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Posted on: June 13th, 2014 and is filed under Market News.

Rupee logs biggest daily drop in 4 month; settles at 59.77 vs $

Zee Media Bureau New Delhi: Indian Rupee on Friday extended its earlier fall and ended lower by 52 paise to end at 59.77 versus the USD on a strong US currency demand. Rupee finally closed at 59.77 after touching the day’s high and low of 59.80 and 59.29 respectively. Meanwhile, …

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Posted on: June 10th, 2014 and is filed under Market News.

High-tech algo trades pick up

Share of volumes through computer-generated algorithmic orders rising fast, but smaller players still trying to catch up in technology stakes An increasing proportion of the volumes driving the Sensex rise has come from algorithmic trading. Automated trading strategies have risen to near…

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Posted on: June 3rd, 2014 and is filed under Market News.

PM’s 100-day agenda: Energy ministers gear up

With pertoleum ministry rooting for the poor, proposal for hike in cooking gas may be shot down With the Narendra Modi led-government asking every ministry to come up with a 100-day agenda, the petroleum ministry is planning to line up a priority list. The list includes clarity on polici…

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Posted on: May 31st, 2014 and is filed under Market News.

PSU equity: Govt stake cut move gets thumbs-up

Market watchers say Sebi proposal, if accepted, will boost retail participation, level the equity arena with private companies The Securities and Exchange Board of India’s (Sebi) move to raise the minimum public shareholding in government-run companies to 25 per cent can drive more ret…

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Posted on: May 27th, 2014 and is filed under Market News.

Narendra Modi’s Cabinet takes first decision, forms SIT to unearth black money

Zee Media Bureau New Delhi: Prime Minister Narendra Modi-led NDA government’s first Cabinet meet on Tuesday took a crucial decision to form a Special Investigation Team (SIT) to probe black money, mostly stashed abroad. The Union Cabinet was chaired by Prime Minister Modi. Addre…

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Posted on: May 26th, 2014 and is filed under Market News.

New Delhi geared up to crown ‘PM Modi’ today

Security beefed up for oath-taking ceremony; MPs told not to bring their spouses along When the Bharatiya Janata Party’s (BJP’s) Narendra Modi and his ministers take oath of office in the forecourt of Rashtrapati Bhavan on Monday, the ceremony to mark the occasion will not on…

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Posted on: May 22nd, 2014 and is filed under Market News.

India back in top 10 global markets

Overtakes Australia following the election rally; market cap could cross $1.5 trillion in 12 months, close to that of Switzerland The total value of India’s listed companies might well waltz across the $1.5-trillion mark, as well as come close to climbing another step on the top-10 clu…

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Posted on: May 20th, 2014 and is filed under Market News.

Modi rally charges up power, infra stocks

Banking on upturn in Indian economy, foreign brokerages upgrade Sensex targets The Modi effect continued to create ripples in the market on Monday, the first full trading session since the election outcome. Though the benchmark indices gained just one per cent, the real action was seen i…

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Posted on: May 14th, 2014 and is filed under Market News.

Reform hopes breathe life into PSU stocks

BHEL, BEL, BEML, Oriental Bank of Commerce, Power Finance have rallied more than 5% Shares of public sector undertakings (PSUs) gained on Tuesday after Monday evening’s exit poll data projected the Bharatiya Janata Party–led National Democratic Alliance (NDA) crossing the majority ma…

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Posted on: May 10th, 2014 and is filed under Market News.

Sensex sniffs Modi win, kisses 23,000

Buzz on leaked exit poll data showing a clear majority for an alliance led to rally; Rs 2 lakh cr added to investor wealth since beginning of elections The benchmark BSE Sensex and National Stock Exchange (NSE) Nifty touched record highs on Friday, as market participants stepped up bets …

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