For Quick Alerts
For Daily Alerts

    News Round-Up Of Business News In India For Week Ended June 6


    Here is a look of the major business development for the Week ended June 6, 2015 in India.

    News Round-Up Of Business News In India For Week Ended June 6
    RBI Cuts repo rates by 0.25 basis points

    India's Reserve Bank of India cut interest rates by 25 basis points in its policy meet of June 2, 2015. This was largely on expected lines though the tone of the RBI sounded a lot more hawkish.

    Sensex ends week with a huge 4 per cent

    The Sensex ended the week with a huge cut of 4 per cent for the week as banking stocks saw huge selling pressure. ICICI Bank was the top loser in trade this week from the Nifty stocks.

    Rupee breaches 64 levels

    The rupee breached the 64 levels as sentiments turned bearish for the currency. It later recovered to close the week at 63.75 to the dollar.

    Nestle India embroiled in Maggie controversy

    Nestle India fell a huge 15 per cent in this week after the company's Maggi brand of noodles was banned by select states in India for high led content. There was some buying support on Tuesday, though analysts believe that there may be more downside risk to the shares.

    Monsoon Hits Kerala

    Monsoon has finally with rains hitting the Kerala coast on Friday. When the news of strong rains were announced stock markets saw some cheer, but fell later on Friday on weak global cues. 

    Read more about: news
    Story first published: Saturday, June 6, 2015, 9:03 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more