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BSE Sensex up 225 points; SBI, Tata Power, HDFC Bank, ICICI Bank top gainers
Posted on 30th June 2014
The benchmark BSE Sensex bounced back by 225 points in early trade on fresh buying in banking, capital goods, consumer durables, power and realty stocks on the back of higher Asian cues.

Asian stocks firmed up ahead of a packed week of economic data that will test investor hopes for a pick-up in the US as well as the global economy.

ONGC rose 1.84 per cent in early trade as its board has approved the proposal for redevelopment of its giant offshore field - Mumbai High (North) - involving a capital investment of Rs 5,706.47 crore on last Friday.

The Sensex resumed higher at 25,179.55 and firmed up further to a high of 25,368.01 before quoting 25,324.75 at 1000 hours, showing a gain of 224.83 points, or 0.90 per cent, from its last weekend's level.

The NSE 50-share Nifty also rose 70.25 points, or 0.94 per cent, to 7,579.05 at 1000 hours.

Other gainers were - SBI (2.07 per cent), Larsen (1.82 per cent), Tata Power (1.73 per cent), HDFC Bank (1.67 per cent), ICICI Bank (1.48 per cent) and HDFC (1.48 per cent).

Foreign portfolio investors (FPIs) bought shares worth a net Rs 182.55 crore on last Friday, as per provisional data from the stock exchanges.

Asian markets were trading higher in their early trade as key benchmark indices in Hong Kong, China, South Korea and Taiwan rose 0.27-0.72 per cent while indices in Japan and Singapore fell 0.17-0.22 per cent.

US stocks ended modestly higher on last Friday, led by technology shares, though downbeat second-quarter and full-year forecasts from DuPont, kept a lid on gains.

Related Companies: Bombay Stock Exchange - BSE   State Bank of India   HDFC Bank   ICICI Bank

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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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