Mumbai

SpiceJet shares tank over 8% on fresh financial worries

SpiceJetMumbai: Shares of SpiceJet Wednesday settled over 8 percent lower after Mumbai Airport asked the budget carrier to immediately pay the pending dues of Rs 5 crore and provide a bank guarantee of Rs 15 crore.

After falling 8.69 percent to Rs 21 in intra-day trade at the BSE, shares of SpiceJet ended 8.26 percent lower at Rs 21.10.

The company's market capitalisation fell by Rs 101.56 crore to Rs 1,129.44 crore.

On the volume front, 120 lakh shares of the company changed hands at the BSE during the day.

Sensex hits fresh peak of 28,939.92; Nifty at 8,730.45

Mumbai - The BSE Sensex continued its record-setting spree and breached 28,900-mark and the NSE Nifty touched a new peak of 8,730.45 in early trade on Wednesday on sustained fund inflows, driven by the encouraging corporate earnings coupled with pre-budget optimism among participants.

Rising for the fifth straight day, the 30-share index rose by 155.25 points, or 0.53 percent, to hit a new peak of 28,939.92.

The gauge had gained almost 1,438 points in previous four sessions to close at a record high at 28,784.67 in yesterday's session. It had also touched an intra-day lifetime high of 28,829.29 in the previous session.

Rupee down 6 paise to 61.77 against dollar in early trade

Mumbai - Slipping from over two-month high, the rupee shed 6 paise to 61.77 a dollar in early trade on Tuesday at the Interbank Foreign Exchange market as the US currency strengthened overseas.

Dealers said besides dollar's gains against other currencies overseas, increased demand for the American unit from importers put pressure on the rupee but a higher opening in the domestic equity markets capped losses.

The rupee had jumped by 16 paise to end at over two-month high of 61.71 against the greenback on good inflows in local markets and sustained dollar sales by exporters.

Sensex extends gains, surge 112 points in early trade

Mumbai - Maintaining its winning streak for the fourth straight day, the benchmark BSE Sensex rose by another 112 points in early trade today on sustained buying by funds and retail investors amid a firming Asian trend.

The 30-share index, which gained over 915 points in the previous three sessions, rose by 112.16 points, or 0.40 percent, to 28,374.17.

All sectoral indices, led by metal and IT, were trading in the positive zone with gains up to 0.62 percent.

Also, the National Stock Exchange index Nifty was trading higher by 38.35 points, or 0.45 percent, to 8,589.05.

Kussh Sinha’s wedding reception today

Mumbai - The wedding reception of Kussh Sinha, son of actor-politician Shatrughan Sinha will be held Monday evening.

Kush tied the knot with Taruna Agrawal, who hails from a London-based NRI family, in presence of Prime Minister Narendra Modi.

Kush, 31, looks after Shatrughan's film and television production business, unlike his twin brother Luv, who has tried his hand in acting.

Shatrughan, a former Union Minister, is the BJP MP from Patna.

His daughter actress Sonakshi Sinha, who was last seen in the recently released movie 'Tevar', took time off from her shooting schedules to attend her brother's wedding.

Rupee gains 29 paise to trade at almost 2-month high of 61.58

Mumbai - Extending gains for the third straight session, the rupee advanced by 29 paise to trade at almost 2-month high of 61.58 against the dollar in early trade today at the Interbank Foreign Exchange on continued selling of the US currency by exporters and banks.

Forex dealers said besides increased selling of the American currency by exporters and banks, a higher opening in the domestic equity market supported the rupee but dollar's strength against other currencies capped the gains.

The Indian rupee had appreciated by 19 paise to log its over one-month closing high of 61.87 against the greenback in the previous session.

Sensex rises 145 points in early trade on fund inflows

Mumbai - The benchmark BSE Sensex on Monday rose by over 145 points in early trade, extending its winning streak for the third straight session on sustained overseas fund inflows and better-than-expected quarterly earnings.

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

The 30-share index rose by 145.92 points, or 0.52 percent, to 28,267.81 points. The gauge had gained 775.07 points in the previous two sessions.

The wide-based Nifty of the National Stock Exchange moved up by 35.20 points, or 0.41 percent, to 8,549.00.

Sana Khan eliminated from 'Bigg Boss Halla Bol'

Mumbai - Model-actor Sana Khan today got eliminated from the popular reality show 'Bigg Boss- Halla Bol', an extended segment of 'Bigg Boss 8'.

Sana, who was a runner up on 'Bigg Boss 6', was one of the challengers on the show, besides Sambhavna Seth, Ajaz Khan, Rahul Mahajan, and Mahek Chahal.

"My experience inside the house was amazing. It was a lot of fun. It is another thing that I could not offer the show what others could and hence I was evicted.

"I could not create any drama as neither I have any ex-husband (Dimpy-Rahul) on the show nor any romantic angle (Karishma-Upen). I did not have a story to bank up on," Sana said.

Sensex falls 120 points in early trade on profit-booking

Mumbai - After its biggest single-day rally in over 5 years in Thursday's trade, the benchmark BSE Sensex fell over 120 points to slip below the 28,000 level in early trade today on profit-booking by participants despite the country's trade deficit falling to a 10-month low in December.

Besides, discouraging third quarter earnings by TCS and a weak trend in global market also dampened the sentiments.

The 30-share barometer fell by 120.18 points, or 0.43 percent, to 27,955.37 with stocks of realty, oil & gas, IT, metal, banking, auto, and FMCG sectors declining the most.

Rupee down 11 paise at 62.17 against US dollar

Mumbai - The rupee fell by 11 paise to 62.17 against the dollar in early trade on Friday at the Interbank Foreign Exchange market due to appreciation of the US currency overseas.

Dealers attributed the domestic currency's fall to dollar's gains against other currencies overseas and a lower opening in the domestic equity market.

The rupee had gained 12 paise to close at 62.06 after hitting a two-month high of 61.47 against the dollar in yesterday's trade amid a rally in stock markets following RBI's 25 basis points rate cut.

Meanwhile, the benchmark BSE Sensex was down by 120.18 points, or 0.43 per cent, at 27,955.37 in early trade today. PTI

TCS logs marginal dip in December quarter net profit at Rs 5,328 crore

N ChandrasekaranMumbai: Country's largest software exporter TCS on Thursday reported a marginal dip in net profit at Rs 5,328 crore in December quarter due to lower margins, a tepid performance compared to rival Infosys that beat market expectations to log 13 per cent jump in profits.

The Tata group firm had posted a post-tax profit of Rs 5,333 crore under the IGAAP system of accounting in the December quarter last year, while its profit in the preceding September quarter stood at Rs 5,244 crore.

TCS' operating margin dipped by 2.88 percent as compared to last year, to 26.9 percent, but was up 0.21 percent over the preceding September quarter.

RBI cuts interest rate by 0.25% to 7.75%

RBIMumbai: Encouraged by softening inflation, the RBI on Thursday decided to cut the benchmark interest rate by 0.25 percent to 7.75 percent with a view to boost growth.

The decision to reduce repo rate comes a fortnight ahead of the scheduled date of monetary policy announcement on February 3.

"It has been decided to reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 8.0 percent to 7.75 percent with immediate effect," Reserve Bank said in a statement today.

The RBI has been keeping the benchmark interest rate at elevated level at 8 percent since January 2014.

Sensex zooms 600 points, Nifty above 8,400 on RBI rate cut

Mumbai - The benchmark BSE Sensex climbed over 600 points and the NSE Nifty regained the 8,400-mark in opening trade on Thursday as rate-sensitive stocks led rally after the RBI in a surprise move cut repo rate by 0.25 percent.

The 30-share index, which shed 238.45 points in the previous two sessions, rebounded by 600.77 points, or 2.19 percent, to trade at 27,947.59.

All the sectoral indices, led by banking and realty were trading in the positive terrain with gains up to 3.01 percent.

On similar lines, the National Stock Exchange index Nifty regained the psychological 8,400-mark by surging 176.05 points, or 2.12 percent to, 8,453.60.

15 GMs short-listed for appointment as 14 EDs in banks

Raghuram RajanMumbai: A government-appointed selection panel has short-listed 15 general managers for appointment as 14 executive directors in various public sector banks, sources said on Wednesday.

The names of the GMs whose names have been short-listed include Harideesh Kumar of Vijaya Bank, Pawan Kumar Bajaj, RA Sankara Narayanan, NK Sahoo, Raj Kamal Verma and Charan Singh of BoI, Arvind Kumar Jain of OBC, Rishabh Lodha, Ravi Shankar Pandey and Ajit Kumar Rath of Union Bank, Ravindra P Marathe, KVR Moorthy and Kharat Kishor Piraji (BoB), Umesh Kuamr Singh of Central Bank and VK Shukla of Canara Bank.

Sensex up 85 pts in trade on encouraging IIP data

Mumbai - Rising for the fourth consecutive session, the benchmark BSE Sensex rose nearly 85 points in morning trade Tuesday, tracking improved industrial production figure at 3.8 percent for November amid mixed global cues.

However, the retail inflation moved up marginally to 5 percent in December.

The 30-share barometer moved up by 84.92 points, or 0.30 percent, to 27,670.19 with FMCG, healthcare, banking, capital goods, power and metal sector stocks leading the rally.

On similar lines, the National Stock Exchange index Nifty rose by 33.30 points, or 0.40 percent, to 8,356.30.

Sensex surges 226 points; Nifty regains 8,300-mark

Mumbai - The benchmark BSE Sensex spurted by over 226 points to 27,501.51 and the NSE Nifty regained the 8,300-mark in early trade on Friday on the back of gains in metal, healthcare and IT stocks amid a firming trend at other Asian markets.

The 30-share index, which had gained 365.89 points in the previous session, rallied by 226.80 points, or 0.83 percent, to 27,501.51.

All sectoral indices were trading in positive zone with gains up to 1.10 percent.

Also, the National Stock Exchange index Nifty reclaimed the 8,300-mark by jumping 68.70 points, or 0.83 percent, to 8,303.30.

Rupee at four-week high of 62.35 against dollar

Mumbai - The rupee strengthened by 32 paise at over four-week high of 62.35 against the dollar in early trade today at the Interbank Foreign Exchange on sustained selling of the US currency by exporters and banks amid higher opening in the domestic equity market.

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

Yesterday, the rupee jumped 50 paise to close at 62.67 against the Greenback on persistent selling of dollars by banks and hopes of capital inflows in view of a strong equity market.

India's sovereign rating upgrade likely in 2015: Report

Deutsche BankMumbai : Improving external balances and government actions may drive a sovereign rating upgrade for the country during the current calendar year, according to a report by Deutsche Bank (DB).

It was despite the fact that market was not yet factoring in a rating upgrade, the report said.

"We assign a high likelihood of a sovereign ratings upgrade for India as most macro indicators have exhibited improvements in past two years," DB Group managing director, head of research, Abhay Laijawala said while unveiling 'India equity strategy: 2015 outlook' here Thursday.

The rating upgrade for the country will happen shortly, however, it will depend on the forthcoming annual Budget, he said.

Rupee up 10 paise to 63.47 against dollar in early trade

Mumbai - The rupee gained 10 paise to 63.47 against the dollar in early trade on Wednesday at the Interbank Foreign Exchange on fresh selling of the US currency by exporters.

Forex dealers said besides selling of the American currency by exporters and banks, a higher opening in the domestic stock market supported the rupee but the dollar's strength against other currencies overseas, limited the gains.

The rupee had ended with a fall of 16 paise at over one week low of 63.57 against the Greenback in yesterday's trade.

Meanwhile, the benchmark BSE Sensex today rose by 50.05 points, or 0.19 percent, to trade at 27,037.51 in early trade. PTI

Stability is returning back in stock market, say expert

Mumbai, Jan. 7 - The Market Expert Sunil Shah on Wednesday said that after a huge cut in the stock market yesterday, it seems like stability is returning back.

"After a huge cut yesterday, what we saw on capital stock markets of our country, today it seems like stability is returning back. As I am talking to you the BSE is in green, it is up by 45 points," Shah said.

"What we saw in the market is that even the Asian markets are also stable. There is no deep cut in any of the markets. I would say that stability is coming back to the global capital markets," he added.

Shah also said that the European market opening later in the day will also have a bearing on our markets.




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