Market Watch
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Sensex hits seven-month high after late rally; Ends 129 points up; Coal India jumps 3.42 pct
02 June 2016 - 06:47 PM
Indian shares hit a seven-month high on Thursday, rebounding from earlier losses, as stocks such as Coal India Ltd. rose on firmer commodity prices, while sentiment was also underpinned by hopes about the economy.The broader NSE Nifty ended 0.48 percent higher at 8,218.95, while the benchmark BSE Sensex closed up 0.48 percent at 26,843.14, after earlier falling as much as 0.3 percent each.Both the indexes touched their highest since late October.Shares of Coal India ended uFrom June 1, your tax burden will increase with a host of new levies coming into force, which were announced in the Union Budget.In a double whammy for the common man, the prices of several essentials are also up, following a sharp rebound in global commodity prices.
1. A 0.5 per cent "Krishi Kalyan"
Sensex gains 46 points on GDP data; ITC gains 3 pct
01 June 2016 - 06:16 PM
Indian shares rose to their strongest level since late October on Wednesday as firms reliant on consumer demand, such as cigarette maker ITC, advanced on data showing the economy grew faster than expected in the March quarter.The broader NSE Nifty ended 0.24 percent higher at 8,179.95, while the benchmark BSE Sensex closed up 0.17 percent at 26,713.93.Shares of ITC closed nearly 3 percent higher, after rising as much as 3.18 percent to their highest level since Feb. 28, 2015 earlier in the session.India Q4 GDP grows at 7.9% versus 7.2% in March quarter; April core sector at 8.5%
31 May 2016 - 07:08 PM
India’s GDP grew at a robust 7.9% in the fourth quarter of the financial year gone by as against 7.2% (revised from 7.3% earlier) in Q3 of FY16. The government revised GDP growth data for Q2 and Q1 of FY16 to 7.6% versus 7.7% and 7.5% versus 7.6% respectively.
India gathered momentum in the March quarter to extend its lead as the world's fastest growing large economy, helping Prime Minister Narendra Modi craft an impressSensex gains for fifth day, rallies 72 points; Hindalco Industries surges over 12%
30 May 2016 - 04:17 PM
Indian shares edged higher on Monday, heading for a fifth straight session of gains after earnings of blue chips such as Hindalco Industries Ltd beat street estimates, boosting hopes that the economy was recovering.Earnings for the January-March quarter have so far been largely better than street estimates, raising optimism over India's economic prospects, with investors betting that above-average monsoon rainfalls would support rural demand.However, traders say the current rally could be speculative as for
