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Sensex settles in red for fifth straight session, Nifty ends below 17,000

Photo source: PTI A view of the Bombay Stock Exchange (BSE) building. Markets moved into a tailspin during Tuesday’s trade fag-end, with the Sensex down 703.59 points as sentiment continued to weaken due to the weakness of HDFC Twins and Infosys. Concerns over rising inflation and outflows of foreign funds in the wake of the …

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Sensex, Nifty rebound on gains banking, oil & gas shares

Photo source: PTI Shares of multiplex chain PVR and Inox Leisure Limited have been announced after merging two companies to form the country’s largest multiplex chain with more than 1,500 screens. Highlights Benchmark stock indices Sensex and Nifty closed higher by 0.40% on Monday in contrast to the initial losses. The 30-share BSE Barometer recovered …

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Cabinet allows up to 20% FDI in IPO-bound LIC: Sources

Photo source: PTI Increased FDI inflows will complement domestic capital, technology transfer, skills development for accelerated economic growth and development across the sector. The government on Saturday allowed up to 20 per cent foreign direct investment (FDI) in the IPO-bound LIC under the automated route to facilitate investment by the country’s largest insurer, sources said. …

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Sensex slumps over 350 points in early trade; Nifty drops below 17,300

Photo source: PTI In the previous session, the 30-share equity benchmark was down 503.25 points, or 0.86 percent, at 58,283.42, and the Nifty was down 143.05 points, or 0.82 percent, at 17,368.25. Highlights The Sensex fell more than 350 points in early trade on Tuesday. The Nifty was down 98.35 points, or 0.57 percent, at …

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