MUMBAI: The country’s top 10 firms lost over Rs 63,000 crore from their market capitalisation last week, with Reliance Industries alone accounting for over one-third of the value erosion of the premier club. …

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MUMBAI: Indian equities ended sharply lower on Friday but off lows as traders covered shorts at crucial support levels. Banks, IT and metals ended with maximum losses. National Stock Exchange’s Nifty closed at 2745.40, down 43.95 points or 1.58 per cent. The index held on to its major s…

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As was anticipated by us, Hindustan Unilever Ltd (HUL) has started passing on the benefits of the declining raw material prices and the savings on account of the reduction in the excise duty recently announced by the government in a stimulus package. The company reduced the prices and inc…

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MUMBAI: Key indices ended in deep red on Tuesday after extending losses for second straight day. Traders unwound positions in sectors like realty, banks and metals space after interim budget turned out to be a non-event. Weakness in global markets also dampened sentiments. …

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By Hitendra Vasudeo, Technical Analyst : Until last week, the Sensex moved in a band of 9438-8631. After forming a low of 8631, the Sensex made higher low last week and crossed 9438. Last week’s close was also above 9438 with a positive weekly candle. In short, we have a breakout situat…

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Sebi is working on the details of a variable load structure.Mutual fund investors in India may no longer have to pay entry or exit charges (loads) if the Securities and Exchange Board of India (Sebi) approves a proposed variable load structure for these instruments. Distributors, however,…

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MUMBAI: Equities witnessed a dull trade Wednesday as investors chose to stay away in a directionless market. Metal and realty space ended higher while healthcare closed marginally lower. National Stock Exchange’s Nifty ended at 2803.05, up 19.15 points or 0.69 per cent. The broader inde…

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The government has decided to make all former Satyam Computer Services top executives and board members, including the independent directors, answerable for the fraud in the company on grounds that they “attempted to enrich themselves unjustifiably at the cost of the company and its…

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MUMBAI: Gilt funds and income funds (medium and long term debt schemes) seem to be the flavour of the season. Financial investors are recommending them to their clients, who are lapping them up. If you look at the performance of the category in the past one year, you would understand why….

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Massive economic stimulus bill swiftly passes Dem-controlled House after prodding by Obama WASHINGTON (AP) — In a swift victory for President Barack Obama, the Democratic-controlled House approved a historically huge $819 billion stimulus bill Wednesday night with spending increas…

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