From the Sensex pack, State Bank of India, ICICI Bank, IndusInd Bank, Axis Bank, Kotak Mahindra Bank, HDFC Bank, Reliance Industries were among the major laggards. Bucking the trend, auto stocks Tata Motors and Mahindra & Mahindra closed with gains.
The visit by an official delegation from Kerala to the Bharatiya Janata Party-ruled Gujarat has come under criticism from opposition Congress and Muslim League in Kerala.
Equity markets will be driven by the outcome of the US Federal Reserve's interest rate decision this week, analysts said. Moreover, equity benchmarks will also continue to be guided by foreign fund movement and trend in Brent crude oil, they added. "The global markets are looking nervous after the US inflation numbers, which have caused the dollar index to hover around 110," said Santosh Meena, head of research, Swastika Investmart Ltd. Now everyone is eyeing the outcome of the upcoming US Federal Open Market Committee (FOMC) meeting.
Pence, in response to a question from Chambers, who is also the USISPF chairman, said that he truly believes that the relationship between the US and India, because much of the work that the corporate sector have done, and the work of President Donald Trump and Prime Minister Narendra Modi, has never been stronger.
Pence and Trump will challenge Democratic Patry's presidential candidate Joe Biden and his running mate Indian-origin Senator Kamala Harris in the November election.
By the middle of the first half, there were pacey crosses in either direction, with robust challenges also coming into the fray which would result in three yellow cards before the half-time whistle.
'And a majority will be in the top-end vehicle range.'
A likely turnaround in profitability margins in the March quarter (Q4FY23) will not be enough to lift the outlook for paint stocks due to volatile crude oil prices and rising competition in the sector, analysts say. Hence, they advise investors to avoid the sector over the short-to-medium term despite the heavy correction in the stocks since last year. Shares of Asian Paints, Berger Paints, Indigo Paints, Nerolac and Pidilite have shed 6-32 per cent over the last 6 months versus a 3 per cent rise in the benchmark Sensex.
Obama, the first Black American president, said Harris "is more than prepared for the job," adding that it is, "a good day for our country".
The Act deals with automatic disqualification of MPs and state legislators upon being convicted and sentenced for two years or more in a criminal case.
Shripad Naik said that the incident was a mistake and that Ram Madhav had apologised.
President Ram Nath Kovind along with First Lady Savita Kovind, Vice President Venkaiah Naidu and other leaders joined the fellow citizens on Sunday to express their gratitude towards all those who are safeguarding the health of the nation in wake of the coronavirus outbreak.
Equity indices staged a pullback on Tuesday after three days of declines as investors scooped up IT, metal and consumption stocks amid a largely positive trend overseas. A recovery in the rupee added to the momentum, traders said. Overcoming a wobbly start, the 30-share BSE Sensex climbed 274.12 points or 0.45 per cent to settle at 61,418.96.
Rajya Sabha Chairperson Jagdeep Dhankhar sought views of leaders of various political parties on ways to curb disruptions in the House at a meeting held on Sunday on the eve of the start of the second phase of the Budget session.
N R Narayana Murthy, co-founder of Infosys, blamed the venture capitalist community for inculcating a culture among entrepreneurs to chase growth at all costs. He said the VC model of investment looked like a ponzi scheme. "I would hold venture capitalists responsible who propounded the theory that only the top-line is important and not the bottom-line. "I think that is completely wrong. In many ways it looks like a ponzi scheme.
Army chief visits LoC. VP meets his successor. PM meets baddy legend. Kapil Dev breaks another record. CWG Champs come home...It's all about People, folks!
Rediff reader Hitesh Kumar Jha from Akola reveals how his first salary changed his life.
Equity benchmarks shrugged off lacklustre global cues to clock smart gains on Tuesday, buoyed by strong buying interest in index heavyweights Reliance Industries and HDFC twins. However, a depreciating rupee and unabated foreign fund outflows capped the gains, traders said. The 30-share BSE Sensex rallied 562.75 points or 0.94 per cent to settle at 60,655.72.
Rediff readers tell us about their first jobs and salaries.
Adheeb was not allowed to enter India since he did not possess valid documents.
A part of the land, measuring 532 square metres, was rented out to a transport company and he used the rest of it as an approach road to enter a transport godown, Superintendent of Police Akash Tomar said.
Rediff readers tell us what their first salaries meant to them.
Benchmark stock indices Sensex and Nifty closed higher for a second straight session on Monday following buying in index majors Reliance Industries, ICICI Bank and recovery in global markets.
Social media giant Meta on Thursday said its India head Ajit Mohan has resigned from the company.
The rupee depreciated by 37 paise to close at 79.62 against the US dollar on Thursday despite sustained foreign capital inflows and a positive trend in equities. At the interbank foreign exchange market, the local currency opened at 79.22 and saw an intra-day high of 79.22 and a low of 79.94 against the American currency. It finally ended at 79.62, down 37 paise over its previous close of 79.25.
Market capitalisation of BSE-listed companies jumped to an all-time high of over Rs 280 lakh crore on Monday as benchmark indices bounced back after taking a breather in the previous trade. The 30-share BSE benchmark gained 85.88 points or 0.14 per cent to settle at 61,308.91. During the day, it jumped 162.45 points to 61,385.48.
The rupee on Wednesday declined by 16 paise to close at its fresh lifetime low of 77.60 against the US dollar amid unabated foreign fund outflows and a stronger greenback in overseas markets. At the interbank foreign exchange market, the rupee opened lower at 77.57 and later hit the day's low of 77.61 as the dollar rebounded in global markets following hawkish comments from US Federal Reserve chief Jerome Powell. Crude oil prices also surged over 1 per cent, which weighed on the rupee.
Trading in the domestic stock market would be influenced by trends in the global equities, macroeconomic data and foreign fund movement in a holiday-shortened week, analysts said. Markets may face volatile trends on Monday after Federal Reserve Chair Jerome Powell's speech at the Fed's annual economic symposium in Jackson Hole on Friday.
The market capitalisation of BSE-listed firms reached an all-time high of Rs 288.50 lakh crore on Wednesday amid an ongoing rally in equities, as the benchmark Sensex settled above 63,000-level for the first time ever. The 30-share BSE barometer climbed 417.81 points or 0.67 per cent to settle at 63,099.65, its fresh record closing high. During the day, the benchmark jumped 621.17 points or 0.99 per cent to 63,303.01, its lifetime intra-day peak. Extending its winning momentum to seventh day, the Sensex has rallied 1,954.81 points or 3.19 per cent during this time.
Never a leader with a big base of his own, Sharad Yadav depended on state bigwigs like Lalu and Nitish to enter Parliament but enjoyed the aura and political weight which made him a strong presence at the high table of national politics in Delhi.
The rupee weakened by 14 paise to close at a new lifetime low of 79.59 against the US dollar on Tuesday as a strong greenback overseas and persistent foreign fund outflows continued to weigh on investor sentiment. This comes a day after the RBI announced measures for international trade settlement in rupees. At the interbank forex market, the local unit opened weak at 79.55 against the greenback and witnessed an intra-day high of 79.53 and a low of 79.66.
Bihar is no stranger to being at the centre of a tectonic shift in national politics fuelled by turbulent regional forces.
The domestic stock market may face volatility amid the monthly derivatives expiry scheduled this week, while investors would mainly await the outcome of RBI's interest rate decision on Friday, said analysts. Global market movement would also continue to drive sentiment amid a bearish trend recently following rate hikes by the US Federal Reserve and other central banks. The Reserve Bank of India (RBI) may take cues from its global counterparts to raise interest rate for the fourth time in a row to control inflation.
BSP VP Jai Prakash Singh Rahul Gandhi will not succeed in Indian politics because his mother was a foreigner.
At the half-hour mark, East Bengal appealed for a penalty, but a freekick was awarded at the edge of the box instead. Silva's strike from the set piece was punched clear by junior World Cupper Dheeraj Moirangthem.
Stock markets are expected to see volatility this week due to potential risk from Omicron variant and monthly derivatives expiry, say analysts. "Markets will continue to see volatility and whipsaw-like movements as they respond to Omicron-related development and the monthly expiry," said Yesha Shah, head of equity research, Samco Securities. Ajit Mishra, VP - Research, Religare Broking Ltd said, "Markets are closely eyeing the COVID situation and any positive news could only help the index to make any sustainable up move else volatility will continue."
Adheeb had reached India on Thursday via sea route but was denied entry as he did not possess any valid document.
The government on Friday proposed hiking the securities transaction tax on Futures & Options (F&O) contracts, a move that will increase the trading costs in the derivatives segment as well as help in curbing excessive trades. In the Finance Bill 2023, passed by the Lok Sabha on Friday, the Securities Transaction Tax (STT) on options is proposed to be increased to 0.0625 per cent from 0.05 per cent and on futures contracts to 0.0125 from 0.01 per cent. Analysts opined that higher STT will shore up the government's revenues to some extent and also discourage excessive trading since a large number of retail traders are losing money in the segment.
The inflation data for May and the US Fed interest rate decision are the crucial factors that would dictate terms in the equity market this week, analysts said. Moreover, foreign fund trading activity, movement of rupee and crude oil prices would be the other key monitarables for the markets, they added. "All eyes will be on the US FOMC (Federal Open Market Committee) decision scheduled on June 15, and the market is fearing aggressive rate hikes amid inflation monster. "Bank of Japan will also announce its credit policy on June 17.
Under the provision of the Constitution, bills passed by the Lok Sabha during the course of its five year term and pending in the Rajya Sabha get lapsed with the dissolution of the House of the People. Separately, any bill introduced in the Rajya Sabha remained a property of the House irrespective of the fate of Lok Sabha.
