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Sensex furthers gains for 3rd session on robust global cues
Posted on 11th June 2019
Mumbai: Rising for a third straight session, the BSE benchmark Sensex on Tuesday added another 166 points on the back of strong buying in banking, metal and energy stocks amid positive global cues.

After rallying nearly 300 points during the day, the BSE gauge settled 165.94 points, or 0.42 per cent, higher at 39,950.46. The index hit an intra-day high of 40,066.31 and a low of 40,066.31.

Similarly, the broader NSE Nifty rose 42.90 points, or 0.36 per cent, to settle at 11,965.60. During the day, the index touched a high of 12,000.35 and a low of 11,904.35.

Top gainers in the Sensex pack were Tata Motors, ONGC, Yes Bank, IndusInd Bank and Vedanta -- rising up to 2.71 per cent. On the other hand, Sun Pharma, M&M, L&T, Coal India and HUL fell up to 3 per cent.

Sectorally, metal, oil and gas and banking indices rose as much as 1.33 per cent.

Markets traded on a positive note following favourable global cues in Asian markets as sentiments turned upbeat after the US announced deal with Mexico and investors turned hopeful of further progress on US-China trade talks, said Narendra Solanki, Head Fundamental Research (Investment Services) - AVP Equity Research, Anand Rathi Shares and Stock Brokers.

In Asia, Shanghai Composite Index rallied 2.58 per cent, Hang Seng ended 0.76 per cent higher, Nikkei rose 0.33 per cent and Kospi gained 0.59 per cent. Bourses in Europe were also trading higher in their early deals.

On the currency front, the Indian rupee appreciated 21 paise to 69.44 against the US dollar. Brent crude futures, the global oil benchmark, fell marginally to USD 62.24 per barrel.

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

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18 pc GST on flat owners paying monthly maintenance of over Rs 7,500
Posted on 23rd July 2019
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Sensex drops over 100 points, bank stocks drag
Posted on 23rd July 2019
Domestic equity benchmark BSE Sensex fell below the 38,000 mark, shedding nearly 100 points in early trade, on July 23 amid heavy foreign fund outflow and weak domestic cues.

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Air India plans to bring all 17 grounded aircraft back into operation by October-end, says Ashwani Lohani
Posted on 23rd July 2019
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Paytm ramps up instant loans for MSMEs, self employed; partners with Clix
Posted on 23rd July 2019
Vijay Shekhar Sharma’s Paytm has ramped up its loans operations and has partnered with Clix Finance India Pvt. Ltd. to provide loans to MSMEs and self-employed people, it announced in a statement on Tuesday. Clix, a digital lending NBFC, and Paytm will now offer instant digital loans to both the customers and merchants of Paytm. The company targets “new-to-credit, self-employed, small and micro enterprises and small borrowers,” who are largely underserved and face difficulties to get loans, the digital commerce company said.

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