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Sensex jumps 374 pts to rebound from 6-1/2 months low
Mumbai: The benchmark BSE Sensex rebounded from its six-and-a-half months low in early trade today by climbing 374 points to 26,973.83 on government's decision to refer MAT issue to a high-level committee.
Moreover, recovery in rupee…
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IMF welcomes passage of GST by Indian parliament
Singapore: International Monetary Fund (IMF) today welcomed passage of the long-pending Goods and Services Tax (GST) by the Indian parliament, saying it will lead to long-term sustainable growth in the country.
"We welcome the introduction…
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Sensex extends losses, down over 146 pts in early trade
Mumbai: Continuing its losing streak for the third straight session, the benchmark Sensex fell by over 146 points in early trade today on sustained offloading by foreign funds and retail investors coupled with weak global cues.
The…
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GST rate will be much more diluted than 27%: Jaitley
New Delhi: The GST rate will be "much more diluted" than the speculated 27 per cent and the final rate will be worked out by the GST Council, Finance Minister Arun Jaitley said today.
"I straightaway concede that 27 per cent would be very…
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Rupee slips from initial gains, drops 15 paise against dollar
Mumbai: The rupee slipped from its initial gains and dropped by 15 paise to 63.59 against the greenback in late morning trade on sustained dollar demand from banks and importers amid weak equities.
Earlier, the rupee opened higher at 63.34…
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Sensex down 82 pts in early trade, Nifty slip below 8,300 mark
Mumbai: The benchmark BSE Sensex extended losses for the second straight day today by falling over 82 points and Nifty dipped below the 8,300-mark in early trade on sustained selling by funds and retail investors.
The 30-share index…
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Gold surges Rs 220, silver climbs Rs 850 on global cues
New Delhi: Gold snapped its three-day losing streak today by surging Rs 220 to trade at Rs 27,220 per 10 gm at the bullion market on positive global cues and increased buying by jewellers to meet wedding season demand.
Silver also climbed…
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India has potential to grow at 9-10 percent: FM
New Delhi: Government has initiated a large number of reforms in its first year of governance to encourage investments and the country has the potential to grow at 9-10 per cent, Indian Finance Minister Arun Jaitley said.
"I do believe…
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Sensex extends gains, up 113 points in early trade
Mumbai: Extending gains for the second day, the benchmark BSE Sensex today rose by 113 points in early trade on increased by investors in some stocks amid a firming trend overseas.
The 30-share index gained 113.12 points or 0.41 per cent…
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Sensex soars 291 pts in early trade on global cues
Mumbai: The benchmark BSE Sensex rallied over 291 points at 27,302.63 in early trade on Monday after a long weekend on fresh buying by participants as the May series in derivatives segment began amid positive Asian cues.
The 30-share…
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