Free Press Journal
  • bse-sensex

    Sensex closes below 30,000 mark, all eyes on Union Budget now

    Mumbai: Benchmark Sensex ended below the key 36,000-mark in see-saw trade today as investors remained on the sidelines ahead of the Budget. The broader Nifty too suffered losses but managed to end above the 11,000-level.

  • Markets tumble from record highs; Budget eyed for cues

    Mumbai: Benchmarks buckled under heavy selling pressure today as wary investors pocketed gains in recent winners ahead of the Union Budget amid lacklustre global leads. The BSE Sensex sank about 250 points to end at 36,033.73, while the broader NSE Nifty dropped 80 points to 11,049.65.

  • Coal India hikes prices for power, non-power clients

    Kolkata : The Coal India Limited (CIL) Board on Tuesday approved a non-coking coal price hike for both power and non-power consumers. The price increase is expected to push the miner’s revenue up by Rs 1,956 crore for the remaining period of the ongoing fiscal. Effective from Tuesday, the revision is projected to lead to an incremental annual revenue of Rs 6,421 crore.

  • Sensex succumbs to late sell-off; auto, IT slip

    Mumbai: Benchmark Sensex ended marginally lower in volatile trade today after cautious investors trimmed their portfolios ahead of corporate results despite firm global cues.

  • Indian rupee opens lower at 63.55 per dollar after hitting 2.5 year high

    New Delhi: The Indian rupee on Wednesday slipped in early trade and opened lower by 7 paise at Rs. 63.55 per dollar versus Rs. 63.48 on Tuesday, where the local currency was up by 0.31 percent from its previous closing. The rupee on Tuesday had also hit its highest level against the dollar in about two and-a-half years amidst signs of weakness in the US currency.

  • 2018 begins on negative note, Sensex 18 points down

    Mumbai: Stock markets opened on a subdued note on the first trading day of 2018, with the benchmark BSE Sensex declining over 18 points in early trade on profit-booking after recent gains.

  • INDIA-ECONOMY-POLITICS

    Sensex ends at record 34,011, Nifty surpasses 10,500

    Mumbai: It was yet another day of records for stock markets today as both Sensex and Nifty closed at life highs, mainly because of some fag end buying by participants.

  • HDFC Bank gets nod to raise up to Rs 24,000 cr

    New Delhi : HDFC Bank, on Wednesday, said it plans to raise up to Rs 24,000 crore through a preferential issue of shares to promoter HDFC, as also share issuance and depository receipts. “The Board of Directors of the bank, at their meeting held on December 20, 2017, have approved raising of funds aggregating up to Rs 24,000 crore,” the country’s second-largest private sector lender said in a regulatory filing to the

  • INDIA-ECONOMY-POLITICS

    Indices strike new highs on BJP win, auto stocks

    Mumbai : The key equity indices — the BSE Sensex and the NSE Nifty50 — extended gains for the fourth consecutive session and closed at new highs on Tuesday, cheering the Bharatiya Janata Party’s (BJP) win in the Gujarat and Himachal Pradesh assembly polls. Sentiments were further given a boost by soaring automobile stocks, alongwith a progress in US tax cut and a strengthened rupee, said market observers. “With BJP getting a majority

  • From January, Aadhaar must for AMC’s clients

    New Delhi :The Bombay Stock Exchange (BSE) on Tuesday asked asset management companies (AMCs) to ensure that individual clients compulsorily submit their Aadhaar details from January 2018 onwards, as part of their compliance with anti-money laundering rules. The instruction has been issued after the government amended, in June, the Prevention of Money Laundering (Maintenance of Records) Rules with regard to collection of Aadhaar number from clients, reports PTI. Various requirements related to

  • Markets end lower ahead of RBI call

    The Indian central bank is widely expected to leave policy rates unchanged and will instead stay focused on controlling inflation.