News for 'Heavy Industries and Steel'

Sensex zooms 1,345 points; reclaims 54,000 mark

Sensex zooms 1,345 points; reclaims 54,000 mark

Rediff.com17 May 2022

Benchmark equity indices Sensex and Nifty on Tuesday spurted by over 2.5 per cent to log their best single-day gains in three months, propelled by heavy buying in metal, energy and banking stocks amid a global rally in stocks. The 30-share BSE benchmark zoomed 1,344.63 points or 2.54 per cent to settle at 54,318.47 points with all of its constituents closing with gains. During the day, it jumped 1,425.58 points or 2.69 per cent to 54,399.42. The broader NSE Nifty rallied 417 points or 2.63 per cent to finish at 16,259.30 points.

Markets end manic Monday in the red; Sensex tanks 1,546 points

Markets end manic Monday in the red; Sensex tanks 1,546 points

Rediff.com24 Jan 2022

Equity benchmark Sensex on Monday crashed about 1,546 points to sink below the 58,000-level due to across-the-board selloff tracking sluggish global markets. Besides, persistent foreign capital outflows continued to affect the market sentiment, traders said. Benchmark indices started the session on a weaker note and the selling intensified during afternoon trade, with almost all sectoral indices ending in the red. The 30-share BSE Sensex ended 1,545.67 points or 2.62 per cent lower at 57,491.51.

Why Vietnam Beckons

Why Vietnam Beckons

Rediff.com17 Nov 2015

'The success of the country's economic policies is affirmed by receipt of FDI of $15 billion last year, the highest in the Asia-Pacific after China and India, and well ahead of Indonesia, Australia, Singapore, Malaysia and Thailand,' notes Ambassador Talmiz Ahmad.

Sensex rallies 412 points in volatile trade

Sensex rallies 412 points in volatile trade

Rediff.com8 Apr 2022

The Sensex jumped 412.23 points on Friday, braving heavy volatility during the day, amid the Reserve Bank of India maintaining status quo on the benchmark lending rate and buying in index heavyweights Reliance Industries Limited and ITC. The BSE Sensex climbed 412.23 points or 0.70 per cent to settle at 59,447.18. During the day, the benchmark hit a high of 59,654.44 and a low 58,876.36. The Nifty also gained 144.80 points or 0.82 per cent to finish at 17,784.35.

Markets surrender early gains as metal stocks crack

Markets surrender early gains as metal stocks crack

Rediff.com23 May 2022

Equity indices frittered away a good start to close with modest losses on Monday, pressured by heavy selling in metal stocks after the government imposed export duties on steel-making raw materials to curb soaring prices. The 30-share BSE Sensex opened strong and gained momentum as the session progressed, but came under severe selling pressure in afternoon trade to close 37.78 points or 0.07 per cent lower at 54,288.61. On similar lines, the broader NSE Nifty slipped 51.45 points or 0.32 per cent to end at 16,214.70.

Sensex, Nifty trim gains to close almost flat in choppy trade

Sensex, Nifty trim gains to close almost flat in choppy trade

Rediff.com24 Jan 2023

Benchmark Sensex trimmed early gains to close marginally higher while Nifty settled flat in choppy trade on Tuesday as gains in auto shares were offset by selling pressure in banking and energy shares. The 30-share BSE barometer closed marginally up by 37.08 points or 0.06 per cent to 60,978.75 with 15 of its stocks ending in green and the rest in red. The index opened higher and gained over 300 points to a high of 61,266.06 in early trade.

'It's insane the kind of love I got'

'It's insane the kind of love I got'

Rediff.com28 Dec 2023

'Any flight I take, the crew write personal notes to me, saying how good I was as Soudamini or Seema or Bulbul.'

Portfolios announced: Rajnath gets Home, Sushma MEA, Gadkari transport

Portfolios announced: Rajnath gets Home, Sushma MEA, Gadkari transport

Rediff.com27 May 2014

The Rashtrapati Bhavan has come out with a communiqu announcing distribution of portfolios of the ministers sworn-in on Monday in Prime Minister Narendra Modi's council of ministers:

Field testing started for fuel-agnostic engines

Field testing started for fuel-agnostic engines

Rediff.com19 Jan 2023

Cummins India will soon start producing fuel-agnostic engine systems at the Tata-Cummins plant in Phaltan in Satara district of Maharashtra, senior officials at Cummins India said. The firm will start limited production by the end of 2023 and mass production will likely begin by 2024, the officials said.

Sensex rallies 534 pts led by gains in index heavyweights

Sensex rallies 534 pts led by gains in index heavyweights

Rediff.com4 Oct 2021

NTPC was the top gainer in the Sensex pack, rising around 4 per cent, followed by Bajaj Finserv, SBI, Bajaj Finance, Tech Mahindra, Dr Reddy's and Tata Steel.

Sensex, Nifty rebound sharply after 4-day rout

Sensex, Nifty rebound sharply after 4-day rout

Rediff.com8 Mar 2022

From the 30-share pack, Sun Pharma, TCS, Tech Mahindra, NTPC, Wipro, UltraTech Cement, Dr Reddy's Laboratories and Infosys were the major gainers, jumping up to 3.99 per cent. In contrast, Tata Steel, Nestle, Titan Company, PowerGrid, Reliance Industries Limited and State Bank of India were among the laggards.

Markets zoom nearly 2%; Sensex jumps 1,181 points at close

Markets zoom nearly 2%; Sensex jumps 1,181 points at close

Rediff.com11 Nov 2022

Equity benchmarks Sensex and Nifty on Friday spurted by nearly 2 per cent, propelled by heavy buying in IT, metal and financial stocks amid a rally in global markets after lower-than-expected US inflation data. A strong rupee against the US dollar and unabated foreign capital inflows further bolstered sentiment, traders said. Easing US inflation triggered speculation that the US Federal Reserve might slow down the pace of interest rate hikes.

Markets in freefall after US Fed's rate hike, Sensex down by 1046 pts

Markets in freefall after US Fed's rate hike, Sensex down by 1046 pts

Rediff.com16 Jun 2022

Equity indices faced a heavy drubbing on Thursday after an initial rally, with Sensex tanking 1,045.60 points amid a largely bearish trend overseas after the US Federal Reserve hiked rates by 75 basis points.

Wipro, RIL, Airtel drag Sensex by 388 points

Wipro, RIL, Airtel drag Sensex by 388 points

Rediff.com12 Apr 2022

BSE benchmark Sensex plummeted over 388 points to close at 58,576.37 on Tuesday, tracking weakness in index majors Wipro, RIL and Bharti Airtel amid a weak trend in global markets. Investors also remained cautious ahead of crucial macroeconomic data announcements -- industrial production for February and inflation rate for March -- post trading hours. The Sensex declined 388.20 points or 0.66 per cent to settle at 58,576.37. During the day, the benchmark tanked 666 points or 1.12 per cent to 58,298.57.

Markets slip into the red; metal, pharma weigh heavy

Markets slip into the red; metal, pharma weigh heavy

Rediff.com20 Jul 2017

The mid-cap index fell while small-cap advanced.

Sensex extends losses; RIL tumbles post Q4 show

Sensex extends losses; RIL tumbles post Q4 show

Rediff.com9 May 2022

Equity benchmarks began the week on a downbeat note on Monday, weighed by heavy selling in market heavyweight Reliance Industries and persisting weakness in global bourses. The rupee plunged to its lifetime low against the US dollar amid unabated foreign fund outflows, underscoring the risk-off sentiment prevailing globally as central banks embark on policy tightening to tame soaring inflation. Slipping for the second straight session, the 30-share BSE Sensex shed 364.91 points or 0.67 per cent to close at 54,470.67.

Govt to consider all views on gas price hike: FM

Govt to consider all views on gas price hike: FM

Rediff.com13 Jun 2013

The Oil Ministry has proposed raising natural gas prices by at least 60 per cent, a move that will result in rise in urea as well as power costs.

Sensex rallies over 300 points to hit fresh peak

Sensex rallies over 300 points to hit fresh peak

Rediff.com17 Nov 2020

Tata Steel was the top gainer among the Sensex constituents, surging around 6 per cent, followed by SBI, HDFC Bank, Bajaj Finance, Axis Bank, LT, Maruti, IndusInd Bank and HDFC. NSE Nifty touched a fresh intra-day high of 12,934.05.

Sensex plunges 600 pts; Nifty cracks below 11,750

Sensex plunges 600 pts; Nifty cracks below 11,750

Rediff.com28 Oct 2020

IndusInd Bank was the top loser in the Sensex pack, shedding over 3 per cent, followed by HDFC, ICICI Bank, Tech Mahindra, Bajaj Finance, UltraTech Cement and Tata Steel. On the other hand, Bharti Airtel was the top gainer, rallying more than 4 per cent.

When will Modi shuffle his ministers?

When will Modi shuffle his ministers?

Rediff.com30 Jul 2020

Far more important than governance is to ensure how different states get necessary representation a'The pressure to expand the council of ministers will come from states where the BJP has formed a government after ousting the Congress,' predicts A K Bhattacharya.

Meet the new faces in team Modi 2.0

Meet the new faces in team Modi 2.0

Rediff.com6 Jul 2016

Full list of the rejigged Union Council of Ministers

Is Adani a Modi Crony?

Is Adani a Modi Crony?

Rediff.com11 Apr 2023

This State-corporate 'cooperation' didn't begin with the arrival of the Modi government.
Many of the big licences, contracts, and even environmental clearances for the Adani group had come in the UPA's time, points out Shekhar Gupta.

Banking, IT counters help Sensex zoom 936 points

Banking, IT counters help Sensex zoom 936 points

Rediff.com14 Mar 2022

Equity benchmark Sensex rallied 936 points on Monday, helped by heavy buying in banking and IT counters along with decline in oil prices amid hopes of headway in renewed diplomatic talks between Russia and Ukraine. A fresh round of talks is expected on Monday between Ukrainian and Russian officials. Rising for the fifth straight session, the BSE Sensex jumped 935.72 points or 1.68 per cent to settle at 56,486.02.

Investors' wealth jumps over Rs 2.51 lakh cr as stocks rebound

Investors' wealth jumps over Rs 2.51 lakh cr as stocks rebound

Rediff.com8 Mar 2022

Investors' wealth on Tuesday jumped by over Rs 2.51 lakh crore, in tandem with a sharp recovery in equities after four days of heavy declines. The 30-share BSE Sensex opened on a weak note and tumbled 581.93 points or 1.10 per cent to 52,260.82 during the day amid firming oil prices and relentless selling by foreign institutional investors. Amid bouts of volatility, the benchmark touched a high of 53,484.26 and a low of 52,260.82 during the trade. It finally settled at 53,424.09, higher by 581.34 points or 1.10 per cent.

Sensex tanks 552 pts on second COVID wave fears

Sensex tanks 552 pts on second COVID wave fears

Rediff.com15 Jun 2020

IndusInd Bank was the top laggard in the Sensex pack, tanking around 7 per cent, followed by Axis Bank, Bajaj Finance, ICICI Bank, NTPC, Tata Steel, ITC and HDFC Bank. On the other hand, Reliance Industries, HCL Tech, Sun Pharma and ONGC were among the gainers.

Heavy selling on realty, IT, FMCG, banking counters; Sensex closes down 241 points

Heavy selling on realty, IT, FMCG, banking counters; Sensex closes down 241 points

Rediff.com12 Feb 2019

Top losers include Hero MotoCorp, HDFC, SBI, Infosys, HCL Tech, ICICI Bank, Bajaj Finance, ONGC, Bajaj Auto and IndusInd Bank, falling up to 2.63 per cent.

Tata Motors rolls out India's first CNG-powered truck in M&HCV segment

Tata Motors rolls out India's first CNG-powered truck in M&HCV segment

Rediff.com6 Sep 2022

Tata Motors on Monday launched the country's first CNG truck in the medium and heavy commercial (M&HCV) vehicle segment in the 28- and 19-tonne nodes. Most truck makers, including Tata Motors, currently offer CNG only in the small and light commercial vehicle segments. The company also launched a fleet of seven trucks in the intermediary and light commercial vehicle (I&LCV) segment, meant for varied applications.

Sensex plunges 634 points; Nifty cracks below 11,350

Sensex plunges 634 points; Nifty cracks below 11,350

Rediff.com4 Sep 2020

Axis Bank was the top loser in the Sensex pack, shedding over 4 per cent, followed by Tata Steel, SBI, NTPC, Bharti Airtel, ITC and ICICI Bank.

Sensex snaps 5-day rally, ends down 652 points

Sensex snaps 5-day rally, ends down 652 points

Rediff.com19 Aug 2022

BSE benchmark Sensex nursed losses on Friday as investors pocketed gains after a five-session winning streak amid a bearish trend overseas. A depreciating rupee and foreign fund outflows further soured risk sentiment, traders said. The 30-share gauge, which had started the trade on a firm note, soon gave up all the gains and finally ended 651.85 points or 1.08 per cent lower at 59,646.15. The broader NSE Nifty snapped its eight-day rally to close at 17,758.45, down 198.05 points or 1.10 per cent.

India Inc expects better services post rail fare hike

India Inc expects better services post rail fare hike

Rediff.com21 Jun 2014

India Inc on Friday said the hike in railway passenger and freight fares will help in resource mobilisation, hoping that the higher fares will lead to better quality and safety of services offered by the Indian Railways, while asking the government to allow FDI in Railways.

Govt to skill 40.2 crore people by 2022

Govt to skill 40.2 crore people by 2022

Rediff.com10 Jul 2015

The Prime Minister will formally launch the Rashtriya Kaushal Vikas Yojana and the National Skills Mission on July 15

Will HPCL, too, get the coveted Maharatna status?

Will HPCL, too, get the coveted Maharatna status?

Rediff.com11 Mar 2019

If cleared, the ONGC arm will become the first subsidiary company of an existing Maharatna to get into this superior league among government-owned entities.

Sensex halts 3-day decline, rebounds over 500 pts amid F&O expiry

Sensex halts 3-day decline, rebounds over 500 pts amid F&O expiry

Rediff.com26 May 2022

Equity benchmarks mustered gains for the first time this week on Thursday as investors piled into the recently-battered metal, bank and IT stocks amid expiry of monthly derivative contracts. Snapping its three-session losing streak, the 30-share BSE Sensex rallied 503.27 points or 0.94 per cent to settle at 54,252.53. On similar lines, the broader NSE Nifty gained 144.35 points or 0.90 per cent to end at 16,170.15.

Key sectors recovered significantly in July: Assocham

Key sectors recovered significantly in July: Assocham

Rediff.com7 Sep 2020

"Within the broader index of industrial production, manufacturing has the largest of the weight. Having fallen off the cliff by 40.7 per cent during the April-June quarter, it is likely to witness a rebound when July IIP data is released. However, turnaround to positive growth trajectory could be some time away," Assocham said.

Sensex sinks 540 pts as Amazon-RIL clash spooks investors

Sensex sinks 540 pts as Amazon-RIL clash spooks investors

Rediff.com26 Oct 2020

Bajaj Auto was the top laggard in the Sensex pack, tumbling around 6 per cent, followed by M&M, Reliance Industries (RIL), Tata Steel, Tech Mahindra, SBI, Axis Bank and ICICI Bank. NSE Nifty tumbled 162.60 points or 1.36 per cent to 11,767.75.

China keen to boost 'Make in India'

China keen to boost 'Make in India'

Rediff.com16 Feb 2016

China and India have become the two strongest driving forces for the world's economic growth.

Sensex tanks 394 pts on global selloff; Nifty below 11,350

Sensex tanks 394 pts on global selloff; Nifty below 11,350

Rediff.com20 Aug 2020

HDFC was the top loser in the Sensex pack, shedding over 2 per cent, followed by Axis Bank, Bharti Airtel, M&M, Reliance Industries, ICICI Bank, IndusInd Bank and Titan.

Sensex ends 113 points higher; RIL rallies 3.52%

Sensex ends 113 points higher; RIL rallies 3.52%

Rediff.com4 Feb 2019

Other gainers include ONGC, Bajaj Auto, Kotak Bank, TCS, Tata Steel, Axis Bank, Maruti, HDFC and HUL, surging up to 3.03 per cent.

Losses in index majors drag Sensex by 678 points

Losses in index majors drag Sensex by 678 points

Rediff.com29 Oct 2021

Tech Mahindra was the top loser in the Sensex pack, shedding over 3 per cent, followed by NTPC, IndusInd Bank, Kotak Bank and Reliance Industries. NSE Nifty fell 185.60 points to 17,671.65.

Jobs still elude Goans

Jobs still elude Goans

Rediff.com6 Feb 2017

The Goa Investment Promotion and Facilitation Board, the BJP's brainchild, has been able to create only 1,500 jobs