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Deccan Chronicle Markets News

  • Markets

    Bulls take over Dalal Street, Sensex up 1,300 points, regains 39,000 mark

    Mumbai: Extending its euphoria over government's economy-boosting measures, equity benchmark BSE Sensex soared over 1,300 points to reclaim the 39,000 mark in early session on Monday, driven by gains in index heavyweights HDFC Bank, ITC, L&T and ICICI Bank. After hitting a high of 39,346.01 points, the 30-share index was trading 1,031.58 points, or 2.71 per cent,...

    • an hour ago
  • Markets

    Rupee slips 9 paise to 71.03 against USD in early trade

    Rupee slips 9 paise to 71.03 against USD in early trade Mumbai, Sep 23 (PTI) The rupee opened marginally lower by 9 paise to 71.03 against the US dollar in opening trade on Monday, as rising crude oil prices and concerns regarding US-China trade war kept investors edgy. Forex traders said reports that the US is likely to ramp up pressure on China by raising existing tariffs if a trade deal...

    • an hour ago
  • Markets

    Markets may take a breather after massive gains; sentiment to remain upbeat: Analysts

    New Delhi: Equity markets may take a breather following the massive run up on Friday after the government announced a slew of economy-boosting measures, while the overall sentiment is likely to stay upbeat, analysts said. The BSE Sensex posted its biggest single-day jump in over a decade at 1,921 points on Friday after Finance Minister Nirmala Sitharaman...

    • 23 hrs ago
  • Markets

    FPIs withdraw Rs 4,193 cr from capital markets in Sept so far

    New Delhi: Foreign investors have pulled out a net sum of Rs 4,193 crore from the Indian capital markets in September so far, but the trend is expected to reverse on the back of fiscal relief measures announced by the government, experts said. The Centre on Friday slashed corporate tax rates by around 10 percentage points and said the enhanced tax surcharge will not to apply on...

    • 24 hrs ago
  • Markets

    Six of top 10 cos add Rs 1.15 lakh crore in m-cap; HDFC Bank, HUL sparkle

    New Delhi: The market valuation of six of the 10 most valued firms rose by a whopping Rs 1.15 lakh crore last week, with HDFC Bank and HUL notching up the biggest gains. The BSE Sensex on Friday posted its biggest single-day jump in over a decade at 1,921 points after Finance Minister Nirmala Sitharaman delivered a surprise cut in corporate tax rates. Riding on Friday's...

    • yesterday
  • Markets

    Bank stocks seen as top beneficiaries

    Bank stocks will be the biggest beneficiaries of Prime Minster Narendra Modi's move to slash the corporate tax rate to among the lowest in Asia, according to K.R. Choksey Shares and Securities. 'Most of the bank stocks are in the higher tax bracket and will see improvement in earnings" said Deven Choksey, Managing Director at the company in Mumbai. Lenders including HDFC Bank, ICICI Bank, Kotak...

    • 2 days ago
  • Markets

    Market turns bullish on tax cut, Sensex vaults 1921 pts

    Mumbai: The Indian stock market made a massive rally on Friday, driven by the corporate tax cut announced by Finance Minister Nirmala Sitharaman. The market logged the biggest single-day jump in a decade with the Sensex surging 1921 points, or 5.3 per cent, to 38014.62 and the Nifty gaining 569 points, or 5.3 per cent, to 11274.20. The biggest gain for the Sensex was 2,111 points rise on...

    • 2 days ago
  • Markets

    Sensex ends 1,921 points up after govt cuts corporate tax to revive growth

    Mumbai: Equity benchmark indices closed the week on a euphoric note on Friday after clocking the biggest intra-day gains in a decade at 5 per cent as the government announced a cut in the corporate tax rate for domestic companies and new manufacturing firms. Finance Minister Nirmala Sitharaman slashed corporate taxes and announced a Rs 1.45 lakh crore stimulus to shore...

    • 3 days ago
  • Markets

    Sensex ends over 1900 points, biggest single session gain in last 10 years

    Mumbai: Domestic equity benchmark BSE Sensex ended over 1900 points on Friday after Finance Minister Nirmala Sitharaman announced a slew of measures to revive the ailing economy. The 30-share Sensex ended 1,921.15points, or 5.32 per cent, higher at 38,014.62. The index hit an intra-day high of 36,212.74 and a high of 38,148.95. Similarly, the broader NSE Nifty rose...

    • 3 days ago
  • Markets

    Gold falls by Rs 170 as rupee rallies on FM's announcements

    New Delhi: Gold fell by Rs 170 to Rs 38,390 per 10 gram on Friday in the national capital on strong rupee which rallied after Finance Minister Nirmala Sitharaman announced corporate tax cut, according to HDFC Securities. Silver prices also witnessed correction, declining by Rs 120 to Rs 47,580 per kilogram from Thursday's closing price of Rs 47,700 per kilogram. Gold had closed at Rs...

    • 3 days ago

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