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Stock market: Nifty, Sensex show signs of recovery during early trade

New Delhi, Aug 25 (ANI): After plummeting sharply during yesterday's trading, the Bombay Stock Exchange (BSE) Sensex on Tuesday gained more than 356 points to touch 26,098 at the opening. According to reports, the NIFTY has also gained close to 100 points during the opening trade. The BSE Sensex dropped 5.94 percent yesterday, its biggest daily percentage fall since Jan. 7, 2009. The index fell to as low as 25,624.72 at one point, its lowest intraday level since August 11, 2014. Meanwhile, the Nifty lost 5.92 percent yesterday, also its biggest fall since Jan. 7 2009. It earlier hit a low of 7,769.40: it's lowest since Oct. 17, 2014. The rupee fell to as low as 66.74 per dollar on Monday, it's lowest since September 2013, as Asian markets reeled under fears of a China-led global economic slowdown.

Experts ask govt to take corrective steps after steep fall in market

New Delhi/ Mumbai, Aug 25 (ANI): India's top industry body urged the government and the federal bank to take corrective steps after market witnessed steep falls following a China-led sell-off across Asia. The Bombay Stock Exchange (BSE) Sensex and Nifty slumped nearly 6 percent on Monday, posting their biggest daily falls since January 2009 as steep falls in Chinese equities sparked widespread unrest in global markets. The rupee also fell, hitting its weakest since early September 2013, and prompting Reserve Bank of India (RBI) Governor Raghuram Rajan to say he stood ready to deploy foreign exchange reserves to curb volatility in the currency. The Associated Chambers of Commerce and Industry of India (ASSOCHAM) said India could become a dumping ground if the current situation lasted for long. Still, analysts believe Indian markets could be hurt less than other countries given its sturdier economic fundamentals, including a narrow current account deficit and the government's commitment

BSE closes 1,624.51 points down on August 24

New Delhi, Aug 24 (ANI): Trading at the Bombay Stock Exchange today closed 1,624.51 points down to stand at 25,741.56. At the National Stock Exchange the Nifty closed 490.95 points down to stand at 7,809.00.Usha Martin Education and Solutions Limited and Orissa Sponge Iron and Steel Ltd were among the top gainers of group A with an increase of 20.00% and 19.92% along with Videocon Industries Ltd and NMDC Ltd with an increase of 0.33% and 0.27% respectively, while the top losers of group A include Amtek Auto Ltd and Wockhardt Ltd with a decrease of 24.96% and 21.34% along with Vakrangee Limited and Jet Airways (India) Ltd with a decrease of 20.00% and 19.50% at the close of the markets. The Auto sector is down 1,429.85 points at 17,365.29 while the Banking sector is down 1,445.76 points at 19,241.94 and the Realty sector is down 142.12 points at 1,158.36.The Indian currency is up 1.31% at Rs 66.69 per dollar.

Impact of market turmoil on India, transient says Jaitley

New Delhi, Aug 24 (ANI): While addressing a two day annual conference of the Chief Commissioners and Director Generals of Central Board of Excise and Customs, Union Finance Minister Arun Jaitley, said that the prolonged global market turmoil followed by market crash today, was only a transient impact on the Indian economy. Jaitley also said global economy affects India's economy is a resultant of the fact of global markets integration. He also informed that revenue targets fixed for this year are very realistic. He further addressed the tax collectors and made them aware that their role as tax collectors is going to be exceedingly important in the near future.

BSE closes 241.75 points down on August 21

New Delhi, Aug 21 (ANI): Trading at the Bombay Stock Exchange today closed 241.75 points down to stand at 27,366.07. At the National Stock Exchange the Nifty closed 72.80 points down to stand at 8,299.95. Videocon Industries Ltd and SREI Infrastructure Finance Ltd were among the top gainers of group A with an increase of 16.37% and 7.30% along with Ceat Ltd and Jubilant Life Sciences Ltd with an increase of 5.06% and 4.68% respectively, while the top losers of group A include Sunrise Asian Ltd and Central Bank of India with a decrease of 19.99% and 8.26% along with Balrampur Chini Mills Ltd and Godrej Properties Ltd with a decrease of 5.95% and 5.58% at the close of the markets. The Auto sector is down 396.42 points at 18,795.14 while the Banking sector is down 308.83 points at 20,647.75 and the Realty sector is down 34.04 points at 1,300.48. The Indian currency is up 0.51% at Rs 65.88 per dollar.

BSE closes 323.82 points down on August 20

New Delhi, Aug 20 (ANI): Trading at the Bombay Stock Exchange today closed323.82 points down to stand at 27,607.82. At the National Stock Exchange the Nifty closed 122.40 points down to stand at 8,372.75. Delta Corp Ltd and Lupin Ltd were among the top gainers of group A with an increase of 8.42% and 5.39% along with ITC Ltd and Crisil Ltd with an increase of 3.90%and 2.96% respectively, while the top losers of group A include Amtek Auto Ltd and Central Bank of India with a decrease of 28.37% and 17.39% along with Videocon Industries Ltd and Vakrangee Limited with a decrease of 16.88% and 16.33% at the close of the markets. The Auto sector is down 353.22 points at 19,191.56 while the Banking sector is down 499.82 points at 20,956.58 and the Realty sector is down 57.53 points at1,334.52.The Indian currency is up 0.34% at Rs 65.49 per dollar.

BSE closes 46.73 points down on August 18

New Delhi, Aug 18 (ANI): Trading at the Bombay Stock Exchange today closed 46.73 points down to stand at 27,831.54. At the National Stock Exchange the Nifty closed 10.75 points down to stand at 8,466.55. TATA Elxsi Ltd and Jaypee Infratech Ltd were among the top gainers of group A with an increase of 19.71% and 10.85% along with and Escorts Ltd and JK Tyre and Industries Ltd with an increase of 9.52% and 8.46% respectively, while the top losers of group A include Indian Bank and Kailash Auto Finance Ltd with a decrease of 4.89% and 4.86% along with SUN TV Network Ltd and GAIL (India) Ltd with a decrease of 4.48% and 4.43% at the close of the markets. The Auto sector is up 116.58 points at 19,454.47 while the Banking sector is down 42.14 points at 21,555.41 and the Realty sector is down 4.45 points at 1,406.31. The Indian currency is up 0.00% at Rs 65.32 per dollar.

BSE closes points 189.04 down on August 17

New Delhi, Aug 17 (ANI): Trading at the Bombay Stock Exchange today closed 189.04 points down to stand at 27,878.27. At the National Stock Exchange the Nifty closed 41.25 points down to stand at 8,477.30. Bank of Baroda and Canara Bank were among the top gainers of group A with an increase of 15.15% and 13.42% along with and Srei Infrastructure Finance Ltd and Indian Bank with an increase of 9.33% and 9.01% respectively, while the top losers of group A include Kaveri Seed Company Ltd and Punj Lloyd Ltd with a decrease of 16.97% and 12.20% along with Amtek Auto Ltd and Jet Airways (India) Ltd with a decrease of 10.82% and 5.16% at the close of the markets. The Auto sector is down 123.79 points at 19,337.89 while the Banking sector is up 109.31 points at 21,597.55 and the Realty sector is down 18.27 points at 1,410.76. The Indian currency is up 0.51% at Rs 65.33 per dollar.

PSBs are struggling, but no reason to panic says Jaitely

New Delhi, Aug 14 (ANI): While addressing a press conference in New Delhi on Friday, Finance Minister, Arun Jaitely, declared the steps taken to address the issues of struggling Public Sector Banks, and assured that there is no cause for panic. Jaitely said sectors like steel, power, highways, discoms, sugar are responsible for the stress in the PSBs. He further announced a new policy for monitoring Public Sector Banks on the basis of key performance indicators. He specifically mentioned about the stress in the steel sector and explained external factors are responsible for the same.

BSE closes points 37.27 up on August 13

New Delhi, Aug 13 (ANI): Trading at the Bombay Stock Exchange today closed 37.27 points up to stand at 27,549.53. At the National Stock Exchange the Nifty closed 6.40 points up to stand at 8,355.85. Jet Airways (India) Ltd and Adani Ports and Special Economic Zone Ltd were among the top gainers of group A with an increase of 4.32% and 3.99% along with Oberoi Realty Ltd and SKS Microfinance Ltd with an increase of 3.84% and 3.61% respectively, while the top losers of group A include Jindal Steel and Power Ltd and National Alluminium Co.Ltd with a decrease of 11.10% and 9.69% along with Reliance Communication Ltd and Vedanta Ltd with a decrease of 9.38%and9.26% at the close of the markets. The Auto sector is up 81.02 points at 19,005.80 while the Banking sector is up 140.54 points at 20,852.31 and the Realty sector is down 19.39 points at 1,328.04.The Indian currency is up 0.49%% at Rs 65.09 per dollar.

BSE closes points 353.83 down on August 12

New Delhi, Aug 12 (ANI): Trading at the Bombay Stock Exchange today closed 353.83 points down to stand at 27,512.26. At the National Stock Exchange the Nifty closed 108.55 points down to stand at 8,353.80. Rajesh Exports Ltd and Cadila Healthcare Ltd were among the top gainers of group A with an increase of 6.01% and 4.44% along with Infosys Ltd and HCL Technologies Ltd with an increase of 3.39% and 3.19% respectively, while the top losers of group A include Housing Development and Infrastructure Ltd and Vedanta Limited with a decrease of 8.96% and 8.03% along with Hindustan Petroleum Corporation Ltd and Indian Oil Corporation Ltd with a decrease of 7.56% and 7.26% at the close of the markets. The Auto sector is down 458.46 points at 18,960.37 while the Banking sector is down 644.35 points at 20,711.77 and the Realty sector is down 77.20 points at 1,347.43. The Indian currency is up 1.03% at Rs 64.85 per dollar.

Mercedes- Benz launches AMG S63 in India

Bengaluru, Aug 12 (ANI): German automaker Mercedes-Benz rolled out its latest luxurious sedan Mercedes-AMG S63 in India, which combines high driving performance with ultimate luxury. The vehicle is priced between rupees 25-30 million. Mercedes-Benz India Managing Director, Eberhard Kern, said it was high level of luxury limousine driving in India. Mercedes-Benz plans to increase the number of cars it makes in India, hoping to trim retail prices to help grab a bigger share of a luxury car market where competition is intensifying from rivals Audi and BMW.

BSE closes points 235.63 down on August 11

New Delhi, Aug 11 (ANI): Trading at the Bombay Stock Exchange today closed 235.63 points down to stand at 27,866.09. At the National Stock Exchange the Nifty closed 63.25 points down to stand at 8,462.35. Jubilant Life Sciences Ltd and NIIT Technologies Ltd were among the top gainers of group A with an increase of 10.64% and 6.85% along with Eclerx Services Ltd and Ajanta Pharma Ltd with an increase of 6.66% and 3.97% respectively, while the top losers of group A include Apollo Tyres Ltd and Jain Irrigation Systems Ltd with a decrease of 12.46% and 8.22% along with Engineers India Ltd and JK Tyres and Industries Ltd with a decrease of 6.51% and 6.32% at the close of the markets. The Auto sector is down 259.14 points at 19,418.83 while the Banking sector is down 331.79 points at 21,356.12 and the Realty sector is down 24.44 points at 1,424.63. The Indian currency is up 0.56% at Rs 64.23 per dollar.

BSE closes points 134.67 down on August 10

New Delhi, Aug 10 (ANI): Trading at the Bombay Stock Exchange today closed 134.67 points down to stand at 28,101.72. At the National Stock Exchange the Nifty closed 39.00 points down to stand at 8,525.60. Gujarat State Petronet Ltd and Godrej Properties Ltd were among the top gainers of group A with an increase of 6.48% and 6.42 % along with Eclerx Services Ltd and Trent Ltd with an increase of 6.38% and 5.52% respectively, while the top losers of group A include Mangalore Refinery and Petrochemicals Ltd and Jaiprakash Associates Ltd with a decrease of 10.31% and 7.47% along with Jaiprakash Power Ventures Limited and Alembic Pharmaceuticals Ltd with a decrease of 6.23% and 6.21% at the close of the markets. The Auto sector is down 87.20 points at 19,677.97 while the Banking sector is down 14.49 points at 21,687.91 and the Realty sector is up 11.87 points at 1,449.07. The Indian currency is up 0.07% at Rs 63.86 per dollar.

BSE closes points 61.74 down on August 7

New Delhi, Aug 7 (ANI): Trading at the Bombay Stock Exchange today closed 61.74 points down to stand at 28,236.39. At the National Stock Exchange the Nifty closed 24.05 points down to stand at 8,564.60. MRPL and ATUL were among the top gainers of group A with an increase of 9.49% and 8.47% along with HINDUSTAN PETROLEUM CORPORATION LTD and NEYVELI LIGNITE CORPORATION LTD. with an increase of 6.95% and 5.59% respectively, while the top losers of group A include Jaypee Infratech Ltd and MOTHERSON SUMI SYSTEMS LTD. with a decrease of 7.59 % and 6.23 % along with BHEL and ADANI ENTERPRISES LTD. with a decrease of 5.81 % and 5.14 % at the close of the markets. The Auto sector is up 13.29 points at 19,765.17 while the Banking sector is down161.64 points at 21,702.40 and the Realty sector is down 4.76 points at 1,437.20. The Indian currency is down 0.14% at Rs 63.82 per dollar.

BSE closes points 75.05 up on August 6

New Delhi, Aug 6 (ANI): Trading at the Bombay Stock Exchange today closed 75.05 points up to stand at 28,298.13. At the National Stock Exchange the Nifty closed 20.70 points up to stand at 8,588.65. Jaiprakash Power Ventures Ltd andAlok Industries Ltd were among the top gainers of group A with an increase of19.64% and 12.88% along with Cummins India Ltd and BF Utilities Ltd with an increase of 12.77% and 9.61% respectively, while the top losers of group A include Nestle India Ltd and Bata India Ltd with a decrease of 5.03% and 4.92% along with Motherson Sumi Systems Ltd and Welspun Corp Ltd with a decrease of 4.86% and4.52% at the close of the markets. The Auto sector is up 110.80 points at 19,751.88 while the Banking sector is up 120.30 points at 21,864.04 and the Realty sector is up 6.76 points at 1,441.96. The Indian currency is up 0.03% at Rs 63.77 per dollar.

BSE closes points 151.15 up on August 5

New Delhi, August 5 (ANI): Trading at the Bombay Stock Exchange today closed 151.15 points up to stand at 28,223.08. At the National Stock Exchange the Nifty closed 51.05 points up to stand at 8,567.95. Shipping Corporation of India Ltd and Suzlon Energy Ltd were among the top gainers of group A with an increase of 10.68% and 10.45% along with Hindustan Construction Co. Ltd and Atul Ltd with an increase of 9.19% and 7.77% respectively, while the top losers of group A include Kailash Auto Finance Ltd and Bharti Infratel Ltd with a decrease of 4.86% and 4.04% along with Raymond Ltd and Essar Oil Ltd with a decrease of 3.87% and 3.23% at the close of the markets. The Auto sector is up 200.96 points at 19,641.08 while the Banking sector is down 71.11 points at 21,743.74 and the Realty sector is up 46.05 points at 1,435.20. The Indian currency is up 0.05% at Rs 63.78 per dollar.

BSE closes points 115.13 down on August 4

New Delhi, Aug 4 (ANI): Trading at the Bombay Stock Exchange today closed 115.13 points down to stand at 28,071.93. At the National Stock Exchange the Nifty closed 26.15 points down to stand at 8,516.90. Adani Enterprises Ltd and Torrent Power Ltd were among the top gainers of group A with an increase of 11.32% and 10.12% along with Punj Lloyd Ltd and Union Bank of India with an increase of 9.12% and 8.16% respectively, while the top losers of group A include Sun TV Network Ltd and Kailash Auto Finance Ltd with a decrease of 5.76% and 4.97% along with NIIT Technologies Ltd and Firstsource Solutions Ltd with a decrease of 4.27% and 3.85% at the close of the markets. The Auto sector is up 193.07 points at 19,440.12 while the Banking sector is up 103.12 points at 21,814.85 and the Realty sector is down 2.49 points at 1,389.15. The Indian currency is down 0.41% at Rs 63.77 per dollar.

RBI keeps policy rates on hold at 7.25%

Mumbai, August 04 (ANI): The Reserve Bank of India (RBI) kept its policy rate on hold at 7.25 percent on Tuesday, as widely expected, while leaving the door open to ease further depending on the inflation outlook and how swiftly banks lower their lending rates. The RBI also said government economic reforms and the timing of any increase in U.S. interest rates would be key factors that will determine whether the central bank cuts rates for a fourth time this year. The next policy review is set for September 29. Any increase in US rates decided at a Federal Reserve meeting earlier that month is expected to suck money out of emerging markets. RBI Governor, Raghuram Rajan, said they were also monitoring inflation and monsoon trend in the country. Rajan added that the Reserve Bank awaits greater transmission of its front-loaded past actions, it would monitor developments for emerging room for accommodation. The RBI governor currently has wide discretion in deciding interest rates. Rajan sa

BSE closes points 72.50 up on August 3

New Delhi, August 3 (ANI): Trading at the Bombay Stock Exchange today closed 72.50 points up to stand at 28,187.06. At the National Stock Exchange the Nifty closed 10.20 points up to stand at 8,543.05. Jaiprakash Associates Ltd and Suzlon Energy Ltd were among the top gainers of group A with an increase of 18.36% and 11.64% along with Sun TV Network Ltd and Alok Industries Ltd with an increase of 11.22% and 10.60% respectively, while the top losers of group A include HCL Technologies Ltd and Gujarat Pipavav Port Ltd with a decrease of 5.94% and 5.26% along with Firstsource Solutions Ltd and Kailash Auto Finance Ltd with a decrease of 5.25% and 4.90% at the close of the markets. The Auto sector is up 139.27 points at 19,247.05 while the Banking sector is up 212.49 points at 21,711.73 and the Realty sector is up 4.29 points at 1,391.64. The Indian currency is down 0.18% at Rs 64.02 per dollar.