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Sensex tumbles 341 points on weak global cues Nifty ends below 14,900 Snapping its four-session rising streak, equity benchmark Sensex tumbled 341 points on Tuesday, led by losses in index-heavyweights HDFC twins, Kotak Bank and TCS amid negative cues from global markets. The 30-share BSE index ended 340.60 points or 0.69 per cent lower at 49,161.81. Similarly, the broader NSE Nifty slumped 91.60 points or 0.61 per cent to 14,850.75. Kotak Bank was the top loser in the Sensex pack, shedding 3 per c...

Investors chasing value in PSUs take CPSE index to 2-year high SECTIONS Share Synopsis Experts say another 20% rally possible PSU stocks expected to remain in focus led by valuations gap, superior dividend yields and improving earnings visibility at many cos Agencies Investors’ appetite for undervalued stocks brought them to public sector companies on Tuesday, driving the index comprising shares of state-owned companies to a two-year high. The CPSE, or Central Public Sector Enterprises, index jumped 3.4% on Tuesday as against the 0.6% decline in the Nifty, opening up the possibility of anot...

Equity benchmarks nursed losses on Tuesday after four days of gains, largely in tandem with overseas markets which tumbled after surging commodity prices stoked inflation fears. Profit-booking in banking, finance and metal counters further weighed on bourses, traders said. The 30-share BSE Sensex opened on the backfoot and stayed in the negative territory throughout the session, ending 340.60 points or 0.69 per cent lower at 49,161.81. Similarly, the broader NSE Nifty slumped 91.60 points or 0.61 per cent to close at 14,850.75. Kotak Bank was the top loser in the Sensex pack, shedding 3 p...

Sensex tumbles 341 pts on weak global cues, Nifty ends below 14,900 Sensex tumbles 341 pts on weak global cues, Nifty ends below 14,900 The 30-share BSE index ended 340.60 points or 0.69 per cent lower at 49,161.81. Similarly, the broader NSE Nifty slumped 91.60 points or 0.61 per cent to 14,850.75. Kotak Bank was the top loser in the Sensex pack, shedding 3 per cent, followed by HDFC, Bajaj Finance, Bajaj Finserv, Tech Mahindra, HUL and Titan. On the other hand, NTPC, ONGC, PowerGrid, Sun Pharma, UltraTech Cement and SBI were among the gainers. According to Binod Modi, Head Strategy at Reli...

Sensex tanks over 450 points in early trade Nifty slips below 14,800 Equity benchmark Sensex tumbled over 450 points in early trade on Tuesday, tracking losses in index-heavyweights HDFC twins, ICICI Bank and Kotak Bank amid negative cues from global markets. The 30-share BSE index was trading 470.10 points or 0.95 per cent lower at 49,032.31 in initial deals. Similarly, the broader NSE Nifty slumped 145.80 points or 0.98 per cent to 14,796.55. Kotak Bank was the top loser in the Sensex pack, shedd...