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Financials lead in Sensex's 522-pt rally; Nifty ends 153 pts up at 9,979

Tuesday,   02-Jun-2020   04:09 (IST)

Shrugging off Moody's downgrade of India's long-term sovereign rating by one notch - from ‘Baa2’ to ‘Baa3, the domestic equity market ended with decent gains on Tuesday, though the session remained rangebound. Moreover, strong global cues and reassurance by Prime Minister Narendra Modi, in an address to India Inc at the CII's 125th annual session, that India will return to growth, boosted sentiment further. The benchmark S&P BSE Sensex rallied 522 points or 1.57 per cent to 33,825.53 levels, thanks to buying in financial counters such as HDFC, HDFC Bank, ICICI...

Sensex gains over 500 pts as PM assures return to growth

Tuesday,   02-Jun-2020   02:09 (IST)

The Indian markets were trading firm, over 1.5 per cent higher each, on Tuesday, lifted mainly by auto, and pharma stocks, after Prime Minister Narendra Modi assured that India would get its growth ba...

India Bond Yields Lower As Value Buying Offsets Rating Cut Impact

Tuesday,   02-Jun-2020   01:20 (IST)

Indian federal government bond yields turned lower in afternoon session, on value buying as investors shrugged off a credit rating downgrade by Moody's Investors Service. The benchmark 6.45% bond ...

Sensex gains 200 pts, Nifty tests 9,850

Tuesday,   02-Jun-2020   10:01 (IST)

The Indian markets were trading nearly half a per cent higher on Tuesday, lifted by gains in certain index heavyweights. The S&P BSE Sensex was up 200 points, or 0.6 per cent, at 33,480 levels, an...

Indices off day's high; Sensex zooms 850 pts; PSBs rally

Monday,   01-Jun-2020   02:13 (IST)

Indian equity markets shot up over 2 per cent each on Monday, in line with their Asian peers, after the government eased curbs on most economic activities even as the lockdown in containment zones was...

India Bond Yields Stay Higher As FY20 Fiscal Gap Widens

Monday,   01-Jun-2020   01:00 (IST)

Indian government bond yields were higher in afternoon session, on concerns over the country's fiscal health after a sharp rise in the budget deficit for the previous financial year, and as a lack...

India's factory slump deepens in May, headcount slides

Monday,   01-Jun-2020   11:35 (IST)

India's factory activity contracted sharply in May following a historic decline in April as a government-imposed lockdown to control the coronavirus hammered demand, a survey showed, leading firms...

Sensex jumps 700 points, reclaims 33k

Monday,   01-Jun-2020   09:35 (IST)

Indian equity markets shot up over 2 per cent each on Monday on firm global cues and after the government eased curbs on most economic activities even as the lockdown in containment zones was extended...

Fiscal deficit widens to 4.6% of GDP in FY20 on poor revenue realisation

Friday,   29-May-2020   06:30 (IST)

The country's fiscal deficit widened to 4.6 per cent of the Gross Domestic Product in 2019-20 mainly on account of poor revenue realisation, according to official data. The deficit, which signifie...

India's Jan-Mar quarter GDP growth at 3.10% y/y

Friday,   29-May-2020   05:50 (IST)

The Indian economy grew at 3.1 per cent in the January-March quarter (Q4) of 2020, its slowest pace in at least two years, as the coronavirus pandemic weakened the already declining consumer demand an...