Stocks

Equity benchmark Sensex opened on a strong note and surged nearly 400 points in early trade on Friday as investor sentiments improved amid positive leads from Asian markets and overnight gains on the Wall Street. The 30-share index was trading 395.08 points or 1.08 per cent higher at 36,948.68, and the NSE Nifty climbed 121.50 points or 1.12 per cent...

Equity benchmark Sensex plunged over 600 points in early trade on Thursday, tracking massive sell-off in global stocks amid heavy foreign fund outflow. After sinking 609.63 points, the 30-share index was trading 571.26 points or 1.52 per cent lower at 37,097.16, and the NSE Nifty cracked 169.40 points or 1.52 per cent to 10,962.45. All Sensex components were in the red...

Billionaire Mukesh Ambani-led Reliance Industries said on Wednesday that the US-based investment firm KKR will buy a 1.28 per cent stake in its retail arm, Reliance Retail Ventures, for ₹ 5,550 crore. The transaction gave Reliance Retail an equity value of ₹ 4.21 lakh crore, Reliance Industries said in a regulatory filing before market hours on Wednesday. The deal...

Extending its losses for the fifth straight session, equity benchmark Sensex ended 66 points lower on Wednesday, tracking weakness in Bharti Airtel, TCS and Bajaj Finance despite largely positive cues from global markets. After opening on a positive note, the 30-share BSE index pared all intra-day gains to settle 65.66 points or 0.17 per cent down at 37,668.42. Similarly, the NSE...

Gold refiner Rajesh Exports has reported 49.61 per cent fall in consolidated net profit at Rs 152.13 crore for the quarter ended June 30, 2020. The company had posted net profit of Rs 301.94 crore in the corresponding period a year ago. Its total income from operations in the quarter under review stood at Rs 46,054.55 crore, up 13.37...

Domestic equity benchmark Sensex jumped over 250 points in early trade on Thursday led by gains in index majors Reliance Industries, ICICI Bank and SBI amid positive cues from global markets. The 30-share BSE index was trading 269.92 points or 0.71 per cent higher at 38,463.84; while the NSE Nifty rose 73.05 points or 0.65 per cent to 11,351.05....

Asian stock markets rose on Thursday after Wall Street turned in its biggest daily gain since July despite uncertainty about the global outlook. Benchmarks in Shanghai, Tokyo, Seoul and Sydney all advanced. Wall Street's benchmark S&P 500 index gained 1.5% on Wednesday after a report on hiring that some analyst said might indicate the US job market recovery could...

Equity benchmarks notched up gains for the second straight session on Wednesday, propelled by market heavyweight Reliance Industries amid upbeat global cues. However, border tensions with China and a weakening rupee capped the upside, traders said. After starting on a choppy note, the BSE Sensex gained momentum in late-afternoon trade, before finally closing at 39,086.03, up 185.23 points or...

An 8,764 per cent surge in the shares of a company with a minuscule public shareholding has prompted the Securities and Exchange Board of India to consider changing its rules for firms emerging from the nation's bankruptcy process. The regulator has sought comments on a proposal to cut the time given to companies that re-list after bankruptcy resolution to...

Markets regulator Sebi on Wednesday proposed relaxation in norms pertaining to 25 per cent minimum public shareholding for companies which undergo corporate insolvency resolution and seek relisting following the process. Besides, it proposed enhanced disclosure for such companies. Sebi said it is possible that pursuant to implementation of the resolution plan, the public shareholding in...