Market Watch
-
Sensex surges 460 points on corporate earnings, US jobs report; Axis Bank up 3.4 pct
09 May 2016 - 06:39 PM
Indian shares rose nearly 2 percent on Monday, posting their biggest single-day percentage gain in nearly four weeks, as a recent string of positive corporate results raised tentative hopes about an improving domestic economy.Sentiment was also boosted after a weaker-than-expected U.S. jobs report on Friday left some economists anticipating only one interest rate hike from the Federal Reserve this year.The broader NSE Nifty rose 1.71 percent to 7,866.05, while the benchmark BSE Sensex ended 1.82 percent higherHumour Time !!
07 May 2016 - 10:06 PM
Humour
India foreign exchange reserves rises by $1.52 billion to $363 billion
07 May 2016 - 08:07 PM
India’s foreign exchange reserves increased by $1.52 billion to $363.12 billion as on April 29, 2016, the Reserve Bank of India (RBI) has said.
According to the RBI’s forex data, the reserves stood at $363.12 billion as on April 29 against $361.60 billion for the week ended April 22, 2016.As on April 29, foreign currency assets stood at $339.02 billion, gold $20.11 billion, speciSensex ends 34 points down on weak global cues; Tech Mahindra falls 1.3 pct
06 May 2016 - 06:33 PM
The BSE Sensex posted its second weekly fall as investors turned cautious ahead of a U.S. payrolls report for April that could influence bets on future U.S. rate hikes.The benchmark index closed 0.13 percent lower on Friday at 25,228.5, recording a 1.5 percent drop this week. It lost 0.9 percent last week.The broader NSE Nifty closed down 2.05 points at 7,733.45. The index is down 1.4 percent for the week, after falling 0.6 percent last week.In the 50-share index, GAIL, BHEConstruction firm Saudi Binladin sheds 77,000 jobs
03 May 2016 - 09:08 PM
Saudi Binladin Group, a Saudi-owned construction company, has laid off about 77,000 foreign workers and plans to cut thousands of jobs held by Saudi nationals, according to a local newspaper report.
Binladin has issued 77,000 final exit visas to foreign workers so that they can leave Saudi Arabia, and is expected to lay off 12,000 of 17,000 Saudis in supervisory, administrative, engineering and mana
