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Deutsche slashes December Sensex target to 28,000 Deutsche slashes December Sensex target to 28,000 Global banking and financial services major Deutsche Bank Monday slashed its year-end Sensex target to 28,000 from 31,000 on concerns over global growth.
RBI to cut rates irrespective of Fed moves: Ind Ra RBI to cut rates irrespective of Fed moves: Ind Ra RBI will consider slashing repo rate by 0.25 percent in its upcoming policy meet, irrespective of a rate hike by US Federal Reserve, Ind-Ra said Monday.
Amtek Auto shares continue to rally; surge 13% Amtek Auto shares continue to rally; surge 13% Shares of Amtek Auto surged 13 percent Monday as promoters infused Rs 75 crore in the company and on news that it is considering selling non-core business, minority stake in overseas firm and some industrial real estate assets within the business to overcome the financial crisis.
Sensex soar 246 points on macro numbers, rate cut hopes Sensex soar 246 points on macro numbers, rate cut hopes Markets got off to a good start on Monday when the Sensex surged over 246 points to close at a 2-week high of 25,856.70 on back of improved prospects of a policy rate cut following a further fall in WPI inflation for August and better-than-expected IIP data for July.
Arun Jaitley promises global investors 'fairest, predictable' tax regime Arun Jaitley promises global investors 'fairest, predictable' tax regime Finance Minister Arun Jaitley Monday assured global investors of the "fairest and predictable taxation regime" as he invited them to invest in various sectors, including infrastructure, manufacturing and defence.
Sensex rebounds 246 points on rate cut hopes to end at 2-week high Sensex rebounds 246 points on rate cut hopes to end at 2-week high Buoyed by renewed hopes of a policy rate cut, the BSE Sensex Monday made a spirited comeback, gaining over 246 points to close at 25,856.70 .
Sensex recoups 97 points on positive IIP data Sensex recoups 97 points on positive IIP data The 30-share barometer recovered 96.66 points, or 0.38 per cent, to 25,706.87, with stocks of realty, power, capital goods and PSU sectors leading the recovery.
Rupee gains 14 paise at 66.40 against US dollar Rupee gains 14 paise at 66.40 against US dollar Forex dealers said that besides selling of the American currency, a higher opening in the domestic equity market and weakness of the dollar against other currencies supported the rupee.
Macro data points, global leads to dictate market trend Macro data points, global leads to dictate market trend Besides, the progress of monsoon, movement of the rupee against the dollar, will also be key factors determining the trend on the bourses in the truncated trading week.
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