For suppliers of other items, whose delivery is stuck due to the lockdown, the government has extended the delivery period by 30 days beyond the expiry of the original delivery period The government e-market place (GeM) is attracting sellers of products like hand sanitisers and face masks in droves amid […]
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Coronavirus: India to continue sourcing medical supplies from China; 20 flights to fly in test kits
Coronavirus update: The batch India received was from two Chinese companies, Guangzhou Wondfo Biotech that provided 3 lakh kits and Zhuhai Livzon Diagnostics that provided 2.5 lakh kits Despite reports that India received faulty Rapid Antibody Test kits from China, the government has decided to continue importing medical supplies from […]
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Sensex rises 483 points, Nifty at 9,313 as oil prices attempt recovery
Domestic benchmarks climbed to day’s high, with Sensex and Nifty rising to 31,959 and 9,343, backed by strong overseas markets that rose amid a recovery in crude prices. Sensex and Nifty closed on a bullish note on Thursday, amid positive cues from global counterparts that rallied on oil prices rebounding […]
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Sensex snaps two-day losing streak, Nifty ends shy of 9K; IT stocks under pressure
Earlier, domestic equity bourses opened lower, tracking losses in Asian counterparts amid dismal US economic data and poor start of quarterly earnings’ season. However, markets turned bullish on the trend reversal in SGX Nifty and a higher opening in European indices. Sensex and Nifty snapped two days of losing streak and […]
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India’s March retail inflation eases to 5.91%
The retail inflation stood at 6.58 per cent in February 2020 and 2.86 per cent in March 2019, as per the CPI data released by the National Statistical Office (NSO) Retail inflation, calculated on the basis on Consumer Price Index, eased to 5.91 per cent in March over the previous month, […]
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Sensex ends 1,265 points higher, Nifty at 9,111; Five factors that fueled the rally
Since the beginning of the year, both BSE, NSE benchmarks have declined 25%, 24% respectively. Markets will remain closed tomorrow on account of Good Friday. Sensex and Nifty ended at 3-week closing highs on Thursday, led by robust buying in pharma, auto and FMCG stocks on hopes that the coronavirus […]
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Coronavirus crisis: HGS offers telephone triage services to support COVID-19 patients
The lender’s advances grew 6.3% to Rs 9.93 lakh crore while deposits rose 7.4% over the previous quarter to Rs 11.46 lakh crore, on a quarterly basis. HDFC Bank shares closed over 10% higher on Tuesday after the lender posted healthy growth in its advances and deposits in March. HDFC Bank […]
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YES Bank share price hits upper circuit of 20% on plan to raise Rs 5,000 crore
Share price of YES Bank rose up to 20% to Rs 31.95 compared to the previous close of Rs 26.55 today YES Bank share price rose in early trade today after the bank’s newly formed board cleared a plan to raise Rs 5,000 crore through sale of shares. Share price of […]
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With 75% economy under lockdown, analysts see sharp fall in GDP
Even when the lockdown period ends, it will take time for the economy to be fully up and running. The public fear factor, analysts feel, will still result in below-normal activity for a few months The 21-day shutdown announced by the Narendra Modi – led government due to coronavirus (Covid-19) pandemic has […]
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Investing strategies: Is it a good time to buy stocks for the long term?
The Jefferies report said that within the Nifty 100 several PSUs such as State Bank of India, GAIL, ONGC, NTPC, Bank of Baroda, Punjab National Bank & Power Finance Corporation slipped below GFC lows. The coronavirus pandemic has rattled global economies and triggered an across-the-board sell-off in equities as an asset class. […]