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Sensex hits all-time high; Nifty breaches 11,000-mark
Posted on 12th July 2018
Healthy start to corporate earnings lifted benchmark indices above their recent milestones on Thursday.

The BSE Sensex surged 211.07 points to hit all-time high of 36,477-mark and the NSE Nifty index surged 64.15 points at 11,012.45 in early trade on Thursday.

Out of 30 BSE Sensex stocks, twenty-six Sensex stocks started on higher note on Thursday. The major gainers of the early trade were Reliance, Yes Bank, Kotak Bank, Asian Paints, SBIN and Coal India.

On Wednesday, BSE Sensex opened 59.64 points higher, but soon turned choppy in early trade, as investors cashed profits in metal, healthcare, PSU and auto stocks, amid weak Asian cues after US-China trade spat escalated.

After opening on a positive note, the BSE 30-share barometer dropped by 56.15 points, or 0.15 per cent, to 36,183.47 led by fall in index majors Hero Motorcorp, Vedanta, Coal India and RIL shares.

The gauge had rallied 665.07 points in the previous three sessions on sustained buying by domestic institutional investors (DIIs).

However, a rise in shares of index heavyweight TCS capped Sensex losses, after the IT major posted reported better-than-expected earnings. It was the top gainer in the Sensex pack, rising 2.02 per cent to Rs 1,915.

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

Other Latest News
IOC signs $1.5 bn deal to buy US crude oil
Posted on 19th February 2019
In the first-ever deal by an Indian company, Indian Oil Corp (IOC) Monday said it has signed an annual deal worth USD 1.5 billion to import 3 million tonnes of crude oil in the fiscal year beginning April 1.

This is the first time any Indian refiner has signed an annual contract since the country in 2017 began importing crude oil from the US.


SBI waives outstanding loans for 23 CRPF martyrs
Posted on 19th February 2019
The country’s largest lender State Bank of India has initiated slew of measures, including waving off outstanding loans of 23 CRPF soldiers martyred in a terrorist attack in Pulwama district of Jammu and Kashmir.

Last week, 40 CRPF personnel were killed and five injured in one of the deadliest terror strikes in J&K.


Sensex rebounds over 100 pts; Nifty nears 10,700
Posted on 19th February 2019
The BSE benchmark Sensex recovered over 100 points on Tuesday, led by strong buying by domestic institutional investors amid positive global cues.

The 30-share index was trading 124.21 points, or 0.35%, at 35,622.65. Similarly, the 50-share NSE Nifty rose 38.90 points, or 0.37 per cent, to 10,679.85.


Identity crisis! Data companies fuelling Aadhaar private debate, suspects Trai chief
Posted on 19th February 2019
Internet companies that have built their businesses using public data are likely to have created the privacy threat debate around the country’s unique digital ID Aadhaar, Trai chairman RS Sharma said on Monday.

“My suspicion, I will have to prove that, but based on circumstantial evidence, we think that many of data companies are behind the issue. They want to create their own identity system,” Sharma said at ‘International Colloquium on Ethics and Governance of Autonomous AI Systems’.


ArcelorMittal offers Rs 4,800 crore for Essar’s Mahan power project in MP
Posted on 19th February 2019
ArcelorMittal has offered lenders Rs 4,800 crore for Essar’s 2×600 MW Mahan thermal power project in Madhya Pradesh, surpassing the Essar promoters’ one-time settlement offer of Rs 3,500 crore, a senior PFC official told FE.

Rajeev Sharma, chairman and managing director of PFC, which is one of the consortium lenders to Essar Power’s MP project, told FE, “We are in process of evaluating the offer.


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