Indian equities continued to gain momentum on the back of heavy buying action witnessed across all sectors.
Mirroring the sharp increase in values of key stocks in this space, the BSE Realty index gained 10%. Capital goods, oil, power, bank and metal stocks also rallied smartly.
BSE Midcap and Smallcap rose 1.98% and 1.38% respectively.
At 02.25 p.m., the 30-share index Sensex stood at 8,993.39, up 245.96 points, after hitting a high of 8,997.36 and a low of 8,726.71.
Maharashtra Chief Minister Vilasrao Deshmukh, who last month completed four years of his second term in the office, resigned on Thursday.
"I have accepted moral responsibility for Mumbai terror attacks. In a democracy one has to honour people's anguish and anger," he said after submitting his resignation.
The 63-year-old Deshmukh drove to Raj Bhawan and submitted his resignation to Governor S C Jamir, soon after he addressed a press conference.
The Government has raised the interest assistance provided to the public sector banks by one per cent to three per cent for up to Rs 3 lakh short-term crop loans to agriculturalists for this fiscal in order to incentivise the credit flow to farmers. The amount of subvention is to be calculated on the amount of the crop loan disbursed from the date of disbursement or drawal, up to the date of repayment or up to the date beyond which the outstanding loan becomes overdue, whichever is earlier.
In a report published in the of the Journal of American Medical Association (JAMA), it was concluded that healthy middle-age women can have up to two alcoholic drinks a day without apparently being at risk of irregular heartbeat. However, more than two alcoholic drinks is associated with an increased risk of irregular heartbeat, also known as atrial fibrillation.
Tata Steel, India’s leading steel maker has introduced an early separation scheme for its employees in its Jamshedpur plant in Jharkhand to downsize its ‘less skilled’ workforce. Tata Steel spokesperson said, "ESS scheme is a voluntary scheme and has got nothing to do with the global economic recession. We cannot ascertain the number of people who will be opting for this option. In view of investment in better and modern technology to increase productivity level, more skilled and fewer people are required."
India would buy 80 medium-lift Mi-17 helicopters from Russia for Rs 6,500 crore.
The Cabinet Committee on Security (CCS) approved the proposal on Tuesday.
The CCS's decision to buy the choppers and renegotiate the terms of the Gorshkov aircraft carrier deal came two days before the arrival of Russian President Dimitry Medvedev to India.
Prime Minister Manmohan Singh will host Medvedev, who lands in New Delhi on Thursday, to a private dinner before having formal talks with him on Friday.
Indian equities continued to gain momentum on the back of heavy buying action witnessed across all sectors.
Maharashtra Chief Minister Vilasrao Deshmukh, who last month completed four years of his second term in the office, resigned on Thursday.
In a report published in the of the Journal of American Medical Association (JAMA), it was concluded that healthy middle-age women can have up to two alcoholic drinks a day without apparently being at risk of irregular heartbeat. However, more than two alcoholic drinks is associated with an increased risk of irregular heartbeat, also known as atrial fibrillation.
Tata Steel, India’s leading steel maker has introduced an early separation scheme for its employees in its Jamshedpur plant in Jharkhand to downsize its ‘less skilled’ workforce. Tata Steel spokesperson said, "ESS scheme is a voluntary scheme and has got nothing to do with the global economic recession. We cannot ascertain the number of people who will be opting for this option. In view of investment in better and modern technology to increase productivity level, more skilled and fewer people are required."
India would buy 80 medium-lift Mi-17 helicopters from Russia for Rs 6,500 crore.
