The BSE Sensex plunged by about 410 points while the Nifty crashed below the 10,000 mark for the 1st time this yr following a global sell-off due to fears of a trade war.
The BSE Sensex plunged by about 410 pts to close at a 5-month low while the Nifty crashed below the 10,000 mark following a global sell-off due to fears of a trade war.
Sensex fell by 130 points due to profit booking in realty, capital goods, tech, auto and bank stocks due to renewed global trade war fears and losses in European markets.
Sensex fell by 130 points due to profit booking in realty, capital goods, teck, auto and banking stocks amid weak global trends after the US Fed Reserve's rate hike.
Stocks found firmer ground for the second straight session, with Sensex reclaiming the key 33,000-mark, ahead of US Federal Reserve's policy meet outcome.
Market benchmark Sensex reclaimed the key 33,000 level after spurting 139 points amid mixed global cues ahead of US Federal Reserve's policy meet outcome.
Sensex rose 74 points to end at 32,996.76 in choppy trade as participants accumulated recently beaten down IT, telecom and auto stocks amid foreign capital inflows.
Investor wealth saw an erosion of Rs 1.86 lakh crore amid a massive sell-off in the broader market where the BSE benchmark index cracked 509.54 points.
Equity markets provisionally closed in the negative territory on the back of huge sell-off across all sectors led by oil and gas, metals, energy, auto and banking stocks.
Sebi raised the exposure limit under exchange-traded currency derivatives trading for residents and FPIs to USD 100 million across all currency pairs involving the rupee.
Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively
To add platform capabilities in the insurance segment which contributes 15% of total business
The Acquisition is expected to close within the next 3 months
Sells Essar Steel loan to Deutsche Bank
Has sold its $385 mn Foreign currency loan extended to Essar Steel
Bank has taken a 38% haircut
Rs 1600 cr is expected earnings to the bank from the deal
Economic Times Reports
To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn
The co is also in discussions to sell its residential and commercial projects in Chennai
To convene shareholder’s meet on 23rd March in regard to the proposed divestment
Gets Order Worth Rs 230 Cr From NTPC
To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators
Will help NTPC commission the 3x 660MW plant started 12years
Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI
The completion period for the project is 30 months