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Sensex drops 0.7 pct; banks down ahead of GDP data

Sensex, Nifty remain in positive territory
Thanks to sustained buying in several blue chip stocks from across various sectors, the market, which moved up sharply following a bright start, remains well entrenched in positive territory now. Though Asian markets have given up early gains due to some weak economic data from the region and on lingering concerns about the eurozone economy, stocks are mostly holding on to their gains on the Indian

Sensex up 187 points as heavyweights open on buoyant note

Trading got off to a buoyant start on the major Indian bourses this morning with investors tracking a positive lead from Asian markets and indulging in some hectic buying across the board. Bargain

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Sensex ends 67 points down on global weakness

Weak global markets and a sliding rupee rendered the mood bearish once again and pushed the Indian benchmark indices Sensex and Nifty down to a negative close on Wednesday. The market, digesting a

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Signs of price bubble in MNC stocks

Stocks of multinational corporations (MNCs) have returned 35-40 per cent, on an average, in the past year. In the last six months, these stocks have given close to 18 per cent, and 30 per cent in

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Kotak Mahindra net up 6%

Kotak Mahindra Bank has posted a six per cent rise in consolidated net profit for fourth quarter ended March 2012 at Rs 521 crore on lower contribution from treasury. The consolidated net profit for

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Sensex plunges 367 points on heavy selling

The market started off on a weak note this morning with information technology majors taking a hit following U.S. tech major Cognizant Technologies revising downward its full-year earnings forecast.

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