The private lender had reported a net loss of Rs 600 crore for the quarter ended September 2019 on the back of a one-time deferred tax adjustment of Rs 709 that the bank had taken to avail of the lower tax rate announced by t
The sharp deceleration in the economy — GDP growth fell to 5% in Q1FY20, the lowest growth in 25 quarters — disappointed investors. Most economists as also the Reserve Bank of India (RBI) have lowered their growth estimat
The Sensex surged 453.07 points on Thursday to mark its fifth day of gains. The benchmark index closed at 39,052.06 points and has gained over 3% in the last five sessions. The Nifty spiked 122.35 points, or 1.07%, to settle
Conventionally, rate sensitive stocks tend to move up when RBI reduces interest rate as the cut in turn will boost credit growth in the banking system, there by giving more money in the hands of customers.
Budget 2019 India: Foreign portfolio investors (FPIs) have pared their portfolios for 13 straight sessions, selling shares worth $1.62 billion since July 5 — sales in the last three sessions have crossed $500 million.
The Mukesh Ambani-led Reliance Industries (RIL), which was about half the size of Indian Oil Corporation (IOC) till nearly 11 years ago, has displaced the public sector refiner as the biggest company by revenue.
The Sensex gained a smart 537.29 points or 1.44% to close at 37,930.77, suggesting investors are pricing in the formation of a stable government. The broader Nifty rallied 150.05 points, or 1.33%, to end the session at 11,407