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BSE Sensex edges lower; sharp fall in Reliance Industries, ONGC stocks
Posted on 26th June 2014
Sharp fall in stocks of Reliance Industries (RIL) and Oil & Natural Gas Corp (ONGC) pulled down the benchmark BSE Sensex further by 131 points in morning trade today.

The market will remain volatile today in view of the last day of futures & options (F&O) segment for June contract.

Reliance Industries (RIL) and ONGC stocks declined as the Cabinet Committee on Economic Affairs (CCEA) yesterday deferred revision in natural gas prices by three months, pending a comprehensive review.

The Sensex resumed lower at 25,217.69 and hovered in a range of 25,309.33 and 25,133.11 before quoting at 25,182.53 at 1000 hours, showing a loss of 131.21 points, or 0.52 per cent, from its last close.

The CNX Nifty also declined by 45 points, or 0.59 per cent, to 7,524.25 at 1000 hours.

Major losers were ONGC (5.01 per cent), Reliance Ind (2.89 per cent), Gail India (1.56 per cent), HUL (1.11 per cent) and Maruti Suzuki (1.04 per cent).

Meanwhile, foreign portfolio investors (FPIs) bought shares worth Rs 694.63 crore yesterday, as per provisional data from the stock exchanges.

Other Asian stocks rose in early trade amid optimism that the US economy is emerging from a worse-than-estimated contraction last quarter.

Key benchmark indices in Japan, China, Singapore, Hong Kong, South Korea and Taiwan rose by 0.3-0.78 per cent.

Related Companies:    Reliance Industries Limited (RIL)   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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