Sensex surges 300 points; Nifty above crucial 8000-mark as US hold rates
Posted on 18th September 2015 |
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| The benchmark Sensex surges 338.68 points to 26,305.84 points in the early morning trade on Thursday. Nifty breaches the crucial 8,000-mark, up 105.2 points to 8,004.35 points. The rise came on the back of increased selling of dollar by exporters and banks, which resulted after Federal Federal Reserve decided against increasing interest rates. The decision was made on taking into account the current volatile global market, which is heavily weighed by the China's slowdown. The S&P BSE Bankex was up around 480 points at 19909.55 points. At 0955 hours, BSE MidCap is up 128 points at 10681.22 points, while as S&P BSE SmallCap is at 10804.88 points, up 119.28 points. Axis Bank, Bank Baroda, ICICI Bank , SBIN and HDFC Bank are top gainers at the 50-share barometer, while as Tata Motors, Cairn, Gail, Bajaj-Auto and Hindunilvr are in the red. The rupee strengthened by 32 paise to 66.14 against the US dollar in early trade on Friday at the Interbank Foreign Exchange. |
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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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