Free Press Journal
  • Sensex extends gains in choppy trade; up 132 points despite weak macro data

    Mumbai: The benchmark BSE Sensex extended gains for the second straight day by surging about 132 points on Monday on sustained buying by domestic institutional investors despite disappointing macro-economic data and uninterrupted foreign fund outflows. The NSE index Nifty ended above the 10,500-mark. However, investor mood remained cautious due to fresh weakness in the rupee on rising crude oil prices and a subdued trend at other Asian markets, following worries over Sino-US trade disputes,

  • Sensex slips 71 points on negative economic data, weak rupee

    Mumbai: The BSE benchmark Sensex after reclaiming the 35,000-mark fell 71 points to quote at 34,662.73 Monday, as the IIP slipped to a three-month low in August and retail inflation rose marginally in September. Besides, weak Asian cues on worries over China-Us trade dispute influenced sentiment.

  • Sensex rallies most in 19 months, Nifty ends above 10,450

    Mumbai: Driven by fall in crude prices and the recovery in rupee, the BSE Sensex Friday posted its biggest single-day gain in 19 months, soaring over 700 points, as global markets rebounded after two straight sessions of losses. The rupee strengthened 53 paise to 73.59 (intra-day) against the US dollar in the forex market. Both indices ended the week higher for the first time in six weeks. During the period the Sensex climbed 366.59 points and

  • Sensex recovers over 600 points ahead of key macro data, Nifty reclaims 10,400

    Mumbai: The BSE benchmark Sensex staged a strong comeback by recovering over 600 points in opening trade Friday following fresh purchases made by domestic investors ahead of key macroeconomic data to be released later in the day, fall in global crude prices and rupee recovery.

  • Markets stage relief rally; banking, auto stocks lead

    Mumbai: Benchmark indices staged a strong comeback Wednesday after the recent rout as investors accumulated battered financials, auto and metal stocks amid rupee recovery from record lows. The BSE Sensex, after a gap up opening of 34,493.21, rallied to hit a high of 34,858.35 before ending 461.42 points, or 1.35 per cent, higher at 34,760.89. The broader Nifty too reclaimed the key 10,400 mark. It touched a high of 10,482.35, before finally settling at

  • Sensex rises over 200 points, Nifty above 10,300

    Mumbai: BSE benchmark Sensex rose over 200 points in early trade Wednesday following gains in auto, metals and banking stocks amid unabated buying by domestic institutional investors and rupee recovery. The 30-share index spurted 220.38 points, or 0.64 per cent, to 34,519.85. The barometer had lost 175 points on Tuesday.

  • Sensex falls 175 points on rupee woes, rising crude prices

    Mumbai: The BSE Sensex erased all its early gains to end lower by 175 points in see-saw trade Tuesday, posting its fourth fall in five sessions due to widespread selling in auto, consumer, realty, oil and gas and banking stocks amid worries over weakening rupee and boiling crude oil prices. Market sentiments were further dampened on unabated foreign fund outflows and the International Monetary Fund (IMF) downgrading outlook for world economy to 3.7 growth

  • IPO momentum to improve in the coming months: Report

    Mumbai: As many as 128 initial public offerings garnered USD 5.24 billion this year until August and going forward the IPO momentum is expected to improve in the coming months, says an EY report. According to the India IPO Market Insight report by EY, the IPO activity in the third quarter this year registered a significant decline visa vis the corresponding period last year. Only three IPOs were launched on BSE and

  • Market ends in the green, breaks three-day losing streak

    Mumbai: In a highly volatile session, value-buying by investors in recently battered banking, oil & gas and auto stocks reversed the three-session losing streak, helping the Sensex and Nifty to close on a positive note Monday. The Sensex swung over 660 points both ways on alternate bouts of selling and buying. The 30-share Sensex touched a high of 34,636.43 on the back of sustained buying by domestic institutional investors (DIIs), but later turned choppy and hit a

  • Sensex falls over 150 points, Nifty slips below 10,300

    Mumbai: The BSE Sensex fell over 150 points and the NSE Nifty dropped below the 10,300-level in early trade Monday on unabated foreign fund outflow amid weak Asian cues and the weakness in rupee. Falling for the fourth straight session, the BSE 30-share barometer fell 169.20 points, or 0.53 per cent, to 34,207.79 after hitting a low of 34,106.24.

  • Sensex drops below 35,000-mark ahead of RBI policy outcome

    Mumbai: The BSE Sensex fell over 300 points Friday, extending its losing run for the third day, ahead of the RBI’s bi-monthly policy meet outcome amid weak global cues. The 30-share index after cracking the 35,000-mark by falling over 335 points to touch a low of 34,833.81, pared some losses to quote 194.44 points, or 0.55 per cent lower at 34,974.72.

  • Markets in free fall; Sensex crashes 806 points as selling intensifies on weak rupee

    Mumbai: Markets went into a free fall Thursday with the benchmark Sensex crashing over 806 points to end below the 35,200-level after the rupee crashed to a new life-time low and global crude price breached the USD 86 a barrel. The weakness in other Asian markets and a lower opening of the european shares added to negative sentiments on the domestic bourses. A sharp plunge mainly in healthcare, IT, oil&gas, banking and auto pulled the

  • Sensex tanks over 500 pts on weak global cues, sinking rupee

    Mumbai: The BSE benchmark Sensex cracked over 500 points in early session Thursday as rupee hit another low amid weak global cues and fears of widening current account of deficit. The international benchmark Brent crude breached the US 86 per barrel level, nearing its four-year high.

  • Sensex crashes 550 points on rupee woes, rising crude concerns

    Mumbai: The BSE benchmark Sensex plunged over 550 points Wednesday to slip below the 36,000-level after the rupee collapsed to a new life-time low amid surging crude oil prices and unabated foreign fund outflows. The BSE 30-share barometer, after a weak start, continued its slide to plummet below the 36,000-mark to hit a low of 35,911.82 to finally settle 550.51 points, or 1.51 per cent, down at 35,975.63. The gauge had gained 299 points

  • Sensex falls over 200 pts, Nifty slips below 11,000

    Mumbai: The BSE Sensex fell over 200 points and the NSE Nifty dropped below the 11,000-level in early trade Wednesday after the rupee dropped to a new low amid sustained foreign fund outflows and surging crude oil prices.

  • Markets snap 3-day losing streak on liquidity boost; Nifty closes above 11,000

    Mumbai: Equity benchmarks snapped their three-day losing streak Monday as the RBI announced measures to shore up liquidity amid the government pressing for a change of management at the crisis-hit IL&FS. The 30-share BSE Sensex soared 299 points in see-saw trade to close at 36,526.14, while the NSE Nifty jumped 77.85 points to reclaim the 11,000-mark. Positive manufacturing PMI data for September and healthy auto sales numbers also reassured investors, brokers said.

  • Sensex sees mixed trends in early trade

    Mumbai: The benchmark 30-share BSE Sensex recovered after falling marginally in early trade Monday amid mixed global trends. After slipping over 60 points, the index gained around 46 points to trade at 36,273.54 points. The broader Nifty index was trading almost flat at 10,920.80. The  Reserve Bank of India’s policy meeting, macro economic data announcements and trends in crude oil prices are expected to be the key factors for market movements this

  • Sensex sheds 97 points as new October series begins subdued; posts fourth straight weekly loss

    Mumbai: Falling for the third straight session, benchmark Sensex slipped over 97 points in see-saw trade Friday to close at 36,227.14, led by losses in L&T and Yes Bank. Besides, caution prevailed ahead of RBI policy meeting next week, brokers said. Selling took hold at the start of October futures and options (F&O) series in the derivatives segment as investors were concerned over the surging crude oil prices and escalating trade tensions between the

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