transfer Rs 99,122 cr as surplus to Centre

New Delhi, May 21: Reserve Bank will transfer Rs 99,122 crore as surplus to Centre for nine months ended March 31, 2021.The decision was taken at the 589th meeting of the Central Board under the chairmanship of RBI Governor Shaktikanta Das, through video conference.According to the RBI, the Board in...
Value buying lifts equities; banking stocks rise
Business

Value buying lifts equities; banking stocks rise

New Delhi, May 21: Value buying along with healthy buying in the banking stocks lifted the key domestic indices during Friday's late-afternoon trade session.At 1.50 p.m., the S&P BSE Sensex traded at 50,227.28, higher by 662.42 points, or 1.34 per cent, from its previous close.Similarly, the...
Global cues, slowdown fears subdue equities, metal stocks fall
Business

Global cues, slowdown fears subdue equities, metal stocks fall

Mumbai, May 20: Fears over an economic slowdown as well as negative global cues subdued India's benchmark stock indices during the afternoon trade session on Thursday.At 1.20 p.m., the S&P BSE Sensex traded at 49,841.92, lower by 60.72 points, or 0.12 per cent, from its previous close....
IT Dept to launch new e-filing portal for taxpayers on Jun 7
Business

IT Dept to launch new e-filing portal for taxpayers on Jun 7

New Delhi, May 20: The Income Tax Department is expected to launch a new e-filing web portal for taxpayers, which they use to file routine ITRs and perform other tax-related works, early next month, officials said on Thursday. The existing web portal will be shut for six days between June 1-6....
Sensex zooms over 600 pts in early trade; Nifty tests 15,100
Business

Sensex zooms over 600 pts in early trade; Nifty tests 15,100

Mumbai, May 18: Equity benchmark Sensex soared over 600 points in early trade on Tuesday, led by gains in index majors HDFC twins, ICICI Bank and Infosys amid a positive trend in global markets.Topping the 50,000 mark in the opening session, the 30-share BSE index was trading 601 points or 1.21 per...
Gold, silver gain on strong global trends
Business

Gold, silver gain on strong global trends

New Delhi, May 17: Gold in the national capital on Monday rose by Rs 348 to Rs 47,547 per 10 gram following a strong global trend, according to HDFC Securities.In the previous trade, the precious metal had closed at Rs 47,199 per 10 gram. Silver also zoomed Rs 936 to Rs 71,310 per kilogram from Rs...
Covid pushes Indias Pharma industry growth to 59% in April
Business

Covid pushes India's Pharma industry growth to 59% in April

New Delhi, May 15: The fresh wave of Covid-19 in the country has pushed up sales of medicines and resulted in exponential growth for the pharmaceutical sector.According to total sales audit data from world's largest pharmaceutical market research firm IMS Health, the Indian Pharma Market (IPM)...
Retail inflation eases to 4.29 per cent in April
Business

Retail inflation eases to 4.29 per cent in April

Guwahati, May 13: Retail inflation slowed to 4.29 per cent in April from 5.52 per cent in March, mainly due to easing food prices, government data showed on Wednesday.The Reserve Bank mainly factors in the retail inflation based on Consumer Price Index (CPI) while arriving at its monetary policy.As...
Sensex skids for 2nd day as inflation worries haunt global equities
Business

Sensex skids for 2nd day as inflation worries haunt global equities

Mumbai, May 12: The BSE Sensex spiralled lower for the second straight session on Wednesday, weighed by heavy selling in banking and finance stocks, as global equities extended their losses on concerns that soaring commodity prices will trigger earlier-than-expected rate hikes.The 30-share BSE...
Sensex tanks over 450 pts in early trade; Nifty slips below 14,800
Business

Sensex tanks over 450 pts in early trade; Nifty slips below 14,800

Mumbai, May 11: Equity benchmark Sensex tumbled over 450 points in early trade on Tuesday, tracking losses in index-heavyweights HDFC twins, ICICI Bank and Kotak Bank amid negative cues from global markets.The 30-share BSE index was trading 470.10 points or 0.95 per cent lower at 49,032.31 in...
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