IndiaCatalog.com
India News
Search Web Directory
News Home
Sensex topples 250 points; Nifty breaches 11,000 mark
Posted on 6th February 2019
Mumbai: BSE benchmark Sensex jumped over 250 points and NSE Nifty breached the 11,000 mark in early trade Wednesday led by gains in IT and metal stocks amid heavy buying by domestic and foreign institutional investors.

The 30-share index was trading 255.89 points, or 0.70 per cent, higher at 36,872.70.

Similarly, the 50-share NSE Nifty reclaimed the 11,000 mark, rallying 81.40 points, or 0.74 per cent, 11,015.75.

On Tuesday, the Sensex ended 34.07 points, or 0.09 per cent, higher at 36,616.81; and the NSE Nifty edged up 22.10 points, or 0.20 per cent, to 10,934.35.

"The Indian market is embracing for the monetary policy to be released on February 7; and majority of the economists now expect status quo against a rate cut sometime back," said Paras Bothra, President, Equity Research, Ashika Group.

The RBI's Monetary Policy Committee (MPC) began its three-day review meet on Tuesday.

"Foreign participation has certainly gained pace after the US Fed's patient view and is expected to support stocks with strong underlying fundamentals," he added.

In morning session on Tuesday, HCL Tech, NTPC, ONGC, RIL, Infosys, ICICI Bank, Asian Paints, Bajaj Finance, ITC and HDFC were the top gainers in the Sensex pack, rising up to 2 per cent.

Meanwhile, Hero Bharti Airtel, IndusInd Bank, Tata Motors, Vedanta and L&T were the losers, shedding up to 1.33 per cent.

On a net basis, foreign portfolio investors (FPIs) bought shares worth a net of Rs 420.65 crore Tuesday, and domestic institutional investors (DIIs) were net buyers to the tune of Rs 194.31 crore, provisional data available with BSE showed.

Elsewhere in Asia, Japan's Nikkei rose 0.41 per cent. Bourses in China and Korea remained closed for the Lunar New Year.

On Wall Street, Dow Jones Industrial Average ended 0.68 per cent higher on Tuesday.

The rupee, meanwhile, appreciated 5 paise against US dollar to 71.52.

The benchmark Brent crude futures slipped 0.10 per cent to USD 61.92 per barrel.

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

Other Latest News
This helicopter company stock zooms 112% in six weeks
Posted on 18th April 2019
Shares of Global Vectra Helicorp surged 9 per cent to Rs 127 in the intra-day trade on Thursday, gaining 53 per cent in the last one week on the BSE, on expectation of strong earnings growth. The stock was trading close to its 52-week high of Rs 131 on April 23, 2018 on the BSE.

In past three weeks, the stock has rallied 112 per cent from level of Rs 60.30 on March 8, 2019, as compared to 7 per cent rise in the S&P BSE Sensex.


Hyundai eyes leadership position in compact SUV segment: MD
Posted on 18th April 2019
Hyundai Motor India is eyeing a leadership position in the compact SUV segment in the country with its upcoming model Venue, a top company official said.

The company will face stiff competition in the sub-4 metre compact SUV segment from the likes of Maruti Suzuki Vitara Brezza, Tata Motors Nexon, Mahindra XUV300 and Honda WR-V.


Mahindra, Ford to co-develop mid-sized SUV for India, emerging markets
Posted on 18th April 2019
Mahindra & Mahindra (M&M) and Ford Motor Company on Thursday said they have signed a definitive agreement to co-develop a mid-sized SUV for India and other emerging markets.

The new agreement reinforces the steady progress made since the announcement of a strategic alliance between the two companies in September 2017, followed by an announcement on powertrain sharing and connected car solutions in October 2018.


JustDial data leak exposed personal details of 100 million users: IT expert
Posted on 18th April 2019
Justdial, a company that provides local search for different services in India over voice calls and internet, suffered a data breach last week that compromised the personal details of 100 million users, according to independent cyber-security researcher Rajshekhar Rajaharia.

Inc42 quoted a senior JustDial executive on Monday as saying that the company is investigating the alleged loopholes in its database and that the company's systems are foolproof.


Now, Mamata Banerjee objects to no non-veg on Air India
Posted on 18th April 2019
Chief Minister Mamata Banerjee launched a new attack front against Prime Minister Narendra Modi on Wednesday and registered a delayed protest against the decision to stop serving non-vegetarian food to economy class passengers of Air India's domestic flights.

Air India does not serve non-vegeterian food in economy class. Only business class passengers are entitled to have chicken. Why will Modi babu decide what others will eat? the firebrand leader lashed out when addressing a public meeting at Kandi in Murshidabad.


» Post a FREE Classified Advertisement
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.
Jobs in India India Real Estate Automobiles Matrimonials Beauty & Fitness

Add a comment for Sensex topples 250 points; Nifty breaches 11,000 mark
Please only use this form to enter comments on the above company. All comments are reviewed before they are displayed on the web site. Not all comments may be displayed. Check back with us to see if your comments have been displayed.
If you want us to email the comments posted by users, please Subscribe by email
Name*
Comments*
Security Code*
 

Be the first person to write a business review for Sensex topples 250 points; Nifty breaches 11,000 mark

Most Read News

Depite being humiliated, DMK has joined hands with Cong: PM Modi in Tamil Nadu

Uber nears deal with Softbank-led group for self-driving car unit: Report

Anil Ambani firm got €143.7 mn tax relief from France after Rafale announcement: Le Monde report

Out of cash and desperate: Low-cost airline Jet Airways may stop flying

JustDial data leak exposed personal details of 100 million users: IT expert

More India News

Photo Gallery

BMW(9 Images) BMW
Brahmotsavam(11 Images)Brahmotsavam
  India Web Directory
Business Profiles
Automotive Directory
IT/ITES/BPO Directory
Hotel Directory
Health Directory
Business Directory
Gems & Jewellery
Education Directory
Real Estate Directory
Agriculture Directory
Logistics Directory
Yellow Pages
NRI Guide
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Order Premium Listings
Submit a Site
Business Reviews
Home
About us
Link to us
Advertise
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory
    © 1999 - 2019 IndiaCatalog.com
    All Rights Reserved
Privacy Statement