Sensex rises marginally in Muhurat trading
Posted on 25th October 2014 |
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| MUMBAI: At any gathering of brokers, analysts and investors, a major part of the conversation currently revolves around the new government and its policies. Thursday evening's Muhurat trading session at P J Towers, the headquarters of BSE in south Mumbai, which saw the sensex closing 64 points higher at 26,851, was no different. Top brokers and independent money managers shared their views on almost every decision of the Narendra Modi government and its impact on the market, and there were enough number of willing listeners as the one-and-half-hour long special trading session continued at the exchange's Convention Hall. During the session, which was to mark the start of Samvat Year 2071 — the New Year for the trading community on Dalal Street dominated by the Gujaratis — the sensex's gains were backed mainly by index heavyweights like Reliance Industries, TCS and ITC. Nifty closed 19 points higher at 8,015. Usually, the indices close higher after the Muhurat session as traders do not sell shares during this session that is preceded by a puja of Goddess Lakshmi, who symbolizes wealth and prosperity. The day's session at BSE started with felicitation of some of the top brokers on the exchange during the past one year, and then the opening bell ringing ceremony. This year, Bollywood actor Kajal Aggarwal, of "Singham" fame, rang the opening bell. In Samvat 2070, the sensex had gained 26%. There was a bullish undertone in what the brokers, money managers and analysts had to say as they have huge expectations from the Modi government. However, there were some notes of caution as well. |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale
Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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