Business

After two sessions of losses, Sensex rebounds

Furthermore, encouraging quarterly earnings by a few more companies too influenced sentiments. After two sessions of losses, the benchmark Sensex recovered almost 173 points and the NSE Nifty retook the 8,800-mark in early trade on Thursday on fresh spell of buying by participants. Power, bank and auto sector stocks hogged …

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Rupee zooms past 3-month high, up 24 paise

On November 10 last year, the rupee had closed at 66.63 against the dollar. Steady on recovery path, the rupee on Thursday went past its three-month high in early trade to 66.95 against the dollar on sustained selling of the American currency by exporters and banks. On November 10 last …

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‘M&A activity to surge by 2019’

India will also see a strong growth in the number of IPOs over the next four years. Mergers and acquisitions (M&A) activity is set to more than double to $49.3 billion in 2019, according to a report by global law firm Baker McKenzie. It added that it expects most of …

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‘Centre was in talks with RBI on note ban from Feb.’

Jaitley tells Rajya Sabha that the Centre and senior officials of the Reserve Bank of India had held consultations on the issue The decision to demonetise ₹500 and ₹1,000 notes was recommended by the Reserve Bank of India to the Centre on November 8 and was then conveyed to the …

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Rupee recoups against dollar at Rs. 67.31

Forex dealers said weakness in the dollar against other currencies overseas supported the rupee. The rupee recovered 10 paise to trade at 67.31 against the US dollar in early trade on Wednesday on fresh dollar selling by exporters and banks. Forex dealers said weakness in the dollar against other currencies …

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Sensex bounces on rate cut hopes

Expectations that RBI might lower key interest rates at its bi-monthly monetary policy review influenced sentiment. The benchmark BSE Sensex recovered over 56 points in opening trade on Wednesday on hopes of a rate cut by the Reserve Bank and encouraging corporate earnings. The 30-share index, which had lost 104.12 …

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