Cloudy
25°CSat :AM Showers. High: 32 Low: 22

Markets this week: Sensex gains 3.5%, ICICI surges 19%

Markets this week: Sensex gains 3.5%, ICICI surges 19%

The BSE Sensex rose 3.5 percent for the week ending September 6, as sentiment on Dalal Street was boosted after Raghuram Rajan took charge as the new governor of the Reserve Bank of India.

Rajan kicked off his term with a bang on Wednesday, announcing several measures to support the rupee and unveiling steps to liberalise financial markets and the banking sector. Hopes that the government might announce a one-time hike in diesel prices to cut its steep import bill also helped the stock market.

The rupee rose to its strongest against the dollar in nearly two weeks on Friday, rallying on growing expectations the unit has been badly oversold.

 

Top Stories

pioneer-624x351.png

Pioneer launches AVIC-F60BT premium in-car navigation and entertainment system

July-25-2014
In-car entertainment systems company Pioneer has launched its premium audio-video system, the Pioneer AVIC-F60BT, in India. Pioneer, which has already promised to
INSRANCE_THINKSTOCK-624x416

49% FDI in insurance: What it means for customers

July-25-2014
The Cabinet’s approval to increase the FDI limit in the insurance sector to 49 percent is expected to benefit the companies first
images

Businessman buys Rajesh Khanna’s bungalow ‘Aashirwad’ for Rs 90 crore

July-25-2014
MUMBAI: Bollywood superstar Rajesh Khanna’s Carter Road bungalow, popularly known as ‘Aashirwad’, is being sold to a city industrialist. The landmark sea-facing
Kick-Review-650

‘Kick’ review: Strictly for Salman Khan fans

July-25-2014
When Sajid Nadiadwala decided to step into the director`s shoes, he pulled all stops. He has invested everything he could to make
sanjita-gold-740

Commonwealth Games: Lifters Sukhen, Sanjita win gold as India make rousing start

July-25-2014
Glasgow: Sukhen Dey and K Sanjita Chanu stole the limelight by clinching a gold each in weightlifting, as India launched their campaign
M_Id_477210_FM_Arun_Jaitley

India will not have to wait for bringing back black money: Jaitley

July-25-2014
Finance Minister Arun Jaitley today said that India will not have to wait for long for bringing back the black money. He