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Dewan Housing cracks 60%, pulls down others: Why are NBFC stocks plummeting?

6 hours ago

Business / Business Today/ Markets

What brought on the heavy selling in the stocks of non-banking finance companies (NBFCs)? Blame it on tightness in the money market and investor concerns over rising cost of borrowing for the companies amid continuing financial crisis at IL&FS...

How Dewan Housing Finance stock caused a 1,128 point crash in Sensex today

7 hours ago

Business / Business Today/ Markets

The Dewan Housing Finance stock fell up to 60 per cent or 364 points in trade today which spurred heavy selling in other housing finance stocks...

Dewan Housing Finance stock falls 59%, other housing finance firms follow suit

8 hours ago

Business / Business Today/ Markets

The stock of Dewan Housing Finance fell 59.67% or 364 points to a new low of 246.25, the most among the NBFCs...

Sensex skips a heartbeat! NBFCs drive market down 1,100 points, recovers soon after

9 hours ago

Business / Business Today/ Markets

However, the indices later recovered on management of these companies allaying concerns over their financial position...

Sugar stocks fall as CCI imposes Rs 38 crore penalty on sugar mills

10 hours ago

Business / Business Today/ Markets

While the Bajaj Hindusthan stock lost 8.82%, Simbhaoli Sugars fell 9.77% on the BSE. Avadh Sugar and Energy (3.03%), Balrampur Chini Mills (4.45%), Mawana Sugars (6.33%), Dalmia Bharat Sugar & Industries (8.99%) and Andhra Sugars (5.28%) were the other losers on BSE...

Jet Airways stock falls to fresh 52-week low after I-T dept inspects company's books

12 hours ago

Business / Business Today/ Markets

The stock fell up to 8 percent or 19.55 points to 224.70 level in morning trade on BSE, its fresh 52-week low. At 10:52 am, the stock was trading 5.22% or 12.75 points lower at 231.50. The stock which closed at 244.25 opened at 224.70 in trade today...

Market closed on account of Muharram today

yesterday

Business / Business Today/ Markets

On Wednesday, the Sensex extended losses for the third straight session, to end at a near two-month low as cautious investors pared their portfolios, ignoring positive global cues and recovery in rupee...

Why Bank of Baroda stock plunged over 17% in trade today

3 days ago

Business / Business Today/ Markets

The stock closed 17.04% or 23 points lower on the NSE. On the BSE, the stock closed 16.03% or 21 points lower at 113 level. The market capitalisation of the stock fell by Rs 5,727 crore to Rs 30,013 crore on the BSE...

Why sugar stocks rallied for third consecutive session today

4 days ago

Business / Business Today/ Markets

The top gainer among sugar stocks was Avadh Sugar and Energy which hit the upper circuit of 19.99% to 567.15 level on BSE today. The stock of sugar manufacturer Bajaj Hindusthan Sugar rose up to 19.95% to 10.22 level on the BSE...

Equity market running ahead of fundamentals, time to book profits: Report

4 days ago

Business / Business Today/ Markets

According to the global financial services major, the valuations of Indian equities have stretched further largely driven by "financialisation of savings", improving corporate earnings outlook especially post the GST framework, and India's relative resilience to a trade war with the US...

Bharti Airtel stock closes higher as listing process for Africa business gathers pace

7 days ago

Business / Business Today/ Markets

The stock has been losing for the last three days. It has fallen 26.79% since the beginning of this year and lost 2.66% during the last one year...

This stock turned Rs 1 lakh into Rs 2 lakh in just two years, do you own it?

8 days ago

Business / Business Today/ Markets

The mid cap stock has clocked 44.62% gains during the last one year and rose 38.81% since the beginning of this year. The stock hit its all-time high of 1,116 points on August 29, 2018...

PM Modi to review economic situation: Sensex rises over 300 points, rupee recovers 60 paise from all-time low

9 days ago

Business / Business Today/ Markets

While the Sensex rose 325 points to hit an intra day high of 37,738, the Nifty recovered 93 points to touch 11,380 level. Top gainers on the Sensex were Adani Ports (2.82%) , Sun Pharma (2.77%) and ITC (2.59%)...

Sensex tumbles 509 points, Nifty ends below 11,300 level; consumer goods stocks lead losses

10 days ago

Business / Business Today/ Markets

The Sensex has seen over 1% fall in the second straight session today for first time since February 2016. On Monday, the Sensex closed 467 points or 1.22% lower at 37,922, the Nifty fell 151 points or 1.30% to 11,438 level...

Tata Global Beverages stock rises over 5% in early trade

11 days ago

Business / Business Today/ Markets

The Kolkata-based firm has restructured its international operations by merging its businesses in Canada, America and Australia (CAA) and the UK, Europe, Middle East and Africa (EMEA) regions into a single unit...

Coal India, NTPC, among 11 public sector companies shortlisted for share buyback

14 days ago

Business / Business Today/ Markets

The guidelines set by the Department mandate that companies worth Rs 2,000 crore, and cash and bank balance more than Rs 1,000 crore have to mandatorily buy back shares...

Why YES Bank stock fell over 34% in early trade today

13 hours ago

Business / Business Today/ Markets

The YES Bank stock tumbled up to 34.03% or 108 points in early trade to 210.10 level. At 9:44 am, the stock was trading 17 percent or 54 points lower at 263.65 on the BSE...

Why HDFC AMC, Reliance Nippon stocks fell over 9% in trade today

2 days ago

Business / Business Today/ Markets

While Reliance Nippon Asset Management fell over 10 percent, HDFC Asset Management Co slipped more than 9 percent in morning trade...

Sensex falls 294 points, Nifty closes below 11,300 level; SBI, Bajaj Auto, Tata Motors top losers

3 days ago

Business / Business Today/ Markets

The rupee fell 46 paise to close at 72.97 level, its lowest ever against the US dollar in trade today which dampened market sentiment. The Indian currency had closed at 72.51 to the dollar on Monday. Led by the sharp fall in stocks, the market capitalisation (m-cap) of BSE-listed companies plunged by Rs 2,72,549.15 crore to Rs 1,53,64,470 crore since Friday...

Dark Monday on D-Street: Sensex crashes 505 pts, Nifty below 11,400 amid rupee fall, trade war fears

4 days ago

Business / Business Today/ Markets

While the Sensex fell 505 points or 1.33% to 37,585 level, the Nifty lost 137 points or 1.19% to 11,377 level. Subdued Asian and European markets due to escalating trade war between the US and China mainly led to a caution on domestic bourses, brokers said...

Govt to raise Rs 815 crore via two PSU IPOs in September

5 days ago

Business / Business Today/ Markets

Railways engineering and construction firm Ircon International and defence shipbuilder Garden Reach Shipbuilders and Engineers will come out with their IPOs this month...

Why sugar stocks rose up to 20% in trade today

7 days ago

Business / Business Today/ Markets

The top gainer among sugar stocks was Avadh Sugar and Energy which hit the upper circuit of 19.99% to 472.65 level on BSE today. On Wednesday, the stock closed 6.47 per cent higher at Rs 393.90 on the BSE...

Apple loses $13 billion in market capitalisation after launch of new iPhones

8 days ago

Business / Business Today/ Markets

The stock closed 1.24% lower at $221.07 yesterday which led to its market capitalisation falling from $1.081 trillion on Septemebr 11 to $1.068 trillion in September 12, amounting to a loss of $13 billion in market capitalisation...

Titan Company stock falls 3.7% after Credit Suisse cuts target price

9 days ago

Business / Business Today/ Markets

Credit Suisse in a note said an overhang on Titan is potential regulatory action if rupee depreciation worsens. In 2013, govt had taken measures to curtail gold imports to support the currency...

Sensex plunges 467 points, Nifty closes below 11,500 amid weak rupee, US-China trade war fears

11 days ago

Business / Business Today/ Markets

Brokers said weakness was seen in most Asian markets as investors were cautious amid fears of a possible escalation in the US-China trade conflict...

Sensex falls over 200 pts on weak global cues; Nifty below 11,550

11 days ago

Business / Business Today/ Markets

At 10:09 am, the Sensex was trading 206.85 points, or 0.54 per cent lower to 38,127.97. The laggards include Yes Bank, PowerGrid, Kotak Bank, ONGC, Hero MotoCorp, HUL, HDFC Bank, ICICI Bank, HDFC, Tata Motors, Sun Pharma and Asian Paint Sun Pharma, Yes Bank, SBI, ICICI Bank, NTPC, ONGC and Maruti Suzuki, falling up to 2.12 per cent...

IRCON IPO subscribed 9.85 times; may fetch govt Rs 466 crore

yesterday

Business / Business Today/ Markets

The IPO is of 99,05,157 shares with a price band of Rs 470-475 per share. The government is selling 10.5 per cent stake or about 99.05 lakh equity shares, including 5 lakh shares to employees...

Bank of Baroda stock pares minor losses, Dena Bank sees profit-booking in trade today

2 days ago

Business / Business Today/ Markets

While the Bank of Baroda stock was trading 2.07% higher at 115.80 on the BSE, the Dena Bank stock fell 1.31% to trade at 18.85 level against the previous close of 19.10 level. On Tuesday, the Bank of Baroda stock closed 17.04% or 23 points lower on the NSE. On the BSE, the stock closed 16.03% or 21 points lower at 113 level...

Bank of Baroda stock falls 14%, Dena Bank rises 20% after merger announcement

3 days ago

Business / Business Today/ Markets

Dena Bank was on RBI's Prompt Corrective Action (PCA) list and other two banks have the strength to subsume a weaker bank, Finance Minister Arun Jaitley said on Monday...

Sensex falls below 38,000 level, Nifty breaches 11,400 mark on global cues, weaker rupee

4 days ago

Business / Business Today/ Markets

The Sensex had rallied 677.51 points in the previous two sessions on sustained buying by domestic institutional investors. At 10: 37 am, the Sensex was trading 442 points lower at 37,647. The Nifty was down 125 points to 11,390...

Sensex, Nifty rise on macro data, rupee recovery; post second weekly loss

7 days ago

Business / Business Today/ Markets

All sectoral indices ended in the green, led by realty, power, consumer durables and metals. Brokers said sentiment was bullish on continuous recovery in the rupee amid reports that the government may announce steps to prop up the domestic unit...

Sensex rises over 200 points, Nifty reclaims 11,450 level; rupee gains 50 paise

7 days ago

Business / Business Today/ Markets

At 9:57 am, the Sensex rose 205 points to 37,923 level. The Nifty too gained 72.85 points to 11,442 points. Brent crude, which hit $80 per barrel two days ago, was trading at $78.25 a barrel...

Market closed on account of Ganesh Chaturthi today

8 days ago

Business / Business Today/ Markets

Sentiment was bolstered on Wednesday after the government said all steps will be taken to ensure the domestic currency does not depreciate to "unreasonable levels", amid reports that Prime Minister Narendra Modi will take stock of the economic situation over the weekend...

How CAD data returned to haunt the stock market after five years

10 days ago

Business / Business Today/ Markets

Today, the market extended losses with the Sensex closing 509 points or 1.34% lower at 37,413. Nifty too fell 150 points or 1.32% to 11,287 level. The Sensex has lost nearly 1,000 points in the last two sessions in a rout triggered by the worsening trade data. The Nifty too has lost 300 points in the same period...

Five factors why Sensex, Nifty fell over 1% in trade today

11 days ago

Business / Business Today/ Markets

Sectorally, auto and banking stocks were the top losers with BSE auto index falling 248 points and BSE bankex losing 241 points. On Nifty, top losers were Bajaj Finance, Sun Pharma and Bajaj Finserv...

Axis Bank stock rises to fresh 52-week high post appointment of new CEO

11 days ago

Business / Business Today/ Markets

The stock rose to its 52-week high level of 675.70 in early morning trade rising more than 4.63% in early morning trade. The stock has been gaining for the last three days and has risen 5.51% during the period...