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Stock market falls two percent, ends at lowest in eight months

Mumbai/ New Delhi, June 12 (ANI): India's stock markets closed nearly 2 percent lower as selling by foreign investors continued amid worries that a likely weak monsoon may delay key reforms and further cuts in borrowing costs. The 30-share Bombay Stock Exchange (BSE) Sensex fell 1.75 percent or 469.52 points to end at 26,370.98 while the broader Nifty closed 1.96 percent or 159.10 points lower at 7,965.35. A market expert Sunil Shah said that the fall in sensex was due to weak monsoons. Another Market Expert Akash Jindal also cited delay in monsoon which would lead to inflation. The 50-share Nifty broke its psychologically important 8,000 level during the day for the first time since May 7.

BSE closes points 469.52 down on June 11

New Delhi, June 11 (ANI): Trading at the Bombay stock exchange today closed 469.52 points down to stand at 26,370.98. At the national stock exchange the nifty closed 159.10 points down to stand at 7,965.15. ESSAR OIL and RAYMOND were among the top gainers of group A with an increase of 11.54% and 4.22% along with NATIONALUM and SUZLON with an increase of 4.10% and 3.88% respectively, while the top losers of group a include BHUSHAN STEEL LTD. and HCC with a decrease of 9.37% and 8.44% along with JINDAL STEEL and UNITECH with a decrease of 7.77% and 7.19% at the close of the markets. The auto sector is down 429.62 points at 17,693.48 while the banking sector is down 482.64 points at 19,859.86 and the realty sector is down 26.73 points at 1,357.50. The Indian currency is down 0.18% at Rs 63.95 per dollar.

BSE closes points 359.25 up on June 10

New Delhi, June 10 (ANI): Trading at the Bombay stock exchange today closed 359.25 points up to stand at 26,840.50. At the national stock exchange the nifty closed 102.05 points up to stand at 8,124.45. NCC Limited and DELTA CORP LTD. were among the top gainers of group A with an increase of 8.65% and 8.55% along with SHREE RENUKA SUGARS LTD. and CAIRN INDIA LTD. with an increase of 7.61% and 7.07% respectively, while the top losers of group a include BHUSHAN STEEL LTD. and Polaris Consulting and Services Limited with a decrease of 8.18% and 6.43% along with KAVERI SEED COMPANY LTD. and PMC Fincorp Limited with a decrease of 5.22% and 4.97% at the close of the markets. The auto sector is up 323.01 points at 18,117.84 while the banking sector is up 254.07 points at 20,342.50 and the realty sector is up 9.24 points at 1,384.23. The Indian currency is up 0.14 % at Rs 63.83 per dollar.

BSE closes points 41.84 down on June 9

New Delhi, June 9 (ANI): Trading at the Bombay stock exchange today closed 41.84 points down to stand at 26,481.25. At the national stock exchange the nifty closed 21.75 points down to stand at 8,022.40. KEC and NESTLE INDIA advanced research company ltd. were among the top gainers of group with an increase of 16.83% and 8.00% along with HATHWAY and SREINFRA with an increase of 7.47% and 5.07% respectively, while the top losers of group a include UNITECH and APOLLOTYRE with a decrease of 8.03% and 7.70% along with CEATLTD and BHARAT FORGE with a decrease of 6.37% and 5.22% at the close of the markets. The auto sector is down 131.34 points at 17,794.83 while the banking sector is up 20.70 points at 20,061.47 and the realty sector is down 21.50 points at 1,374.99. The Indian currency is up 0.28 % at Rs 63.90 per dollar.

BSE closes points 245.40 down on June 8

New Delhi, June 8 (ANI): Trading at the Bombay Stock Exchange today closed 245.40 points down to stand at 26,523.09. At the national stock exchange the nifty closed 70.55 points down to stand at 8,044.15. Bhushan steel ltd. and Sun Pharma advanced research company ltd. were among the top gainers of group A with an increase of 18.51% and 7.50% along with Gitanjali gems ltd. And Hindustan copper ltd. With an increase of 6.63% and 6.01% respectively, while the top losers of group a include Sun Tv network ltd. and sunrise Asian limited with a decrease of 21.73% and 13.77% along with Adani enterprises ltd. And nestle India ltd. with a decrease of 13.45% and 7.63% at the close of the markets. The auto sector is down 172.86 points at 17,926.17 while the banking sector is down 149.56 points at 20,040.77 and the realty sector is down 13.79 points at 1,396.49. The Indian currency is up 0.54 % at Rs 64.09 per dollar.

BSE closes points 44.93 down on June 5

New Delhi, June 5 (ANI): Trading at the Bombay Stock Exchange today closed 44.93 points down to stand at 26,768.49. At the National Stock Exchange the Nifty closed 15.95 points down to stand at 8,114.70.BHUSHAN STEEL LTD. and GATI were among the top gainers of Group A with an increase of 19.92% and 14.64% along with BRITANNIA and JUBILANT with an increase of 5.02% and 4.99% respectively, while the top losers of Group A include UNITECH and ILandFS Transportation Networks Ltd. with a decrease of 5.91% and 5.89% along with JAIPRAKASH ASSOCIATES LTD. and DLF with a decrease of 4.96% and 3.46% at the close of the markets. The Auto sector is down 108.65 points at 18,099.03 while the banking sector is down 190.06 points at 20,190.33 and the realty sector is down 20.60 points at 1,410.28. The Indian currency is down 0.24% at Rs 63.84 per dollar.

BSE closes points 23.78 up on June 4

New Delhi, June 4 (ANI): Trading at the Bombay Stock Exchange today closed 23.78 points down to stand at 26,813.42. At the National Stock Exchange the Nifty closed 4.45 points down to stand at 8,130.65. UNITECH and IIFL Holdings Limited were among the top gainers of Group A with an increase of 8.97% and 7.05% along with BEML LTD. and ADANI ENTERPRISES LTD. with an increase of 7.02% and 6.15% respectively, while the top losers of Group A include GATI LTD. andHINDCOPPER with a decrease of 7.27% and 6.04% along with EICHER MOTORS LTD. and REDINGTON (INDIA) LTD. with a decrease of 5.64% and 5.17% at the close of the markets. The Auto sector is down 128.68 points at 18,207.68 while the banking sector is up 17.04 points at20,380.39 and the realty sector is up 11.64 points at 1,430.88. The Indian currency is up 0.16% at Rs64.00 per dollar.

BSE closes points 351.18 down on June 3

New Delhi, June 3 (ANI): Trading at the Bombay Stock Exchange today closed 351.18points down to stand at 26,837.20. At the National Stock Exchange the Nifty closed 101.35points down to stand at 8,135.10. EDELWEISS and NIIT TECH were among the top gainers of Group A with an increase of 3.28% and 3.06% along with DEN and SKF INDIA LTD. with an increase of 2.89% and 2.86% respectively, while the top losers of Group A include UNITECH and JAIPRAKASH ASSOCIATES LTD. with a decrease of 36.31% and 20.97% along with HCC andRPOWER with a decrease of 12.36% and 11.35% at the close of the markets. The Auto sector is down 252.61 points at 18,366.12 while the banking sector is down 290.85 points at 20,363.35 and the realty sector is down 83.28 points at 1,419.24. The Indian currency is up 0.19% at Rs 63.94 per dollar.

India's Nifty falls, bonds weaken as monsoon forecast knocks rate cut hopes

Mumbai/ New Delhi, June 3 (ANI): Forecast for weak monsoon rains have raised doubts over whether the RBI could follow up Tuesday's interest rate cut with another this year. India's main share indexes lost over two percent on Tuesday. The Bombay Stock Exchange (BSE) Sensex closed 2.4 percent weaker, and the Nifty closed 2.3 percent down. The RBI cut its policy repo rate by 25 basis points to 7.25 percent, as widely expected. The RBI's statement, however, signalled caution about inflation risks if monsoon rains disappoint, while the government released a forecast that raised fears of a possible drought. A market expert, Sunil Shah, warned that bad monsoon could worsen the scenario. Another market expert, Akash Jindal said inflation is also one of the main concerns of the economy.

BSE closes points 660.61 down on June 2

New Delhi, June 2 (ANI): Trading at the Bombay Stock Exchange today closed 660.61 points down to stand at 27,188.38. At the National Stock Exchange the Nifty closed 196.95 points down to stand at8,236.45. KAILASH and TTK PRESTIGE LTD. were among the top gainers of Group A with an increase of 7.64% and 5.55% along with ZEEL and The Ramco Cements Limited with an increase of2.27% and 1.93% respectively, while the top losers of Group A include UNIONBANK and PAGE INDUSTRIES LTD. with a decrease of 8.08% and 8.07% along with PRESTIGE and JETAIRWAYS with a decrease of 7.53 % and 7.47% at the close of the markets. The Auto sector is down 395.35 points at 18,618.73 while the banking sector is down 740.15 points at 20,654.20 and the realty sector is down 59.89 points at 1,502.52. The Indian currency is up 0.16% at Rs 63.87 per dollar.

BSE closes points 20.55 up on June 1

New Delhi, June 1 (ANI): Trading at the Bombay Stock Exchange today closed 20.55 points up to stand at 27,848.99. At the National Stock Exchange the Nifty closed 0.25 points down to stand at8,433.40. NEYVELI LIGNITE CORPORATION LTD. and PRESTIGE were among the top gainers of Group A with an increase of 14.60% and 14.13% along with KAILASH and DEN with an increase of 9.92% and 6.79% respectively, while the top losers of Group A include ADANI ENTERPRISES LTD. and SUN PHARMA with a decrease of 11.00% and 8.97% along with JET AIRWAYS and FORTIS with a decrease of 6.94% and 6.85% at the close of the markets. The Auto sector is down 75.10 points at 19,004.69 while the banking sector is down 117.30 points at 21,394.35 and the realty sector is up 27.81 points at 1,565.49. The Indian currency is down 0.19% at Rs 63.69 per dollar.

India's economy grows 7.3 % in 2014-15

New Delhi, May 29 (ANI): The Indian economy grew by 7.3 per cent during 2014-15 from the 4.7 per cent increase in the previous fiscal, government data showed on Friday. March quarter gross domestic product or GDP data shows that India is the fastest-growing major economy in the world. Manufacturing sector output, a big focus area for Prime Minister Narendra Modi , jumped sharply in the March quarter. However, agricultural output declined between January and March. Finance Minister Arun Jaitley said that it is now clear the economy is in a recovery mode.

BSE closes points 321.73 up on May 29

New Delhi, May 29 (ANI): Trading at the Bombay Stock Exchange today closed 321.73 points up to stand at 27,828.44. At the National Stock Exchange the Nifty closed 114.65 points up to stand at 8,433.65. INFRATEL and SRF were among the top gainers of Group A with an increase of 13.98% and 10.76% along with JP INFRATEC and AJANTA PHARMA with an increase of 10.10% and 8.97% respectively, while the top losers of Group A include PMCFIN and DEN with a decrease of 9.95% and 7.13% along with PEL and SUPREME INDUSTRIES LTD. with a decrease of 6.32% and 5.65% at the close of the markets. The Auto sector is up 355.43points at 19,046.78 while the banking sector is up 327.22 points at 21,532.05 and the realty sector is down 1.99 points at 1,537.68. The Indian currency is down 0.1% at Rs 63.79 per dollar.

BSE closes points 57.95 down on May 28

New Delhi, May 28 (ANI): Trading at the Bombay Stock Exchange today closed 57.95 points down to stand at 27,506.71. At the National Stock Exchange the Nifty closed 15.60 points down to stand at 8,319.00 ARVIND and AMTEKAUTO were among the top gainers of Group A with an increase of 5.90% and 5.47% along with PAGE INDUSTRIES LTD. and KSCL with an increase of 4.74% and 4.48% respectively, while the top losers of Group A include WOCKPHARMA and JINDAL STEEL and POWER LTD. with a decrease of 8.90% and 8.31% along with ADANI ENTERPRISE LTD. and BANKINDIA with a decrease of 7.39% and 6.22% at the close of the markets. The Auto sector is up 22.09 points at 18,691.35 while the banking sector is down 107.73 points at 21,204.83 and the realty sector is down 2.25 points at 1,539.67.The Indian currency is up 0.14% at Rs 63.88 per dollar.

BSE closes points 33.25 up on May 27

New Delhi, May 27 (ANI): Trading at the Bombay Stock Exchange today closed 33.25 points up to stand at 27,564.66. At the National Stock Exchange the Nifty closed4.75 points down to stand at 8,334.60. WOCKPHARMA and BAJAJ ELECTRICALS LTD. were among the top gainers of Group A with an increase of 10.23% and 5.98% along with CADILA HEALTHCARE LTD. and IDBI with an increase of 5.88% and 5.62% respectively, while the top losers of Group A include TECH MAHINDRA LTD. and PUNJLLOYD with a decrease of 14.65% and 5.83% along with GATI and TTK PRESTIGE with a decrease of 5.68% and 5.68% at the close of the markets. The Auto sector is down 402.75 points at 18,669.26 while the banking sector is up 251.06 points at 21,312.56 and the realty sector is up 4.70 points at 1,541.92. The Indian currency is up 0% at Rs 63.98 per dollar.

BSE closes points 112.47 down on May 26

New Delhi, May 26 (ANI): Trading at the Bombay Stock Exchange today closed 112.47 points down to stand at 27,531.41. At the National Stock Exchange the Nifty closed 30.90 points down to stand at 8,339.35. DISH TV and VOLTAS were among the top gainers of Group A with an increase of 15.15% and 6.80% along with BHEL and BATA INDIA with an increase of 4.59% and 4.50% respectively, while the top losers of Group A include PMCFIN and PIIND with a decrease of 9.76 % and 6.39% along with AMTEK AUTO and WABAG with a decrease of 5.33% and 5.23% at the close of the markets. The Auto sector is down 22.77 points at 19,103.03 while the banking sector is up 15.96 points at 21,061.50 and the realty sector is down 13.31 points at 1,537.22. The Indian currency is up 0.57% at Rs 63.92 per dollar.

BSE closes points 313.62 down on May 25

New Delhi, May 25 (ANI): Trading at the Bombay Stock Exchange today closed 313.62 points down to stand at 27,643.88. At the National Stock Exchange the Nifty closed 88.70 points down to stand at 8,370.25. KAILASH and DISH TV were among the top gainers of Group A with an increase of 9.96% and 3.78% along with MAX and BRITANNIA with an increase of 3.66% and 3.63% respectively, while the top losers of Group A include INDIAN HOTELS CO.LTD. and NAUKRI with a decrease of 5.72 % and 5.42% along with CANARA BANK and TECH MAHINDRA LTD. with a decrease of 5.08% and 4.85% at the close of the markets. The Auto sector is down 62.34 points at 19,116.40 while the banking sector is down 146.75 points at 21,045.54 and the realty sector is down at 10.75 points at 1,546.79. The Indian currency is up 0.09% at Rs 63.58 per dollar.

Arun Jaitley, Government, Direct tax, GDP, Economy

New Delhi, May 25 (ANI): Union Finance Minister Arun Jaitley on Monday said the government expects increase of 14-15 percent in direct tax collection during the fiscal year due to increased economic buoyancy and improved Gross Domestic Product (GDP) growth. India's economy is forecast to accelerate to 8-8.5 percent growth in the fiscal year 2015-16 started in April, up from 7.4 percent last year. The government has direct tax target of rupees 7.98 lakh crore for 2015-16. Jaitley said the government had planned to invest in infrastructure projects, irrigation projects and social security schemes for the poor to further boost the economy. Jaitley also told officials to check tax evasion, squeezed out parallel economy and not to harass honest tax payers.

SBI says bad loan pressure easing

Kolkata, May 23 (ANI): State Bank of India (SBI), the nation's top lender by assets, posted better-than-expected quarterly bad debt levels and said it now expected an improvement, a long-awaited sign of easing pressure that helped its shares jump over five percent. The loan improvement in the three months ended in March helped SBI, which accounts for about a quarter of Indian loans and deposits, post a 23 percent rise in net profit to 37.42 billion rupees ($589 million), above forecasts. The bank's gross bad loan ratio fell to 4.25 percent the March quarter from 4.9 percent in the previous three months.

BSE closes points 120.29 up on May 22

New Delhi, May 22 (ANI): Trading at the Bombay Stock Exchange today closed 120.29 points up to stand at 27,957.50. At the National Stock Exchange the Nifty closed 37.95 points up to stand at 8,458.95. PUNJLLOYD and VOLTAS were among the top gainers of Group A with an increase of 13.48% and 10.65% along with BRITANNIA and TATA ELXSI with an increase of 6.38% and 5.39% respectively, while the top losers of Group A include KAILASH and CESC with a decrease of 9.96 % and 4.60% along with SCI and JSW ENERGY with a decrease of 4.23% and 3.63% at the close of the markets. The Auto sector is up 50.83 points at 19,178.74 while the banking sector is down 88.56 points at 21,192.29 and the realty sector is down at 3.96 points at 1,557.54. The Indian currency is down 0.19% at Rs 63.51 per dollar.