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It was a volatile day of trade on Dalal Street Tuesday. The market erased gains in last hour of trade to close mildly lower, dragged by weak global cues and sharp correction in the rupee that fell one percent intraday against the US dollar. (47-0)
Benchmark indices fell sharply on Monday, with the Sensex shedding 456 points intraday but the recovery in late trade helped it trim losses to 236 points in closing as PNB fraud case continued to dent investors' sentiment. (32-0)
3:30 pm Market Closing: Benchmark indices closed below their 100-day moving average, with the Sensex losing 236.10 points to 33,774.66 and the Nifty down 73.90 points at 10,378.40 after recovered from day's low. (34-0)
3:18 pm Market Update: Benchmark indices recovered from day's low as Reliance Industries, Infosys, Axis Bank, Kotak Mahindra Bank, HDFC Bank and Yes Bank traded in the green. (32-0)
3:30 pm Market Closing: The benchmark indices ended off day's low but remained under pressure during the day. (48-0)
2:01 pm PSU banks under pressure: PSU Bank index fell more than 2.5 percent as all stocks caught in bear trap after PNB detected transaction fraud worth USD 1.8 billion (Rs 11,300 crore). (35-0)
Benchmark indices rallied more than 1 percent intraday Thursday following positive lead from global peers, but trimmed gains in later part of the session to end with 0.4 percent gains amid volatility due to PNB controversy. (24-0)
Bihar Chief Minister and JD(U) chief Nitish Kumar today defended his party's decision not to contest any of the three seats in the state where by-polls are scheduled to be held next month. (4-0)
Chairman and CEO or ArcelorMittal, Lakshmi Mittal has said that AMIPL's offer includes investment plan to address operational issues in Essar, according to CNBC-TV18. (4-0)
January CPI inflation at 5.07%, December IIP at 7.1% Industrial output grew at 7.1% in December, compared with the same month in the previous year, according to a government data. Consumer price index (CPI) inflation came in at 5.07% for January as against 5.20% for December. (4-0)
The market rebounded sharply on Monday with the rising nearly 300 points after posting 3 percent loss in previous week, ahead of December factory and January CPI inflation data due later today. The rally was driven by positive global cues. All sectoral indices ended in the green barring IT and PSU Bank, as bargain hunting continued. (39-0)
New Delhi: Indian Bank on Monday reported a fall of nearly 19% in net profit at Rs303.06 crore for the third quarter ended 31 December, due to higher operating expenses, provisioning and contingency reserve.
Pierre-Henri Flamand, the Chief Investment Officer of Man Group’s GLG unit, said market swings could continue and warned against a tendency to “buy-the-dip” after a correction in global markets. “The instinctive inclination to ‘buy-the-dip’ may be strong,” Flamand told Bloomberg. “As the past week has shown, this may not work so well. Indeed, what we have seen in the past week could continue for some time.
The United States may be looking more favourably at diplomatic engagement with North Korea, possibly holding dialogue, as South Korea pushes forward with plans to establish grounds for a rare summit between the two Koreas, reports Reuters. Vice President Mike Pence said the United States and South Korea had agreed on terms for further diplomatic engagement with North Korea, first with Seoul and then possibly leading to direct talks with Washington without pre-conditions.
Mumbai: Indian Bank Ltd on Monday said its third-quarter net profit fell 18.85% on the back of higher provisions and lower other income.