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Stocks retreat on global rout; Sensex plunges 407 points, Nifty ends below 10,500
Business

Stocks retreat on global rout; Sensex plunges 407 points, Nifty ends below 10,500

The BSE Sensex slumped over 407 points to end at one-month low of 34,005.76 and the Nifty ended below 10,500 mark due to widespread sell-off after global rout in stocks returned on worries about rising US interest rates

Dow Jones Industrial Average plunges over 1,000 points, sinks into correction; S&P 500 falls 100 points
Business

Dow Jones Industrial Average plunges over 1,000 points, sinks into correction; S&P 500 falls 100 points

The US' 10-year yield nearly surpassed a four-year high of 2.885 percent in the morning trading on Thursday,

Asia stocks pummelled by new Wall Street slide, safe havens in demand; are markets staring at fresh crash?
Business

Asia stocks pummelled by new Wall Street slide, safe havens in demand; are markets staring at fresh crash?

US stocks began to wobble last Friday after a healthy US labour market report sparked a spike in bond yields

RBI monetary policy review: Three reasons why MPC chose to hold repo rate at 6% on Wednesday
Business

RBI monetary policy review: Three reasons why MPC chose to hold repo rate at 6% on Wednesday

RBI considered first advance estimate for GVA growth that central statistics office (CSO) revised down to 6.1 percent for 2017-18

Global equities sell-off: Sensex recoups after 1,200-point fall; RBI policy meet holds key for markets today
Business

Global equities sell-off: Sensex recoups after 1,200-point fall; RBI policy meet holds key for markets today

The Sensex on Tuesday had closed at 34,195.94 points, down 561.22 points or 1.61 percent, from its previous close at 34,757.16 points.

Stock market rout erodes Rs 9.6 lakh crore investor wealth in 3 days as Sensex crashes by over 2,100 points
Business

Stock market rout erodes Rs 9.6 lakh crore investor wealth in 3 days as Sensex crashes by over 2,100 points

Stock market bloodbath has wiped out a staggering Rs 9.6 lakh crore from investor wealth in three days with the rout continuing amid sell-off in world markets

Bloodbath on Dalal Street: Sensex crashes nearly 1,300 points, Nifty plunges 350 points as selloff continues
Business

Bloodbath on Dalal Street: Sensex crashes nearly 1,300 points, Nifty plunges 350 points as selloff continues

Indian markets are already under pressure after the government presented budget that focused on populist measures ahead of general elections in 2019 and imposed a long term capital gains tax on equities

Sensex scales new high in early trade, gains nearly 400 points; Nifty at fresh peak of 10,887
Business

Sensex scales new high in early trade, gains nearly 400 points; Nifty at fresh peak of 10,887

All the sectoral indices, led by banking, FMCG and capital goods were trading in the positive zone with gains up to 1.92 percent.

Sensex hits 33,500, Nifty 10,400 after India’s ease of doing business rank jumps; rupee strong
Business

Sensex hits 33,500, Nifty 10,400 after India’s ease of doing business rank jumps; rupee strong

The benchmark BSE Sensex too climbed 238.16 points, or 0.71 percent, to trade at new record of 33,451.29, breaking its previous such reading of 33,340.17 reached on 30 October.

Sensex climbs 74 points in early trade on positive Asian cues
Business

Sensex climbs 74 points in early trade on positive Asian cues

Extending its climb for the fourth consecutive session, the benchmark Sensex advanced over 74 points in early trade today amid a firming trend at Asian bourses.

Wall Street rebounds sharply after global market rout
World

Wall Street rebounds sharply after global market rout

The dollar, which fell to a seven-month low against a basket of currencies on Monday, was up about 1 percent.

Wall Street loses over 1,000 points at open, all three US indexes in correction
Business

Wall Street loses over 1,000 points at open, all three US indexes in correction

Oil majors Exxon and Chevron fell about 6.6 percent. US oil and gas stocks have already lost about $310 billion of market value this year.

NYSE suspends trading temporarily due to technical glitch, trading in other exchanges on
Business

NYSE suspends trading temporarily due to technical glitch, trading in other exchanges on

US markets were in the red even before the halt, which started just after 11:30 a.m. ET, as the slide in Chinese markets spurred concerns over its impact on global economic growth.

Sensex gains 134 points on value buying, positive global markets
Business

Sensex gains 134 points on value buying, positive global markets

The benchmark BSE Sensex rose over 134 points in early trade today on value-buying by investors in selective stocks amidst optimism over the upcoming Budget.

ECB's Mario Draghi says large majority in favour of QE, US stocks open on a high
Business

ECB's Mario Draghi says large majority in favour of QE, US stocks open on a high

Draghi said at a news conference following the ECB's monetary policy meeting that governing council members had been "unanimous in stating that the asset purchase programme is a true monetary policy tool in a legal sense".

Sensex, Nifty choppy ahead of inflation, IIP data
Business

Sensex, Nifty choppy ahead of inflation, IIP data

The benchmark BSE Sensex fell over 125 points in early trade today as participants preferred to adopt a cautious approach and indulged in profit-booking ahead of retail inflation and IIP data to be released later in the day

Dow ends over 18000 for first time ever as US GDP is at best pace in 11 years
Economy

Dow ends over 18000 for first time ever as US GDP is at best pace in 11 years

US stocks rose on Tuesday, with the Dow closing above 18,000 for the first time ever and the S&P 500 ending at a record after an unexpectedly strong report on economic growth. The Nasdaq ended modestly lower, pressured by the biggest selloff in biotech names in many months, while trading was light ahead of the Christmas holiday.<br />

S&P 500 ends at record as weaker-than-expected jobs report eases Fed worries
Money

S&P 500 ends at record as weaker-than-expected jobs report eases Fed worries

US stocks ended higher on Friday, lifting the S&P 500 to a fresh closing high, after a weaker-than-expected jobs report was taken as a sign that the Federal Reserve will not begin raising interest rates anytime soon.<br />

Wall Street jump takes stock index to 14-year-high on fading Ukraine worries
International

Wall Street jump takes stock index to 14-year-high on fading Ukraine worries

U.S. bond prices dropped and the dollar rose after dipping on Friday, when the government in Kiev said its artillery had hit a Russian armored column. Russia denied its forces had crossed into Ukraine.<br />

About-turn: Rupert Murdoch withdraws $80 bn offer to buy Time Warner
Money

About-turn: Rupert Murdoch withdraws $80 bn offer to buy Time Warner

Murdoch, who is Fox's chairman and CEO, cited Time Warner's management and its board's refusal to engage with Fox as one reason for the stunning turnabout.<br />