The Asian Development Bank,ADB projected India’s economic growth rate to cross China and improve to 7.8 percent in next fiscal as per 2015 report. Growth rate will be of order 8.2 percent in 2016-17.
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Sensex gains 307 points in morning trade on firm Asian cues
Today, BSE Sensex rebounded sharply by 307 points in late morning trade to 28,744.47, tracking firm global cues.
Inflation dipped to (-)2.06% in February on cheaper food, fuel items
The wholesale inflation dipped to (-)2.06 percent in February 2015 as prices of food articles, manufactured items and fuel products fell during the month.
BSE Sensex gained 78 points in early trade ahead of inflation data
In an early trade today the benchmark BSE Sensex gained over 78 points as participants made fresh buying in selective stocks ahead of inflation data to be released later in the day. The 30-share index was trading higher by 78.52 points, or 0.27 per cent, at 28,581.82 as sectoral indices, led by IT, technology and […]
BSE Sensex drops by 102 points in late morning trade
Indian Stock market had a sudden bout of selling washed out BSE Sensex”s initial gains and the index drops by 102 points in late morning trade despite firm Asian cues and fresh capital inflows.
Rajya Sabha approves long pending insurance bill
On Thursday night Parliament approved the NDA government’s first major economic reform measure as the long pending bill providing for raising foreign investment cap upto 49 percent in insurance sector was passed by Rajya Sabha after main opposition Congress and some other parties came on board. The controversial Insurance Laws (Amendment) Bill, 2015, which replaced […]
BSE Sensex crosses 30,000 with RBI rate reduction
Today, with a surprise rate reduction led BSE Sensex to cross the historic 30,000 mark but sustained selling dragged it down by a sharp 213 points at close, snapping 4-day Budget rally.
RBI reduces lending rate by 0.25% to 7.5% with softening inflation
Today, Reserve Bank of India surprised markets by reducing the benchmark interest rate by 0.25 per cent to 7.5 per cent on the back of softening inflation and immediately after the Budget, the government’s commitment to continue the fiscal consolidation programme.
Sensex gained 290 points in early trade on growth oriented Budget
With Continued rising streak for the third straight session, the benchmark BSE Sensex gained 209 points in early trade today on sustained buying by funds and retail investors on growth oriented Budget proposals.
Sensex Top 5 companies lose Rs 36,856 cr in m-cap; ITC takes big hit
During combined market valuation of top five BSE Sensex listed companies tumbled by a whopping Rs 36,855.98 crores last week, with FMCG major ITC taking the steepest hit.