Mumbai

RBI extends deadline to exchange pre-2005 notes till June 30

RBI extends deadline to exchange pre-2005 notes till June 30Mumbai : The deadline for exchanging pre-2005 currency notes of various denominations, including Rs 500 and Rs 1,000, has been extended by another six months till June, 30, 2015.

"The Reserve Bank of India has stated that the public can do so till June 30, 2015. Earlier in March 2014, it had set the last date for public to exchange these notes was January 1, 2015," the RBI said in a statement.

The central bank clarified that all such notes will continue to remain a legal tender. These notes can be exchanged for their full value, it added.

Rupee down 4 paise to 63.29 against dollar in early trade

india rupeeMumbai: The rupee depreciated by four paise to 63.29 against the US dollar in early trade today at the Interbank Foreign Exchange on fresh demand for the American currency from banks and importers.

Forex dealers said besides the dollar's gains against other Asian currencies, increased demand for the American unit from importers contributed to the rupee's weakness but a higher opening in domestic equities, capped the fall.

The rupee had gained five paise to close at 63.25 against the dollar in yesterday's trade on fresh selling of the US currency by exporters amid bullish stocks.

Sensex extends gains, up 87 points in early trade

Mumbai - The benchmark BSE Sensex gained over 87 points in early trade on Monday on mild buying by funds and investors amid robust global trends coupled with positive domestic sentiments after the introduction of GST Bill in the Lok Sabha on Friday.

Rising for the third straight day, the 30-share index, which had gained 661.71 points in past two sessions, rose by 87.28 points, or 0.32 per cent, to 27,459.12 with stocks of metal, FMCG, capital goods and realty sectors leading the rise.

The National Stock Exchange index Nifty also moved up by 18.10 points, or 0.22 per cent, to 8,243.30.

Rupee recovers 5 paise at 63.25 vs US dollar

Mumbai - The rupee recovered by 5 paise to 63.25 against the US dollar in early trade on Monday on fresh selling of the American currency by banks and exporters.

Besides, dollar's weakness against other currencies overseas amid higher opening in the domestic equity market also supported the rupee, dealers said.

The domestic currency had lost 19 paise to end at 63.30 against the dollar on Friday due to strong demand for the US currency from oil firms.

Meanwhile, the benchmark BSE Sensex gained 87.28 points, or 0.32 per cent, to trade at 27,459.12 in early trade today. (PTI)

Sensex up 314 points in early trade on global trends

Mumbai - Extending its rise for the second straight session, the benchmark BSE Sensex spurted by over 314 points in early trade on Friday on firming global trend after the US Fed gave indication of holding interest rate hike in the short-term.

Besides, further recovery in the rupee, which was trading 11 paise higher at 63 against the dollar in early trade, also supported the rally.

The 30-share index, which had gained 416.44 points in the previous session, rose further by 314.29 points, or 1.16 per cent, to 27,440.86.

Rupee up 11 paise at 63 against dollar

Mumbai - The rupee gained another 11 paise to trade at 63.00 against the dollar in early morning session on Friday at the Interbank Foreign Exchange market on increased selling of the US currency by exporters.

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

The rupee had gained 50 paise, the steepest single day gain in last seven months, to close at 63.11 against the dollar yesterday, in line with strong recovery in stocks.

Rupee up 40 paise to 63.21 against dollar in early trade

Mumbai - After three sessions of weakness, the rupee strengthened by 40 paise to 63.21 against the dollar in early trade today at the Interbank Foreign Exchange on increased selling of the US currency by exporters and banks amidst higher opening in the domestic equity market.

Forex dealers said besides selling of the American currency by exporters, gains in other currencies against the dollar overseas after the US Federal Reserve indicated interest rates would be hiked by mid-2015 and a rebound in the domestic stock market, supported the rupee.

Yesterday, the rupee had lost 8 paise to close at 63.61 against the dollar due to persistent capital outflows.

Sensex snaps 5-day losing trend to regain 27K mark; Nifty over 8,100 level

Mumbai - Snapping their five-day losing trend, Sensex soared over 395 points to regain the 27,000-mark and NSE Nifty reclaimed the 8,100-level in early trade today, following rebound in bluechips, boosted by a global markets rally after the US Fed kept its monetary policy unchanged.

The 30-share index rebounded by 395.67 points, or 1.48 percent, to trade above the 27,000-mark at 27,105.80. The gauge has lost 1,120.97 points in the previous five sessions.

All sectoral indices, led by consumer durables, banking, power, capital goods, realty and metal, gained up to 3.03 percent.

Sensex drops 285 points in morning trade; Nifty below 8K-level

Mumbai - Bears continued to cast shadow as the benchmark BSE Sensex extended its overnight crash to drop 284.91 points and Nifty fell below the crucial 8K-level on across the board selling amid mixed Asian cues.

The market was entangled by global uncertainties due to fall in crude oil prices, Russian currency turmoil as well as uninterrupted selling by FIIs.

There is a need of definite trigger for bourses to recoup as investors are looking for the outcome of a crucial US Federal Reserve meeting, a trader said.

The 30-share BSE Sensex resumed lower at 27,724.01 and dipped to 26,483.57, down by 284.91 points, or 1.06 percent, at 1015 hours.

SpiceJet shares plunge 17% as airline asks for govt help

Mumbai - Continuing its plunge for the fourth straight session Tuesday, shares of SpiceJet tanked 17 percent even as the beleaguered company got a breather with indications that state-run Airports Authority of India would not press for immediate clearance of Rs 200 crore dues.

Amid continued sluggish investor sentiment for the shares of the Kalanithi Maran-led company, SpiceJet plunged 16.97 percent to Rs 11.25 at the BSE.

In four trading sessions, the stock has crashed over 25 percent, eroding Rs 216.63 crore from its market value.

Marketmen said that the stock is witnessing a downtrend amid mounting troubles for the cash-strapped budget carrier.

TCS shares tank 4% on revenue growth concerns

Mumbai - Shares of Tata Consultancy Services (TCS) fell by 4 percent Monday on worries that growth may be muted after the company said it expects revenue in December 2014 quarter to be 'in-line with seasonal trends'.

TCS's scrip tumbled 4 percent to Rs 2,356.45 at the BSE.

On the NSE, it was down 3.9 percent to Rs 2,355.10.

The bellwether stock was the worst performer among the 30-Sensex constituents.

The third quarter of the fiscal is traditionally weaker for IT firms as business is impacted by low volume growth amid Christmas and New Year holidays and furloughs in the US and Europe.

Rupee plunges to over 10-month low of 62.51 Vs USD

Mumbai - The rupee depreciated by 22 paise to trade at over 10-month low of 62.51 against the greenback in early trade Monday due to increased demand for the US currency from importers and a weak opening in domestic equity markets.

Forex dealers said besides fresh demand from importers for the American unit at the Interbank Foreign Exchange here, a lower opening in the domestic equity market after industrial output contracted by 4.2 percent in October -- the sharpest decline in at least two years -- put pressure on the rupee.

Besides, dollar's gains against other currencies overseas weighed on the rupee, they added.

Sensex plunges 245 points in early trade, Nifty dips below 8,200

Mumbai - The benchmark Sensex tumbled over 245 points and the Nifty went below the 8,200 mark in early trade Monday on continued selling by funds and retail investors after October industrial production contracted sharply, amid a weak trend in the Asian region.

Falling for the third straight session, the 30-share barometer plunged by 245.64 points, or 0.89 percent, to 27,105.04 with IT, consumer durables, realty, capital goods, metal and oil & gas stocks leading the fall.

Auto, healthcare and power stocks also faced selling pressure.

The BSE index had lost 480.42 points in the previous two sessions.

Sensex, Nifty plunge in early trade on global selloff

Mumbai - The benchmark BSE Sensex tumbled over 258 points to 27,572.70 and the NSE Nifty slumped by 74.15 points to trade below 8,300-mark in early trade on Thursday on sustained foreign fund outflows, tracking weak global cues amid plunging crude prices.

The 30-share index fell by 258.40 points, or 0.92 per cent, to 27,572.70, with all the sectoral indices led by capital goods, realty, auto, metal and PSU trading in the negative zone.

The gauge had gained 34.09 points in yesterday's volatile trade.

Also, the National Stock Exchange index Nifty shed 74.15 points, or 0.88 per cent, to 8,281.50 in early trade.

Rupee down 15 paise at 62.17 against US dollar

Mumbai - Continuing its falling streak for the fourth straight day, the rupee weakened by another 15 paise to trade at 62.17 against the US dollar in early trade on Thursday due to sustained demand for the American currency from importers.

The dollar's gains against other currencies overseas and a lower opening in the domestic equity market also put pressure on the local unit, forex dealers said.

The rupee had lost 14 paise to end at over one-week low of 62.02 against the greenback yesterday on sustained dollar demand from importers and fresh capital outflows.

Ruhi Singh wins Miss Universal Peace and Humanity title

Ruhi SinghMumbai : India's Ruhi Singh became the first ever Miss Universal Peace and Humanity title winner at an event held in Lebanon on Wednesday.

Ruhi, who represented India at Miss Universal Peace and Humanity, won the crown beating competitors from 145 other countries and is also the first person from India to win this title.

"I am ecstatic. This still seems like a dream to me. I am waiting to reach India and share this joy with my loved ones. I am grateful to the entire team of Miss India Organization for giving me this opportunity to make my country proud," Ruhi, who looked gorgeous in a Komal Sood gown, said in a statement post her win.

She has been gratified with USD 50,000.

Sensex extends losses for 4th straight day; trading at 27,710

Mumbai - Continuing its falling streak for the fourth straight day, the benchmark BSE Sensex fell by nearly 87 points in early trade on Wednesday on sustained selling by funds and investors amid weak global cues.

The 30-share barometer, which lost 765.81 points in the previous three sessions, fell by 86.98 points, or 0.31 percent, to 27,710.03 in early trade.

On similar lines, the National Stock Exchange index Nifty declined by 9 points, or 0.11 percent, to 8,331.70.

SAT to hear DLF plea against Sebi order tomorrow

Mumbai - With Securities Appellate Tribunal set to hear DLF and its senior executives' plea against Sebi ruling on Wednesday, the focus is likely to be on the accounting practices that were followed by the realty major.

The tribunal, last month, clubbed the petition from DLF's promoters with the company's main plea against Sebi ruling.

In October, the market watchdog had banned DLF, its chairman K P Singh and five other senior officials from the securities market for three years with regard to alleged non-disclosure of three of its hundreds of subsidiaries in the 2007 IPO filing.

Sensex slips below 28K, Nifty down 72 points

Mumbai - Extending their fall, the benchmark BSE Sensex slipped below the 28,000 level and the NSE Nifty dropped below the 8,400 mark at midsession as funds and retail investors indulged in selling activity amid weak global cues after crude oil dipped to fresh five-year lows.

After opening in negative terrain on continued selling activity by participants, the Sensex dipped below the psychological 28,000-mark to touch a low of 27,869.92. It, however, recovered marginally to 27,911.35, down by 208.05 points, or 0.74 percent at 1330 hours.

Sensex down 105 points as IT shares slip; logs 1st weekly drop in 7 weeks

Mumbai - The benchmark Sensex on Friday ended 105 points lower at 28,458.10 and logged its first weekly drop in seven weeks on late profit-booking in IT and pharma shares.

The BSE Sensex appears to be consolidating between 28,000 and 29,000 levels before making any fresh move, brokers said.

ITC, M&M and Sesa Sterlite were among the few gainers in 30-share Sensex. The barometer fell on losses led by TCS, Infosys, Wipro, Sun Pharma, Dr Reddy's and Cipla shares.

Second-line stocks, which have been in the limelight recently, also were hit by profit-booking by retail investors, brokers added.




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