Sensex down 500 points; banking, finance stocks fall

Mumbai (IANS) The key Indian equity indices declined on Wednesday morning, with the BSE Sensex losing over 500 points.

Heavy selling pressure was witnessed in banking and finance stocks.

Around 10.24 a.m., Sensex was trading at 49,629.68,…

Global cues, value buy lift equities; Sensex rises over 1,000 pts

Mumbai (IANS) Favourable global cues, as well as value buying, lifted India's key equity indices during the mid-afternoon trade session on Tuesday.

Accordingly, the two indices had a gap up opening on account of favourable global cues and…

Large private banks well placed to accelerate market share gains: MOFSL

New Delhi (IANS) Large private banks are well placed to accelerate market share gains, Motilal Oswal Financial Services (MOFSL) said in a report.

As per the report, the rise in market share is expected to take place on the back of strong capital…

'Pvt sector can help increase funding options for rail infra'

New Delhi (IANS) Private sector could help increase funding options for creating railway infrastructure, said ratings agency ICRA.

"Given the increased funding requirements, besides higher global business services (GBS), other avenues like…

'Faster electrification of urban focused scooters expected'

New Delhi (IANS) Narrowing the price gap between internal combustion engine equipped two-wheelers and their electric variant, can accelerate electrification of urban focused scooters, said Motilal Oswal Financial Services Ltd. (MOFSL).

Accordingly,…

AEPC seeks steps to curb export of cotton yarn

New Delhi (IANS) Apparel Export Promotion Council (AEPC) has sought for imposition of quantitative restrictions and export duty on export of cotton yarn from India.

In a letter to the Union Minister of Textiles Smriti Zubin Irani, AEPC Chairman…

Shares of Tata Group firms surge after SC verdict against Mistry

Mumbai (IANS) The shares of Tata Group companies shot up on Friday after the Supreme Court came up with a favourable judgement for the group in the case relating to removal of Cyrus Mistry as the as the executive chairman of the conglomerate.

Sensex up 700 points; metal, auto stocks surge

Mumbai (IANS) Snapping its two-day free fall the Indian stock market surged on Friday with the BSE Sensex gaining over 700 points during the afternoon trade.

Bargain buying along with a positive trend in the global markets supported the Indian…

Ashok Leyland launches 14 wheeler truck

Chennai (IANS) Commercial vehicles major and part of Hinduja Group Ashok Leyland Ltd on Friday launched its 4-axle 14-wheeler truck.

The Gross Vehicle Weight (GVW) of the new truck is 40.5 ton.

"We have last year launched AVTR - India's…

Equity indices fall, Sensex down 500 points

Mumbai (IANS) The key Indian equity indices continued to decline on Thursday, with the BSE Sensex losing over 500 points.

Heavy selling pressure was witnessed in auto, finance and IT stocks.

Decline in the index heavyweights such as…