Free Press Journal
  • Nepal also hit as India bans `500, `1,000 notes

    Kathmandu : India’s decision to demonetise Rs 500 and Rs 1,000 currency notes had its ripple effect in Nepal – affecting transactions, depressing the share market, creating difficulties for border residents and raising concerns among citizens working in India.

  • Short covering lifts equity markets

    Mumbai: Indian equity markets surged during the mid-afternoon trade session on Monday, as short covering, value buying and lessened chances of a US rate hike buoyed investors’ sentiments.

  • Sensex makes 102-point gain on Europe cues; ONGC leads

    Mumbai: Domestic stocks took on more strength on positive cues from Europe as the benchmark Sensex rallied nearly 102 points to hit a three-week high of 28,179 ahead of a crucial meeting between the government and top management of banks on NPAs.

  • bread

    Britannia shares tank amid health concerns over ‘bread’

    New Delhi: Stocks of Britannia, Jubilant FoodWorks (Domino’s Pizza) and WestLife Development, which owns a franchisee of McDonald’s Restaurants, slipped three to twelve percent intraday on Tuesday owing health concern issues as the Centre for Science and Environment (CSE) claimed bread contains cancer-causing chemicals.

  • Sensex surges 473 pts to recover from 20-month low

    Mumbai: Equities staged a sharp pullback rally today to recover from 20-month low as the benchmark BSE Sensex surged over 473 points to 24,435.66, tracking gains in global markets on hopes of a fresh stimulus from the euro zone and rebound in oil prices.

  • BSE

    Market shapes up, Sensex bounces 359 pts on Fed bets

    Mumbai: Marking a spectacular recovery from two-month lows, the benchmark BSE Sensex today vaulted over 359 points — its biggest single-day gain in nearly seven weeks — tracking strong Asian markets on expectations that the US Fed would proceed with caution on more tightening. A firm trend prevailed in Asia after the minutes of US Fed meeting showed that it’s ready for a December lift-off provided subsequent actions are strongly tied to consistent

  • Sensex

    Bihar poll, earnings, economic data drown equity markets 

    Mumbai: Losing altitude for the third straight week, the Indian equity markets crashed to their lowest levels in around a month’s time, as tailwinds from the Bihar election outcome and macro economic numbers unsettled investors.

  • Volkswagen’s shares plunge 18.6 percent

    Frankfurt: The shares of the German carmaker Volkswagen (VW) plunged 18.6 percent as it is faced with emissions manipulations accusations in the US.

  • The 5% discount model has not yielded desired results. In fact, it leads to hammering of the stock” - top finance ministry official

    Sensex slumps below 25k to 15-mth low on weak rupee, poor monsoon

    The fall of rupee to an over two-year low, persistent concerns over slowdown in Chinese economy and lingering worries over monsoon weighed on market sentiment, taking the two benchmark indices below important psychological levels.

  • Chinese share low

    Chinese shares open lower

    Beijing: Chinese stocks opened lower on Thursday, with the benchmark Shanghai Composite Index down 1.04 percent to open at 3,754.57 points. The Shenzhen Component Index opened 0.74 percent lower at 12,864.83, Xinhua news agency reported. The ChiNext Index, tracking China’s NASDAQ-style board of growth enterprises, opened 0.54 percent lower at 2,556.77 points.

  • Chinese yuan

    Chinese yuan strengthens against USD

    Beijing: The central parity rate of the Chinese yuan, strengthened by 48 basis points to 6.3915 against the US dollar on Thursday, Xinhua reported, citing the China Foreign Exchange Trading System. In China’s spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day. The People’s Bank of China reformed the exchange rate formation system on August 11 to better reflect

  • Nestle

    Nestle shares dip 5% as Government files case against Maggi

    Mumbai: Shares of Nestle India fell by almost 5 per cent today after the government filed a class action suit against the company seeking about Rs 640 crore in damages for alleged unfair trade practices, false labelling and misleading advertisements. The stock dipped 4.7 per cent to Rs 6,008.20 at the BSE. On the NSE, it went down by 4.91 per cent to Rs 6,007.05. The Consumer Affairs Ministry has dragged the company to

  • Sensex down

    Sensex closes 64 points down

    Mumbai: A benchmark index for Indian equities, the sensitive index (Sensex) of the Bombay Stock Exchange, closed 64.24 points or 0.23 percent down on Tuesday. The wider 50-scrip Nifty of the National Stock Exchange (NSE) also closed 11.25 points or 0.14 percent down at 8,320.70 points.

  • Budget 2015

    ‘Budget has not been presented with an eye on share market’

    New Delhi: Commenting on proposals of Union Budget 2015-16, CA Sanjay Dongre and CA CV Deodhar said the budget is pragmatic and has not been presented with an eye on share market. It will benefit poor, senior citizen, students, farmers and under privileged class. In this budget, the thrust is on infrastructure, housing for poor, agriculture and boosting domestic investment. The introduction of GST will benefit corporate and consumers alike. By allocating