Business – NP News24 https://npnews24.com Latest News Update realtime on the move Thu, 21 Nov 2019 07:58:25 +0000 en-GB hourly 1 161264391 Sensex near life-time high, Nifty above 12K https://npnews24.com/2019/11/21/sensex-near-life-time-high-nifty-above-12k/ Thu, 21 Nov 2019 05:00:08 +0000 https://npnews24.com/2019/11/21/sensex-near-life-time-high-nifty-above-12k/ Indian markets
Indian markets

Mumbai, Nov 21 (IANS) Markets traded near-record levels on Thursday after opening in the green.The Sensex was up 38 points at 40,690.46 from its previous close of 40,651.64 while the Nifty traded higher by 5 points at 12,004.45.Telecom stocks fell on Thursday after strong performance over the last few sessions. Vodafone Idea fell nearly 5 […]

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Indian markets
Indian markets

Mumbai, Nov 21 (IANS) Markets traded near-record levels on Thursday after opening in the green.The Sensex was up 38 points at 40,690.46 from its previous close of 40,651.64 while the Nifty traded higher by 5 points at 12,004.45.Telecom stocks fell on Thursday after strong performance over the last few sessions. Vodafone Idea fell nearly 5 per cent, Bharti Airtel traded lower by 2 per cent on the NSE.

BPCL was trading 2.30 per cent lower at Rs 532.10 a share after the Cabinet Committee on Economic Affairs on Wednesday approved the strategic disinvestment of the Centre’s entire stake in Bharat Petroleum Corp. Ltd (BPCL), Shipping Corp, THDC India, and NEEPCO, and most of its stake in Container Corp.It also gave an in-principle approval for the government to reduce stake in certain state-owned companies to below 51 per cent in some, while retaining majority stake management control.

–IANSravi/in

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Sensex logs life-time high of 40,816, Nifty tops 12K https://npnews24.com/2019/11/20/sensex-logs-life-time-high-of-40816-nifty-tops-12k-lead/ Wed, 20 Nov 2019 07:15:06 +0000 https://npnews24.com/2019/11/20/sensex-logs-life-time-high-of-40816-nifty-tops-12k-lead/ Sensex
Sensex

Mumbai, Nov 20 (IANS) India’s benchmark equity index hit record levels led by index-heavyweight Reliance Industries (RIL) — the largest company by market cap on Tuesday surged nearly 4 per cent on the BSE after improved prospects of Jio.Moreover, Reliance Industries (RIL), the highest contributor to Sensex gains is just short of reaching the market […]

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Sensex
Sensex

Mumbai, Nov 20 (IANS) India’s benchmark equity index hit record levels led by index-heavyweight Reliance Industries (RIL) — the largest company by market cap on Tuesday surged nearly 4 per cent on the BSE after improved prospects of Jio.Moreover, Reliance Industries (RIL), the highest contributor to Sensex gains is just short of reaching the market capitalisation of Rs 10 lakh crore.

RIL will be the fist listed firm to reach the landmark size.At 12.16 p.m., the Sensex was up 319.43 points at 40,789.13 before hitting the intra-day high of 40,816.38. The broader Nifty surged to 12,024.40, gaining 84.30 points.Strong buying was yet again seen in telecom companies after Bharti Airtel, Reliance Jio and Vodafone Idea (VIL) decided to hike tariff as early as December 1.Index leaders, in term’s of gains were: IndusInd Bank, Sun Pharma, Reliance Industries, Maruti Suzuki and Yes Bank. The top losers were NTPC, Kotak Mahindra Bank, State Bank of India, Bajaj Auto and HCL Tech.

–IANSravi/in

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Sensex opens 170 points higher, Airtel top gainer https://npnews24.com/2019/11/19/sensex-opens-170-points-higher-airtel-top-gainer/ Tue, 19 Nov 2019 05:00:11 +0000 https://npnews24.com/2019/11/19/sensex-opens-170-points-higher-airtel-top-gainer/ Sensex
Sensex

Mumbai, Nov 19 (IANS) Sensex and Nifty opened higher on Tuesday, however, 33 of the Nifty50 stocks were trading in the red and only 16 advanced during the early trade.Telecom scrips continued its strong performance despite the two biggest telecom companies — Bharti Airtel and Vodafone — announcing tariff hikes.While Airtel surged over 5 per […]

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Sensex
Sensex

Mumbai, Nov 19 (IANS) Sensex and Nifty opened higher on Tuesday, however, 33 of the Nifty50 stocks were trading in the red and only 16 advanced during the early trade.Telecom scrips continued its strong performance despite the two biggest telecom companies — Bharti Airtel and Vodafone — announcing tariff hikes.While Airtel surged over 5 per cent on the NSE, Vodafone Idea (VIL)advanced nearly 18 per cent to Rs 5.25 apiece.

On Monday, VIL closed with 25 per cent gain on a possible government led revival.At 9.43 a.m., Sensex was trading higher by 45.22 points at 40,329.41 and the Nifty was up 11.50 points at 11,896.Foreign Portfolio Investors sold Rs 270.66 crore worth of stocks on Monday and the Domestic Investors bought scrips worth Rs 309.45 crore.Bharti Airtel, Tech Mahindra and Axis Bank were the top gainers during the early trade. Index-heavyweights like TCS, Hindustan Unilever and Vedanta fell the most.Asian markets were trading on a mixed note amid concerns over the state of trade talks between US and China. The US markets closed slightly higher on Monday.

–IANSravi/in

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Turbulence in world politics hurting growth: Moody’s https://npnews24.com/2019/11/11/turbulence-in-world-politics-hurting-growth-moodys/ Mon, 11 Nov 2019 08:32:57 +0000 https://npnews24.com/2019/11/11/turbulence-in-world-politics-hurting-growth-moodys/ Moody's
Moody's

Mumbai, Nov 11 (IANS) Increasingly unfriendly global political environment with tensions between the US and China over trade, India and Pakistan over Kashmir, EU and the UK over Brexit are “growth-diminishing”, Moody’s said on Monday. The antagonistic political environment is weakening global and national institutions, lowering the shock-absorption capacity of sovereigns with high debt burdens […]

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Moody's
Moody's

Mumbai, Nov 11 (IANS) Increasingly unfriendly global political environment with tensions between the US and China over trade, India and Pakistan over Kashmir, EU and the UK over Brexit are “growth-diminishing”, Moody’s said on Monday.

The antagonistic political environment is weakening global and national institutions, lowering the shock-absorption capacity of sovereigns with high debt burdens and low fiscal buffers, it said.

“While the starkest example is clearly the trade war between the US and China, distracting and, in some cases, growth-diminishing tensions have also risen in the Gulf, between Japan (A1 stable) and Korea (Aa2 stable), India and Pakistan (B3 negative), the US and the EU, and the EU and the UK,” the ratings agency said.The slowdown, Moody’s said, partly reflects cyclical factors, partly structural drivers, including demographic trends.

But the adverse impact of the increasingly antagonistic global political environment, particularly on global trade and investment, has been pervasive and will likely remain so.”Overall, the global environment is becoming less predictable for the 142 sovereigns that we rate, encompassing $63.2 trillion in debt outstanding. Event risk is rising, raising the spectre of reversals in capital flows that would crystallise vulnerabilities facing the weakest sovereigns,” it said.

–IANSravi/adr/rtp

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Sensex flat ahead of key macro figures release https://npnews24.com/2019/11/11/sensex-flat-ahead-of-key-macro-figures-release/ Mon, 11 Nov 2019 05:17:13 +0000 https://npnews24.com/2019/11/11/sensex-flat-ahead-of-key-macro-figures-release/ Sensex
Sensex

Mumbai, Nov 11 (IANS) Sensex traded on a flat note ahead of the September industrial production and manufacturing output data, scheduled to be released on Monday.At 10.19 a.m., the Sensex was down 1.61 points at 40,322.00. It opened at 40,316.50 from its previous close of 40,323.61. Nifty was down 4.25 points at 11,903.90.Ashok Leyland fell […]

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Sensex
Sensex

Mumbai, Nov 11 (IANS) Sensex traded on a flat note ahead of the September industrial production and manufacturing output data, scheduled to be released on Monday.At 10.19 a.m., the Sensex was down 1.61 points at 40,322.00.

It opened at 40,316.50 from its previous close of 40,323.61. Nifty was down 4.25 points at 11,903.90.Ashok Leyland fell over 5 per cent on the BSE after it reported the second quarter earning results.The largest CV maker saw its profit fall by a massive 93 per cent in the September quarter from the corresponding quarter last year.

–IANSravi/rtp

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Sensex opens over 100 points higher, Yes Bank jumps 5% https://npnews24.com/2019/11/05/sensex-opens-over-100-points-higher-yes-bank-jumps-5/ Tue, 05 Nov 2019 04:47:11 +0000 https://npnews24.com/2019/11/05/sensex-opens-over-100-points-higher-yes-bank-jumps-5/ Sensex
Sensex

Mumbai, Nov 5 (IANS) Sensex and Nifty opened higher on Tuesday over firm global cues and slightly better than expected earning results so far.Meanwhile, Yes Bank shares jumped nearly 5 per cent after marquee investor Rakesh Jhunjhunwala picked up nearly 1.3 core shares of the private bank. Sensex opened at 40,445.67, from its Monday’s close […]

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Sensex
Sensex

Mumbai, Nov 5 (IANS) Sensex and Nifty opened higher on Tuesday over firm global cues and slightly better than expected earning results so far.Meanwhile, Yes Bank shares jumped nearly 5 per cent after marquee investor Rakesh Jhunjhunwala picked up nearly 1.3 core shares of the private bank.

Sensex opened at 40,445.67, from its Monday’s close of 40,301.96 while the Nifty opened at 11,974.60, slightly higher from its previous close of 11,941.30.Markets, however, turned choppy after opening in the green. At 9.39 a.m., the Sensex was up 20.59 points at 40,322.55.

The Nifty was up 4.40 points at 11,945.70.The Indian rupee opened at Rs 70.79 a US dollar from its previous close of Rs 70.76, which was the five week high owing to the positive cues.

–IANSravi/dpb

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Sensex hits life-time high, crosses 40,400 https://npnews24.com/2019/11/04/sensex-hits-life-time-high-crosses-40400/ Mon, 04 Nov 2019 04:32:12 +0000 https://npnews24.com/2019/11/04/sensex-hits-life-time-high-crosses-40400/

Mumbai, Nov 4 (IANS) The Indian equity markets opened on a firm note on Monday as the benchmark Sensex touched a fresh all time high of 40,434.83 during the early trade.Sensex jumped nearly 250 point, gaining for the seventh straight session over strong inflow of foreign funds and better than expected earnings post the corporate […]

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Mumbai, Nov 4 (IANS) The Indian equity markets opened on a firm note on Monday as the benchmark Sensex touched a fresh all time high of 40,434.83 during the early trade.Sensex jumped nearly 250 point, gaining for the seventh straight session over strong inflow of foreign funds and better than expected earnings post the corporate tax cut.

Global markets have also gained after both US and China indicated an early resolution.At 9.27 a.m., the Sensex was up 216.40 points or 0.54 per cent at 40,381.43 before it touched the intra-day high of 40,434.83.Nifty was also trading higher by 81.70 points at 11,972.30, slightly lower from its 52 week high of 12,103.05.

–IANSravi/in

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Sensex touches all-time high at 40,435 https://npnews24.com/2019/11/04/alert-sensex-touches-all-time-high-at-40435/ Mon, 04 Nov 2019 04:17:08 +0000 https://npnews24.com/2019/11/04/alert-sensex-touches-all-time-high-at-40435/

–Indo-Asian News Serviceravi/in

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–Indo-Asian News Serviceravi/in

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Ashok Leyland sold 9,857 units in October https://npnews24.com/2019/11/01/ashok-leyland-sold-9857-units-in-october/ Fri, 01 Nov 2019 09:17:11 +0000 https://npnews24.com/2019/11/01/ashok-leyland-sold-9857-units-in-october/ Ashok Leyland
Ashok Leyland

Chennai, Nov 1 (IANS) Commercial vehicle major Ashok Leyland Ltd on Friday said it had sold a total of 9,857 units in October.In a statement issued here the company said it had logged a total sales of 9,857 units last month down from 15,149 units sold in October 2018. While its truck sales declined, it […]

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Ashok Leyland
Ashok Leyland

Chennai, Nov 1 (IANS) Commercial vehicle major Ashok Leyland Ltd on Friday said it had sold a total of 9,857 units in October.In a statement issued here the company said it had logged a total sales of 9,857 units last month down from 15,149 units sold in October 2018.

While its truck sales declined, it was bus sales that showed growth for the company.

–IANSvj/rtp

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Maruti Suzuki clocks 4.5% hike in sales, signals recovery https://npnews24.com/2019/11/01/maruti-suzuki-clocks-4-5-hike-in-sales-signals-recovery/ Fri, 01 Nov 2019 08:32:10 +0000 https://npnews24.com/2019/11/01/maruti-suzuki-clocks-4-5-hike-in-sales-signals-recovery/ Maruti Suzuki
Maruti Suzuki

New Delhi, Nov 1 (IANS) Festive demand and sops announced by the government to help the crisis-hit auto sector helped the country’s largest carmaker Maruti Suzuki post positive growth in October, the first month in the current fiscal.The carmaker sold a total of 1,44,277 units (inclusive of OEM sales) during October, 2019 in the domestic […]

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Maruti Suzuki
Maruti Suzuki

New Delhi, Nov 1 (IANS) Festive demand and sops announced by the government to help the crisis-hit auto sector helped the country’s largest carmaker Maruti Suzuki post positive growth in October, the first month in the current fiscal.The carmaker sold a total of 1,44,277 units (inclusive of OEM sales) during October, 2019 in the domestic market recording a 4.5 per cent growth over the same month a year ago.

While it witnessed decline in sales of mini cars such as Alto and S-Presso, the compact segment including New WagonR, Celerio, Ignis, Swift, Baleno and Dzire posted a healthy growth of 16 per cent year-on-year.Total sales including exports increased by 4.5 per cent in October to 1,53,435 units.”Maruti Suzuki India Ltd sold a total of 1,53,435 units in October 2019.

This includes 1,41,550 units in the domestic market, 2,727 units of domestic OEM sales and 9,158 units of exports,” the company said in a press statement.Industry experts had expected the volume decline of automobile companies to be lower in the month of October due to heavy discount by carmakers, festive demand and measures announced by the government to boost the economy.

“We expect the auto sales cycle to witness a gradual recovery due to the confluence of factors such as increasing discounts, better rural sentiment, lower interest rates, higher government spending and a possible introduction of the scrappage policy,” brokerage firm Emkay had said.Automobile has been one of the worst-hit sectors and has been reporting negative growth month after month. It has witnessed closure of hundreds of retail outlets across the country and retrenchment across the supply chain in the last one year as manufacturers resorted to production cuts.

–IANSnk/sn/kr

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