Sensex tanks 471 pts; Nifty drops below 14,700

Sensex tanks 471 pts; Nifty drops below 14,700

Wednesday, 12 May 2021 | PTI | Mumbai

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...

Sensex, Nifty snap 4-session rally amid global selloff

Wednesday, 12 May 2021 | PTI | Mumbai

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

Wednesday, 12 May 2021 | PTI | New Delhi

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

Wednesday, 12 May 2021 | PTI | Mumbai

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

Wednesday, 12 May 2021 | PTI | New Delhi

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

Wednesday, 12 May 2021 | PTI | New Delhi

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 %

Wednesday, 12 May 2021 | PTI | New Delhi

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

Sensex tumbles 341 pts on weak global cues, Nifty ends below 14,900

Tuesday, 11 May 2021 | PTI | Mumbai

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...

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