Sensex rises, Nifty ends at record high; RIL shares rally.
Low fuel prices to help oil marketing and refining sectors but upstream players will stay under pressure.
Metal stocks were trading under pressure while IT, auto, realty stocks gained in today's deals
Is Salman Khan trying to jump on the desh bhakti bandwagon that Akshay Kumar is making a career of?
Sebi might come out with a regulatory framework for issuance of 'green' bonds
Talking corporate heads are a barometer of the business community's engagement with the economy. If they have nothing to say now there should be cause for concern.
'Mere fundamentals will not do the trick,' cautions former commerce secretary Rahul Khullar.
With the increased death rate in the ongoing second wave of Covid-19, domestic cement companies are in no better condition than they were in the April-June quarter of FY21 when the country faced nationwide lockdown. "This wave has had high death rate which has impacted the business. "We are in no better situation than last (year) April. "Deaths of drivers, dealers, contractors and also employees have hit the industry really very hard since April (FY22)," M Ravinder Reddy, director of Bharathi Cements said.
HSBC maintained "overweight" rating on Indian equities, saying "fundamentals are strong".
The 30-share Sensex ended up 142 points at 29,462 and the 50-share Nifty gained 26 points to end at 8,895.
It was 55.3 per cent for the same period last year, and data shows the fiscal deficit for April-May was kept in reasonable check in spite of heavy frontloading of expenditure.
An exercise to rationalise coal linkages which will optimize transport of coal and reduce cost of power is underway.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
At a virtual press conference to launch the report, Inger Anderson, Executive Director, United Nations Environment Programme, said, "Climate change is here and now. No one is safe. Despite warnings from so many years, the world did not listen. We need to act now. Reducing greenhouse gas emissions will not only limit climate change but also reduce air pollution."
More, many market gurus expect the Sensex to reach 30,000 levels by December and 40,000-45,000 in three to four years.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Electricity generation has outperformed the industrial production index for five months in a row this financial year, even as the broader economy is struggling to grow.
The main losers on the Sensex were Tata Steel, Hero Moto, BHEL, ONGC & Maruti Suzuki.
Midcap stocks continued to remain on buyers' radar with BSE Midcap index up 0.1%.
In 2006-07, TCS had employed 7,000 people in the eastern states.
The Narendra Modi-led government has issued around 50 fresh guidelines easing conditions for industry in about six months, beside launching an online system for applying environment clearances.
As power generation across northern and western India bore the brunt of the coal scarcity, spot prices at IEX rose to Rs 10.8 a unit during August 25-27, compared with Rs 8.7 a unit on August 22.
India's state-run NTPC is launching bids for clean technology for two coal-fired power plants near New Delhi, officials said, as criticism mounts over the country's failure to end a toxic smog which strikes the capital every winter.
The 30-share Sensex ended 271 points higher to end at 28,930 and the 50-share Nifty climbed 76 points to close at 8,776.
'An internationally established price of crude will encourage more players to invest in India, leading to enhanced domestic production which can be made available to domestic refineries,' recommends Anil Agarwal whose company Vedanta Resources has a controlling stake in Cairn India that operates the country's biggest onland oilfield in Barmer, Rajasthan.
Bombay Stock Exchange Sensex closed 30 points lower at 21,140 levels.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The 30-share Sensex ended down by 59 points at 27,027 and the 50-share Nifty slipped 7 points at 8,087.
Oil subsidies to fall 44% in FY15.
The 30-share Sensex ended up 12 points at 28,517 while the 50-share Nifty ended nearly unchanged at 8,660.
"This is a big scam. The country is being looted. Please allow us to speak," Congress leader in Lok Sabha Adhir Ranjan Chowdhury said.
To check fiscal deficit, government needs to drastically cut Plan expenditure.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
With the government looking to divest loss-making steel assets, significant interest from secondary players is most likely this time apart from the anticipated list of large integrated primary steel producers, said industry experts. Rashtriya Ispat Nigam Limited (RINL), Neelachal Ispat Nigam Ltd (NINL), NMDC Integrated Steel Plant (NISP)-Nagarnar, Ferro Scrap Nigam Ltd and three units of Steel Authority of India (SAIL) - Alloy Steels Plant, Durgapur; Visvesvaraya Iron and Steel Plant, Bhadravati; and Salem Steel Plant, Salem - constitute the divestment list. All the three units of SAIL have been loss-making for more than five years.
'Considering that an Internet company's market value is largely determined by its direct access to consumers for digital services, and largely served outside a sovereign country's control, it would appear reasonable in trade terms to discuss fees for a seat at the proverbial 'table' of opportunities in the largest open consumer market,' argues Venki Nishtala.
To a lay observer, therefore, India today presents two conflicting realities.
In Budget 2015, the finance minister has opted to take the slow road and has doubled the cess on coal to "balance the need to tax pollution and the price of power" in his words.
What we want from spectrum allocation is access to broadband networks at prices that will result in productivity gains.
Markets snapped two-day losing streak and ended flat with a positive bias on Tuesday as gains in auto shares helped offset losses in IT majors.
The Sensex closed down 308 points at 24,894 and the Nifty has lost 96 points at 7,559.
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