Sensex breaches 28,000 Mark for First Time

New Delhi, Nov 05: The benchmark BSE Sensex breached 28,000-mark for the first time and the NSE Nifty hit a new peak of 8,363.65 in early trade on Wednesday signalling the international market that India could be seen globally as a better destination to do business.

Indian stock markets have now gained over 7.5 per cent, or nearly 200 points, in the last 12 trading sessions and bulls seem firmly in control of the Dalal Street. Indian markets shed some early gains in afternoon trade on profit-taking. At 12:30 pm, the Sensex was up 33 points to 27,893 while Nifty was up 10 points at 8,333.

Several reasons could be analysed behind this surge in the BSE index.

The reasons are Japan has put in lot of liquidity into their economy, America has given indications that interest rates may not be increased, and Modi Government's efforts are drawing lot of positivity in international businessman, whether they are FIIs (foreign institutional investors) or FDI investors, or foreign businessman who merely want to do business with India, said a market expert.

FinTech firms assisting banks with customer acquisition

New Delhi: In the recent past, FinTech firms have seen an enormous transformation, backed by the current age of digitisation and a boom in digital dat...

Goyal urges railways, power, coal ministries to work in coordination for 24X7 power supply

New Delhi:To ensure 24X7 power supply to people, Union Minister Piyush Goyal today urged ministries of railways, power and coal to work in coordinatio...

Petrol, Diesel Prices Hiked For Fifth Day, Rates Set To Go Up Further: 10 Points

Petrol and diesel prices were increased by 28-31 paise per litre across Delhi, Kolkata, Mumbai and Chennai on Friday. Petrol and diesel prices are cur...

Anmol Industries eyes rural markets this fiscal

New Delhi: With the view to establishing the strongest pan India brand presence based on the principle of "promise less, deliver more," one of leading...