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Sensex gains 60 points in early trade led by gains in banking stocks
Posted on 17th October 2019
Equity benchmark BSE Sensex rose over 60 points in early trade on Thursday led by gains in banking stocks amid sustained foreign fund inflows.

Besides, easing global crude prices also helped buying sentiment, traders said.

The 30-share index was trading 60.48 points, or 0.16%, higher at 38,659.47 in morning trade. The broader NSE Nifty was trading almost flat up 2 points, or 0.02%, at 11,466.

Top gainers in the Sensex pack included HDFC, ITC, TCS, NTPC, Asian Paint, L&T, IndusInd Bank, HDFC Bank, Axis Bank, SBI and Sun Pharma.

On the other hand, Vedanta, Tata Steel, ONGC, HCL Tech, M&M, TechM and Tata Motors fell up to 1.94%.

In the previous session, the 30-share BSE Sensex ended 92.90 points, or 0.24%, higher at 38,598.99. On similar lines, the broader NSE Nifty rose 35.70 points, or 0.31%, to settle at 11,464.

Foreign institutional investors (FIIs) continued to be net buyers in the capital market, infusing ₹686.33 crore on Wednesday, and domestic institutional investors bought shares worth ₹1,576.73 crore, data available with stock exchange showed.

Elsewhere in Asia, bourses in Hong Kong, Shanghai and Tokyo were trading on a positive note, while those in Seoul were in the red.

The U.S. markets finished modestly lower on Wednesday after a subdued retail sales report.

Brent futures, the global oil benchmark, fell 0.69% to $59.01 per barrel.

The rupee, meanwhile, strengthened by 3 paise against the U.S. dollar to trade at 71.40 in early session.

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

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AIMPLB to decide on filing Ayodhya verdict review petition in SC today
Posted on 16th November 2019
The All India Muslim Personal Law Board (AIMPLB) is likely to take a call on whether to file a review petition in the Supreme Court's final verdict in the Ayodhya land dispute case.

A meeting of AIMPLB is expected to take place today in Lucknow to decide on call to be taken by the board in the Ram Janmabhoomi-Babri Masjid case verdict by the Supreme Court.


Maharashtra: BJP afraid MLAs may defect, says NCP’s Nawab Malik
Posted on 16th November 2019
The Maharashtra BJP is bedevilled by the trepidation that politicians who joined the party ahead of the October 21 Assembly polls will defect and, hence, its leaders are claiming they will form government in the state, the NCP said on Saturday. NCP chief spokesperson Nawab Malik made the remarks a day after Maharashtra BJP chief Chandrakant Patil said his party will soon form the government and claimed it can count on the support of 119 MLAs, including Independents, in the 288-member Assembly.

SAT pulls up Sebi for 'shabby' handling of complaints from investor
Posted on 16th November 2019
The Securities and Appellate Tribunal (SAT) has hauled up the Securities and Exchange Board of India (Sebi) for giving computer-generated response to investor complaints filed on its online platform Scores and for disposing of the matter without settling the case.

“We find the approach adopted by Sebi to be a strange one. Such computer-generated disposal of a serious complaint speaks volumes on the conduct in treating the minority shareholders in this shabby manner,” the tribunal said while delivering a judgment on a matter related to an investor complaint.


US to extend licence for its firms to continue business with Huawei: Report
Posted on 16th November 2019
The Trump administration is set to issue a two-week extension of a licence allowing U.S. companies to continue doing business with China's Huawei Technologies Co Ltd, two sources familiar with the deliberations said.

The extension of around two weeks is far shorter than the prior 90-day extension and a longer extension is in the works but has not yet been finalised due to regulatory hurdles, said one source who was briefed on the matter.


SC sets aside NCLAT order, paves way for Arcelor to acquire Essar Steel
Posted on 16th November 2019
The Supreme Court on Friday brought down the curtains on an epic battle for debt-laden Essar Steel, paving the entry of the world’s largest steel maker, ArcelorMittal, into the second-biggest steel market, India.

In a ruling that would have a far-reaching impact on cases under the Insolvency and Bankruptcy Code (IBC), the apex court has set aside the National Company Law Appellate Tribunal (NCLAT) order that put a different class of creditors — financial vis-a-vis operational creditors as also secured and unsecured financial creditors — on a par.


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