Market Watch
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Sensex snaps 4-day losing streak, ends 75 points up; Novartis jumps 15 pct
24 May 2016 - 06:31 PM
Indian shares edged higher on Tuesday, posting their first gain in five sessions after well-received corporate results, including from Tata Power, offset worries the U.S. Federal Reserve would increase rates as early as June.The broader NSE index rose 0.23 percent to close at 7,748.85, after falling as much as 0.2 percent earlier in the session. The index has lost 2 percent over the previous four sessions.The benchmark BSE index ended up 0.3 percent at 25,305.47.Tata PowerIndian stocks fell for a fourth consecutive session on Monday, erasing gains earlier in the day as European shares were hit by sagging commodity prices and on caution ahead of a likely increase in U.S. interest rates as early as June.The broader NSE Nifty fell 0.24 percent to 7,731.05, after rising as much as 0.91 percent earlier in the session. The index has lost nearly 2 percent over the previous three sessions.The benchmark BSE Sensex fell 0.28 percent to end at 25,230.36.Indian shares snapped two sessions of gains on Wednesday, tracking lower global markets after data showed rising U.S. inflation and on comments from Fed officials rekindled prospects of an interest rate hike as early as June.The Nifty .NSEI dropped 0.26 percent to end at 7,870.15 points after falling 1 percent in the previous two sessions, while the Sensex .BSESN ended 0.27 percent lower at 25,704.61.Punjab National Bank shares surged over 3 per cent on Wednesday despite the bank reporting a net loss of Rs 5,36Sensex ends 120 points up; Axis Bank jumps 3.5 pct
17 May 2016 - 06:45 PM
Indian shares posted their second straight session of gains on Tuesday, after exit polls showed a likely first-time victory for Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) in the key northeastern state of Assam, raising hopes about its reform agenda.The broader NSE Nifty closed up 0.38 percent at 7,890.75, after rising 0.59 percent in the last session, while the benchmark BSE Sensex ended 0.47 percent higher at 25,773.61.In the 50-share index, ONGC, Axis Bank, UltraTech Cement, HDFC and BPCLSensex down 175 points on tax treaty with Mauritius; Punjab National Bank falls 3.75 pct
11 May 2016 - 06:01 PM
Indian shares fell on Wednesday, snapping two straight sessions of gains, on concerns the government may amend tax treaties with countries including Singapore after it agreed to tax capital gains on foreign investments from Mauritius.The broader NSE Nifty closed 0.49 percent lower at 7,848.85, after falling as much as 1.36 percent earlier in the session. The index rose 2 percent in the previous two sessions.The benchmark BSE Sensex closed down 0.68 percent at 25,597.02. It fell as much as 1.4 percent earlier in
