Stock Markets

Sensex Trades in Loss

Sensex Trades in Loss

Indian market on Friday was trading in loss and made its end at 16,453.76, which was down by 244.31 points. Not only Sensex, but world market was also trading on shaky grounds which had an impact on Sensex and Nifty which was down by 77.20 points and was at 4,943.25.

BSE Witnesses a fall by 32 Points

BSE Witnesses a fall by 32 Points

The Bombay Stock Exchange index dropped by 32 points today, after the shareholders invested in the banking, automobile and medical sector. Also, the European share market has witnessed a fall.

At one point of time, BSE was at its highest mark of 265 points, at 16,766.19, giving way to gains maintained at 34.30 points. The index witnessed a drastic fall by 660 points. With the fall at the index, various financial experts were predicting that the Reserve Bank of India will make further increase in the rate of interest in order to balance the fall in the market.

Debt Affects Asian Markets

Debt Affects Asian Markets

Though CNX Nifty and Sensex have increased by 6% during the last week trade, both opened in red and were also going slow during the day, as it was on 16,561.46 points during the intra-day business.

To tell about its opening amount, then it opened at 16,678.34 and Nifty was at 5,010.75 and to tell in percentage, then it was down by 0.58%.

Indian Market Manages To Rally amid Rising Inflation

Indian Market Manages To Rally amid Rising Inflation

It seems that Indian market has broken its long running spree of loses, as it has been reported that the BSE benchmark Sensex managed to pull out 973 points on August 31.

It’s being believed that among the major pushers were shares from sectors, including metal, realty, banking, auto and refinery, which is said to have brought the maximum gain in the last 10 months in the Sensex.

GMR Infrastructure Mounts Following the Acquisition of 30% Stake in GEMS

GMR Infrastructure Mounts Following the Acquisition of 30% Stake in GEMSAfter the announcement of the GMR Energy (GEL) to take 30% stake in T Golden Energy Mines Tbk (GEMS), a Sinar Mas Group company in Indonesia, the shares of GMR Infrastructure went up 1.68% at Rs. 30.35 on BSE.

However, the BSE Sensex dropped 11.06 points, or 0.06%, to 17,048.34.

Indian Stock Market at a Downer

Indian Stock Market at a Downer

The stock market of India witnesses its seventh fall in the period of 8 days, with all the companies listed at the index flashing red.

The Bombay Stock Exchange Sensex fell by 0.5% that is a loss of 76.82, to 17,053.69, while the Nifty fell by 22.70 points to 5,138.

The fall at the index was less in comparison to the fall in the markets overseas, which showed that the Foreign Institution Investments were not ready to sell out the Indian equity holdings.

The index showed inflation in almost all the sectors.

Sensex Rose to 272.60 Points

Sensex Rose to 272.60 PointsThe traders in India had a robust day today as the trade market of the country rose over 1.5%. It has been reported that the BSE Sensex and NSE benchmark rose by 272.60 points and 88 points respectively.

It is believed that the Fed's decision to keep interest rates at a record near zero level to kick start the American economy surged the Indian market. Following the decision by Fed, the American market, Dow, rose to 429 points which was the tenth biggest points gain ever.

Indian Equity Benchmarks under Selling Pressure

Indian Equity Benchmarks under Selling Pressure"The next couple of days seem tricky for the market and bias remains downwards. If there is any kind of a jump, one would look to sell. There isn’t any trigger yet to be a long or medium-term buyer”, added ATMA President, Sushil Kedia, while commenting on the market scenario.

Biocon Shares Falls by 4% in the Market

Biocon Shares Falls by 4% in the Market

Though, the net sales of Biotechnology Company, Biocon was up by 10% amounting to Rs. 441.68 crore, its net profit decreased by 9% amounting to Rs 70.05 crore. The fall has led the company’s shares to decrease by 4% in the market.

The officials of the company have said that there has been a healthy increase in the profits from its manufacturing and services businesses, but they have experienced low licensing income in the quarter.

Wipro Stock Increases after 3 months of Earning Reports, as DLF Makes the Highest Close

According to reports, the nation’s third-biggest software services provider, Wipro and the largest developer, DLF, respectively increased revenues the most in three months after its earnings report and set for the highest close since the month of April.

Also, U. S. and Asian equities surged after President Barack Obama endorsed a deficit cut proposal by the bipartisan group of senators, alleviating concerns that a short-term default by America might slowdown the global economic recovery.