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Sensex, Nifty start on a cautious note
Posted on 17th July 2019
Mumbai: Domestic equity benchmarks BSE Sensex and NSE Nifty opened on a choppy note on Wednesday amid weak global cues and continued foreign fund outflow.

The 30-share index was trading 4.40 points, or 0.01 per cent, lower at 39,126.64 at 0930 hours, while the broader Nifty inched 2.20 points, or 0.02 per cent, higher to 11,664.80.

Top gainers in the Sensex pack included Kotak Bank, TechM, Asian Paints, HCL Tech, Bajaj Finance and Yes Bank, rising up to 1.32 per cent. On the other hand, Tata Motors, Tata Steel, Hero MotoCorp, Maruti, Sun Pharma, TCS and Infosys fell up to 1.27 per cent.

In the previous session, the 30-share gauge closed at 39,131.04 points, showing a rise of 234.33 points or 0.60 per cent; while the Nifty ended 74.25 points or 0.64 per cent up at 11,662.60.

On a net basis, foreign institutional investors sold equities worth Rs 444.99 crore, while domestic institutional investors purchased shares to the tune of Rs 637.71 crore, provisional data available with stock exchanges showed on Tuesday.

According to traders, investors are cautious ahead of key earnings, amid weak cues from other global markets and unabated foreign fund outflow.

Mindtree, Wipro, Yes Bank, Tata Elxsi and Dhanlakshmi Bank are among a few companies which will report June quarter results later in the day.

Elsewhere in Asia, Shanghai Composite Index, Hang Seng, Nikkei and Kospi were trading in the red in their respective early sessions.

Meanwhile, the Indian rupee depreciated 7 paise (intra-day) to 68.79 against the US dollar.

The global oil benchmark Brent crude futures were trading 0.26 per cent higher at 64.52 per barrel.

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

Other Latest News
Former Union minister Arun Jaitley passes away at 66
Posted on 24th August 2019
New Delhi: Former Union Minister and senior BJP leader Arun Jaitley passed away at the All India Institute of Medical Sciences (AIIMS) at 12:07 pm on Saturday after battling months of ill health.

"It is with profound grief that we inform about the sad demise of Shri Arun Jaitley. Honourable Member of Parliament and former finance minister, government of India at 12:07 pm on 24 August, 2019," the AIIMS statement read.


ISRO tech to detect illegal sand mining, augment water in forests: Govt
Posted on 24th August 2019
Plans are afoot to detect illegal sand-mining across the country with the help of ISRO satellites and also augment water and fodder in forest areas to prevent man-animal conflict, Union Environment and Forest Minister Prakash Javadekar said Saturday.

The government plans to use satellite image technology by ISRO (Indian Space Research Organisation) to map every area and river to check illegal sand-mining.


MSMEs to get pending GST refunds within 30 days: Nirmala Sitharaman
Posted on 24th August 2019
The government on Friday unleashed a series of reforms — from payment of all pending goods and services tax (GST) dues in 30 days to easier borrowing norms — for the struggling micro, small and medium enterprises (MSME) sector.

Facing a severe liquidity crisis since demonetisation in 2016, the MSME sector had repeatedly made several demands.


PMO's suggestion to NHAI: Stop building roads, sell assets through an InvIT
Posted on 24th August 2019
The NHAI should discontinue constructing roads and encourage the private sector to take over the running of completed projects. These are two of the key suggestions that the Prime Minister’s Office has made to the National Highways Authority of India (NHAI).

In a letter dated August 17, Nripendra Misra, Principal Secretary to the Prime Minister, wrote to Sanjeev Ranjan, Secretary, Ministry of Road Transport and Highways, collating suggestions to improve the operational performance of NHAI.


Frankfurt Motor Show: The future of Hyundai’s electric vehicle design
Posted on 24th August 2019
At the forthcoming IAA Frankfurt Motor Show (September 10-22), Hyundai Motor will display the company’s focus towards the future direction of car design. Inspired by looking back at the brand’s first model in the 1970s, the ‘45’ fully-electric concept car will act as a symbolic milestone for Hyundai’s future EV design.

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