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Sensex, Nifty a tad higher as demand slowdown concerns kept gains in check
Posted on 14th October 2019
Mumbai: After a volatile opening, Indian markets on Monday rose nearly 0.5% led by gains in energy, auto and banking stocks. Sentiments were also improved after signs of progress in US-China trade negotiations.

At 12.12 pm, the benchmark Sensex Index rose 0.5% to 38306.29 points while Nifty advanced 0.5% to 11361.60 points.

President Donald Trump said the two sides agreed to the outlines of a deal that could be signed as early as next month. US wont increase tariffs on China as scheduled this week as part of a "phase one" trade accord.

"The earnings announcements will dictate the trend on the stock-specific front. We advise keeping cautious approach and preferring hedged trades", said Ajit Mishra Vice President, Research, Religare Broking Ltd.

Among gainers, Tata Motors surged 5.5% followed by Oil & Natural Gas and Yes Bank which rose 5% and 3% respectively. Other gainers included, Vedanta Ltd and Tata Steel which rose 3% each. Indusind Bank and Bajaj Auto rose 2.4% and 2% respectively.

Among laggard, Infosys was the biggest loser, down 3.3% on profit booking. On Friday, Infosys raised the lower end of its fiscal year 2020 revenue guidance, revising it to 9-10% from 8.5-10% earlier, on the back of strong momentum in large deals and market share gains.

Indian Railway Catering and Tourism Corp Ltd surged nearly 125% from its issue price. The Rs645 crore initial public offering (IPO) was subscribed 112 times at a price band of ₹315- ₹320 per share. The issue was open for subscription between 30 September and 4 October.

Avenue Supermart fell 1% after the company reported revenue growth a tad lower than expected.

Adani Gas surged 13% after French oil and gas giant Total S A acquired a 37.4% stake in Adani Gas Ltd, the listed gas unit of the diversified Adani Group, for Rs5,662 crore

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

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United Airlines sending layoff notices to nearly half of its US employees
Posted on 9th July 2020
United Airlines will send layoff warnings to 36,000 employees - nearly half its US staff - in the clearest signal yet of how deeply the virus outbreak is hurting the airline industry.

The outlook for a recovery in air travel has dimmed in just the past two weeks, as infection rates rise in much of the US and some states imposed new quarantine requirements.

Veteran actor and Jaaved Jaaferi's father Jagdeep passes away at 81
Posted on 9th July 2020
Veteran actor Syed Ishtiaq Ahmed Jafri, popularly known by his stage name Jagdeep, passed away at the age of 81 on Wednesday.

He is survived by his two sons Jaaved Jaaferi and Naved Jafri.

In his career of more than six decades, Jagdeep acted in over 400 films and was a part of several hit Hindi films including 1975 blockbuster Sholay in which he played the character of Soorma Bhopali.

Gold price today at Rs 48,700 per 10 gm, silver climbs to Rs 50,000 a kg
Posted on 9th July 2020
Gold prices on Thursday jumped to Rs 48,700 from Rs 48,450 per 10 gram, while silver climbed to Rs 50,020 from Rs 49,200 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.

IRB Infra Developers hits 52-week high; stock zooms 84% in one month
Posted on 9th July 2020
Shares of IRB Infrastructure Developers gained 3 per cent and hit a 52-week high of Rs 121.50 on the BSE on Thursday on expectations that earnings may improve going forward as road traffic reaches over 80 per cent of pre-Covid level.

The stock of the company, which is the largest private roads and highways infrastructure developer in India, has surpassed its previous 52-week high of Rs 119.70 touched on January 21, 2020.

Breaking: UP Gangster Vikas Dubey nabbed from Madhya Pradesh's Ujjain
Posted on 9th July 2020
After days of intensified manhunt, the Uttar Pradesh Police has managed to nab gangster Vikas Dubey, news agency ANI quoted sources as saying.

It is being said that he was nabbed from Madhya Pradesh's Ujjain on Thursday where he had gone to offer prayers at the Mahakaal temple. He was detained by the guard.

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