The Northern Herald

  • Rupee tanks 52 paise as fresh lockdown measures unnerve investors

    Apr 19, 2021

    Mumbai, Apr 19: The rupee plunged by 52 paise to close at 74.87 against the US dollar on Monday as fresh lockdown measures by some states to control spiralling cases of COVID-19 unnerved investors and stoked fears of forex outflows. Losses in the domestic equity markets also weighed on the rupee which was the worst performer among Asian currencies on Monday, analysts said. At the interbank forex market, the local unit opened lower at 74.

  • Sensex crashes over 1,300 pts on spiking COVID-19 cases; Nifty below 14,300

    Apr 19, 2021

    Mumbai, Apr 19: Equity benchmark Sensex crashed over 1,300 points in early trade on Monday, tracking massive across-the-board selloff as mounting COVID-19 cases spooked investor sentiment. The 30-share BSE index was trading 1,318.21 points or 2.70 per cent lower at 47,513.82. Similarly, the broader NSE Nifty tanked 394.90 points or 2.70 per cent to 14,222.95. All Sensex components were in the red.

  • Rupee spurts by 58paise to over 1-week high on easing US yields

    Apr 16, 2021

    Mumbai, Apr 16: The rupee on Friday soared by 58 paise to end a more than one-week high of 74.35 against the US dollar on easing US bond yields and positive domestic equities. A weak dollar overseas and foreign fund inflows also supported the rupee. At the interbank forex market, the local unit opened at 74.76 against the greenback and witnessed an intra-day high of 74.28 and a low of 74.76. It finally ended at 74.

  • Gold falls Rs 57, silver declines Rs 270

    Apr 12, 2021

    New Delhi, Apr 12: Gold prices fell Rs 57 to Rs 46,070 per 10 gram in the national capital on Monday following weak global cues, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,127 per 10 gram. Silver also declined Rs 270 to Rs 66,043 per kg, from Rs 66,313 per kg in the previous trade. In the international market, gold was quoting lower at USD 1,738 per ounce and silver was flat at USD 25.

  • Sensex nosedives 1,708 pts amid massive selloff; Nifty plunges below 14,350

    Apr 12, 2021

    Mumbai, Apr 12: Equity benchmark Sensex plummeted 1,708 points on Monday following an across-the-board selloff as spiking COVID-19 cases in the country spooked investors. The 30-share BSE index sank 1,707.94 points or 3.44 per cent to end at 47,883.38. Similarly, the broader NSE Nifty plunged 524.05 points or 3.53 per cent to finish at 14,310.80.

  • Rupee slips below 75/USD level, logs 6th straight session of loss

    Apr 12, 2021

    Mumbai, Apr 12: The rupee fell for the sixth straight session and settled 32 paise down at 75.05 (provisional) against the US dollar on Monday amid a lacklustre trend in the domestic equities ahead of the release of key macro-economic data. Moreover, rising crude oil prices, foreign fund outflows and spiking COVID-19 cases weighed on the domestic currency. At the interbank forex market, the local unit opened at 74.

  • Sensex tumbles 871 pts; Nifty tanks below 14,650

    Apr 05, 2021

    Mumbai, Apr 5: Equity benchmark Sensex tanked 871 points on Monday, dragged by a selloff in financial stocks as spiking COVID-19 cases spooked investors and fanned concerns over economic recovery. After plunging over 1,400 points earlier in the day, the 30-share BSE index pared some losses to finish at 49,159.32, down 870.51 points or 1.74 per cent. Similarly, the broader NSE Nifty sank 229.55 points or 1.54 per cent to 14,637.80.

  • Rupee falls by 18 paise to close at 73.30 against US dollar

    Apr 05, 2021

    Mumbai, Apr 5: The rupee declined by 18 paise to close at 73.30 (provisional) against the US currency on Monday on strong American currency and risk aversion in the domestic market amid concerns over rising COVID-19 cases. Besides, losses in domestic equity markets weighed on investors' sentiment. At the interbank forex market, the local unit opened at 73.38 against the greenback and traded in the range of 73.28 to 73.45 during the day.

  • Manufacturing activities in India eases in Mar; challenging times ahead: Survey

    Apr 05, 2021

    New Delhi, Apr 5: India's manufacturing sector activities lost further growth momentum and fell to a seven-month low in March as demand was constrained by the escalation of the COVID-19 pandemic, a monthly survey said on Monday. The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) fell from 57.5 in February to a seven-month low of 55.4 in March.

  • Sensex rebounds 568 pts as bulls make a comeback; posts weekly loss

    Mar 26, 2021

    Mumbai, Mar 26: Equity indices ratcheted higher on Friday after two sessions of heavy losses as investors snapped up recently-battered banking and finance stocks in lockstep with a rebound in global markets. A recovering rupee also bolstered market sentiment, traders said. The 30-share BSE Sensex surged 568.38 points or 1.17 per cent to finish at 49,008.50. Similarly, the broader NSE Nifty cimbed 182.40 points or 1.27 per cent to 14,507.

  • Rupee snaps 3-day losing streak, settles 11 paise higher at 72.51 against USD

    Mar 26, 2021

    Mumbai, Mar 26: The rupee snapped its three-day losing streak and closed 11 paise higher at 72.51 against the US dollar on Friday, supported by positive domestic equities and weakening of the American currency in the overseas market. At the interbank forex market, the local unit opened at 72.51 against the greenback and witnessed an intra-day high of 72.37 and a low of 72.53. It finally ended at 72.

  • Economic revival to continue 'unabated', rising Covid cases a concern, but lockdowns unlikely: RBI Guv

    Mar 25, 2021

    Mumbai, Mar 25: The rising COVID-19 infections across the country are a matter of concern, but it may not impact the ongoing economic revival as one does not foresee lockdowns, Reserve Bank Governor Shaktikanta Das said on Thursday. The economic revival will continue "unabated", Das said, asserting that there is no need for a downward revision of RBI's 10.5 per cent GDP growth forecast for FY22.

  • Rupee widens loss by 7 paise to 72.62 against USD

    Mar 25, 2021

    Mumbai, Mar 25: The Indian rupee furthered its loss by another 7 paise to 72.62 against the US dollar in early trade on Thursday amid growing concerns over surging coronavirus cases in India and some other parts of the world. At the interbank forex market, the rupee opened significantly lower at 72.68 a dollar but recouped some of its losses as the morning trade progressed.

  • Banks' NPAs declined to Rs 5.70 lakh cr at December end: Thakur

    Mar 23, 2021

    New Delhi, Mar 23: Non-performing assets of banks declined to Rs 5.70 lakh crore in December 2020 and the recovered amount stood at Rs 2.74 lakh crore following a slew of measures taken by the government, Union Minister Anurag Singh Thakur told Rajya Sabha on Tuesday. During Question Hour, the Minister of State for Finance also said the Insolvency and Bankruptcy Code (IBC) has helped in the recovery of NPA (Non-Performing Assets).

  • Gold declines Rs 302; silver tanks Rs 1,533

    Mar 22, 2021

    New Delhi, Mar 22: Gold in the national capital tumbled by Rs 302 to Rs 44,269 per 10 grams on Monday, reflecting overnight decline in global gold prices and rupee appreciation, according to HDFC Securities. In the previous trade, it had closed at Rs 44,571 per 10 grams. Silver also tanked Rs 1,533 to Rs 65,319 per kg, from Rs 66,852 in the previous trade.

  • Rupee gains 15 paise to end at 72.37 against US dollar

    Mar 22, 2021

    Mumbai, Mar 22: The rupee appreciated 15 paise to close at 72.37 against the US dollar on Monday, driven by foreign fund inflows and easing crude oil prices. However, subdued sentiment in the domestic equity markets and a moderately strong dollar overseas weighed on the rupee, forex dealers said. At the interbank forex market, the local unit opened at 72.47 against the greenback and gained further to touch an intra-day high of 72.34.

  • Sensex ends 87 pts lower; financial stocks drag

    Mar 22, 2021

    Mumbai, Mar 22: Equity benchmark Sensex declined 87 points on Monday, tracking losses in index majors HDFC Bank, ICICI Bank and Reliance Industries amid a weak trend in global markets. The 30-share BSE index ended 86.95 points or 0.17 per cent lower at 49,771.29. The broader NSE Nifty dipped 7.60 points or 0.05 per cent to 14,736.40.

  • Rupee settles almost flat at 72.52 against US dollar

    Mar 19, 2021

    Mumbai, Mar 19: The rupee ended on a flat note against the US dollar on Friday amid a firm trend in domestic equity markets and a stronger dollar in overseas markets. At the interbank forex market, the local unit opened lower at 72.57 against the greenback and witnessed an intra-day high of 72.46 and a low of 72.58. It finally closed at 72.52 against the American currency, registering a rise of just 1 paisa over its previous close.

  • Market stages sharp recovery; Sensex rebounds 642 pts

    Mar 19, 2021

    Mumbai, Mar 19: Snapping its five-session losing streak, equity benchmark Sensex rebounded 642 points on Friday, led by gains in index majors RIL, HUL and ICICI Bank despite negative cues from global markets. After opening with significant losses, the 30-share BSE index made a U-turn to end 641.72 points or 1.30 per cent higher at 49,858.24. The broader NSE Nifty surged 186.15 points or 1.28 per cent to finish at 14,744.

  • Rupee falls 3 paise against US dollar in early trade

    Mar 19, 2021

    Mumbai, Mar 19: The rupee depreciated by 3 paise to 72.56 against the US dollar in opening trade on Friday, as muted opening in domestic equities weighed on investor sentiment. However, consistent foreign fund inflows and a weak dollar overseas supported the rupee, a forex dealer said. At the interbank forex market, the local unit opened lower at 72.57 against the US dollar, then recovered some ground to quote at 72.

  • Sensex tumbles 585 pts; Nifty drops below 14,600

    Mar 18, 2021

    Mumbai, Mar 18: Extending its losing streak to the fifth consecutive session, equity benchmark Sensex tanked 585 points on Thursday, tracking losses in index majors Infosys, RIL and TCS. After rallying nearly 500 points earlier in the day, the 30-share BSE index gave up all gains to end 585.10 points or 1.17 per cent lower at 49,216.52. The broader NSE Nifty slumped 163.45 points or 1.11 per cent at 14,557.85.

  • Rupee up by 2 paise at 72.53 against US dollar

    Mar 18, 2021

    Mumbai, Mar 18: The rupee erased some of its initial gains to end 2 paise higher at 72.53 against the US dollar on Thursday, tracking subdued equity market sentiment and a stronger dollar overseas. Persistent foreign fund inflows and lower crude prices supported the domestic unit, forex traders said. At the interbank forex market, the local unit opened strong at 72.

  • Rupee pares early gains, settles 9 paise lower at 72.55 against US dollar

    Mar 16, 2021

    Mumbai, Mar 16: The rupee pared its initial gains and depreciated 9 paise to settle at 72.55 (provisional) against the US dollar on Tuesday as muted domestic equities and strengthening of the greenback overseas weighed on investor sentiment. At the interbank forex market, the local unit opened at 72.46 against the American currency and witnessed an intra-day high of 72.37 and a low of 72.64. It finally ended at 72.

  • Nationwide bank strike continues to impact PSB services on Day 2

    Mar 16, 2021

    MUMBAI, March 16: With the COVID-19 vaccination drive for senior citizens and those aged over 45 years with comorbidities intensifying nationwide, Saifee Hospital, a multi-specialty healthcare facility in Mumbai, is expected to vaccinate maximum people by March. As a COVID-19 centre, Saifee is among the 13 private hospitals selected to lead the vaccination drive in the city from March 4th, 2021.

  • Gold rises by Rs 61; silver gains Rs 162

    Mar 15, 2021

    New Delhi, Mar 15: Gold in the national capital rose by Rs 61 to Rs 44,364 per 10 grams on Monday, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 44,303 per 10 grams. Silver also gained Rs 162 to Rs 66,338 per kilogram from Rs 66,176 in the previous trade.

  • Rupee surges 33 paise to close at 72.46 against US dollar

    Mar 15, 2021

    Mumbai, Mar 15: The rupee extended its early gains to close the day 33 paise higher at 72.46 (provisional) against the US dollar amid a lacklustre trend in the domestic equity market. At the interbank forex market, the local unit opened at 72.71 against the greenback, and witnessed an intra-day high of 72.40 and a low of 72.75. It finally ended at 72.46 against the American currency, registering a rise of 33 paise over its previous close.

  • Sensex tanks 397 pts; Nifty slips below 15K

    Mar 15, 2021

    Mumbai, Mar 15: Equity benchmark Sensex tumbled 397 points on Monday, tracking losses in index heavyweights Reliance Industries, HDFC twins and ICICI Bank amid weak macroeconomic cues. After gyrating 1,035.71 points during the day, the 30-share BSE index ended 397 points or 0.78 per cent lower at 50,395.08. The broader NSE Nifty finished 101.45 points or 0.67 per cent down at 14,929.50.

  • Sensex tanks 487 pts; Nifty slips below 15,100

    Mar 12, 2021

    Mumbai, Mar 12: Snapping its three-session rising streak, equity benchmark Sensex tumbled 487 points on Friday, tracking losses in financial and auto stocks. After gyrating 1,283 points during the day, the 30-share BSE index ended 487.43 points or 0.95 per cent lower at 50,792.08. The broader NSE Nifty tanked 143.85 points or 0.95 per cent to end at 15,030.95.

  • Rupee climbs for 3rd day, up 12 paise against USD

    Mar 12, 2021

    Mumbai, Mar 12: Extending its gaining streak for the third day in a row, the Indian rupee advanced by another 12 paise to close at 72.79 against the US dollar on Friday amid some easing of crude oil prices. At the interbank foreign exchange, the Indian unit opened at 72.66 but surrendered some gains as the trade progressed and closed the session at 72.79 -- showing a rise of 12 paise to the dollar.

  • Rupee surges 32 paise to close at 72.93 against US dollar

    Mar 09, 2021

    Mumbai, Mar 9: The rupee strengthened by 32 paise to end at 72.93 (provisional) against the US dollar on Tuesday, supported by positive domestic equities and weakening of the American currency in the overseas market. At the interbank forex market, the local unit opened at 73.16 against the greenback and witnessed an intra-day high of 72.91 and a low of 73.25. It finally ended at 72.

  • Gold gains marginally; silver jumps Rs 553

    Mar 09, 2021

    New Delhi, Mar 9: Gold in the national capital on Tuesday gained marginally by Rs 35 to Rs 43,996 per 10 gram amid gain in global precious metal prices, according to HDFC Securities. The precious metal had in the previous trade closed at Rs 43,961 per 10 gram. Silver also jumped Rs 553 to Rs 65,621 per kilogram from Rs 65,068 per kilogram in the previous trade.

  • Sensex rallies 584 pts, private banks shine

    Mar 09, 2021

    Mumbai, Mar 9: Equity benchmark Sensex rallied 584 points on Tuesday tracking gains in HDFC twins, ICICI Bank and Kotak Bank amid positive cues from global markets. The 30-share BSE index ended 584.41 points or 1.16 per cent higher at 51,025.48, and the broader NSE Nifty surged 142.20 points or 0.95 per cent to 15,098.40.

  • Rupee surges 18 paise to 73.07 against US dollar in early trade

    Mar 09, 2021

    Mumbai, Mar 9: The rupee appreciated by 18 paise to 73.07 against the US dollar in opening trade on Tuesday supported by positive domestic equities. At the interbank forex market, the local unit opened at 73.16 against the US dollar, then inched higher to 73.07 against the greenback, registering a rise of 18 paise over its previous close. On Monday, the rupee had settled at 73.25 against the American currency.

  • Sensex, Nifty eke out gains; energy, IT stocks save the day

    Mar 08, 2021

    Mumbai, Mar 8: Benchmark indices Sensex and Nifty eke out gains on Monday after two sessions of decline as investors snapped up energy, IT and pharma shares. After fighting multiple bouts of volatility during the session, the BSE gauge Sensex settled 35.75 points or 0.07 per cent higher at 50,441.07. Intraday, the index rose as much as 667 points, but pared most of its gains tracking weakness in global markets.

  • Rupee slumps by 23 paise to 73.25 against US dollar

    Mar 08, 2021

    Mumbai, Mar 8: The rupee on Monday closed down by 23 paise at 73.25 (provisional) against the US dollar as rising crude oil prices and strengthening of the American currency in the overseas market weighed on investor sentiment. At the interbank forex market, the local unit opened at 73.13 against the greenback and witnessed an intra-day high of 73.29 and a low of 72.93. It finally ended at 73.

  • Oil prices surge after attack on Saudi oil site

    Mar 08, 2021

    Bangkok, Mar 8: Oil prices pressed higher Monday after strikes on major oil facilities in Saudi Arabia, the world's largest oil exporter, shook energy markets already rattled by a decision by oil producers last week to not lift output. Brent crude, the international standard, surpassed 70 per barrel for the first time in over a year, gaining 1.14 to 70.47 a barrel. It surged 2.62 on Friday. Benchmark U.S. crude oil added 1.10 to 67.

  • Gold tumbles Rs 522, silver crashes Rs 1,822

    Mar 05, 2021

    New Delhi, Mar 5: Gold prices on Friday tumbled by Rs 522 to Rs 43,887 per 10 grams in the national capital, due to muted trend in the international markets, according to HDFC Securities. The precious metal had closed at Rs 44,409 per 10 grams in the previous trade. Silver crashed by Rs 1,822 to Rs 64,805 per kilogram as compared with the close of Rs 66,627 per kg on Thursday.

  • Rupee falls by 19 paise to close at 73.02 against US dollar

    Mar 05, 2021

    Mumbai, Mar 5: The BSE gauge Sensex tumbled over 440 points and the NSE Nifty cracked below the psychological 15,000-level on Friday in line with relentless sell-offs in global equities as US bond market turmoil continued to rattle investors. At the closing bell, the Sensex was quoted at 50,405.32, showing a decline of 440.76 points or 0.87 per cent over the previous close. Intra-day, the index swung around 726 points.

  • Sensex slumps over 440 pts, Nifty slips below 15,000-level

    Mar 05, 2021

    Mumbai, Mar 5: The BSE gauge Sensex tumbled over 440 points and the NSE Nifty cracked below the psychological 15,000-level on Friday in line with relentless sell-offs in global equities as US bond market turmoil continued to rattle investors. At the closing bell, the Sensex was quoted at 50,405.32, showing a decline of 440.76 points or 0.87 per cent over the previous close. Intra-day, the index swung around 726 points.

  • Rupee slumps 16 paise to 72.99 against US dollar in early trade

    Mar 05, 2021

    Mumbai, Mar 5: The Indian rupee slumped 16 paise to 72.99 against the US dollar in opening trade on Friday, as a rebound in the US dollar and muted opening in domestic equities weighed on investor sentiment. At the interbank forex market, the domestic unit opened at 72.98 against the US dollar, then fell further to 72.99 against the American currency, registering a fall of 16 paise over its previous close.

  • PNB Housing Finance, Yes Bank sign strategic co-lending pact for retail home loans

    Mar 05, 2021

    New Delhi, Mar 5: PNB Housing Finance on Friday said it has tied up with Yes Bank for a strategic co-lending service that will facilitate retail home loans at competitive rates. PNB Housing and Yes Bank will synergise capabilities to provide an efficient and seamless experience to existing and new retail home loan customers, PNB Housing Finance said in a regulatory filing.

  • Rupee slumps 27 paise to 72.99 against US dollar in early trade

    Mar 04, 2021

    Mumbai, Mar 4: The Indian rupee slumped 27 paise to 72.99 against the US dollar in opening trade on Thursday, weighed down by a rebound in the US dollar and lacklustre opening in domestic equities. At the interbank forex market, the domestic unit opened at 72.99 against the US dollar, registering a fall of 27 paise over its previous close. On Wednesday, the rupee had settled at 72.72 against the American currency.

  • Rupee logs best single-day gain in 6 months on forex inflows, stocks rally

    Mar 03, 2021

    Mumbai, Mar 3: The rupee on Wednesday surged by 65 paise -- its biggest single day spike since September 2020 -- to end at 72.72 against the US dollar on the back of weakness in the American dollar and rise in risk appetite in the global markets. A rally in domestic equities, foreign fund inflows and positive macro data also boosted the rupee sentiment.

  • Sensex zooms 1,148 pts, Nifty tops 15,200; financials steal the show

    Mar 03, 2021

    Mumbai, Mar 3: Continuing their winning run for the third session in a row, the BSE Sensex surged nearly 1,148 points to breach the 51,000-level and the NSE Nifty recaptured the 15,200-mark on Wednesday, propped up by intense buying in financial and energy stocks. At the closing bell, the 30-share Sensex was up 1,147.76 points or 2.28 per cent at 51,444.65 - the biggest single-day rise since February 2.

  • Rupee zooms 65 paise to close at 72.72 against US dollar

    Mar 03, 2021

    Mumbai, Mar 3: The rupee strengthened by 65 paise to end at 72.72 (provisional) against the US dollar on Wednesday on the back of weakness in the American dollar and rise in risk appetite in the global markets. At the interbank forex market, the local unit opened at 73.26 against the greenback and witnessed an intra-day high of 72.71 and a low of 73.26. It finally settled at 72.

  • Rupee gains 22 paise to 73.15 against US dollar in early trade

    Mar 03, 2021

    Mumbai, Mar 3: The rupee appreciated by 22 paise to 73.15 against the US dollar in opening trade on Wednesday, supported by positive domestic equities and sustained foreign fund inflows. At the interbank forex market, the local unit opened at 73.26 against the US dollar, then inched higher to 73.15 against the greenback, registering a rise of 22 paise over its previous close. On Tuesday, the rupee had settled at 73.

  • Sensex spurts 447 pts to reclaim 50,000-level; auto, IT stocks shine

    Mar 02, 2021

    Mumbai, Mar 2: The BSE Sensex zoomed 447 points to settle above the psychological 50,000-mark on Tuesday, buoyed by hectic buying in auto, banking and IT counters amid positive domestic and global cues. The 30-share index swung nearly 633 points during the session, before ending at 50,296.89, showing a rise of 447.05 points or 0.90 per cent. Likewise, the NSE Nifty climbed 157.55 points or 1.07 per cent to settle at 14,919.10.

  • Gold tumbles Rs 679, silver crashes Rs 1,847

    Mar 02, 2021

    New Delhi, Mar 2: Gold prices on Tuesday tumbled Rs 679 to Rs 44,760 per 10 grams in the national capital, due to bleak international market trend and rupee appreciation, according to HDFC Securities. The precious metal had closed at Rs 45,439 per 10 grams in the previous close. Silver also crashed by Rs 1,847 to Rs 67,073 per kg from the closing of Rs 68,920 per kg in the previous day trade.

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