Market

Rupee trips 7 paise to 68.58 vs USD

A weak trend at the domestic equity markets and global trade tensions kept sentiment subdued, traders said.

10 Jul 2019 6:41 PM

Experts said surcharge on capital gain on companies is lesser and, therefore, these FPIs could choose to come as a company, if they wanted to pay a lesser surcharge. (Photo: Representational)

FPIs can opt for corporate route to avail lower tax surcharge: CBDT chief

FPIs get covered by higher tax rate as they have been investing as a non-corporate entity such as trust or association of persons.

10 Jul 2019 6:10 PM

Bajaj Finance was the biggest loser in the Sensex pack, losing 4.91 per cent. (Photo: File)

Sensex ends 174 points lower; Bajaj Finance loses 5 per cent

After swinging nearly 400 points during the day, Sensex settled 173.78 points or 0.45 per cent lower at 38,557.04.

10 Jul 2019 4:16 PM

Sovereign gold also held steady at Rs 27,300 per eight gram. (Photo: Representational)

Gold, silver prices remain flat

In Delhi, gold of 99.9 per cent and 99.5 per cent purity held flat at Rs 34,870 per 10 gram and Rs 34,700 per 10 gram.

10 Jul 2019 3:51 PM

The dollar index, which gauges the greenback's strength against a basket of six currencies, inched up 0.02 per cent to 97.51.

Rupee falls 16 paise against dollar in early trade

Rupee is trading at 68.67 against dollar amid unabated foreign fund outflows and rising crude oil prices.

10 Jul 2019 10:08 AM

The broader Nifty shed 5.70 points, or 0.03 per cent, to 11,551.70.

Sensex, Nifty start on a choppy note; TCS shares fall

After gyrating nearly 200 points, the 30-share index was trading 33.76 points, or 0.09 per cent, lower at 38,697.06.

10 Jul 2019 10:03 AM

The BSE Sensex rose 10.25 points to 38,730.82 while the Nifty50 fell 2.70 points to 11,555.90. (Photo: AP)

Minor upside bounce indicated

The market seems to be building in a weak quarterly performance and hence stock specific volatility is likely to remain high.

10 Jul 2019 3:18 AM

The slow pace of revenue growth can be attributed to a broad-based slowdown in consumption, which has affected sectors such as automobiles and fast-moving consumer goods (FMCG).

Q1 revenue growth may hit 2-year low

Automobiles, one of the key sectors driven by consumption spending, continues to reel under a demand slowdown.

10 Jul 2019 3:02 AM

The strong jobs data dented hopes of a rate cut by the Federal Reserve this month, hitting emerging market currencies.

Rupee gains 15 paise to 68.51 against dollar

Strengthening crude oil prices and a stronger greenback in global markets, however, kept the rupee rise in check.

09 Jul 2019 6:45 PM

Top gainers in the Sensex pack included Bajaj Finance, Sun Pharma, Hero MotoCorp, L&T, RIL and Bharti Airtel, ending up to 5.60 per cent higher. (Photo: File)

Sensex ends marginally higher; TCS falls 2 per cent

After swinging 378 points during the day, the 30-share index settled 10.25 points or 0.03 per cent higher at 38,730.82.

09 Jul 2019 4:14 PM

According to the All India Sarafa Association, gold of 99.9 per cent and 99.5 per cent purity plummeted Rs 600 each to Rs 34,870 per 10 gram and Rs 34,700 per 10 gram, respectively, in the national capital. (Photo: Representational)

Gold plunges Rs 600 on weak global cues, muted demand

Globally, spot gold was trading lower at USD 1,394.39 an ounce, while silver was down at USD 15.08 per ounce in New York.

09 Jul 2019 4:02 PM

Analysts said fall in oil prices was mostly in tune with a weak trend in global market, where it slipped due to a jump in US crude inventories amid a slackening demand, say reports.

Crude oil futures fall 0.88 per cent on global cues

Crude oil contracts for July delivery traded lower by Rs 35, or 0.88 per cent, at Rs 3,943 per barrel.

09 Jul 2019 2:10 PM

The broader Nifty shed 49.25 points, or 0.43 per cent, to 11,509.35.

Sensex drops over 250 points; TCS down 2 per cent

The 30-share index pared some losses to trade 152.50 points, or 0.39 per cent, lower at 38,568.07.

09 Jul 2019 10:13 AM

Softening crude oil prices restricted the rupee's fall.

Rupee falls 18 paise against dollar in early trade

Rupee is trading at 68.84 against the US currency, due to strong dollar demand from banks and importers.

09 Jul 2019 10:09 AM

Industry and government data for release later on Tuesday and on Wednesday is expected to show that US crude stockpiles fell for a fourth consecutive week, dropping 3.6 million barrels.

Oil prices drop on signs global economy slowing amid trade disputes

Oil prices are being pressured by ongoing worries about demand as the US-China trade war.

09 Jul 2019 9:49 AM

The 30-share Sensex tanked 907 points before settling at 38,720.57 points, showing a sharp loss of 792.82 points or 2.01 per cent.

Sell on rise as market enters correction phase

The broader market BSE Mid-Cap and Small-Cap indices followed the benchmark, cracking up to 2.46 per cent.

09 Jul 2019 3:40 AM

Budget impact: Investor wealth down by Rs 5 lakh crore

In the two sessions of Friday and Monday, the BSE market capitalisation plummeted by Rs 5,61,772.64 crore.

09 Jul 2019 3:03 AM

Last month, amid an industry disquiet over the pricing of spectrum, Digital Communications Commission (DCC) had decided to ask Trai to reconsider its spectrum recommendations, to ensure competition and greater participation of larger set of players in auctions slated for 2019.

Trai sticks to stance on pricing of spectrum for 5G, other bands

The telecom regulator has now suggested a lower lock-in period of two years for this band against 5 years prescribed earlier.

08 Jul 2019 8:19 PM

Investors sentiment was subdued on concerns that increased surcharge on super-rich could affect foreign funds investing in India, which could lead to flight of foreign funds from the domestic markets, currency traders said. (Photo: File)

Rupee drops 24 paise to 68.66 against US dollar amid equity meltdown

Foreign institutional investors pulled out Rs 401.99 crore on Monday, hitting the rupee sentiment.

08 Jul 2019 6:40 PM

From the 30-share pack, 27 companies faced selling pressure led by Bajaj Finance, ONGC, Hero MotoCorp and Maruti Suzuki India. (Photo: File)

Over Rs 3 lakh cr investor wealth eroded as stock market plunges

Intra-day, the 30-share Sensex fell sharply by 907.91 points to 38,605.48. It closed at 38,720.57, down 792.82 points.

08 Jul 2019 5:51 PM

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