Friday, May 29, 2020

RBI Slashes Benchmark Lending Rate by 40 bps

Mumbai: In a surprise move, the Reserve Bank of India today slashed the benchmark lending rate by 40 basis points to mitigate the impact of Coronavirus crisis. In an off-cycle meeting of the Monetary...

RBI Announces Rs 50,000 cr Special Liquidity Facility for Mutual Funds

Mumbai: The Reserve Bank of India today announced a Rs 50,000 crore special liquidity facility for mutual fund, days after Franklin Templeton Mutual Fund decided to close six debt schemes. In a statement, the central...

Rupee Rises 15 Paise to 69.45 vs USD in Early Trade

Mumbai (PTI) The rupee appreciated by 15 paise to 69.45 against the US dollar in opening trade Thursday, driven by weakening of the greenback in overseas markets and sustained foreign fund inflows. The rupee opened at...

Sensex, Nifty Further Gains in Early Trade

Indian equity benchmarks Sensex and Nifty extended their gains in early trade on Tuesday, tracking positive domestic and global cues. The BSE gauge Sensex opened at 38,988.57 and briefly crossed the psychological 39,000-level in early...

Sensex Falls over 325 pts on Weak Global Cues

The benchmark BSE Sensex plunged over 325 points and slipped below the 38,000-mark in early trade Monday, in tandem with weak global cues and depreciating rupee. The 30-share index, which had lost 222.14 points on...

Sensex Rises over 320 Points, Nifty Gains Past 11,500

Markets continued to rise for the 6th straight day on Monday with the NSE Nifty reclaiming 11,500 level. The BSE Sensex soared 326.96 points or 0.86 percent to 38,351.28 while the NSE Nifty jumped 97.10...

Sensex up 86 Points in Late Morning Deals

Mumbai : The BSE Sensex recovered from its weak start to trade 86.22 points higher in late morning trade today on buying in FMCG, telecom, IT, consumer durables and metal sectors amid weak Asian...

Currency with Public Doubles from DeMo Low; Hits Record at over Rs 18 Lakh...

New Delhi (PTI) Currency with the public has reached a record high level of over Rs 18.5 lakh crore, more than double from a low of about Rs 7.8 lakh crore it had hit...

Sensex Rises 50 pts in Early Trade on Earnings

Mumbai: The benchmark BSE Sensex advanced about 50 points in early trade today on fresh buying by investors amid better-than-expected earnings. Speculators covering up their short positions ahead of the July derivatives contract expiry tomorrow...

Sensex Surges 174 pts in Early Trade on Corporate Earnings

Mumbai : The BSE Sensex recovered over 174 points in opening trade today on fresh buying by investors after Hndustan Lever reported better-than-expected earnings. The 30-share index, which had retreated from record by plunging 363.79...

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Bhubaneswar, India
scattered clouds
30 ° C
30 °
30 °
79%
6.7kmh
40%
Sat
35 °
Sun
38 °
Mon
39 °
Tue
36 °
Wed
41 °