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Sensex drops 260 pts as RBI measures fail to cheer investors

Sensex drops 260 pts as RBI measures fail to cheer investors

by pallanus | May 22, 2020 | Business News

Equity benchmark BSE Sensex tumbled 260 points on Friday, dragged by losses in banking and financial stocks as RBI’s rate cut and other measures to prop up the economy failed to meet market expectations. After falling over 450 points during the day, the 30-share...
Sensex, Nifty hammered as stimulus details fail to excite

Sensex, Nifty hammered as stimulus details fail to excite

by pallanus | May 14, 2020 | Business News

Indian shares tumbled on Thursday after a poorly received initial stimulus from the government to aid coronavirus-hit businesses, while a gloomy outlook from the head of the U.S. Federal Reserve further weakened sentiment. India’s blue-chip NSE Nifty 50 index...
Coronavirus: Record oil output cuts fail to cheer virus-hit market

Coronavirus: Record oil output cuts fail to cheer virus-hit market

by pallanus | Apr 14, 2020 | Business News

The minimal impact on oil prices from a global deal for record output cuts showed that oil producers have a mountain to climb if they are to restore market balance as the coronavirus shreds demand and sends stockpiles soaring, industry watchers said. After several...

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