Tag Archives: decline

Sensex, Nifty Extend Decline To Seventh Day; Reliance Industries Top Loser

Reliance Industries, Kotak Mahindra Bank, HDFC Bank and HDFC were among the biggest drags on the Sensex. The S&P BSE Sensex and NSE Nifty 50 Indexes fell for seventh day in a row to lowest level in two months tracking sharp losses in Asian peers, where equities slumped as investors waited to see whether Chinese and US trade negotiators can ... Read More »

ICICI Securities stock tumbles 6.29% after 34.3% decline in Q3 net profit

The ICICI Securities stock fell in trade today after the investment services arm of ICICI Group reported a 34.3 per cent decline in consolidated profit to Rs 101.1 crore for the third quarter ended December 31. The company’s profit stood at Rs 153.9 crore in the October-December quarter of 2017-18, ICICI Securities said. The midcap stock touched an intra day ... Read More »

Markets Update: Digital Currency Market Bulls Push Back After Decline

Cryptocurrency prices are making some headway today after suffering from a bearish onslaught last week. Since our last markets update the digital asset economy has gained $26 billion over the last five days. The price of bitcoin cash (BCH) touched a high of $1,160 earlier today but now hovers around $1,140 per BCH. Bitcoin core (BTC) values reached $7,790 per ... Read More »

U.S. economy loses 33,000 jobs after hurricanes, first decline in seven years. But unemployment falls to 4.2 percent

Widespread flooding caused by Hurricane Harvey in La Grange, Tex. (Ralph Barrera/Austin American-Statesman/AP) The U.S. economy lost 33,000 jobs in the aftermath of Hurricanes Harvey and Irma last month, the first decline since September 2010. The unemployment rate declined slightly to 4.2 percent, the lowest since February 2001. Analysts had been expecting job growth to slump in September after the one-two punch ... Read More »

A big decline in markets could hit global economy

A shock to market confidence -an end to irrational exuberance -could lead to sharp price falls. There is a “significant possibility” of a major stock market correction in the near future which could drag down global economic growth, according to recent analysis from staff at research house OxfordBSE 4.88 % Economics. Writing on Tuesday, Oxford’s global head of macro research GabrielBSE 2.53 % Sterne argued that a 10 ... Read More »

Oil’s decline creating a listless market, says traders

Oil has exerted its pull over the last week of trading, creating a listless market in the wake of its decline, traders told CNBC on Tuesday. “Every time they go above those production levels they’re going to say that it was for in house, basically, storage,” Steve Grasso, director of institutional sales at Stuart Frankel, said in an interview with ... Read More »

Prada 2016 revenue down 10 percent as Asia, Japan lead global decline

Italian fashion group Prada (1913.HK) reported a 10 percent drop in revenues on Monday as sales fell across all regions, including Japan and its top market Asia Pacific. Consolidated revenues in the financial year through January 2017 fell to 3.18 billion euros (3 billion pounds), down from 3.55 billion euros a year before. At constant exchange rates sales were down ... Read More »