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Sensex up 148 points on value buying; nifty regains 7,700-mark
Posted on 7th September 2015
The benchmark BSE Sensex gained over 148 points and the NSE Nifty regained the 7,700-mark in early trade on Monday on value-buying by investors in select blue-chips.

Besides, covering-up of short positions by speculators supported the recovery, brokers said.

The 30-share index was trading higher by 148.11 points, or 0.59%, at 25,350.01, with consumer durables, realty, auto, banking, IT and FMCG sector stocks leading the recovery.

The gauge had lost 562.88 points in the previous session to close at nearly 14-month lows amid lacklustre global cues following caution over US payrolls data.

On similar lines, the NSE Nifty reclaimed the 7,700-mark by recovering 50.00 points, or 0.65%, at 7,705.05 in early trade.

Brokers said value-buying in recently beaten down select blue-chip stocks along with covering-up of short positions by speculators influenced trading sentiments.

Furthermore, a moderate recovery in Chinese shares on the first day of trade after an extended holiday weekend, influenced trading sentiments, they said.

Among Asian markets, Japan's Nikkei rose 0.55%, while Shanghai Composite index up 0.77% in early trade on Monday.

Hong Kong's Hang Seng index was trading 0.13% down.

The US Dow Jones Industrial Average fell 1.66% on Friday.

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

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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
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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
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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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