MUMBAI: Investors lost over Rs 2.54 lakh crore on Monday as the market gave a thumbs-down to the Union Budget 2009-10, which failed to provide a budget24.jpg concrete road map for reducing the burgeoning fiscal deficit. The total investors’ wealth, measured in terms of combined m…

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Anil Ambani group firm Reliance Capital (R-Cap) has exited Mukesh Ambani-led Reliance Industries (RIL) by offloading an investment worth Rs 129.88 crore in the shares of the country’s most valued firm. However, R-Cap continues to hold a little over 1 per cent stake in another Mukesh…

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MUMBAI: The country’s top-10 firms added Rs 32,000 crore to their market capitalisation last week, with public sector oil firm Oil and Natural Gas Corp (ONGC) contributing the major chunk. ONGC added Rs 20,052 crore to its market-cap, taking the total valuation to Rs 2,42,687 cror…

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The market discounted weak global cues and surged ahead of the Union Budget on Monday. Index heavyweights Reliance Industries, ICICI Bank, HDFC and Larsen & Toubro led the 1.75 per cent gains in BSE Sensex & SP CNX Nifty. The Nifty cleared the resistance level of 4,350 to close …

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Sensex surged 257 points at 14,915 while, Nifty surged 75 points or 1.8% to shut shop at 4,424. The BSE Sensex surged 257 points at 14,915 after touching a high of 14,946 and a low of 14,499. The index had opened at 14,553 against the previous close of 14,658. The NSE Nifty surged 75 po…

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MUMBAI: Actively-managed diversified stock funds in India gained an average 48.7 per cent in three months to June, their best quarterly rise since 1992, as domestic shares clocked their biggest surge in 17 years. JM Core 11 Fund, a concentrated 11-stock portfolio managed by Asit Bhandark…

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MUMBAI: Indian markets ended higher on Wednesday as investors bought stocks at lower levels. Rate sensitive like realty, auto and banks were the top performing sectors. National Stock Exchange’s Nifty closed at 4342.15, up 51.05 points or 1.19 per cent. The index touched an intra-day …

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MUMBAI: Indian markets ignored the global markets and ended sharply lower on Tuesday as investors booked profits ahead of Union budget next week. All the sectoral indices were down led by losses in realty, metals and capital goods. National Stock Exchange’s Nifty ended at 4300.85, down…

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MUMBAI: Equity mutual funds are handing out dividends to investors like never before. Fund houses such as Franklin Templeton, SBI Mutual, HDFC Mutual Funds MF Investments When do you jump a mutual fund? More paperwork for MF investments! MF, Reliance MF, Tata MF and UTI have announce…

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Talk about the Indian equity market and the discussion invariably shifts to foreign institutional investors (FIIs). And their mention is not Graph More Pictures without merit. Over the years, FIIs have become a big force on Dalal Street and had a big role to play in the 5-year long bul…

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