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Sensex, Nifty start on a positive note amid firm global cues
Posted on 15th May 2019
Domestic equity benchmarks BSE Sensex and NSE Nifty started on a positive note on Wednesday tracking firm cues from global markets after U.S. President Donald Trump hinted at the possibility of a trade deal with China in the future.

After surging over 200 points in early session, the 30-share index was trading 98.07 points, or 0.26%, higher at 37,416.60. The broader NSE Nifty was also trading 21.65 points, or 0.19%, up at 11,243.70.

In the previous session on Tuesday, the BSE bourse settled at 37,318.53, gaining 227.71 points or 0.61%; and the Nifty ended at 11,222.05, 73.85 points or 0.66% higher.

Top gainers in the Sensex pack include Yes Bank, Tata Motors, Sun Pharma, Coal India, NTPC, Hero MotoCorp, Bajaj Auto, HUL, Bharti Airtel, Asian Paints, ONGC and HDFC, shedding up to 3.04%.

On the other hand, HCL Tech, Tata Steel, M&M, PowerGrid, Vedanta, RIL and TCS were the major gainers, rising up to 1.79%.

According to traders, investors took cues for other Asian bourses which were trading higher after U.S. President Trump hinted at the possibility of a trade deal with China, in a series of tweets.

“When the time is right we will make a deal with China... Respect and friendship with President Xi is unlimited,” he wrote.

“We can make a deal with China tomorrow, before their companies start leaving so as not to lose USA business” he added.

Sustained foreign fund outflow, however, weighed on investor sentiment here, capping the gains on key bourses, traders said.

Foreign institutional investors (FIIs) sold equity worth ₹2,011.85 crore on May 14, while domestic institutional investors (DIIs) purchased shares to the tune of ₹2,242.91 crore, provisional data available with stock exchanges showed.

According to experts, investors are not very aggressive in the market as every rally will be used as an opportunity to book profit. Market is watchful of quarter earnings and election verdict too.

Meanwhile, on the currency front, rupee appreciated 18 paise to 70.26 against the U.S. dollar.

Brent crude futures, the global oil benchmark, were trading 0.31% lower at $71.02 per barrel.

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

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Gold prices slump to Rs 48,900 per 10 gm, Silver rallying at Rs 51,950 a kg
Posted on 11th July 2020
Gold prices on Saturday fell to Rs 48,900 from Rs 49,100 per 10 gram, while silver climbed to Rs 51,950 from Rs 51,900 per kilogram, according to Good Returns website.

Gold jewellery prices vary across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges.

Facebook plans to ban political ads before US Presidential election: Report
Posted on 11th July 2020
Facing intense criticism from all quarters, Facebook is planning to ban political ads on its platform like Twitter does as the US inches closer towards the presidential election in November, the media reported on Saturday.

According to a report in CNN Business citing sources, the potential ban on political ads to reduce the spread of disinformation has been under consideration since last fall.

RIL closes four Jio stake sale deals, receives Rs 30,062 cr from investors
Posted on 11th July 2020
After Facebook Inc, Reliance Industries has closed deals to sell a minority stake in its digital arm to four other investors, receiving a total of over Rs 30,062 crore.

In a regulatory filing, Reliance said it has closed the sale of 6.13 per cent stake in Jio Platforms with L Catterton, The Public Investment Fund, Silver Lake and General Atlantic.

Kolkata: Eden Gardens to be used as COVID-19 quarantine facility for police personnel
Posted on 11th July 2020
Kolkata Police can now use the galleries of Eden Gardens stadium as a makeshift quarantine facility, the Cricket Association of Bengal (CAB) on Friday said.

A meeting at Kolkata Police Headquarter, Lal Bazaar, took place at the Chamber of Special Commissioner Jawed Shamim. It was attended by CAB president Avishek Dalmiya.

India sees 27,114 new coronavirus cases, tally crosses 8 lakh-mark
Posted on 11th July 2020
In another highest single-day spike of coronavirus cases, India on Saturday reported 27,114 new cases in the last 24 hours. As many as 519 deaths were reported during this period.

With this, the country's total count has crossed the eight lakh-mark.

The total number of positive cases in the country stands at 8,20,916, including 2,83,407 active cases, 5,15,386 cured/discharged/migrated and 22,123 deaths, according to the Ministry of Health and Family Welfare.

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