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Sensex, Nifty On Track To Break 10-Day Winning Streak
Written by Abhishek Vasudev | Thursday October 15, 2020Nine of 11 sector gauges compiled by the National Stock Exchange were trading lower led by the Nifty IT index's 3 per cent decline. -
Market Latest Updates: Sensex Sinks Over 700 Points Amid Selloff In Financial, IT Stocks
Edited by Sandeep Singh (with inputs from agencies) | Thursday October 15, 2020Domestic stock markets suffered sharp losses on Thursday, and were on course to close lower after 10 days of gain, tracking losses across global equities amid diminishing hopes of more stimulus in the US and rising COVID-19 cases. The Sensex index dropped 708.7 points - or 1.74 per cent - to 40,086.04 at the weakest level in afternoon deals, and the broader Nifty benchmark dropped to as low as 11,780.30, down 190.75 points - or 1.59 per cent - from its previous close. Analysts awaited more financial results from large cap companies for near-term cues, after Infosys - the country's second largest IT services exporter - reported a better-than-expected quarterly profit. -
Sensex, Nifty Likely To Open Flat Today After Markets Rally For 10 Days
Edited by Sandeep Singh (with inputs from agencies) | Thursday October 15, 2020Infosys shares will be in focus today, a day after the country's second largest IT company raised its annual revenue growth forecast. -
Government Allows UAE's ADNOC To Export Oil From Strategic Reserve
Reuters | Wednesday October 14, 2020Allowing ADNOC to export its oil mirrors a model adopted by countries such as Japan and South Korea which allow oil producers to re-export crude storage. -
Infosys To Roll Out Salary Hikes, Raises Revenue Forecast
Reuters | Wednesday October 14, 2020Consolidated net profit for Infosys in the September quarter climbed 26.6 per cent to Rs 4,845 crore. -
Infosys Posts 14% Rise In Q2 Profit, Announces Salary Hikes From January
Edited by Sandeep Singh | Wednesday October 14, 2020Infosys, the country's second largest IT company, on Wednesday reported a 14 per cent rise in net profit to Rs 4,845 crore in the July-September period compared to the previous quarter, beating analysts' estimates. In a regulatory filing after market hours, the IT major said its revenue increased 3.82 per cent sequentially to Rs 24,570 crore in the quarter ended September 30. Growth in client demand for its digital services during the coronavirus crisis boosted the company's profitability. -
Sensex, Nifty Gain For Tenth Session In A Row Led By Financials
Written by Abhishek Vasudev | Wednesday October 14, 2020In the last ten trading sessions, the Sensex has gained 7.43 per cent and Nifty has rallied 6.67 per cent. -
Sensex, Nifty Extend Gains To Tenth Straight Day
Edited by Sandeep Singh (with inputs from agencies) | Wednesday October 14, 2020Share Market Latest Updates: Lowering its forecast for India, the IMF said the country's economy will contract 10.3 per cent this year because of the coronavirus pandemic. -
Rupee Edges Higher To Close At 73.29 Against Dollar
Edited by Sandeep Singh (with inputs from agencies) | Wednesday October 14, 2020Rupee Vs Dollar: The dollar index - which measures the dollar against six other currencies - was last seen trading 0.06 per cent. -
Only Standard Loan Accounts As Of March 1 Can Be Recast Under Moratorium: RBI
Press Trust of India | Wednesday October 14, 2020RBI said a loan account that was due for more than 30 days as on March 1, 2020, but subsequently got regularised, will not be ineligible for resolution under the COVID-19 resolution framework. -
Wholesale Inflation Rises To 1.32% In September
Edited by Abhishek Vasudev | Wednesday October 14, 2020Inflation in food articles during the month was at 8.17 per cent, as against 3.84 per cent in August, the data showed. -
IMF Sees Less Severe Global Contraction But Trouble In Emerging Markets
Reuters | Wednesday October 14, 2020The IMF forecast a 2020 global contraction of 4.4 per cent in its latest World Economic Outlook, an improvement over a 5.2 per cent contraction predicted in June. -
Infosys Q2 Results Preview: Infosys Slips 2% Ahead Of Q2 Earnings
Edited by Peter Noronha | Wednesday October 14, 2020Infosys, the country's second largest information technology company, had reported a 2 per cent sequential decline in net profit at Rs 4,233 crore in the previous quarter ended June 2020. -
Wipro Slips Nearly 7% Post Q2 Earnings, Share Buyback Plans
Edited by Peter Noronha | Wednesday October 14, 2020Wipro Share: Wipro had announced that it would buy back 23.75 crore shares at Rs 400 per equity share, which was a premium of 6.45 per cent to Tuesday's closing price of Rs 375.75. -
Delay Not In Interest Of Common Man: Top Court As Centre Seeks 1 Month To Implement Interest Waiver Plan
Reported by A Vaidyanathan, Edited by Sandeep Singh | Wednesday October 14, 2020The outcome of the case could have far-reaching consequences not only for millions of borrowers, but also for banks.
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