SENSEX-TRUECOLUMN Business Featured National 

Sensex jumps 192 points; RIL surges 4%

On Monday, The BSE benchmark Sensex continued its winning run for the fifth straight session rallying 192 points, and the NSE Nifty inched toward the 11,000 marks, riding on strong Q3 earnings by some bluechip companies, coupled with positive global cues. Sensex went past the 36,700-mark to scale a high of 36,701.03 (intra-day) on the back of widespread gains. Finally, the 30-share index settled at 36,578.96, up 192.35 points, or 0.53 per cent. It touched a low of 36,351.77. The gauge had risen 533.05 points in the previous four sessions.…

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Business Featured National 

Nifty , Sensex gain 1% each , Here are the 5 reasons

After consolidating for last few sessions, bulls took complete control on Tuesday as the benchmark indices rallied more than 1 per cent each driven by rate sensitives and technology stocks. The  BSE Sensex gained 464.77 points at 36,318.33 and the Nifty also gained  149.20 points to 10,886.80. The Nifty Midcap index gained 0.7 per cent and Smallcap gained 1.1 per cent. The market breadth was also in favour of bulls as about three shares advanced for every two shares falling on the exchange. The experts are expecting that Nifty could surpass 11,000…

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SENSEX-TRUECOLUMN Business Featured National 

SENSEX JUMPS OVER 300 POINTS

After the appointment of new RBI Governor, the equity bench mark BSE SENSEX jumps over 300 points in the early trade on Wednesday. NIFTY also rose by 98.50 points or 0.93%, to 10,647.65. The 30-share index was trading higher by 324.94 points, or 0.92%, at 35,474.95. All the sectoral indices, led by banking, auto, and consumer durables stocks were trading in the positive zone. Brokers said that the investor sentiment got a boost after the appointment of the new RBI Governor on hopes that it will now address the liquidity…

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RUPEE-TRUECOLUMN Business Featured 

Rupee falls 9% to 70.55 against US dollar in early trade

With the rising price of crude oils, rupee falls by 9 percent to 70.55 percent in early trade at the interbank foreign market on foreign funds outflow. Foreign dealers said that there is a fresh demand from the American currency from importers amid rising in crude oil prices weighed on the domestic unit. After the rise, the rupee opened lower at 70.50 per dollar and dropped further to quote at 70.55, 9 paise over its previous close. On Monday the local unit snapped the four days rising streak and dropped…

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RBI policy rates- truecolumn Business 

Rupee crossed 74 mark against US Dollar, RBI Policy rates surprised all

Sinking day by day to an all-time low, Rupee has crossed the unbelievable mark of 74 against US Dollar on Friday thus creating a massive disturbance in the stock market. Meanwhile, the RBI has announced its fourth bi-monthly policy rates today thus surprising everyone for the unchanged Repo Rate. The repo rate at which RBI lends money to the commercial banks was expected to be increased by 25 basis points or 0.25% but it is kept still at 6.5% as against raised on August and July this year. The five-panel…

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valueof rupee- truecolumn Business 

Value of Rupee falls record low of 73.77 against Dollar, immediate steps taken

Thrashing everyone’s aspiration, again and again, Value of the rupee is still falling with the flow and this time to a record low level of 73.77 against Dollar on Thursday. Thus, government and RBI have taken some immediate steps to further control the hike in the rupee value. Value of rupee falls to about 44 paise in the morning due to hike in the international oil prices thus leading a fear of maintaining Current Account Deficit (CAD) and Capital Outflows in the coming days. Talking about the reason of the…

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arunjaitley-trucolumn Business 

Rupee continues to fall, Arun Jaitley blames “Global Reasons”

Devaluation of rupee is still continued at the sixth straight day today and it closes at 71.75 on Wednesday. However, Finance Minister Arun Jaitley termed the Rupee fall due to Global reason rather than the domestic reasons. Arun Jaitley said the devaluation is due to rising crude oil prices and US Investors withdrawing hands from overseas investments in the global market. Mr Jaitley said, “There are no domestic reasons. Reasons are global. In the last few months, the dollar has strengthened against every currency”. Finance Minister has recovered from an…

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sbi-truecolumn Business 

Good news for the job seekers, SBI to hire 10,300 employees this year

Here is some good news for the bank job seekers who were disheartened by the subtraction of jobs last year as the country’s largest lender, State Bank of India is planning to hire 10,300 employees before the end of March 2019. The announcement comes as effect in the reduction of 15,762 employees due to the digitisation and retirements. The corporate development officer at SBI, Prashant Kumar confirmed about the news of recruiting 2,000 Probationary officers and 8,300 clerical staff. Kumar said, “Basically, we are replacing only about 75 percent of…

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