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Sensex drops over 150 points amid weak global cues
Posted on 14th June 2019
Mumbai: Domestic equity benchmark BSE Sensex fell over 150 points in early trade on Friday tracking negative global cues amid rising crude oil prices.

Investors were also on edge ahead of the release of wholesale price inflation data, scheduled to be announced later in the day, traders said.

The 30-share index was trading 172.05 points, or 0.43 per cent, lower at 39,569.31 at 0945 hours. Similarly, the broader NSE Nifty was quoting 50.40 points, or 0.42 per cent, down at 11,863.65.

In the previous session on Thursday, the BSE gauge settled 15.45 points, or 0.04 per cent, lower at 39,741.36. While, the broader NSE Nifty inched up 7.85 points, or 0.07 per cent, to close at 11,914.05.

Top losers in the Sensex pack in early trade included Yes Bank, IndusInd Bank, Bajaj Auto, Kotak Bank, Hero MotoCorp, Sun Pharma, ICICI Bank, M&M, RIL and Tata Motors, shedding up to 2 per cent.

On the other hand, PowerGrid, Vedanta, ONGC, L&T, Bajaj Finance and Coal India rose up to 1.14 per cent.

According to experts, market mood was negative tracking weak cues from global markets amid rising crude oil prices after attacks on two oil tankers in the Gulf of Oman on Thursday, and continued uncertainty over trade talks between the US and China.

The United States has blamed Iran for the attacks as the incident came amid spiralling tensions between Tehran and Washington which has pointed the finger at Iran over earlier tanker attacks in May.

The global oil benchmark Brent crude futures were trading 0.62 per cent higher at 61.69 per barrel.

Elsewhere in Asia, while Shanghai Composite Index, Hang Seng, and Kospi were trading on a negative note in their respective early sessions, Nikkei was quoting higher.

Bourses on Wall Street too ended in the green on Thursday.

Meanwhile, foreign institutional investors bought equity worth Rs 172.35 crore, while domestic institutional investors sold shares to the tune of Rs 444.87 crore, provisional data available with stock exchanges showed on Thursday.

On the currency front, the Indian rupee depreciated 7 paise to 69.57 against the US dollar.

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.

The 30-share index was trading 103.50 points or 0.27% lower at 37,927.63 at 0930 hours; and the broader Nifty also fell 28.50 points or 1.25 per cent to 11,317.70.


Air India plans to bring all 17 grounded aircraft back into operation by October-end, says Ashwani Lohani
Posted on 23rd July 2019
Air India is planning to bring all of its 17 aircraft, which have been grounded for a “prolonged” period, back into operation by October-end, its chief Ashwani Lohani has said.

These 17 aircraft have been grounded for time periods ranging from four months to one year due to lack of funds for their repair and maintenance.


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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