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11400 is immediate resistance to Nifty
Posted on 12th October 2019
Domestic benchmark indices Sensex and Nifty closed for the week with gains of over 0.6 per cent on mixed global and domestic cues.

Market sentiments turned positive after the US President Donald Trump signalled towards trade truce between US and China, analysts said. Trump hinted at completing part negotiation on day one.

Foreign portfolio investors turned net buyer of equities worth Rs 749.74 crore while the domestic institutions were net sellers of equities worth Rs 703.02 crore.

Sensex closed 246 points or 0.65 per cent up at 38127.08 after a volatile session, the Index dipped to a low of 37737 after opening higher at 37994.48 but later touched a high of 38345.41 before the final close. Broader Nifty-50 gained 70.50 point or 0.63 per cent closing at 11305.05.

The broader market underperformed with BSE Mid-Cap Index up 0.24 per cent and BSE Small-Cap Index up 0.38 per cent.

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

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There will be Shiv Sena CM in Maharashtra, no matter what: Sanjay Raut
Posted on 15th November 2019
In the ongoing political slugfest over government formation in Maharashtra, Shiv Sena leader Sanjay Raut said that no one can stop the party from acquiring the Chief Minister post.

In a press conference, Sanjay Raut said that there will be a Shiv Sena CM for next 25 years, emphasizing strongly on the fact that Shiv Sena will be leading Maharashtra no matter what.He also said that Shiv Sena is the biggest party in Maharashtra and will stay here forever.


Govt must read ‘extremely important’ dissent order in Sabarimala verdict: Justice Nariman
Posted on 15th November 2019
Justice R.F. Nariman of the Supreme Court on Friday said the government must read the “extremely important dissent” order in the Sabarimala case.

Justice Nariman had penned the dissent order on behalf of himself and Justice D Y Chandrachud.


Essar Steel case: SC clears way for ArcelorMittal to complete $1.8 bn deal
Posted on 15th November 2019
ArcelorMittal won approval from India’s top court to complete its $5.8 billion purchase of a bankrupt steel mill, clearing the way for tycoon Lakshmi Mittal to enter the world’s second-biggest market.

The Supreme Court allowed Arcelor to make the payment for Essar Steel India Ltd. and set aside a bankruptcy appellate tribunal’s order that had given secured and unsecured creditors equal right over the sale proceeds.


Supreme Court: CJI Ranjan Gogoi's last working day today, Bar Association to organise farewell ceremony
Posted on 15th November 2019
Chief Justice of India (CJI) Ranjan Gogoi is set to formally retire from his post on November 17, but today, i.e. November 15 is his last working day at the Supreme Court, marking which the Supreme Court Bar Association will organise a farewell ceremony this evening.

CJI Gogoi sat with Chief Justice designate Sharad Arvind Bobde in Court 1, according to tradition, and issued notices in all the 10 cases listed in the Court today for today. He also thanked all the lawyers who addressed him in his honour.


No alternative, land or money, acceptable for mosque in Ayodhya: Jamiat Ulama-e-Hind
Posted on 15th November 2019
A key litigant from the Muslim side in the highly-sensitive Ayodhya Ram Janmabhoomi-Babri Masjid title dispute case — the Jamiat Ulama-e-Hind (JuH) — has decided to not accept the alternate five-acre-land mandated by the Supreme Court to build a mosque, adding that no 'alternative' to a mosque in Ayodhya, be it money or land, is acceptable. They also added that a five-member fact-finding committee, representing the JuH, will seek legal opinion on the matter, and will even consider going for a review of the SC verdict.

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Ayodhya verdict shouldn't be seen as victory for any side: Left parties

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