Business Live:

Updates from the world of economy, markets, and finance The seasonally adjusted India Services Business Activity Index rose sharply from 34.2 in July to 41.8 in August, the highest since March, before the escalation of the pandemic.   | Photo Credit: PTI Updates from the world of economy, markets, and …

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Here’s what investors with $3.4 trillion are buying during covid

In interviews with sovereign wealth funds, pension firms and asset managers across Asia and Europe that collectively manage about $3.4 trillion, one thing was clear: many of them are avoiding the overheated stock market. The most common outlook was one of caution. They are mindful that much of the rebound …

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NSE-BSE bulk deals: Goldman Sachs, Kuwait Invt Authority lap up Route Mobile

Mumbai: Route Mobile dominated the bulk deals on Monday as investors such as Goldman Sachs and Kuwait Investment Authority stocked up shares of the company at its debut. The Vanguard Group continued with its buying spree of Indian stocks, and shopped for Tata Motors DVR and Deepak Nitrite. There was …

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Sensex slumps 800 points, ₹4 lakh crore wiped out. Why markets tanked today?

Investors lost more than ₹4 lakh crore today as Indian markets fell sharply. Rising coronavirus cases at home and abroad dented investor sentiment. The broader NSE Nifty 50 index fell about 2.5% to 11,222 while the benchmark S&P BSE Sensex tanked over 800 points to 38,034. Global markets fell as …

Read moreSensex slumps 800 points, ₹4 lakh crore wiped out. Why markets tanked today?

Happiest Minds slumps 10% in two days of stellar debut on exchange

Mumbai: Shares of Happiest Minds Technologies slumped as much as 8% on Monday amid profit booking after a blockbuster listing last week. The shares lost 10.3% in two trading days from its closing high of ₹371 on debut. At 10:10 am, Happiest Minds Technologies was trading at ₹336.40, down 6.15% …

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Markets seen rangebound; Agriculture companies, Future Enterprises in focus

Indian stocks are likely to be rangebound on Monday, while trends in the SGX Nifty suggest a negative opening for the benchmark indices. On Friday, the BSE Sensex ended at 38,845.82, down 134.03 points or 0.34%. The 50-share index Nifty was at 11,504.95, down 11.15 points or 0.10%. Asian shares …

Read moreMarkets seen rangebound; Agriculture companies, Future Enterprises in focus