Business
BSE SENSEX at 15000
Jun 3rd
The markets opened higher and continued their recovery from Tuesday’s trade. Buying was seen in infrastructure, metals and banking stocks. Midcaps and smallcaps also moved up following the benchmark indices. The Sensex touched the 15000 mark in the opening trade but retreated from the same level.
At 9:58 am, the Sensex was up 123 points, to [...]
Market hit Upper Circuit
May 18th
The one-sided win for the UPA government (lead by 262 seats) in the 15th Lok Sabha election, which shrugged off the exit polls results drastically, brought great cheers for the markets in early trade. The benchmark indices locked at upper circuit. The BSE & NSE are in discussion on extent of trading halt, as the [...]
India`s FY10 GDP to grow at 5.7%
May 15th
Reserve Bank of India (RBI) on Thursday released the results of quarterly survey of Professional Forecasters on major macroeconomic indicators of medium term economic developments. According to the survey done by the RBI of 17 agencies, including the World Bank, the Indian economy is likely to grow by 5.7% in the year ending March [...]
Microsoft lays off 1% of India employee
May 11th
Microsoft has laid off 1 per cent of its India workforce on May 5. This move is part of the global software maker’s second wave of layoffs. Microsoft India has sent notices to its employees in Bangalore and Hyderabad that it would be eliminating their jobs.
It is not clear which groups of the Indian operations [...]
BSE SENSEX above 12K
May 4th
At 12:23 hours IST, the 30-share BSE SENSEX touched 12,000 mark. Metal, realty, technology, banking, capital goods and FMCG were witnessing buying interest. Midcaps and Smallcaps also surged but the benchmark indices outperformed the broader indices.
BSE Metal index surged 6.6% followed by Bank, IT, Realty and Capital Goods indices, which shot up 5% each. Auto, [...]
Tech Mahindra wins bid for Satyam at 58 Rs per share
Apr 13th
Tech Mahindra has won the bid for Satyam Computer Services. The long-drawn race finally drew to a close as it was confirmed that Tech Mahindra bid for Satyam at Rs 58 per share, while Larsen & Toubro, the other player in the fray, bid at Rs 49.50 per share.
Tech Mahindra will have to pay [...]
Wipro delaying joining of 8000 freshers
Feb 25th
Wipro is going to take all the 8000 fresher to whom the offer is made but the joining is likely to be delayed and it can go to next year, a senior official of the company said.
“They are going to come out in June or July… They will come as and when we actually need [...]
Muhurat Trading in Stock Exchange
Oct 28th
Today on the occassion of diwali NSE and BSE both are conducting muhurat trading, but mood of both invester and broker is sombre.
“No miracle is going to happen in the markets just because it is Diwali. We do not expect clients to conduct any big trades,” said Anita Gandhi, head-institutional business, Arihant Capital Markets.
BSE and [...]
