Stocks

The S&P BSE Sensex and NSE Nifty 50 indexes snapped their three-day losing streak, led by buying interest in banking shares after ICICI Bank and IndusInd Bank reported strong September quarter earnings. However, the upside for benchmarks was capped as the country's most valued company - Reliance Industries shares - dropped as much as 9.46 per cent, the most...

World stocks fell further and oil headed for a double-digit weekly slide on Friday as jitters over a rising global COVID-19 infection rate and next week's US presidential election more than offset strong euro zone quarterly growth data. A strong central bank-fuelled bounce back from the initial pandemic slide earlier in the year has faltered this week, with concerns about an...

Industrial conglomerate Larsen & Toubro's shares fell nearly 6 per cent on Thursday, a day after the company reported a quarterly loss from continuing operations on a standalone basis. In a regulatory filing after market hours on Wednesday, the infrastructure major said its net loss from continuing operations came in at Rs 1,767.10 crore in the July-September period, as against a net profit...

Telecom major Bharti Airtel on Tuesday reported a revenue of ₹ 25,785 crore in the July-September period, its highest ever in a quarter, boosted by higher tariffs and a rise in data usage from a coronavirus-fuelled shift to remote working. The jump in revenue for Bharti Airtel comes at a time when the country's telecom sector is grappling with...

Industry body PHDCCI expects India's GDP to contract by 7.9 per cent in the current financial year and grow by 7.7 per cent in 2021-22, assessing that the worst is over and the economy is on the verge of a slow recovery. The chamber, however, stated that unemployment remains a key challenge to be addressed by the government. The PHDCCI drew...

Domestic stock markets registered sharp gains after a gap-up opening on Monday tracking gains across Asian equities as investors were optimistic around a fast recovery from the coronavirus pandemic though Chinese data dampened sentiment. The S&P BSE Sensex index jumped 396.75 points - or 0.99 per cent - to touch 40,379.73 at the strongest level in morning deals, having...

Shares of the Bengaluru-based information technology major - Wipro Ltd. - rose as much as 5.89 per cent to hit an intraday high of ₹ 355 on the BSE after the company after market hours on Wednesday informed exchanges that its board will discuss proposal to buyback equity shares at a meeting scheduled on October 13. There was usual than...

The S&P BSE Sensex and NSE Nifty 50 indexes rose for third session in a row led by rally in Tata Consultancy Services which rose after it informed exchanges that its board will consider share buyback proposal on October 7, the day it will declare its second quarter earnings. The Sensex rallied as much as 567 points to briefly...

The Finance Ministry said on Saturday that credible signs of economic growth emerged in September as the government took various measures, amid the raging coronavirus and resultant lockdowns in the past six months, to bring the economy back on track. The government's initiatives on both, demand and supply side led to the emergence of green shoots in the economy, the...

Domestic financial markets will remain shut on Friday, October 2, for Mahatma Gandhi Jayanti holiday. Trading in the markets will resume on Monday, October 5. In the four-day, holiday-truncated trading week, on account of the Mahatma Gandhi Jayanti holiday on Friday, the S&P BSE Sensex index climbed up 1,308.39 points - or 3.50 per cent - whereas the broader NSE...