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BSE Sensex tumbles 240 pts on F&O expiry; NSE Nifty drops 72 pts
Posted on 30th April 2015
The benchmark Bombay Stock Exchange or BSE Sensex tanked over 240 points to slip below the 27,000-level in late morning trade today as participants indulged in offloading positions in view of April series expiry in the derivatives segment.

The 30-share barometer, which had lost 170.45 points in yesterday’s volatile session, dipped below the 27,000-mark by falling 224.34 points or 0.82 per cent to 27001.59.

All the sectoral indices led by metal, IT and healthcare were trading in negative zone with losses up to 1.55 per cent.

Also, the National Stock Exchange (NSE) Nifty dipped below the 8,200-mark by losing 72.30 points or 0.88 per cent to 8167.45.

Brokers said squaring-up of positions by participants as today is the last trading session of April series expiry in the derivatives segment and a weak trend at other Asian bourses following overnight losses at the US markets after growth data fell well short of forecasts, dampened sentiments.

Besides, capital outflows by foreign investors on MAT worries and lower-than-expected Q4 earnings posted by some blue-chip companies too negatively impacted sentiment, they said.

Stocks of Jindal Steel & Power fell by more than 5.50 per cent after company was chargesheeted by the CBI in connection with Amarkonda Murgadangal coal block allocation scam case.

In Asian markets, Hong Kong’s Hang Seng was down by 0.77 per cent, while Japan’s Nikkei fell by 1.90 per cent in early trade today.

The Dow Jones Industrial Average ended 0.41 per cent lower in yesterday’s trade.

Related Companies: Bombay Stock Exchange - BSE   National Stock Exchange of India Ltd (NSE)    

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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019

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.


Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019
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.


LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019
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).


Apollo Hospitals rules out further stake sale
Posted on 13th September 2019
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.

World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019
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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