Bharat Express

Hemant Ghai




Bharat Express News Network


FIIs were net sellers today and sold Rs. 2546 crore in the cash market. On the other hand, DIIS were net buyers at Rs. 2877 crore.

Chennai’s income tax (IT) team carried out searches on Bangalore-based real estate and stock market-listed company Sobha. Offices and other premises are being raided all over India by the IT department for alleged tax evasion. Clearly, this is a raid, not a survey. The premises of top officials and key management persons are also covered …

World markets are reacting positively to the UBS buy-out of Credit Suisse. Dow futures is up around 100 points. Meanwhile, European markets are trading in the green as we write. Even though Dow futures is trading in the green, Indian markets are expected to open negatively fearing volatility. Asian markets are trading lower. SGX Nifty …

After the initial gap up the bulls let the market slip again. However late in the afternoon the bulls consolidated and took control. Nifty closed above 17100 up 114 points. Bank Nifty also closed on a positive note. It was by 465 points and is now trading at 39598. Nifty bank fell sharply during the …

Indian markets are expected to open higher as European and US banking systems are stabilising. SGX Nifty is trading at 84 points higher at 17131 as we write. Europe and US markets bounced back after a volatile session as the European Central bank hiked interest rates by 50bps. European banking stocks had rallied in the …

Credit Suisse is trading 21% higher since yesterday. European indices have also gained and are trading in the green. Nifty on the other hand after an initial fall recovered to close 13 points higher near 17000. Bank Nifty also closed 81 points higher..

The vibes are similar to the 2008 Lehman crisis. The banking saga is far from abating and now spreading to Europe as Swiss Credit Suisse Group AG plummeted to close 24% down.

Both Nifty and Bank Nifty were seen sliding since morning and continued till close. Both the indices have engulfed the previous day prices indicating a very bearish outlook. Nifty and Bank Nifty closed in red for the 5th day in a row..

The Bulls may wriggle out of the bear hug in this round of the bout...

The US is awaiting core inflation and CPI data today evening