Category: BUSINESS

Benchmark Sensex slipped from life highs to fall over 100 points to 37,381.05 today as markets took a breather after six consecutive record-setting sessions. Weak trend in other Asian markets, muted earnings and fresh foreign capital outflows weighed on investor sentiment here. Overall market mood was cautious as investors were on a wait-and-watch mode ahead of RBI policy outcome, scheduled tomorrow, and profit-booking at record level, brokers said. The 30-share Sensex, after rising to 37,534.95 points in early trade, turned negative and retreated from record high by losing 113.55, or…

Mumbai, Jul 30 (DIN NEWS) Smashing all previous records, the BSE Sensex rose by over 150 points to 37,496.80, while the Nifty hit a fresh high of 11,300 in opening trade ahead of RBI policy meet beginning today. The 30-share index spurted 159.95 points, or 0.42 per cent, to an all-time high of 37,496.80. The gauge had gained 840.48 points in the previous five record-setting sessions and closed at an all-time high of 37,336.85 points in Friday’s session. The broader NSE Nifty too hit a new high by rising 31…

Mumbai, Jul 30 (DIN NEWS) Market benchmark BSE Sensex rose by 157 points to close at a fresh life-time high of 37,494.40, continuing its record-breaking run for the sixth session driven by gains in index majors like Reliance and Bharti Airtel. The broader NSE Nifty advanced 41.20 points or 0.37 per cent to end at a historic high of 11,319.55, bettering its previous record close of 11,278.35 hit on Friday after better-than-expected earnings by corporates. Reliance Industries rose by 1.78 per cent to close at all-time high of Rs 1,149.70…

Mumbai, Jul 29 (DIN NEWS) The civil aviation ministry’s proposed “digi yatra” facility, which seeks to make flying speedy and hassle-free, is expected to be rolled out in the next two months, Union Minister Suresh Prabhu has said. The initiative, “digi yatra”, seeks to minimise paperwork for air travel under a digital system for airport entry and boarding flights using a passenger’s Aadhaar number and mobile phone. Under the system, the civil aviation ministry is looking to make ticket booking, airport entry and boarding pass security check-in digital. “We are…

New Delhi, Jul 29 (DIN NEWS) The UIDAI today asserted that the personal details of Trai chief R S Sharma being put out on Twitter are not from the Aadhaar database or its servers, and that “so called hacked information” is easily available with a simple search on Google and other sites, without using the 12-digit unique identity number. The UIDAI jumped into the debate following a full blown war of words on Twitter between Trai Chairman RS Sharma and some users over the potential of Aadhaar number being misused.…

New Delhi, Jul 28 (DIN NEWS) Gold prices recovered by Rs 40 to Rs 30,780 per 10 grams at the bullion market today, taking positive leads from global market amid fresh buying by local jewellers. Silver also recovered by Rs 25 to Rs 39,225 per kg on increased offtake by industrial units and coin makers. Marketmen said firm global cues where gold inched up as the US dollar slid lower after strong US economic growth data while concerns remain about trade tensions between the US and Europe, attributed the recovery…

New Delhi, Jul 28 (DIN NEWS) Niti Aayog CEO Amitabh Kant has said the country needs to improve its human development index (HDI) to achieve a growth of around 10 per cent. We are growing at around 7.5 per cent and if our ambition is to grow at high rates like 10 per cent over a three-decade period, (then) it is not possible to do this if we don’t improve the HDI for India, Kant said at an event by child-rights organisation Plan India here on Friday. Such growth, Kant…

Mumbai, Jul 27 (DIN NEWS) Extending its rising streak for the third day, the rupee appreciated by 6 paise against the US dollar to 68.60 in early trade today amid weakness in the greenback against other currencies overseas and rally in domestic equities. Selling of the American currency by exporters and banks and a higher opening in the domestic equity market boosted the rupee, forex dealers said. The benchmark BSE Sensex rose by 288.22 points, or 0.77 per cent, to hit its all-time high of 37,272.86 and NSE Nifty too…

Mumbai, Jul 27 (DIN NEWS) The Sensex rallied over 300 points, and Nifty breached the 11,200 mark for the first time in early trade today, as ITC lifted benchmark bourses to fresh life-time highs after posting strong Q1 results. Better-then-expected quarterly earnings by select index heavyweights, positive Asian cues and firm foreign capital inflows boosted investor sentiment here. Keeping up its record setting spree for the fifth straight session the 30-share Sensex added 308.77 points, or 0.83 per cent, to hit a new peak of 37,293.41. The index had gained…