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Last Updated Tuesday January 17 2017 06:21 PM IST

Nifty hits 7-month low, Sensex tanks 234 pts after tax talk

Mumbai: The rally in the previous session proved to be a temporary breather as the NSE Nifty Monday slumped to a 7-month low of 7,908 and the Sensex below 26,000, hit by talk of higher taxation after prime minister's remarks. On Saturday, prime minister Narendra Modi had said market participants

Sensex breaks 7-day fall, but logs weekly loss

Breaking a string of losses of the past seven days, the Sensex ended above the 26,000 level by racking up modest gains today, aided by pharma, auto and capital goods, but registered a weekly drop.

Retail inflation hits multi-year low in November

Retail inflation eased to multi-year low of 3.63 percent in November on account of sharp drop in prices of food items, reflecting weak demand as consumers grappled with cash crunch following demonetization.

Indian shares fall, Tata Group firms lead losers

Indian shares fell on Tuesday, dragged down by stocks of Tata Group companies after Cyrus Mistry was ousted as chairman of salt-to-software conglomerate Tata Sons, in a move that caught markets by surprise.

Sensex makes 102-point gain on Europe cues; ONGC leads

Domestic stocks took on more strength on positive cues from Europe as the benchmark Sensex rallied nearly 102 points to hit a three-week high of 28,179 ahead of a crucial meeting between the government and top management of banks on NPAs.

Sensex trips 115 pts as profit-booking persists

The market continued to feel the ripple effect of lingering Brexit worries and a lacklustre Europe as the Sensex slumped 115 points, dragged down by a rush by investors to book profits in recent out-performers.

India's GDP growth to remain strong: World Bank

India's GDP growth will remain strong at 7.6 per cent in 2016 and 7.7 per cent in 2017, the World Bank has said, attributing it to increasingly positive contributions from exports and a recovery of private investment in the medium term.

Sensex jumps 331 points, PMI data fuel rally

Market built on its gains and scaled higher on buying pick-up, buoyed by manufacturing PMI for September that came in above the 50 mark for the ninth straight month signalling expansion.