BUSINESS

Sensex plunges 600 pts; Nifty cracks below 11,750

7:22 pm October 28, 2020

Mumbai: Equity benchmark Sensex plunged 600 points on Wednesday, tracking heavy losses in index majors Reliance Industries, HDFC Bank and ICICI Bank amid a massive selloff in European markets. After hitting a low of 39,774.60 during the day, the 30-share BSE index ended 599.64 points or 1.48 per cent lower at 39,922.46. Similarly, the broader […]

Rupee drops by 16 paise to over 1-month low on strong dollar demand

7:13 pm October 28, 2020

Mumbai: The rupee depreciated by 16 paise to settle at more than one-month low of 73.87 against the US currency on Wednesday due to month-end dollar demand from importers and the greenback’s gains against major currencies. Losses in domestic stock markets and uncertainty ahead of expected fresh stimulus measures also weighed on the investor sentiment. […]

Sensex rallies 377 pts; Kotak Bank zooms 12 pc

6:35 pm October 27, 2020

Mumbai: Equity benchmark Sensex rallied 377 points on Tuesday, tracking massive buying in Kotak Mahindra Bank after the lender posted strong quarterly earnings. The 30-share BSE index ended 376.60 points or 0.94 per cent higher at 40,522.10. Similarly, the broader NSE Nifty surged 121.65 points or 1.03 per cent to 11,889.40. Shares of Kotak Mahindra […]

Gold declines Rs 137 amid tepid demand

6:27 pm October 27, 2020

New Delhi: Gold prices in the national capital dropped Rs 137 to Rs 51,108 per 10 gram on Tuesday amid rupee appreciation and subdued demand, according to HDFC Securities. The precious metal had closed at Rs 51,245 per 10 gram in the previous trade. Silver, however, rose by Rs 475 to Rs 62,648 per kilogram […]

Rupee settles 13 paise higher at 73.71 against US dollar

3:02 pm October 27, 2020

Mumbai: The rupee pared early losses and settled 13 paise higher at 73.71 against the US dollar on Tuesday, tracking positive domestic equities. At the interbank forex market, the domestic unit opened on a weak note at 73.94 against the greenback, but soon recovered the lost ground and finally closed at 73.71, registering a gain […]