Top Stories

May 21, 2020 10:06 AM

World Bank names financial crisis expert Carmen Reinhart as chief economist

World Bank President David Malpass said in a statement Reinhart’s experience and insights would prove invaluable as the coronavirus pandemic heaps economic pain on developing countries. She starts at the bank on June 15. Reinhart, a professor at Harvard University, published a book entitled “...

March 11, 2024 5:05 PM

Equity gauges in the green, metal and auto stocks gain

The BSE S&P Sensex was up by 536 points or 1.78 per cent at 30,565 while the Nifty 50 edged higher by 159 points or 1.8 per cent at 8,982.  Except for PSU bank, all sectoral indices at the National Stock Exchange were in the positive zone with Nifty metal and auto up by 1.7 per cent each, pr...

May 12, 2020 3:00 PM

Gold prices rise on fears about second wave of coronavirus infection

The new wave of infections is “priced through the fact that markets are looking at negative (U.S.) interest rates,” analyst Daniel Hynes said, adding that the market was expecting some additional support from the Federal Reserve. However, “we have (also) had a little bit of a rally in the U...

March 11, 2024 5:08 PM

Sensex slumps over 400 points; Nifty drops below 9,200

After touching a low of 31,097.50, the 30-share index was trading 400.20 points or 1.27 per cent lower at 31,161.02. Similarly, NSE Nifty declined 103.95 points, or 1.13 per cent, to 9,135.25. Asian Paints was the top loser in the Sensex pack, falling over 3 per cent, followed by HDFC duo, Mar...

March 11, 2024 5:08 PM

Sensex rises 416 points; financial stocks steal the show

Though, after rallying over 700 points during the session, the BSE gauge pared some of its intra-day gains. The 30-share index finally settled 415.86 points or 1.33 per cent higher at 31,743.08. Similarly, the NSE Nifty closed 127.90 points, or 1.40 per cent, to 9,282.30. IndusInd Bank was the...

March 11, 2024 5:10 PM

Sensex tumbles over 600 pts; Nifty drops below 9,000 mark

Investors were also cautious as crude prices surged after top oil-producing nations agreed on output cuts to shore up oil prices. After hitting a low of 30,541.97, the 30-share index was trading 581.75 points or 1.87 per cent lower at 30,577.87. Similarly, the NSE Nifty was quoting 169.85 points,...

March 11, 2024 5:01 PM

Sensex tumbles over 600 pts; Nifty drops below 9,000 mark

Investors were also cautious as crude prices surged after top oil-producing nations agreed on output cuts to shore up oil prices. After hitting a low of 30,541.97, the 30-share index was trading 581.75 points or 1.87 per cent lower at 30,577.87. Similarly, the NSE Nifty was quoting 169.85 points,...

April 9, 2020 8:15 AM

Global trade will plunge by up to a third in 2020: WTO

"COVID-19 has completely upended the global economy and with it international trade," WTO chief Roberto Azevedo told reporters in a virtual briefing from Geneva. The global trade body was projecting that "trade in 2020 will fall steeply in every region of the world, and basically across all secto...

March 11, 2024 5:00 PM

Markets open in green; all eyes on FM’s economic relief package

The 30-share BSE barometer was trading 713.76 points or 2.30 per cent higher at 29,249.54. Similarly, the NSE Nifty was up 167.95 points, or 2.02 per cent, at 8,485.80. IndusInd Bank was the top gainer in the Sensex pack, rallying up to 20 per cent, followed by Axis Bank, Bajaj Auto, ICICI Ban...

March 23, 2020 1:16 PM

Sensex, Nifty continue to plunge

Although markets saw an across-the-board selling, banking and auto stocks were the worst hit.  At 1 pm, BSE Sensex was down by 3,339 points to 26,577. Nifty meanwhile edged lower by 917 points to 7,829. The coronavirus epidemic has caused edged economies globally to dire straits.  ...