Mumbai

Nifty hits another record; Sensex trading over 28,540 level

Mumbai - The NSE Nifty continued its record-setting spree by rising 5.20 points to 8,535.35 and the BSE Sensex gained nearly 42 points to 28,541.22 in early trade today on sustained foreign fund inflows amid a mixed trend at other Asian bourses.

The Nifty moved up by 5.20 points, or 0.06 percent, to trade at a new life-time high of 8,535.35, breaching its previous record of 8,534.65 touched yesterday.

The 30-share index, which had gained 466.69 points in the previous three sessions, flared up by 41.68 points, or 0.14 percent, to quote at 28,541.22, shying away from its record high of 28,541.96 reached yesterday.

Sensex, Nifty extend record-breaking spree

Mumbai - Continuing their record-breaking spree, markets on Monday hit new highs with the BSE Sensex scaling another peak of 28,514.98 and the NSE Nifty breaching the 8,500-mark for the first time in opening trade on sustained capital inflows buoyed by positive domestic and global cues.

The benchmark BSE Sensex climbed 180.35 points, or 0.63 per cent, to trade at a new high of 28,514.98, breaking its previous record of 28,360.66 reached on November 21.

The benchmark index had gained 301.78 points in the previous two sessions.

Rupee gains 8 paise at 61.68 against US dollar in early trade

Mumbai - The rupee strengthened by four paise to 61.68 against the dollar in early trade on Monday at the Interbank Foreign Exchange on increased selling of the US currency by exporters and banks amidst sustained foreign capital inflows.

Forex dealers said apart from increased selling of the American currency by exporters and banks, the dollar's weakness against some currencies overseas, supported the rupee.

A higher opening in the domestic equity market, which soared to new highs, too supported the rupee, they added.

No drastic job cuts post KMB-ING Vysya merger: Uday Kotak

Mumbai - Kotak Mahindra Bank chief Uday Kotak has assured that there will not be "any dramatic" reduction immediately in the number of employees following the merger of ING Vysya Bank.

While ING has around 10,000 employees, Kotak Bank has around 29,000.

"We believe total number of employees will grow over time, but we don't see any dramatic reduction in the net number of people in a hurry," the Executive Vice-Chairman and Managing Director of Kotak Bank Uday Kotak told PTI after he announced the merger deal last evening.

Sensex, Nifty scales new peak in morning trade

Mumbai - The benchmark NSE Nifty rose nearly 71.60 points to hit new record of 8,473.50 and the BSE Sensex climbed over 230.97 points to trade at 28,298.53; in early trade on Friday on increased buying by foreign funds and retail investors amid a mixed trend at other Asian bourses.

The Nifty was quoted higher by 59.75 points, or 0.71 per cent, to new life-time high of 8,461.65, surpassing previous high of 8,455.65 touched on November 19.

The 30-share index, which had gained 34.71 points in the previous session, rose by 187.29 points, or 0.66 per cent, to 28,254.85 with banking, consumer durables, healthcare, metal, auto and oil & gas stocks leading the gains.

Rupee gains 8 paise at 61.86 against US dollar in early trade

Mumbai - The rupee strengthened by 8 paise to 61.86 against the dollar in early trade on Friday at the Interbank Foreign Exchange on increased selling of the US currency by exporters and banks amid a higher opening in the domestic equity market.

Forex dealers said besides increased selling of the American currency by exporters and banks, the dollar's weakness against rivals overseas supported the rupee.

Yesterday, the rupee recovered marginally by 2 paise to close at Rs 61.94 on suspected selling of the US currency by state-run banks on behalf of the RBI and mild recovery in stocks. It had plunged to a nine-month low of 62.25 against the dollar.

BMW rolls out Mini 5-door at Rs 35.2 L, new 3-door at Rs 31.8 L

Mumbai - To meet the rising demand for its iconic brand Mini, German luxury carmaker BMW Group Wednesday launched its British premium luxury small car in the 3-door and 5-door variants with petrol and diesel options.

For the five-door Mini Cooper D this is a debut in the country as the company has already been selling the first generation 3-door model since 2012 in the country. BMW Group India president Philipp von Sahr said the company has already sold close to 1,000 units of Mini in the country.

The new Mini will be rivalling the likes of Mercedes A-Class, BMW 1-Series, Volvo V40 Cross Country as well as the upcoming Abarth 500. It comes in as many as 11 colours.

Rupee falls for fourth straight day; down 8 paise to 61.81 against dollar

Mumbai - Continuing its falling streak for the fourth straight day, the rupee lost another 8 paise to 61.81 against the US dollar in early trade on Tuesday at the Interbank Foreign Exchange due to increased demand for the US currency from importers.

Forex dealers attributed the rupee's fall to increased demand for the dollar from importers but the euro's strength against the US currency and a higher opening in the domestic equity market capped the fall to some extent.

The rupee had depreciated by one paisa to close at 61.73 against the US currency in the previous session on alternate bouts of demand and supply amid rise in dollar value overseas.

Sensex hits fresh record high of 28,260; Nifty at new peak of 8,447

Mumbai - Extending their record-breaking run, the BSE benchmark Sensex climbed 82.78 points to hit yet another record of 28,260.66 while Nifty scaled new peak of 8,447.40 in opening trade on Tuesday.

Sensex yesterday surged 131.22 points to end at new peak of 28,177.88 and the Nifty rose 40.85 points to fresh closing high of 8,430.75 on the back of positive cues on the trade deficit front and robust gains logged by SBI and Tata Motors.

Sensex retreats from record high on profit-booking

Mumbai - The benchmark BSE Sensex retreated from record high to trade 44 points lower in early trade on Monday on emergence of profit-booking, mainly in healthcare, IT, banking, capital goods and oil and gas sector stocks amid weak Asian cues.

The 30-share Sensex, which had gained 106.02 points in the previous session on Friday, slipped by 44.51 points, or 0.16 per cent, to 28,002.15 in early trade. The gauge had closed at a record high of 28,046.66 in the previous session on Friday on sustained foreign fund inflows and positive economic data.

Rupee up 2 paise at 61.49 against US dollar in early trade

Mumbai - The rupee was marginally up by two paise to 61.49 against the US dollar in early trade on Thursday at the Interbank Foreign Exchange on increased selling of the American currency by banks amid a higher opening in the domestic equity market and continued foreign capital inflows.

Besides, economic factors such as retail inflation declining to 5.52 per cent in October and industrial production growing at three-month high of 2.5 per cent in September supported the rupee, forex dealers said.

The rupee had edged higher by four paise to end at 61.51 against the American currency in yesterday's trade on fresh selling of dollars by banks and exporters.

Sensex gains 89 points in early trade on positive economic data

Mumbai - Continuing its winning streak for the fourth straight session, the benchmark BSE Sensex rose over 89 points in early trade on Thursday on the back of positive economic data amidst sustained foreign capital inflows.

The 30-share barometer moved up by 89.84 points, or 0.32 per cent, to 28,098.74 with consumer durables, capital goods, power, auto, healthcare and banking sector stocks leading the rise.

Similarly, the National Stock Exchange index Nifty rose by 24.70 points, or 0.29 per cent, to 8,408. Brokers said buying activity gathered momentum on positive economic data as the country's industrial production grew at 2.5 per cent in September.

Sensex, Nifty scale lifetime highs on capital inflows

Mumbai - The benchmark BSE Sensex hit lifetime high of 28,051.78 and the NSE Nifty soared to another peak of 8,394.95, respectively in opening trade today amid sustained overseas fund inflows and positive global cues.

Besides, expectations of encouraging economic data to be released later in the day and a firming trend at other Asian markets, influenced trading sentiments.

The 30-share index, which had gained 41.43 points in the previous two sessions, flared up by 141.72 points, or 0.50 per cent, to hit new record-high of 28,051.78, surpassing its earlier peak of 28,027.96 reached on November 10.

Sensex extends gains, up 76 points in early trade

Mumbai - The benchmark BSE Sensex gained over 76 points in early trade today on sustained buying by foreign funds and retail investors amid a firming trend at other Asian bourses and hopes of further push to economic reforms by the government after recent Cabinet expansion.

The 30-share index, which had gained 6.10 points in the previous session, rose by 76.16 points, or 0.27 percent, to 27,950.89 with infrastructure, realty, oil & gas, healthcare, PSU and auto stocks leading the rise.

The NSE Nifty also edged higher by 20.35 points, or 0.24 percent, to 8,364.60.

RBI tightens norms for NBFCs; revokes registration suspension

RBI tightens norms for NBFCs; revokes registration suspensionMumbai: Tightening norms for non-banking financial companies (NBFCs), RBI Monday raised capital adequacy requirement and net owned fund limit, among others, with an objective to mitigate risks in the sector.

With a view to streamline the regulations for the sector, RBI also revoked temporary suspension on issuance of Certificate of Registration (CoR) to companies that want to conduct business of non-banking financial institution (NBFI).

As per the latest directives, RBI has raised the limit for NBFCs to maintain the Net Owned Fund (NOF) requirement to four times by 2017 to Rs 2 crore.

Injured Dhoni out of last two ODIs,Brisbane Test; Rahul, Karn, Raina in Test squad

mahendra singh dhoniMumbai, Nov 10 : Skipper M S Dhoni has been rested for the remaining two one-day internationals against Sri Lanka and the first Test against Australia to be played in Brisbane to recover from a right wrist injury.

Virat Kohli will lead the side in his absence.

Dhoni had earlier opted out of the first three games of the five-match series against Sri Lanka, citing the need for a break to freshen up ahead of the tour of Australia and the World Cup.

Meanwhile, the selectors have named Karnataka batsman K L Rahul and Railways leg spinner Karn Sharma and Uttar Pradesh south paw Suresh Raina in the 19-member Test squad.

Sensex, Nifty hit fresh lifetime highs on capital inflows

Mumbai - The benchmark BSE Sensex hit new record-high of 28,027.96 and the NSE Nifty touched another peak of 8,383.05, respectively in opening trade on Monday as investors cheered expansion of the Union Cabinet amidst continued foreign capital inflows.

Besides, a mixed trend at other Asian markets influenced trading sentiments.

The 30-share index, which had lost 47.25 points in the previous session, recovered by 159.33 points, or 0.57 per cent, to a new peak of 28,027.96 with all sectoral indices, led by FMCG, healthcare, metal and consumer durables gaining up to
1.43 per cent.

Rupee gains 17 paise at 61.45 against US dollar

Mumbai - The rupee strengthened by 17 paise to 61.45 against the dollar in early trade on Monday at the Interbank Foreign Exchange on increased selling of the US currency by exporters and banks amidst sustained foreign capital inflows.

Forex dealers said besides increased selling of the American currency by exporters and banks, the dollar's weakness against other currencies overseas, supported the rupee.

A higher opening in the domestic equity market, which soared to new highs, too influenced the rupee, they added.

Sachin's autobiography 'Playing it my Way' released

Playing it my WayMumbai, Nov 5 : Former Indian batsman Sachin Tendulkar's autobiography ' Playing it my Way' was officially released in Mumbai on Wednesday.

Many former cricketers graced the ceremony, including Sunil Gavaskar, Dilip Vengsarkar, Ravi Shastri, Vasu Paranjape, Rahul Dravid, VVS Laxman and Saurav Ganguly.

"You will not get a more cricketing evening than this, and it is appropriate that someone who stands for cricket in India should have brought such an audience like this," said commentator and journalist Harsha Bhogle.

Boria Majumdar, who co-authored the book, said the book was a 'three-and a half years long pregnancy'.

Rupee gains 6 to 61.34 paise against dollar in early trade

Mumbai - The rupee strengthened by six paise to 61.34 against the US dollar in early trade today at the Interbank Foreign Exchange on selling of the US currency by exporters and banks amidst sustained capital inflows.

The rupee settled four paise down at 61.40 against the dollar on Monday. Forex market remained closed yesterday on account of "Muharram".

Traders said besides selling of the American currency by exporters and banks, continued foreign fund inflows and a higher opening in the domestic equity market, helped the local currency to strengthen but the dollar's gain against other currencies overseas, capped the rupee's rise.




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