Mid-market see reddish, after Pak breaches Indian air space

After scaling day’s high in the morning session, Equity benchmarks erased the gains generated, and the Sensex trade at 35,800 levels.  As per media reports,  Pakistan jets violated Indian air space in Nowshera sector of Jammu & Kashmir’s Rajouri district, Read more

M&M Q3 Profit Falls 11-pc, Stock Down

India’s premium automaker, Mahindra & Mahindra Limited (M&M) on Friday reported third-quarter financial outcome (Q3FY19) for the period ended Dec-31, 2018 during market hours. The auto major posted an 11.4percent fall in Q3 profit, on weak demand in passenger vehicle Read more

RBI cuts repo-rate 25-bps, Stock reverse gains

The RBI’s Monetary Policy Committee (MPC) has slashed the repo rate by 25 bps in its sixth bi-monthly monetary policy statement for 2018-19. The three-day policy review meeting by the MPC started in Mumbai on Tuesday, headed by newly appointed Read more

Stock Update: Sensex, Nifty flat on Thursday morning

Key benchmark indices opened on a flat note on Thursday, with the Nifty50 lower 10,820 mark. The domestic currency opened at 71.27 against the US dollar and slowly recovered further to 71.20, while Crude oil futures of WTI fell 38% Read more

Live Stock: Power Finance shares fall after merger proposals

Shares of Power Finance Corporation Ltd and Rural Electrification Corporation Ltd were on lower circuit in trade Thursday ahead of the Cabinet meeting today to consider the merger deal of the companies.

Paint Cos stocks rise on Crude oil fall

Oil prices have corrected by more than five times in the last one month. This comes as an enormous relief for companies who were hit by a powerful effect of rising crude oil along with a falling rupee