Sensex up 750 points, Nifty above 14,500

Mumbai (IANS) The key Indian equity indices surged on Monday morning with the BSE Sensex gaining over 750 points.

Healthy buying was witnessed in banking, finance and metal stocks.

Around 10.05 a.m., Sensex was trading at 48,631.00,…

Global cues, healthy Q4 results push markets higher

Mumbai (IANS) Positive global cues along with healthy quarterly results pushed the Indian equity markets higher during Monday's mid-afternoon trade session.

Accordingly, the two key indices had a gap up opening in line with positive global…

FPIs pull out investments worth Rs 8,674cr from Indian equity

Mumbai (IANS) As the Covid crisis impacts investor sentiments, foreign portfolio investors (FPI) have pulled out net investments worth Rs 8,674 crore from Indian equities so far in April.

This reversal in trend comes around a year after a bull…

Targeted ransomware attacks grow 767%, India among top targets

New Delhi (IANS) The ransomware attacks on high-profile targets such as corporations, government agencies and municipal organisations globally increased by a whopping 767 per cent in one year (from 2019 to 2020), according to a new report.

Targeted…

RBI directs banks to halve dividend payouts amid 2nd Covid wave

Mumbai (IANS) The Reserve Bank of India (RBI) has directed the banks to restrict dividend payouts to 50 per cent in a bid to conserve capital and stay resilient.

In a notification to all the commercial and co-operative banks, RBI said that…

Covid resurgence to impact FY22 IPO season

Mumbai (IANS) Covid resurgence is expected to not only impact India's secondary markets but also the FY22 IPO season.

The expected trend assumes significance since many Unicorns plan to go public in the next 6-8 months.

In financial…

Samsung tops global smartphone market with 23% share in Q1 2021

New Delhi (IANS) Samsung defended its leading position in the global smartphone market in the first quarter of the year, shipping 77 million smartphones and capturing 23 per cent market share (a growth of over 32 per cent on-year), according to a…

Brace for hike in petrol, diesel prices post elections

New Delhi,  (IANS) Petrol and diesel prices may increase soon at the end of the ongoing Assembly elections with oil companies looking to raise the retail price of the two auto fuels between Rs 2 and Rs 3 per litre in phases and make up for the losses…

Equity indices in green; banking, auto stocks rise

Mumbai (IANS) The key Indian equity indices opened on a positive note on Tuesday with healthy buying banking, finance and auto stocks.

Around 10.10 a.m., Sensex was trading at 48,233.17, higher by 283.75 points or 0.59 per cent from the previous…

Sensex tanks 1,400 points amid surging Covid cases