Business

At 3:14 pm, shares of Yes Bank were trading at Rs 70.05, up 23.3%, after hitting an intra-day high of Rs 78.70. The stock has recovered over 48% in the past five trading sessions and 171% from its all-time low of Rs 29 hit on 1 October.

About 102 million shares of HDFC Life, representing 5.1% of the company’s paid-up equity, traded in multiple blocks on both BSE and the National Stock Exchange (NSE) on Wednesday.

Airtel, Vodafone's shares took a plunge on Wednesday after the Supreme Court upheld the government's tax demands.

The projection is lower than the 6.1 per cent that the Reserve Bank of India (RBI) had forecast in early October.

A decision in this regard was taken at the meeting of the Cabinet Committee on Economic Affairs (CCEA), headed by Prime Minister Narendra Modi.

The recent tax cuts, government's progress in addressing lingering weaknesses in the financial sector and measures to support growth sectors were factors underpinning growth in the near term, IMF said.

Sensex hit an intra-day low of 38,924.85 and a high of 39,426.47. The broader NSE Nifty too tumbled 73.50 points, or 0.63 per cent, to settle at 11,588.35.

Reliance Industries (RIL) on Friday added another feather to its cap by becoming the first Indian firm to hit the Rs 9 lakh crore market valuation mark in intra-day trade.

Sitharaman's remarks assume significance in the backdrop of the international terror financing watchdog FATF putting Pakistan on notice on Friday.

The IMF on Tuesday trimmed India's growth forecast by 90 basic points to 6.1 per cent. This is second downward revision in seven months and in total 120 basis points reduction.

According to reports, e-commerce majors have grossed up over USD 3 billion in gross merchandise value during the festive sales held over the past fortnight, which typically see over half of their annual sales.

Global markets rallied after Britain and the European Union said they have struck an outline Brexit deal after prolonged negotiations.

A Brexit deal has been agreed between UK and EU negotiating teams before a meeting of European leaders in Brussels, post which the benchmark Sensex closed 453 points higher while Tata Motors jumped 9.82 per cent on the BSE to Rs 138.15 a share.

The IRCTC stock touched a high of Rs 698 on BSE, 118% higher than its issue price of Rs 320. At 10:43 am, the IRCTC stock was trading near day’s high at Rs 686 after opening the session at Rs 644.

Foreign investors pulled out a net amount of Rs 4,955.2 crore from the equities and Rs 1,261.9 from the debt segment, taking the total net withdrawal to Rs 6,217.1 crore during October 1-11.

Growth in South Asia is projected to fall to 5.9 percent in 2019, down 1.1 percentage points from April 2019 estimates, casting uncertainty about a rebound in the short term, the World Bank said in its latest report.