Sensex closes by 790 points

Mumbai: Extending gaining streak for the third consecutive session, the BSE Sensex on Wednesday spurted 789.70 points to close at 49,733.84 following gains in Bankex, Finance, Telecom, Auto and Consumer Durable stocks. The Nifty too rose by 211.50 points to 14,864.55. The Sensex opened higher by 72 points to 49,066.64....

Nifty slipped below 15000

Mumbai: The domestic stock market has also seen weakness amid weak global cues. Both the Sensex and Nifty indices have closed in the red mark. The Nifty has slipped below 15000. After midday due to huge profit realization in PSU bank shares, the market decline has increased. Currently, the Sensex...

Rupee plunges to 2-month low

Mumbai: The uncertainty regarding the US election outcome impacted the Indian rupee which plunged to its 2-month low mark during Wednesday's trade session. Accordingly, the rupee hit an intraday low of 74.88 as the US presidential results might be contested in courts. At around 3.15 p.m., the rupee traded at...

Trump signs executive orders on unemployment

Washington: President Donald Trump signed several executive orders Saturday, including an order to provide an extra $400 in weekly unemployment aid to those whose $600 weekly benefits expired in July as well as eviction protections and student loan relief. A fourth executive order would defer payroll tax payments for people...

Sun Pharma gains as US subsidiary achieves resolution on antitrust investigations

New Delhi: Shares of Sun Pharmaceutical Industries Limited rose 4 percent to Rs 497.80 in early trade after its US subsidiary, Taro Pharma reached a settlement agreement with the US Department of Justice (DoJ), Antitrust and Civil divisions to pay $205.7 million to settle the generic drug price-fixing allegations against...