Sydney: The loss of market confidence in economic leadership in key countries like the United States and Europe coupled with a fragile economic recovery have pushed markets into a new danger zone, something that policymakers have to take seriously, the head of the World Bank said on Sunda…

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Foreign institutional investors (FII) have offloaded shares worth $1.30 billion (about Rs 5,829.40 crore) in the Indian equity market so far this month, as stock markets were rattled by global economic uncertainty. In August 1-12 this year, overseas investors purchased equities worth a g…

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Tata Steel today reported nearly three-fold jump in consolidated net profit at Rs 5,347 crore for the quarter ended June 30, buoyed by mainly one-time gain after sale of stakes in Australian mining firm Riversdale and Tata Refractories. The company had reported a net profit of Rs 1,825 c…

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Nifty is currently trading below good support levels of 5200. technically it has turned weak and likely to test next strong support at 4750-4800 in near term. News flow from global markets is also not good at this point of time. Below is the 2 year chart for Nifty …

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Shares of IT company Mahindra Satyam surged by 15% in early trade on the bourses today after the company clocked a Rs 225 crore profit for the June quarter. After a robust opening, the stock spurted by 15% to touch an early peak of Rs 81.80 on the NSE. A similar trend was witnessed on th…

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NEW YORK (AP) — The Federal Reserve spoke — and financial markets swung wildly before rallying. The Dow rose nearly 200 points about an hour after the Fed’s statement was released. But stocks first sank after the Fed said that economic growth this year has been “c…

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Markets rebounded smartly on the back of strong cues from European markets. The BSE Sensex recovered 660 points from the days low, thanks to recovery in realty and auto sectors. The index, however, is unchanged at 16,939. The Nifty is up 14 points at 5,131. Global markets recovered follo…

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Stocks sank, extending the worst U.S. slump since the bear market in 2008, while Treasuries gained and gold reached a record after Standard & Poor’s cut the nation’s credit rating. The Dow Jones Industrial Average lost as much as 605 points, led by a 22 percent slide in Bank of A…

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Investors say stocks to drift further, but impact of rating downgrade may be short-term. The mood on Dalal Street has soured further after Standard & Poor’s cut the long-term US credit rating by one notch to AA-plus from top-tier AAA. But investors have not pressed the panic butto…

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Standard & Poor’s downgraded the U.S.’s AAA credit rating for the first time, slamming the nation’s political process and criticizing lawmakers for failing to cut spending enough to reduce record budget deficits. S&P lowered the U.S. one level to AA+ while keeping the out…

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