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BSE Sensex gives up early gains, up 32 pts in choppy trade
Posted on 15th May 2015
In a volatile trade, the benchmark BSE Sensex today recovered part of its overnight losses and was trading higher by 32 points at 27,238.01 in late morning deals following a slowdown in selling by foreign funds amid short-covering.

The BSE 30-share barometer resumed better and immediately touched a high of 27,379.57, up 173.48 points, or 0.64 per cent.

However, it met with strong resistance and fell to a low of 27,159.76, before recovering 31.95 points, or 0.12 pct, to quote at 27,238.01 at 1045 hours.

Yesterday, it ended lower by 45.04 points, or 0.17 per cent.

Similarly, the broader 50-issue CNX Nifty gyrated in a range of 8,279.20 and 8,212.20 before trading at 8,241.90 at 1045 hours, a rise of 17.70 points, or 0.22 per cent.

On the global front, Asian markets were trading mixed with a downward bias despite a strong closing on the Wall Street yesterday as investors lapped up further weakness in the dollar and calmer bond markets. Key indices from Hong Kong and Japan were up while those from China, Singapore, South Korea and Taiwan were trading lower.

The Dow Jones Industrial Average rose 1.06 per cent and the tech-heavy Nasdaq Composite Index was up 1.39 per cent yesterday. The S&P 500 index logged its new closing peak.

Back home, shares from consumer durables, auto, FMCG, power, banking, IT and tech attracted good buying support while shares from metal segment suffered a setback on profit-booking.

Meanwhile, foreign portfolio investors (FPIs) sold shares worth Rs 73.75 crore yesterday, according to provisional data.

Mid-cap and small-cap shares continued to catch retail investors’ attention as their indices outperformed the Sensex.

Related Companies: Bombay Stock Exchange - BSE   

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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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