| Bombay Stock Exchange - BSE Related news |
Sensex gains for second straight week
Posted on 16th May 2015 |
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Amid high volatility and persistent foreign fund outflows, benchmark indices gained for the second consecutive week as the Street enters a phase of consolidation after losing nearly 7-8% in April. The Sensex advanced 0.8% this week at 27,324, after adding 0.4% in Friday’s trade. The Nifty ended with gains 0.9% for the week. Broader markets witnessed a sharper rebound with BSE Mid- and Small-cap indices rising 2-3% each. |
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BSE Sensex gives up early gains, up 32 pts in choppy trade
Posted on 15th May 2015 |
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In a volatile trade, the benchmark BSE Sensex today recovered part of its overnight losses and was trading higher by 32 points at 27,238.01 in late morning deals following a slowdown in selling by foreign funds amid short-covering. The BSE 30-share barometer resumed better and immediately touched a high of 27,379.57, up 173.48 points, or 0.64 per cent. |
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ICICI Bank to expand China presence with Shanghai branch
Posted on 14th May 2015 |
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India's largest private sector lender ICICI Bank is set to expand its Chinese presence with the opening of a branch this weekend in Shanghai, China's biggest city and a major global financial hub. The branch is likely to be inaugurated on Saturday by Prime Minister Narendra Modi, who is on a three-day visit to China. ICICI Bank's Managing Director and CEO Chanda Kochhar will also be present. |
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Cabinet approves stake sale in Indian Oil, NTPC
Posted on 14th May 2015 |
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The Cabinet Committee on Economic Affairs (CCEA), led by Prime Minister Narendra Modi, on Wednesday approved the disinvestment department’s plan to sell stakes in Indian Oil and NTPC as part of the Centre’s Rs 41,000-crore divestment target for public sector undertakings. At current share prices, a planned 10 per cent stake sale in oil marketing company Indian Oil could fetch Rs 8,120 crore, while a five per cent stake sale in power producer NTPC could get the exchequer Rs 5,689 crore. The Centre had last divested part of its stake in Indian Oil in March last year and in NTPC in February 2013. |
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LIVE: BSE Sensex plunges 444.65 pts at 27062.65, NSE Nifty sinks 139.55 pts at 8185.70
Posted on 12th May 2015 |
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The benchmark BSE Sensex tumbled over 444.65 points in late morning trade today as participants locked in gains after two sessions of gains and ahead of IIP and inflation data to be released later in the day. The 2-day pullback rally fizzled out as the benchmark S&P BSE Sensex today slumped 444 points to quote at 27062.65 in late-morning deals following weakness in global stocks amid profit-booking by wary operators ahead of the IIP and CPI data to be released later in the day. |
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Sensex, Nifty bounce 1% more in late-morning deals
Posted on 11th May 2015 |
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The S&P BSE benchmark Sensex today extended its last Friday's gains on positive global cues triggered by strong US jobs data amid China's decision to cut rates and was quoting higher by another 281 points at 27,386.53 in late-morning deals. Positive overseas developments boosted the market sentiment. Strong US jobs data pointed to economic growth picking up amid China's move to lower interest rates by 25 bps over the preceding weekend for the third time in six months. |
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Sensex, Nifty end with small gains amid persistent worries
Posted on 9th May 2015 |
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MUMBAI: Markets endured immense volatility and unprecedented sell-off sessions by FIIs during the week, leading the benchmark Sensex and the CNX Nifty to log their multi-months low though it managed to accrue gains on hectic short-coverings on April 8 on government's move to soothe foreign investors' tax worries and the rupee rebound. The week commenced strong, with investors taking fresh positions at the beginning of May contract on heavy sell-off in April series and the passing of Finance Bill, 2015. |
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LIVE: BSE Sensex surges 574 pts, Nifty gains 148 pts
Posted on 8th May 2015 |
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The BSE Sensex surged over 574 points to trade above the 27,000 level while the Nifty reclaimed the 8,200 mark in the afternoon trade today as funds and retail investors went about creating fresh positions, driven by the government’s decision to refer MAT issue to a high-level committee. Besides, a rebound in the rupee from the 20-month low also boosted sentiment. |
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Markets decline for the third straight session
Posted on 7th May 2015 |
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Markets have closed lower for the third straight session amid volatility weighed down by financials and oil shares. The 30-share Sensex provisionally ended lower by 146 points at 26,572 and the 50-share Nifty was down 50 points at 8,047. |
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BSE Sensex crashes 630.64 pts, NSE Nifty below 8,200-mark
Posted on 6th May 2015 |
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On across-the-board selling in late morning deals, the stock markets nosedived to four-month lows with the benchmark BSE Sensex plunging 630.64 pts points to below 27,000-level and NSE Nifty falling 180.50 points. Sentiments were weak in the absence of trigger amid host of negative factors in the backdrop of sustained FII outflows. |
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