Mumbai

Sensex rises for second straight session; trading over 28,600 level

Mumbai - Rising for the second consecutive session, the benchmark BSE Sensex gained over 88 points in early trade on Friday on sustained foreign capital inflows coupled with a mixed trend on other Asian bourses.

The 30-share index, which had gained 120.11 points in the previous session, gathered another 88.93 points, or 0.31 percent, to 28,651.75 with oil & gas, metals and capital goods sectors leading the rise.

The NSE Nifty also shot up by 15.15 points, or 0.18 percent, to 8,579.55.

India names World Cup probable list, five big names dropped

India names World Cup probable listMumbai, Dec 4 : The national selection committee of the Board of Control for Cricket in India (BCCI) on Thursday named its 30-member probable squad for the 2015 World Cup in Australia and New Zealand.

On the recommendation of the selection committee, the board has dropped senior players Virender Sehwag, Harbhajan Singh, Zaheer Khan, Gautam Gambhir and Yuvraj Singh, all of whom were part of the 2011 World Cup winning squad.

The emphasis was on selecting young talent.

The other players who have been dropped include Yusuf Pathan, Piyush Chawla and Ashish Nehra.

Sensex gains 278 points; Nifty hits new peak

Mumbai - The benchmark BSE Sensex staged a strong comeback by surging over 278 points and the NSE Nifty hit a new high of 8,626.95 in early trade Thursday as shares of ITC led the rally on expectations that the proposal to ban sale of loose cigarettes is likely to be put on hold.

Besides, a firming trend in other Asian markets buoyed the trading sentiments here.

The 30-share index, which had retreated from record-high by falling 251.28 points in the past three sessions, recovered by 278.41 points, or 0.98 percent, to 28,721.12 with all the sectoral indices, led by FMCG, realty, oil & gas and banking, trading in positive zone with gains up to 2.26 percent.

Sensex slips 47 points after positive start

Mumbai - The benchmark BSE Sensex slipped by 46.58 points in morning trade on Wednesday as bourses turned wavery on bouts of selling in key bluechips from IT, tech, healthcare and FMCG sectors.

Earlier, the market recovered from its overnight losses amid firm buying in realty, capital goods, banking, consumer durables, metal and oil & gas sector stocks coupled with shares of mid-cap and small-cap companies.

Higher Asian cues amid overnight gains in US stocks along with FII inflows overlapped the market sentiment.

The 30-share index opened higher at 28,472.32 and fluctuated between 28,504.65 and 28,370.73 before quoting 28,397.43 points at 1100 hours.

RBI maintains status quo; indicates rate cut in early 2015

Mumbai - Disappointing industry and the government, RBI Tuesday chose not to go for a rate cut for fifth time in a row but held out a promise of a softening stand in the next review due in February.

While keeping the short term lending (repo) rate unchanged at 8 percent, RBI Governor Raghuram Rajan said that "a change in the monetary policy stance at the current juncture is premature".

"However, if the current inflation momentum and changes in inflationary expectations continue, and fiscal developments are encouraging, a change in the monetary policy stance is likely early next year, including outside the policy review cycle," he said.

Interest rates to remain unchanged, says RBI

RBIMumbai, Dec 2 : The Reserve Bank of India (RBI) on Tuesday decided to keep interest rates unchanged and to stay focussed on containing inflation.

The RBI kept the repo rate at 8 per cent at its policy review, and there was no reduction.

The reason for the interest rates being unchanged was because of the less than positive economic growth that was expected during Prime Minister Narendra Modi's first six months in power.

RBI Governor Dr. Raghuram Rajan has reportedly kept the rates same, as a slowdown in economic growth was not as bad as earlier feared.

Rupee down 22 paise at 62.25 against US dollar

Mumbai - The rupee lost 22 paise to trade at a fresh nine-month low of 62.25 against the US dollar in early trade on Monday at the Interbank Foreign Exchange due to rise in the greenback's value against other currencies overseas.

Dealers attributed the fall in rupee to dollar's gains against the euro and yen overseas.

However, a higher opening in the domestic stock market limited the fall of the domestic currency. The rupee had tumbled 16 paise to close at almost a nine-month low of 62.03 against the dollar on Friday following sustained dollar demand from importers, including oil firms.

Rupee down 6 paise at 61.93 against US dollar

Mumbai - The rupee depreciated by 6 paise to trade at 61.93 against the US dollar in early trade on Friday, extending yesterday's weakness due to sustained month-end demand for the American currency from importers.

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

The rupee had lost 3 paise to end at 61.87 against the greenback in yesterday's trade on month-end dollar demand from importers.

Meanwhile, the benchmark BSE Sensex spurted by 326.61 points, or 1.14 per cent, to hit a new life-time high of 28,765.52 in opening trade today. (PTI))

Rupee gains 4 paise at 61.80 against US dollar

Mumbai - The rupee strengthened by 4 paise to 61.80 against the dollar in early trade on Thursday at the Interbank Foreign Exchange on increased selling of the US currency by exporters and banks amid sustained foreign capital inflows.

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

A higher opening in the domestic equity market too helped the local currency to rise, they added. The rupee edged up by two paise to close at 61.84 against the greenback yesterday on stray dollar selling by exporters.

Sensex extends gains, up 37 points in early trade

Mumbai - Extending Wednesday's gain, the benchmark BSE Sensex rose over 37 points in early trade on Thursday on sustained buying in blue-chip stocks amid a mixed trend in Asian markets.

Besides, covering-up of pending short positions by speculators on the last day of November series expiry in the derivatives segment also influenced sentiment.

The BSE 30-share barometer, which had gained 48.14 points in yesterday's volatile trade, rose 37.75 points, or 0.13 per cent, to 28,423.94.

Similarly, the NSE Nifty also advanced by 12.80 points, or 0.15 per cent, to trade at 8,488.55.

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.




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