Sensex tanks 471 pts; Nifty drops below 14,700
Extending its losses to the second session, equity benchmark Sensex slumped 471 points on Wednesday, dragged by selling in index majors ICICI Bank, HUL and Reliance Industries amid mixed cues from global markets. The 30-share BSE index ended 471.01 points or 0.96 per cent lower at 48,690.80. Similarly, the broader NSE Nifty...
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Sensex tanks over 400 pts in early trade; Nifty drops below 14,750
12 May 2021 | PTI -
India’s smartphone mkt grew 18% in Q1, segment expected to witness slowdown in Q2: IDC
12 May 2021 | PTI -
FinMin, NDB to hold seminar on importance of social infra financing, digital tech use
12 May 2021 | PTI -
Govt ready for another cut in import duty on steel to tame prices
12 May 2021 | IANS -
Solar PLI scheme to benefit incremental demand till FY30: Ind-Ra
12 May 2021 | IANS -
Briefs
12 May 2021 | Agencies -
World shares skid after tech sell-off on Wall Street
12 May 2021 | AP
Sensex, Nifty snap 4-session rally amid global selloff
Equity benchmarks nursed losses on Tuesday after four days of gains, largely in tandem with overseas markets which tumbled after surging commodity prices stoked inflation fears. Profit-booking in banking, finance and metal counters further weighed on bourses, traders said. The 30-share BSE Sensex opened on the backfoot and stayed in the negative...
Waiting periods go up for e-commerce deliveries amid second wave
Waiting period for receiving essential items like grocery via e-commerce has gone up by as much as a week amid the second wave of the pandemic, as digital platforms struggle to balance larger order volumes and ensure safety of their workforce, according to industry executives. As the country reels through the...
Jewellery industry heading for 2nd consecutive sales washout on Akshaya Tritiya
The gems and jewellery industry is staring at a sales washout on Akshaya Tritiya for the second consecutive year as most of the States are under lockdowns due to the raging second wave of the Covid-19 pandemic which has led to negative consumer sentiment, say industry leaders. Akshaya Tritiya, considered as...
Inflows into equity mutual funds decline in April amid second Covid wave
Equity mutual funds witnessed a net inflow of `3,437 crore in April, making it the second consecutive monthly infusion but lower than the amount recorded in March amid the second Covid wave. The quantum is much lower than the inflow of `9,115 crore recorded in March, according to data from the...
Ambitious target of $400 bn exports can be achieved this year: Goyal
A sharp rise in exports in April is giving a hope that the ambitious target of USD 400 billion merchandise shipments can be achieved this year, Commerce and Industry Minister Piyush Goyal said on Tuesday. He also said that the Department of Commerce has taken up several issues of exporters with...
Moody’s cuts India’s growth forecast to 9.3 %
Moody’s Investors Service on Tuesday slashed India’s growth forecast for the current financial year to 9.3 per cent saying that the second wave of coronavirus infections hampers economic recovery and increases risk of longer-term scarring. Moody’s, which has a ‘Baa3’ rating on India with a negative outlook, said obstacles to economic...
Sensex tumbles 341 pts on weak global cues, Nifty ends below 14,900
Snapping its four-session rising streak, equity benchmark Sensex tumbled 341 points on Tuesday, led by losses in index-heavyweights HDFC twins, Kotak Bank and TCS amid negative cues from global markets. The 30-share BSE index ended 340.60 points or 0.69 per cent lower at 49,161.81. Similarly, the broader NSE Nifty slumped 91.60 points...
