Reliance Infocomm on Tuesday joined hands with national carrier Indian Airlines to offer mobile booking to its customers for domestic tickets at a monthly cost of Rs 25 or a day pass of Rs 3.
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy. Here are his replies to some of the 'buy, sell, hold, avoid or exit?' e-mails that we have received.
Top gainers include Yes Bank, HUL, Vedanta, NTPC, Bharti Airtel, Adani Ports, PowerGrid and Tata Motors, rising up to 5 per cent.
The dollar's preliminary moves after the low 80.90 are supportive of a like dollar rally back to 85.50. We should see confirmation of that in the early part of next week, says Sonali Ranade
A weak dollar in overseas markets also strengthened the rupee sentiment
The NSE Nifty ended 89.40 points, or 0.83 per cent, lower at 10,710.45.
The domestic currency had last ended at 64.17 per dollar.
The rupee recovered from initial losses against the American currency and was quoted higher by 6 paise to 62.00 on fresh selling of dollars by banks and exporters in view of strong foreign capital inflows into equity market.
The local currency had surged 18 paise to 63.64 in Thursday's trade.
In the global markets, the US dollar traded lower in early trade after former US Treasury Secretary Larry Summers withdrew himself from the race to be the next Federal Reserve chairman.
Rupee hits more than two-year low; RBI intervenes
Petrol price has been cut by 58 paise a litre and diesel by 25 paise with effect from midnight tonight.
The fall was led by L&T, IndusInd Bank, PowerGrid, NTPC, TCS, ICICI Bank, Axis Bank, Hero MotoCorp, Bharti Airtel and SBI, declining up to 2.64 per cent.
After a robust Q4 FY14, thanks to election spends on advertising across platforms, media entities might see slightly lower ad revenue growth at 12 to 14 per cent.
Rupee gains for 4th day against dollar, up 17 paise on Fed stance.
Rupee ends flat against dollar ahead of Fed policy outcome.
On Monday, the rupee gained 16 paise.
Foreign investors have bought around $2.4 billion in both debt and equity so far in October, pushing the total inflows to nearly $36 billion so far in the year.
The rupee bounced back by four paise to close at 65.27 per dollar on fresh selling of the American currency by banks.
The rupee had closed with a gain of 12 paise on Friday.
The rupee hovered in a narrow range of 62.20 and 62.28
The Standard Chartered Bank has struck an on-shore foreign currency option transaction with Reliance Industries Ltd for $30 million, allowing RIL to hedge its dollar exposure.
The year 2015 is likely to see lower rates to support growth and the Reserve Bank is expected to cut key policy rates by 0.25 per cent in February's monetary policy review meet, says a Bank of America Merrill Lynch report.
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In New York market, the dollar lost ground against most major rivals on last Friday amid mixed US data on industrial production and consumer sentiment.
Rupee fell to its 9-month low of 62.03 against the dollar.
The rupee had gained 28 paise against the American currency to settle at nearly two-month high at 66.74 in Monday's trade.
The industry employs about 10 million workforce.
Weakness of the dollar against other currencies overseas gave the rupee more muscle.
A strong dollar overseas and some hesitancy in local stocks, however, limited the rupee rise.
Rupee is seen to remain in the range of 67.50-68.80 in the short-term
India Test skipper Virat Kohli was among the few cricketers who received a higher actual salary according to the salary details of the retained Indian Premier League players listed by the Board of Control for Cricket in India on Friday.
In New York market, the dollar fell further against the euro yesterday after minutes from the Federal Reserve's March meeting detailed risks that could keep interest rates depressed even after the first rate hike.
'If such inflows materialise, what will be the effect on the rupee's value -- and therefore on exports growth, the only sustainable path to recovery?', asks Mihir S Sharma.
The rupee had plummeted to over three-month low of 63.32.
Rupee rises by 16 paise against dollar on fresh selling.
Petrol price will go up by Rs 3.18 per litre, diesel by Rs 3.09.
Expectations are that the government will use the Union Budget to create an environment, which is conducive for growth.
Be it for the organisation they work for, or for their own venture, if they believe in an idea, they work relentlessly towards it.
The domestic currency had lost 10 paise to close at 59.03 against the dollar in Thursday's trade amid capital outflows linked to fall in equities.
