• Sat, Aug 18, 2018
  • Nifty hits all time closing high, up 85 points

    Published: Aug, 17, 201807:54 PM

    On the sectoral front, PSU bank rose by 3.02 per cent, followed by FMCG 1.92 per cent, metal 1.71 per cent, bank 1.09 per cent, private bank 1.03 per cent, pharma 1.03 per cent, media 1 per cent,...
    Nifty hits all time closing high, up 85 points
    The NSE benchmark Nifty spurted 85.70 points to close at a fresh lifetime high of 11,470.75 today following all-round buying led by banking, FMCG and metal counters.In global markets, European shares reversed early gains and Asian markets closed higher after the US and China agreed to resume trade talks.The Nifty 50 index rose 85.70 points or 0.75 per cent to end at 11,470.75, its record closing high. It saw an intra-day movement of about 54.65 points.On the sectoral front, PSU bank rose by 3.02 per cent, followed by FMCG 1.92 per cent, metal 1.71 per cent, bank 1.09 per cent, private bank 1.03 per cent, pharma 1.03 per cent, media 1 per cent, realty 0.88 per cent, finance service 0.74 per cent, IT 0.55 per cent, infra 0.50 per cent, auto 0.44 per cent and energy 0.08 per cent.Major index gainers were Grasim, Yes Bank, SBI, Tata Motors,...
  • High input cost may eat into tile industry's margins: Report High input cost may eat into tile industry's margins: Report
    Published: Aug, 17, 201807:39 PM

    The upward movement of gas prices, following the rising crude oil prices, and limited flexibility with the industry players to pass on the increase in the cost due to stiff competition are the key...

  • Most companies can withstand ongoing Re fall: Report Most companies can withstand ongoing Re fall: Report
    Published: Aug, 17, 201807:27 PM

    The report also noted that Reliance Industries can also see rising leverage as 75 per cent of its debt is dollar-denominated, while 85 per cent of its earnings are in dollars. However, at the same...

  • Japan Mitsubishi Corp to acquire 25 percent stake in Bangladesh LNG terminal Japan Mitsubishi Corp to acquire 25 percent stake in Bangladesh LNG terminal
    Published: Aug, 17, 201807:23 PM

    Japan’s Mitsubishi Corp on Friday said it has agreed to acquire 25 percent of Bangladesh’s Summit Liquefied Natural Gas (LNG) terminal and plans to help develop an offshore receiving site in the South...

  • Total state fiscal deficits to rise by 20 bps to 2.8 per cent in FY19 Total state fiscal deficits to rise by 20 bps to 2.8 per cent in FY19
    Published: Aug, 17, 201807:17 PM

    On the expenditure side, it expects growth in revenue expenditure to moderate to 11.2 per cent, from 20.7 per cent in FY18, as salary revisions of state government employees and the outgo related to...

  • Sensex surges 284 points, Nifty hits new high Sensex surges 284 points, Nifty hits new high
    Published: Aug, 17, 201805:15 PM

    Major index gainers were Yes Bank, SBI, Vedanta, HUL, Tata Motors, ITC, Tata Steel, ICICI Bank, Kotak Bank, M&M, Adani Ports, Sun Pharma, L&T, Asian Paints, Axis Bank, Infosys, RIL, TCS, IndusInd...

  • TruJet in talks with Jet Airways to sublease up to 7 ATRs TruJet in talks with Jet Airways to sublease up to 7 ATRs
    Published: Aug, 17, 201803:53 PM

    The airline management, which had previously deferred its quarterly results stating it needed more time to finalise accounts, today informed exchanges that its board will meet on August 27 to consider...

  • Sensex rises over 250 pts, Nifty reclaims 11,400 mark Sensex rises over 250 pts, Nifty reclaims 11,400 mark
    Published: Aug, 17, 201810:15 AM

    Taking positive cues from global equities, the 30-share index was trading higher by 262.91 points, or 0.69 per cent, at 37,926.47.

  • Godrej Consumer Products expects 25-40 per cent sales growth from newly launched products Godrej Consumer Products expects 25-40 per cent sales growth from newly launched products
    Published: Aug, 17, 201801:39 AM

    Homegrown FMCG player Godrej Consumer Products (GCPL) expects 25-40 per cent of its growth coming in from new products across categories, a top company official has said.

  • Persons of Indian Origin billionaire launches renewable plan Down Under Persons of Indian Origin billionaire launches renewable plan Down Under
    Published: Aug, 17, 201801:33 AM

    India-born British billionaire Sanjeev Gupta (inset) has launched a $1 bn, one-gigawatt renewable energy plan based in South Australia’s mid-north that he says will lead the country’s industry...