LIVE: BSE Sensex down over 200 pts ahead of April derivatives expiry
Posted on 29th April 2015 |
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| The benchmark BSE Sensex fell over 200 points in late morning trade today as stocks of IT, FMCG, metal, oil & gas and auto companies succumbed to profit-booking by speculators ahead of tomorrow’s monthly expiry in derivatives segment amid a weak trend at other Asian bourses. The 30-share index declined by 212.19 points, or 0.77 per cent, to 27184.19. The gauge had gained 219.39 points in the previous session. In similar fashion, the National Stock Exchange index Nifty edged down by 37.85 points, or 0.46 per cent, to 8247.75. Brokers said apart from offloading of positions in some bluechip stocks in view of April’s derivatives expiry tomorrow and a weak trend at other Asian markets dampened the sentiments. Shares of Bharti Airtel fell 1.02 per cent to Rs 396.70 after company’s Q4 earnings failed to impress investors. Country’s largest telecom company Bharti Airtel yesterday reported a 30.5 per cent jump in its March quarter’s net profit at Rs 1,255 crore. Among other Asian markets, Hong Kong Hang Seng was down by 0.50 per cent, while financial markets in Japan are closed today for a public holiday. The US Dow Jones Industrial Average ended 0.40 per cent higher in yesterday’s trade. |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale
Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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