Budget 2020

Tech stocks nudge European shares higher, virus woes limit gains

European shares inched higher in early trade on Thursday, but gains were limited as an extension of coronavirus restrictions in Germany and grim economic growth forecasts for the United Kingdom dented sentiment. The pan-European STOXX 600 rose 0.1%, with tech and healthcare sectors leading gains. The benchmark index ended a four-day winning streak in the […]

Budget 2020

Vaccine hopes drive European stocks higher

European shares jumped on Monday as encouraging developments around a coronavirus vaccine spurred bets of a faster economic revival globally, even as a surge in infection rates clouded near-term outlook. AstraZeneca said its COVID-19 vaccine, developed along with the University of Oxford, could be around 90% effective under one dosing regimen. However, its shares dropped […]

Budget 2020

China stocks end higher on materials, machinery boost; post weekly gain

Chinese shares closed higher on Friday, led by materials and machinery stocks, and posted a weekly gain as investors looked past recent bond market defaults and focused on broader economic recovery. At the close, the Shanghai Composite index was up 0.44% at 3,377.73. The blue-chip CSI300 index was up 0.31%, with its material sector sub-index […]

Budget 2020

Sensex ends 113 points higher; HCL Tech spurts 4%

BSE Sensex settles 112.77 points higher at 40,544.37; NSE Nifty rises 23.75 points to 11,896.80 Equity benchmarks Sensex and Nifty notched up gains for the third straight session on October 20, led by IT stocks and HDFC Bank amid a rebound in the global markets. The 30-share BSE Sensex settled 112.77 points or 0.28% higher […]

Budget 2020

European shares edge higher as earnings counter lockdown worries

European stocks inched higher on Tuesday as strong earnings from Swiss bank UBS, consumer giant Reckitt Benckiser and others offset concerns from tighter coronavirus curbs across the continent and doubts over fresh U.S. stimulus. The pan-European STOXX 600 rose 0.2%, reversing from losses at the open. Ireland announced some of Europe’s toughest COVID-19 constraints on […]

Budget 2020

WNS reports higher Q2 profit on lower costs

WNS (Holdings) Ltd. has reported a slightly higher profit in the fiscal second quarter at $29.2 million compared with $28.7 million in Q2 of last year. “Year-over-year, profit improvement was the result of lower share-based compensation expense, a one-time reversal of our corporate leave provision, reductions in travel, facility-related and discretionary expenditure and favourable currency […]

Budget 2020

Sensex, Nifty end marginally higher after choppy trade; IT stocks shine

HCL Tech was the top gainer in the Sensex pack. Equity benchmarks Sensex and Nifty ended marginally higher after choppy trade on Tuesday amid mixed cues from the global markets. Rising for the ninth session in a row, the 30-share BSE Sensex ended 31.71 points or 0.08% higher at 40,625.51. The broader NSE Nifty inched […]

Budget 2020

Post office schemes’ interest rates higher than bank FDs but look at these options too

Interest rates on small savings schemes have been kept unchanged for yet another quarter (that is for the quarter ending December 30, 2020). With this, the difference in interest rates between small savings schemes and bank fixed deposits has increased, i.e., the interest rate differential between the two has widened. The interest rate differential is […]