Sensex drops 285 points in morning trade; Nifty below 8K-level

Mumbai - Bears continued to cast shadow as the benchmark BSE Sensex extended its overnight crash to drop 284.91 points and Nifty fell below the crucial 8K-level on across the board selling amid mixed Asian cues.

The market was entangled by global uncertainties due to fall in crude oil prices, Russian currency turmoil as well as uninterrupted selling by FIIs.

There is a need of definite trigger for bourses to recoup as investors are looking for the outcome of a crucial US Federal Reserve meeting, a trader said.

The 30-share BSE Sensex resumed lower at 27,724.01 and dipped to 26,483.57, down by 284.91 points, or 1.06 percent, at 1015 hours.

SpiceJet shares plunge 17% as airline asks for govt help

Mumbai - Continuing its plunge for the fourth straight session Tuesday, shares of SpiceJet tanked 17 percent even as the beleaguered company got a breather with indications that state-run Airports Authority of India would not press for immediate clearance of Rs 200 crore dues.

Amid continued sluggish investor sentiment for the shares of the Kalanithi Maran-led company, SpiceJet plunged 16.97 percent to Rs 11.25 at the BSE.

In four trading sessions, the stock has crashed over 25 percent, eroding Rs 216.63 crore from its market value.

Marketmen said that the stock is witnessing a downtrend amid mounting troubles for the cash-strapped budget carrier.

TCS shares tank 4% on revenue growth concerns

Mumbai - Shares of Tata Consultancy Services (TCS) fell by 4 percent Monday on worries that growth may be muted after the company said it expects revenue in December 2014 quarter to be 'in-line with seasonal trends'.

TCS's scrip tumbled 4 percent to Rs 2,356.45 at the BSE.

On the NSE, it was down 3.9 percent to Rs 2,355.10.

The bellwether stock was the worst performer among the 30-Sensex constituents.

The third quarter of the fiscal is traditionally weaker for IT firms as business is impacted by low volume growth amid Christmas and New Year holidays and furloughs in the US and Europe.

Rupee plunges to over 10-month low of 62.51 Vs USD

Mumbai - The rupee depreciated by 22 paise to trade at over 10-month low of 62.51 against the greenback in early trade Monday due to increased demand for the US currency from importers and a weak opening in domestic equity markets.

Forex dealers said besides fresh demand from importers for the American unit at the Interbank Foreign Exchange here, a lower opening in the domestic equity market after industrial output contracted by 4.2 percent in October -- the sharpest decline in at least two years -- put pressure on the rupee.

Besides, dollar's gains against other currencies overseas weighed on the rupee, they added.

Sensex plunges 245 points in early trade, Nifty dips below 8,200

Mumbai - The benchmark Sensex tumbled over 245 points and the Nifty went below the 8,200 mark in early trade Monday on continued selling by funds and retail investors after October industrial production contracted sharply, amid a weak trend in the Asian region.

Falling for the third straight session, the 30-share barometer plunged by 245.64 points, or 0.89 percent, to 27,105.04 with IT, consumer durables, realty, capital goods, metal and oil & gas stocks leading the fall.

Auto, healthcare and power stocks also faced selling pressure.

The BSE index had lost 480.42 points in the previous two sessions.

Sensex, Nifty plunge in early trade on global selloff

Mumbai - The benchmark BSE Sensex tumbled over 258 points to 27,572.70 and the NSE Nifty slumped by 74.15 points to trade below 8,300-mark in early trade on Thursday on sustained foreign fund outflows, tracking weak global cues amid plunging crude prices.

The 30-share index fell by 258.40 points, or 0.92 per cent, to 27,572.70, with all the sectoral indices led by capital goods, realty, auto, metal and PSU trading in the negative zone.

The gauge had gained 34.09 points in yesterday's volatile trade.

Also, the National Stock Exchange index Nifty shed 74.15 points, or 0.88 per cent, to 8,281.50 in early trade.

Rupee down 15 paise at 62.17 against US dollar

Mumbai - Continuing its falling streak for the fourth straight day, the rupee weakened by another 15 paise to trade at 62.17 against the US dollar in early trade on Thursday due to sustained demand for the American currency from importers.

The dollar's gains against other currencies overseas and a lower opening in the domestic equity market also put pressure on the local unit, forex dealers said.

The rupee had lost 14 paise to end at over one-week low of 62.02 against the greenback yesterday on sustained dollar demand from importers and fresh capital outflows.

Ruhi Singh wins Miss Universal Peace and Humanity title

Ruhi SinghMumbai : India's Ruhi Singh became the first ever Miss Universal Peace and Humanity title winner at an event held in Lebanon on Wednesday.

Ruhi, who represented India at Miss Universal Peace and Humanity, won the crown beating competitors from 145 other countries and is also the first person from India to win this title.

"I am ecstatic. This still seems like a dream to me. I am waiting to reach India and share this joy with my loved ones. I am grateful to the entire team of Miss India Organization for giving me this opportunity to make my country proud," Ruhi, who looked gorgeous in a Komal Sood gown, said in a statement post her win.

She has been gratified with USD 50,000.

Sensex extends losses for 4th straight day; trading at 27,710

Mumbai - Continuing its falling streak for the fourth straight day, the benchmark BSE Sensex fell by nearly 87 points in early trade on Wednesday on sustained selling by funds and investors amid weak global cues.

The 30-share barometer, which lost 765.81 points in the previous three sessions, fell by 86.98 points, or 0.31 percent, to 27,710.03 in early trade.

On similar lines, the National Stock Exchange index Nifty declined by 9 points, or 0.11 percent, to 8,331.70.

SAT to hear DLF plea against Sebi order tomorrow

Mumbai - With Securities Appellate Tribunal set to hear DLF and its senior executives' plea against Sebi ruling on Wednesday, the focus is likely to be on the accounting practices that were followed by the realty major.

The tribunal, last month, clubbed the petition from DLF's promoters with the company's main plea against Sebi ruling.

In October, the market watchdog had banned DLF, its chairman K P Singh and five other senior officials from the securities market for three years with regard to alleged non-disclosure of three of its hundreds of subsidiaries in the 2007 IPO filing.

Sensex slips below 28K, Nifty down 72 points

Mumbai - Extending their fall, the benchmark BSE Sensex slipped below the 28,000 level and the NSE Nifty dropped below the 8,400 mark at midsession as funds and retail investors indulged in selling activity amid weak global cues after crude oil dipped to fresh five-year lows.

After opening in negative terrain on continued selling activity by participants, the Sensex dipped below the psychological 28,000-mark to touch a low of 27,869.92. It, however, recovered marginally to 27,911.35, down by 208.05 points, or 0.74 percent at 1330 hours.

Sensex down 105 points as IT shares slip; logs 1st weekly drop in 7 weeks

Mumbai - The benchmark Sensex on Friday ended 105 points lower at 28,458.10 and logged its first weekly drop in seven weeks on late profit-booking in IT and pharma shares.

The BSE Sensex appears to be consolidating between 28,000 and 29,000 levels before making any fresh move, brokers said.

ITC, M&M and Sesa Sterlite were among the few gainers in 30-share Sensex. The barometer fell on losses led by TCS, Infosys, Wipro, Sun Pharma, Dr Reddy's and Cipla shares.

Second-line stocks, which have been in the limelight recently, also were hit by profit-booking by retail investors, brokers added.

Sensex rises for second straight session; trading over 28,600 level

Mumbai - Rising for the second consecutive session, the benchmark BSE Sensex gained over 88 points in early trade on Friday on sustained foreign capital inflows coupled with a mixed trend on other Asian bourses.

The 30-share index, which had gained 120.11 points in the previous session, gathered another 88.93 points, or 0.31 percent, to 28,651.75 with oil & gas, metals and capital goods sectors leading the rise.

The NSE Nifty also shot up by 15.15 points, or 0.18 percent, to 8,579.55.

India names World Cup probable list, five big names dropped

India names World Cup probable listMumbai, Dec 4 : The national selection committee of the Board of Control for Cricket in India (BCCI) on Thursday named its 30-member probable squad for the 2015 World Cup in Australia and New Zealand.

On the recommendation of the selection committee, the board has dropped senior players Virender Sehwag, Harbhajan Singh, Zaheer Khan, Gautam Gambhir and Yuvraj Singh, all of whom were part of the 2011 World Cup winning squad.

The emphasis was on selecting young talent.

The other players who have been dropped include Yusuf Pathan, Piyush Chawla and Ashish Nehra.

Sensex gains 278 points; Nifty hits new peak

Mumbai - The benchmark BSE Sensex staged a strong comeback by surging over 278 points and the NSE Nifty hit a new high of 8,626.95 in early trade Thursday as shares of ITC led the rally on expectations that the proposal to ban sale of loose cigarettes is likely to be put on hold.

Besides, a firming trend in other Asian markets buoyed the trading sentiments here.

The 30-share index, which had retreated from record-high by falling 251.28 points in the past three sessions, recovered by 278.41 points, or 0.98 percent, to 28,721.12 with all the sectoral indices, led by FMCG, realty, oil & gas and banking, trading in positive zone with gains up to 2.26 percent.

Sensex slips 47 points after positive start

Mumbai - The benchmark BSE Sensex slipped by 46.58 points in morning trade on Wednesday as bourses turned wavery on bouts of selling in key bluechips from IT, tech, healthcare and FMCG sectors.

Earlier, the market recovered from its overnight losses amid firm buying in realty, capital goods, banking, consumer durables, metal and oil & gas sector stocks coupled with shares of mid-cap and small-cap companies.

Higher Asian cues amid overnight gains in US stocks along with FII inflows overlapped the market sentiment.

The 30-share index opened higher at 28,472.32 and fluctuated between 28,504.65 and 28,370.73 before quoting 28,397.43 points at 1100 hours.

RBI maintains status quo; indicates rate cut in early 2015

Mumbai - Disappointing industry and the government, RBI Tuesday chose not to go for a rate cut for fifth time in a row but held out a promise of a softening stand in the next review due in February.

While keeping the short term lending (repo) rate unchanged at 8 percent, RBI Governor Raghuram Rajan said that "a change in the monetary policy stance at the current juncture is premature".

"However, if the current inflation momentum and changes in inflationary expectations continue, and fiscal developments are encouraging, a change in the monetary policy stance is likely early next year, including outside the policy review cycle," he said.

Interest rates to remain unchanged, says RBI

RBIMumbai, Dec 2 : The Reserve Bank of India (RBI) on Tuesday decided to keep interest rates unchanged and to stay focussed on containing inflation.

The RBI kept the repo rate at 8 per cent at its policy review, and there was no reduction.

The reason for the interest rates being unchanged was because of the less than positive economic growth that was expected during Prime Minister Narendra Modi's first six months in power.

RBI Governor Dr. Raghuram Rajan has reportedly kept the rates same, as a slowdown in economic growth was not as bad as earlier feared.

Rupee down 22 paise at 62.25 against US dollar

Mumbai - The rupee lost 22 paise to trade at a fresh nine-month low of 62.25 against the US dollar in early trade on Monday at the Interbank Foreign Exchange due to rise in the greenback's value against other currencies overseas.

Dealers attributed the fall in rupee to dollar's gains against the euro and yen overseas.

However, a higher opening in the domestic stock market limited the fall of the domestic currency. The rupee had tumbled 16 paise to close at almost a nine-month low of 62.03 against the dollar on Friday following sustained dollar demand from importers, including oil firms.

Rupee down 6 paise at 61.93 against US dollar

Mumbai - The rupee depreciated by 6 paise to trade at 61.93 against the US dollar in early trade on Friday, extending yesterday's weakness due to sustained month-end demand for the American currency from importers.

The dollar's gains against other currencies overseas also put pressure on the local unit but a record opening in the domestic equity market limited the losses, forex dealers said.

The rupee had lost 3 paise to end at 61.87 against the greenback in yesterday's trade on month-end dollar demand from importers.

Meanwhile, the benchmark BSE Sensex spurted by 326.61 points, or 1.14 per cent, to hit a new life-time high of 28,765.52 in opening trade today. (PTI))

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