Business

Sensex soars 630 points, Nifty reclaims 10,700-mark

Benchmark indices defied gravity for the second straight session Wednesday as investors gave a thumbs-up to the prompt appointment of former bureaucrat Shaktikanta Das as the new RBI Governor.
The BSE Sensex zoomed 629.06 points, or 1.79 per cent, to end at 35,779.07, while the broader NSE Nifty rallied 188.45 points, or 1.79 per cent, to 10,737.60. All the 30 Sensex stocks as well as BSE sectoral indices finished with gains, led by realty, auto, metal, capital goods and financial counters.
Major gainers in the Sensex pack were Hero Motocorp, which rallied 7.01 per cent, followed by Bharti Airtel (6.69 per cent), Yes Bank (5.30 per cent), Adani Ports (4.90 per cent), Tata Steel (3.75 per cent) and Bajaj Auto (3.70 per cent).
Analysts said the quick appointment of the new RBI governor and expectations of more steps to ease the liquidity situation bolstered trading sentiment.

Rupee logs third straight loss; Indo-US trade tiff weighs

The Indian rupee Monday fell by another 11 paise to close at 69.91 to the the US currency, its third straight-session loss, in line with intense sell-...

New Income Tax Rules in effect from today. Tax evaders can't just get away by paying penalty

The Central Board of Direct Taxes (CBDT) issued revised guidelines on 'Compounding of offences under the direct tax laws' on late Friday. The rev...

US-India trade tension hangs over Indian capital markets,Now

Indian equity markets could come under pressure over the fresh tension between the US and India over trade as India retaliated with tariffs on 29 Amer...

US-India trade tension hangs over Indian capital markets

Indian equity markets could come under pressure over the fresh tension between the US and India over trade as India retaliated with tariffs on 29 Amer...