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Sensex Surges 377 Points, Nifty Settles Near 11,900 Led By Kotak Mahindra Bank
Edited by Abhishek Vasudev | Tuesday October 27, 2020Eight of 11 sector gauges compiled by the National Stock Exchange ended higher led by the Nifty Private Bank index's over 3 per cent gain. -
France's Total Aims To Expand India Renewable Portfolio
Reuters | Tuesday October 27, 2020, LondonTotal CEO Patrick Pouyanne said that retail fuel demand in Europe was "good" and almost at pre-pandemic levels in the third quarter of the year. -
Future Retail Sees Liquidation If Reliance Industries Deal Fails: Report
Reuters | Tuesday October 27, 2020, New DelhiAmazon alleged Future Retail had breached certain contract provisions it entered into last year in a separate deal with the US firm. -
RBI, Facing A "Trilemma", Chooses To Let Rupee Strengthen
Anirban Nag, Bloomberg | Tuesday October 27, 2020The RBI's challenge differs from most peers as it's also tasked with managing the government's mammoth borrowing and overseeing the nation's bad-debt-ridden banks. -
Wave Of New COVID-19 Cases Crashes Across US, Europe
Reuters | Tuesday October 27, 2020, MILAN/CHICAGOUS stocks had their worst day in four weeks over the double whammy of record coronavirus cases and political deadlock in negotiations to provide more economic aid. -
Angel Broking Soars 20% On Reporting Highest Ever Quarterly Profit
Edited by Peter Noronha | Tuesday October 27, 2020The retail broking house reported profit of Rs 74.47 crore in the September 2020 quarter, a 47.3 per cent rise compared to Rs 48.3 crore in the June quarter. -
Asian Stocks Hit By Rising COVID-19 Cases, US Stimulus Concerns
Reuters | Tuesday October 27, 2020China's CSI300 Index edged down 0.1 per cent, as investors looked out for any news from a meeting of China's Communist Party leaders to set the next five-year plan. -
Southeast Asian Listings Have Mixed Debuts On Outlook Concerns
Reuters | Tuesday October 27, 2020, KUALA LUMPUR/MANILAConverge ICT Solutions Inc, a Philippine fibre broadband provider, fell as much as 11.2 per cent and ended 9.4 per cent lower. -
Spot Gold Price Rises As COVID-19 Cases Jump
Reuters | Tuesday October 27, 2020Supporting gold, the US dollar dipped 0.1 per cent against a basket of currencies. -
Crude Oil Price Steadies, But Outlook Gloomy Amid Rising Coronavirus Cases
Reuters | Tuesday October 27, 2020, TokyoUS oil gained 15 cents, or 0.4 per cent, at $38.71 a barrel. Both contracts fell more than 3 per cent on Monday. -
Sashidhar Jagdishan Assumes Charge As HDFC Bank CEO, Succeeding Aditya Puri
Edited by Peter Noronha | Tuesday October 27, 2020Mr Jagdishan has an overall experience of 29 years; he joined HDFC Bank in 1996 as a manager in the finance function, became business head-finance in 1999 and was appointed chief financial officer in 2008. -
Kotak Mahindra Bank Surges Most In 7 Months After September Quarter Earnings
Edited by Abhishek Vasudev | Tuesday October 27, 2020Kotak Mahindra Bank share price surged as much as 11.38%, its biggest single day gain since March 25, 2020, to hit high of Rs 1,576.85 on the BSE. -
Sensex Closes 377 Points Higher, Nifty Reclaims 11,850 On Kotak Mahindra Bank Boost
Edited by Sandeep Singh (with inputs from agencies) | Tuesday October 27, 2020Domestic stock markets jumped on Tuesday as sharp gains in Kotak Mahindra Bank boosted financial stocks, a day after the private sector lender beat earnings estimates. Benchmark indices S&P BSE Sensex and NSE Nifty 50 gained around 1 per cent each to 40,551.09 and 11,895.20 respectively during the session, also supported by consumer goods and pharmaceutical shares. Analysts awaited more large cap companies to post their financial results for the second quarter of current financial year. -
Share Market Updates: Sensex Falls Over 100 Points, Nifty Slips Below 11,750 Amid Choppy Trade
Edited by Sandeep Singh (with inputs from agencies) | Tuesday October 27, 2020Share Market Updates: MSCI's broadest index of Asia Pacific shares outside Japan was last seen trading 0.43 per cent lower. -
Credit Interest Difference Between Compound, Simple Interest To Borrowers' Accounts: RBI To Banks
Edited by Sandeep Singh | Tuesday October 27, 2020According to the government's scheme, lenders will credit the amount in the borrowers' accounts on or before November 5, which lenders claim as reimbursement from the Centre by December 15.
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