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Markets in green during afternoon session tracking global gains

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The key Indian equity indices traded higher on Friday afternoon following broadly positive cues from the global equity markets and healthy buying in the metal, oil and gas and banking stocks.
 
According to market analysts, caution ahead of the assembly elections in Karnataka restricted further gains on the indices.
 
At 12.49 p.m., the wider Nifty50 of the National Stock Exchange (NSE) traded at 10,757.50 points, up 40.95 points or 0.38 per cent from the previous close of 10,716.55 points.
 
Similarly, the barometer 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 35,287.99 points, traded at 35,366.74 points (12.50 p.m.) - up 120.47 points or 0.34 per cent -- from its previous session's close of 35,246.27 points.
 
The Sensex has so far touched a high of 35,389.40 and a low of 35,262.06 points.
 
However, the BSE market breadth was tilted towards the bears with 1,306 declines and 1,112 advances.
 
"Sensex and Nifty50 traded higher on Friday, tracking gains in global equities. Asian shares rallied after US inflation was seen reducing pressure on the US Federal Reserve to hike rates at the quick intervals," said Dhruv Desai, Director and Chief Operating Officer, Tradebulls.
 
So far, the major gainers on the BSE were Asian Paints, Tata Steel, ICICI Bank, Kotak Mahindra Bank and HDFC while Bharti Airtel, Sun Pharma, Tata Motors (DVR), Hero MotoCorp and Bajaj Auto were the major losers.
 
On the NSE, the top gainers were Asian Paints, Hindustan Petroleum and Indiabulls Housing Finance. The major losers were Bharti Airtel, Sun Pharma and Bharti Infratel. 
 
IANS
 
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Markets open in green on firm global cues

The key Indian equity indices opened in positive territory on Friday tracking gains in the global equity markets.
 
At 9.18 a.m., the wider Nifty50 of the National Stock Exchange (NSE) traded at 10,758.50 points, up 41.95 points or 0.39 per cent from the previous close of 10,716.55 points.
 
Similarly, the barometer 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 35,287.99 points, traded at 35,369.90 points (9.18 a.m.) - up 123.63 points or 0.35 per cent -- from its previous session's close of 35,246.27 points.
 
The Sensex has so far touched a high of 35,379.26 and a low of 35,281.58 points.
 
The BSE market breadth was tilted towards the bulls with 679 advances and 522 declines.
 
IANS
 
 
 
 
 
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Complaints against 193 advertisements in February upheld: ad watchdog

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The Advertising Standards Council of India (ASCI) on Thursday said its Consumer Complaints Council (CCC) has upheld complaints against 193 advertisements out of 290 in February for mainly "gross exaggeration of product efficacy" and violation of acts and rules.
 
"In February 2018, ASCI's Consumer Complaints Council (CCC) upheld complaints against 193 advertisements out of the total of 290 advertisements that were evaluated by the CCC.
 
"A total of 187 advertisements were picked up by ASCI's suo moto surveillance and objections against 163 advertisements were upheld. Of the 103 advertisements complained against by the general public or by the industry members, complaints against 30 advertisements were upheld by the CCC," a statement said.
 
Out of the total 193 advertisements against which complaints were upheld, 154 belonged to healthcare sector, 18 to education sector, eight to the food and beverages category, two to personal care and 11 were from the others' category.
 
Gross exaggeration of product efficacy was the number one reason for upholding complaints, followed by violation of the Drugs and Magic Remedies Act and the Drugs and Cosmetics Rules, the council said.
 
It also said the other reasons were failure to provide substantial facts and figures to support claims and delivering advertisements which were misleading by ambiguity and by implication.
 
Among the various complaints, CCC observed that an advertisement was encouraging binging or excessive consumption of a snacking product.
 
A claim regarding "instant" result post consumption of a fast absorbing product was considered to be misleading, the council said.
 
"Similarly, claim by a leading food company to enhance IQ, was inadequately substantiated. An advertisement by a mattress company featuring celebrities making a quantitative claim that less than six hours of sleep drains 40 per cent brain energy was considered to be misleading," it added.
 
IANS
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Jio offers new 'Zero-Touch' post-paid plan with unlimited benefits at Rs. 199 per month

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Telecom services provider Reliance Jio Infocomm Ltd., a subsidiary of Reliance Industries Limited, today announced its new post-paid offering that will be available for subscription with effect from May 15.
 
A press release from Jio said the new "Zero Touch" offering would redefine post-paid services in India and mark a paradigm shift in the way post-paid services are offered and consumed, just as it did with its pre-paid services.
 
The release said the offering would once again challenge the industry status quo by offering the lowest tariffs in India and abroad to post-paid users, who end up paying disproportionately higher as compared to the pre-paid segment.
 
Jio also announced new international calling and roaming tariffs for all tis customers. The release said this would enable them to "remain connected wherever they are without worrying about the bill shocks that they have been used to for years".
 
As part of Zero-Touch, all post-paid services such as Voice, Internet, SMS, International calling will be pre-activated.
 
The Unlimited India plan will cost Rs. 199 per month. International calling will start at 50 paise per minute. International roaming rates will start at Rs. 2 each for voice, data and SMS or unlimited services starting at Rs. 500 per day plus taxes.
 
International calling will be pre-activated without security deposit. No security deposit will be required to start international services. 
 
The service offers one-click activation of international roaming services for free without any monthly charge or security deposit. There will be unlimited data and voice packs. The service will offer lowest rates across the world, even without opting for any pack, the release said.
 
The International Calling and International Roaming tariffs are available for pre-paid subscribers as well, the release added.
 
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Caution ahead of Karnataka polls, global cues depress Indian equities

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Caution ahead of the Karnataka assembly elections along with subdued global factors, including high crude oil prices and geo-political tensions in the Middle East, dragged the Indian equity indices lower on Thursday.
 
According to market observers, heavy selling pressure was witnessed in consumer durables, capital goods and healthcare stocks.
 
The broader Nifty50 of the National Stock Exchange (NSE) closed at 10,716.55 points -- down 25.15 points or 0.23 per cent -- from its previous close of 10,741.70 points.
 
Similarly the barometer 30-scrip Sensitive Index (Sensex) on the BSE closed in the red. It had opened at 35,353.96 points and closed at 35,246.27 points -- down 73.08 points or 0.21 per cent -- from its previous session's close of 35,319.35 points.
 
The Sensex touched a high of 35,500.76 points and a low of 35,203.85 points during the intra-day trade.
 
The BSE market breadth was bearish with 1,890 declines and 775 advances. On the NSE, too, the market breadth was bearish.
 
"Sensex and Nifty50 closed lower on Thursday as investors are cautious ahead of elections in the state of Karnataka," said Dhruv Desai, Director and Chief Operating Officer, Tradebulls.
 
According to Deepak Jasani, Head of Retail Research at HDFC Securities: "Rising crude oil prices also impacted the sentiments."
 
"Broad market indices like the BSE mid-cap and small cap indices lost more, thereby underperforming the main indices," Jasani told IANS.
 
The S&P BSE mid-cap fell 1.52 per cent, while the S&P BSE small cap settled 1.36 per cent lower from its previous closing level.
 
Jasani added: "Major Asian markets have closed on a mixed note. European indices like FTSE 100 and CAC 40 are trading in the red."
 
On the currency front, the Indian rupee weakened by 4 paise to 67.31 against the US dollar from its previous close at 67.27. 
 
Provisional data with the exchanges showed that foreign institutional investors sold scrips worth Rs 364.88 crore, while the domestic institutional investors purchased stocks worth Rs 900.69 crore.
 
Sector-wise, the S&P BSE oil and gas index and the S&P telecom index were the only gainers on Thursday. The oil and gas stocks rose by 77.85 points, while the telecom stocks ended 0.27 points higher than its previous close.
 
On the other hand, the S&P BSE consumer durables index fell by 287.03 points, the capital goods stocks dropped by 214.64 points and the healthcare stocks ended 208.25 points lower. 
 
The major gainers on the Sensex were ONGC, up 2.87 per cent at Rs 188.15; Bharti Airtel, up 1.92 per cent at Rs 410.35; Tata Motors (DVR), up 0.71 per cent at Rs 198.25; Reliance Industries, up 0.55 per cent at Rs 980.70; and HDFC Bank, up 0.54 per cent at Rs 1,989.70 per share.
 
The top losers were Dr Reddy's Lab, down 3.70 per cent at Rs 1,988.30; Tata Motors, down 2.34 per cent at Rs 333.35; Sun Pharma, down 1.85 per cent at Rs 496.95; Power Grid, down 1.77 per cent at Rs 207.95; and Bajaj Auto, down 1.62 per cent at Rs 2,827.80 per share.
 
IANS
 
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Geopolitical tensions, oil prices keep Indian equities subdued

The key Indian equity indices traded on a flat-to-negative note on Thursday afternoon due to weak global cues including high crude oil prices and geopolitical tensions after the US backed out of the 2015 Iran nuclear deal.
 
According to market analysts, heavy selling pressure was witnessed in metal, healthcare and consumer durable stocks.
 
However, gains in the major Asian equity markets somewhat supported the Indian indices.
 
At 1.09 p.m., the broader Nifty50 of the National Stock Exchange (NSE) traded at 10,716.40 points -- down 25.30 points or 0.24 per cent -- from its previous close of 10,741.70 points.
 
The barometer 30-scrip Sensitive Index (Sensex) on the BSE, which opened at 35,353.96 points, traded at 35,264.50 points (1.09 p.m.) -- down 54.85 points or 0.16 per cent -- from its previous session's close of 35,319.35 points.
 
The Sensex has so far touched a high of 35,500.76 points and a low of 35,249.36 points during the intra-day trade.
 
The BSE market breadth was bearish with 1,714 declines and 763 advances so far.
 
So far, the major gainers on the BSE were ONGC, Tata Motors (DVR), Coal India, IndusInd Bank and Bharti Airtel while Dr Reddy's Lab, Power Grid, Tata Steel, Tata Motors and Sun Pharma were the major losers.
 
On the NSE, the top gainers were ONGC, Coal India and Zee Entertainment. The major losers were Dr Reddy's Lab, Indiabulls Housing Finance and Power Grid. 
 
IANS
 
 
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Key Indian equity market indices open in green

Taking a cue from global markets, the key Indian equity market indices on Thursday opened higher.
 
The Sensitive Index (Sensex) of the BSE, which had closed at 35,319.35 points on Wednesday, opened higher at 35, 353.96 points.
 
Minutes into trading, it was quoting at 35,440.82 points, up by 121.47 points, or 0.34 per cent.
 
At the National Stock Exchange (NSE), the broader 51-scrip Nifty, which had closed at 10,741.70 points on Wednesday, was quoting at 10,773.70 points, up by 32 points or 0.30 per cent.
 
After a largely volatile session, the key Indian equity indices had ended Wednesday's trade on a positive note. Market analysts pointed out that largely weak Asian equities, along with a rise in geo-political tensions after the US pulled out of the Iran nuclear deal as well as higher crude oil prices, had capped gains and unleashed volatility.
 
However, the key indices were somewhat supported by healthy buying in the consumer durables, IT and capital goods stocks.
 
The Sensex was up by 103.03 points or 0.29 per cent at the Wednesday's closing. In the day's trade, the barometer 30-scrip sensitive index had touched a high of 35,404.83 points and a low of 35,134.20 points. The Nifty, too, was up by 23.90 points or 0.22 per cent.
 
On Thursday, Asian indices were showing a positive trend. Japan's Nikkei 225 was quoting in green, up by 0.24 per cent while Hang Seng up by 0.87 per cent, South Korea's Kospi was up by 0.35 per cent. China's Shanghai Composite index was trading in green, up by 0.20 per cent.
 
Nasdaq closed in green, up by 0.99 per cent while FTSE 100 was also up by 1.26 per cent at the closing on Wednesday.
 
IANS
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IPL-2018: Mumbai ride Ishan blitz to record massive win over KKR

 
Mumbai Indians rode teenage wicketkeeper-batsman Ishan Kishan's 21-ball 62 to record an emphatic 102-run victory -- the largest margin in the ongoing edition of the Indian Premier League (IPL) -- over Kolkata Knight Riders at the Eden Gardens here on Wednesday.
 
The win, Mumbai's third on the spin, took Rohit Sharma and Co. level on points with Kolkata (10 points from 11 games) and fourth in the points table courtesy a better net run rate. Kolkata, who lost twice to the same opponents in the space of three days, dropped a rung to fifth.
 
Mumbai, who remain in the reckoning for the play-offs, have now won 18 times, and eighth on the row, in 23 meetings with Kolkata.
 
Coming to Ishan, the Jharkhand left-hander's pyrotechnics between the 10th and 15th overs fetched Mumbai 73 runs as they posted a mammoth 210/6 in their 20 overs. In reply, Kolkata were shot out for 108 in 18.1 overs.
 
Kolkata were never in the chase, losing wickets at regular intervals. Chris Lynn (21) and Nitish Rana (21) were the top-scorers as Mumbai effected two run-outs with Pandya brothers Krunal (2/12) and Hardik (2/16) returning best figures.
 
Earlier, Ishan was all blitz as he tore into celebrated India wrist spinner Kuldeep Yadav 3/43), smacking him for four successive sixes and taking 25 runs off the 14th over.
 
Three overs earlier, Ishan had underlined his intent by hitting Piyush Chawla (3/48) for 14 runs which included three fours in the 11th over.
 
Ishan and skipper Rohit Sharma (36; 31b; 2x4, 1x6) were involved in a 82-run partnership for the third wicket off just 34 balls which proved to be the game changer.
 
Rohit was dropped by Nitish Rana on 10, when the team was on 90/2.
 
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In the end, Ben Cutting's 9-ball 24 took MI past 200 as the last over went for 22 runs off Piyush Chawla (3/48).
 
Openers Evin Lewis and Suryakumar Yadav gave MI a decent start. Lewis was dropped by Kuldeep Yadav running backwards from square leg off Prasidh Krishna (1/41) when he was batting on 16.
 
But the 26-year-old Trinidadian could not make the most of the reprieve, getting out in strange fashion trying to pull a loose Chawla delivery with the ball ballooning off the back of his bat to short third man where Chris Lynn took an easy catch.
 
Lewis and Suryakumar stitched together a 46-run stand for the opening wicket as Mumbai were 47/1 at the end of Powerplay.
 
Former Kolkata player Suryakumar who has been Mumbai's batting mainstay this season, then threw away a strong start, pulling a Chawla half tracker to Rinku Singh at deep midwicket.
 
Ishan finally fell trying to clear the deep square leg boundary just after hitting a six but picked out Robin Uthappa.
 
Hardik (19; 13b; 2x6) and Rohit departed in quick succession with the latter giving Prasidh Krishna his first IPL wicket.
 
Brief scores: Mumbai Indians 210/6 in 20 overs (Ishan Kishan 62, Rohit Sharma 36, Suryakumar Yadav 36; Piyush Chawla 3/48, Sunil Narine 1/27) beat Kolkata Knight Riders 108 all out (Chris Lynn 21, Nitish Rana 21; Krunal Pandya 2/12, Hardik Pandya 2/16)
 
IANS
 
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IPL: Ishan blitz powers Mumbai to 210/6 vs Kolkata

 
Young wicketkeeper-batsman Ishan Kishan blasted a 21-ball 62 to help Mumbai Indians post 210/6 against Kolkata Knight Riders (KKR) in an Indian Premier League (IPL) game at the Eden Gardens here on Wednesday.
 
The Jharkhand left-hander's pyrotechnics between the 10th and 15th over propelled MI from 62/2 in nine overs to 145/3 after 15 overs.
 
Ishan, whose innings was laced with five fours and six sixes, brought up his fifty in 17 balls, the joint second-fastest to reach the milestone with Sunil Narine who also completed his half century in 17 balls against Royal Challengers Bangalore here. Lokesh Rahul had smashed a 14-ball 50 this season, IPL's fastest.
 
Ishan and skipper Rohit Sharma (36; 31b; 2x4, 1x6) joined hands for a 82-run partnership for the third wicket off just 34 balls. Rohit was dropped by Nitish Rana on 10, when the team was on 90/2.
 
In the end, Ben Cutting's 9-ball 24 took MI past 200 as the last over went for 24 runs off Piyush Chawla (3/48).
 
Openers Evin Lewis and Suryakumar Yadav gave MI a decent start. Lewis was dropped by Kuldeep Yadav (3/43) running backwards from square leg off Prasidh Krishna (1/41) when he was batting on 16.
 
But the 26-year-old Trinidadian could not make the most of the reprieve, getting out in strange fashion trying to pull a loose Chawla delivery with the ball ballooning off the back of his bat to short third man where Chris Lynn took an easy catch.
 
Lewis and Suryakumar stitched together a 46-run stand for the opening wicket as Mumbai Indians were 47/1 at the end of Powerplay.
 
Former KKR player Suryakumar who has been MI's batting mainstay this season, then threw away a strong start, pulling a Chawla half tracker to Rinku Singh at deep midwicket.
 
At the halfway stage, Mumbai were 72/2 with Ishan joining Rohit in the middle.
 
Ishan was at it from the word go, taking Chawla for 14 runs in the 11th over and then turning the tide in the visitors' favour by hitting four back-to-back sixes off Kuldeep in the 14th over. As many as 25 runs were leaked in Kuldeep's third over as Mumbai looked good for a 200-plus score.
 
Karthik brought back Narine to check the flow of runs and the move worked. Ishan tried to clear the deep square leg boundary just after hitting a six but picked out Robin Uthappa.
 
Hardik Pandya (19; 13b; 2x6) and Rohit departed in quick succession with the latter giving Prasidh Krishna his first IPL wicket.
 
Brief scores: Mumbai Indians 210/6 in 20 overs (Ishan Kishan 62, Rohit Sharma 36, Suryakumar Yadav 36; Piyush Chawla 3/48, Sunil Narine 1/27) vs Kolkata Knight Riders (KKR).
 
IANS
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Anushka Sharma's new fashion line draws inspiration from Suppandi

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Remember Suppandi, the popular character from the Tinkle comics universe? In an effort to popularise Indian pop culture and celebrate it globally, actress Anushka Sharma has sought design inspiration from Suppandi for the spring-summer collection line of her label NUSH.

For Anushka, reading comics was an integral part of her growing up years. Suppandi, who was presented as a well-meaning village simpleton inadvertently caught up in everyday adventures, was one of her favourite characters.

NUSH and Tinkle Comics have collaborated on this endeavour to bring out a cool and comfortable fashion collection, comprising tops and dresses.

The actress will actively promote the Suppandi clothing line not just in India but globally.

"While we celebrate the Avengers or Mickey Mouse from the West, images of Suppandi will re-ignite fond recollections of childhood for many people," Anushka said in a statement.

"Suppandi was my (imaginary) buddy as I would gobble up comics featuring him on lazy summer afternoons. I wanted to flesh out his place in our happy childhood memories with the brand's summer collection, and we have worked at retaining the simple, comfortable element of Suppandi in his line," she added.

The line will be available from Wednesday.

"This Nush x Suppandi collection is reminiscent of all those lazy summer afternoons we spent reading stories of India's favourite simpleton. The collection brings back the innocence and joy of childhood while also being contemporary and chic," said Sanjay Dhar, President, Amar Chitra Katha.

IANS

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IPL: KKR elect to field against Mumbai Indians

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Kolkata Knight Riders (KKR) skipper Dinesh Karthik won the toss and elected to field first against Mumbai Indians (MI) in an Indian Premier League (IPL) game at the Eden Gardens here on Wednesday.
 
KKR made two changes with Rinku Singh and Tom Curran playing in place of Shubman Gill and Mitchell Johnson. MI remained unchanged.
 
In their last game, MI got the better of KKR by 13 runs.
 
Teams:
Kolkata Knight Riders: Chris Lynn, Sunil Narine, Robin Uthappa, Nitish Rana, Dinesh Karthik (Captain/WK), Rinku Singh, Andre Russell, Piyush Chawla, Tom Curran, Prasidh Krishna, Kuldeep Yadav.
 
Mumbai Indians: Suryakumar Yadav, Evin Lewis, Rohit Sharma (Captain), Hardik Pandya, Krunal Pandya, Jean-Paul Duminy, Ishan Kishan (WK), Ben Cutting, Mitchell McClenaghan, Mayank Markande, Jasprit Bumrah.
 
IANS
 
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Equities close flat on geo-political tensions, higher oil prices

After a largely volatile session, the key Indian equity indices ended Wednesday's trade on a flat-to-positive note due to broadly weak global cues.
 
Market analysts pointed out that largely weak Asian equities, along with a rise in geo-political tensions after the US pulled out of the Iran nuclear deal as well as higher crude oil prices capped gains and unleashed volatility.
 
However, the key indices were somewhat supported by healthy buying in the consumer durables, IT and capital goods stocks. 
 
Index-wise, the broader Nifty50 of the National Stock Exchange (NSE) closed at 10,741.70 points -- up 23.90 points or 0.22 per cent -- from its previous close.
 
Similarly, the barometer 30-scrip Sensitive Index (Sensex) ended the day's trade higher from Tuesday's closing level. It opened at 35,198.08 points and closed at 35,319.35, up 103.03 points or 0.29 per cent.
 
The Sensex touched a high of 35,404.83 points and a low of 35,134.20 during the intra-day trade. The BSE market breadth was, however, bearish with 1,527 declines and 1,157 advances.
 
"It has been an indecisive day as mixed global trends and sparse domestic signals kept investor activity muted. Stock markets in India opened the day lower but subsequently firmed up to finally close the day with marginal gains," said Abhijeet Dey, Senior Fund Manager, Equities, BNP Paribas Mutual Fund.
 
He said: "Overseas, Asian shares saw a mixed trend while European shares traded higher, supported by strength in oil stocks after Trump pulled the US out of Iran's nuclear agreement, boosting crude prices."
 
According to Deepak Jasani, Head, Retail Research, HDFC Securities: "Markets inched up higher on Wednesday to end with gains for the third consecutive session. Selling pressure in the afternoon session curbed the gains to some extent. 
 
"Major Asian markets have closed on a mixed note. European indices like FTSE 100, CAC 40 and DAX traded in the green."
 
On the currency front, the Indian rupee weakened by 19 paise to 67.27 against the US dollar from its previous close at 67.08.
 
Provisional data with the exchanges showed that foreign institutional investors sold scrips worth Rs 704.03 crore while the domestic institutional investors purchased stocks worth Rs 664.92 crore.
 
Sector-wise, the S&P BSE consumer durables index rose by 104.17 points, the IT stocks edged up by 97.28 points and the capital goods stocks was higher by 76.82 points. 
 
On the other hand, the S&P BSE healthcare index fell by 64.45 points, the automobile stocks dropped by 56.26 points and the FMCG stocks ended 29.02 points lower. 
 
The major gainers on the Sensex were Tata Motors (DVR), up 3.82 per cent at Rs 196.85; Tata Motors, up 2.79 per cent at Rs 341.35; Asian Paints, up 1.53 per cent at Rs 1,224.10; Tata Consultancy Services (TCS), up 1.39 per cent at Rs 3,489.05; and Axis Bank, up 1.36 per cent at Rs 548.60 per share.
 
The top losers were Sun Pharma, down 1.02 per cent at Rs 506.30; ICICI Bank, down 0.70 per cent at Rs 307.10; Maruti Suzuki, down 0.70 per cent at Rs 8,713.60; Wipro, down 0.66 per cent at Rs 270.50; and Mahindra and Mahindra, down 0.64 per cent at Rs 860.05 per share.
 
IANS
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Weak global cues keep key Indian equities flat

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The key Indian equity indices traded in a flat-to-positive note on Wednesday afternoon as weak global cues eroded investors' risk-taking appetite.
 
According to market analysts, the decline in major Asian equity markets and US President Donald Trump's decision to pull out of the 2015 Iran nuclear deal kept the trade subdued.
 
Healthy buying in capital goods, consumer durables and IT stocks somewhat supported the indices.
 
At 12.22 p.m., the broader Nifty50 of the National Stock Exchange (NSE) traded at 10,731.40 points -- up 13.60 points or 0.13 per cent -- from its previous close of 10,715.50 points.
 
The barometer 30-scrip Sensitive Index (Sensex), which opened at 35,198.08 points, traded at 35,277.01 points (12.22 p.m.) -- up 60.69 points or 0.17 per cent -- from its previous session's close of 35,134.20 points.
 
The Sensex has so far touched a high of 35,296.45 points and a low of 35,134.20 points during the intra-day trade.
 
The BSE market breadth was tilted towards the bears with 1,269 declines and 1,167 advances.
 
So far, the major gainers on the BSE were Tata Motors, Tata Motors (DVR), Bharti Airtel, Asian Paints and Axis Bank while State Bank of India, Mahindra and Mahindra, HDFC, Maruti Suzuki and Adani Ports were the major losers.
 
On the NSE, the top gainers were Tata Motors, Titan and Bharti Infratel. The major losers were BPCL, Ultratech Cement and Hindustan Petroleum. 
 
IANS
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Business sentiment in India weakest since 2014: Report

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The business optimism in India has deteriorated with the country ranking sixth globally on the optimism index in the first quarter of 2018, said Grant Thornton's International Business Report (IBR) on Tuesday.
 
According to the quarterly global business survey, India has been topping the chart since the new government came into power in 2014.
 
"However, the confidence has shaken since Q3 2017 with weakening currency and a surge in oil prices (Q3- 7th, Q4- 5th 2017)," Grant Thornton said in a statement.
 
"In contrast, globally, the business optimism is at an all-time high. The IBR finds that in Q1 2018, global business optimism stands at net 61 per cent - the highest figure recorded in 15 years of research."
 
As per the report, Indian businesses have been citing regulations and red tape, availability of skilled workforce, lack of ICT infrastructure and shortage of finance as the biggest growth constraints.
 
"Even after India's significant jump in World Bank's Ease of Doing Business ranking, the country still continues to rank 1st or 2nd in quoting these reasons as the key hurdles for growth," the statement said.
 
The report pointed out that underlying pessimism is reflected in other parameters as well including revenue, selling prices, profitability, employment and exports expectations.
 
The scale and the report are prepared based on the results of a quarterly global business survey of 2,500 businesses in 37 economies.
 
"The reversal in sentiment amongst mid-sized business in India in the last 3 quarters is startling and I hope policy makers will sit up and take note," Vishesh C. Chandiok, CEO, Grant Thornton India LLP was quoted as saying in the statement.
 
"With oil climbing, and India firmly in an election year, we ought to brace for a volatile economic environment in the days ahead. Export oriented businesses should see better days, finally."
 
IANS
 
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Markets open on negative note

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The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a negative note during the morning session of the trade.
 
The Sensex of the BSE after opening at 35,198.08 points touched a high of 35,198.08 and a low of 35,134.20 points.
 
The Sensex is trading at 35,163.35 down by 52.97 points or 0.15 per cent from its Tuesday close at 35,216.32 points.
 
On the other hand, the broader 51-scrip Nifty at National Stock Exchange (NSE) opened at 10,693.35 points this morning after closing at 10,717.80 points on Tuesday.
 
The Nifty is trading at 10,706.50 points in the morning.
 
IANS
 
 
 
 
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Global cues subdue equity indices; consumer durables stocks fall

In a volatile session, the key domestic equity indices ceded their initial gains to end Tuesday's trade on a flat-to-positive note as weak global cues eroded investors' risk-taking appetite.
 
According to market analysts, heavy selling pressure in consumer durables and capital goods stocks trimmed the overall gains made earlier in the day's trade. 
 
Index-wise, the broader Nifty50 of the National Stock Exchange (NSE) closed at 10,717.80 points -- up 2.30 points or 0.02 per cent -- from its previous close.
 
The barometer 30-scrip Sensitive Index (Sensex), which opened at 35,349.85 points, closed at 35,216.32 points -- up 8.18 points or 0.02 per cent -- from its previous session's close.
 
The Sensex touched a high of 35,388.87 points and a low of 35,136.01 during the intra-day trade.
 
The BSE market breadth was tilted towards the bears with 1,523 declines and 1,161 advances.
 
In the broader market segment, both S&P BSE mid-cap and small cap closed by 0.10 per cent higher from their previous closing levels. 
 
"Markets ended with marginal gains on Tuesday after a minor sell off in the afternoon session saw the Nifty giving up its morning gains," said Deepak Jasani, Head, Retail Research, HDFC Securities.
 
"Major Asian markets have closed on a mixed note. European indices like CAC 40 and DAX traded in the red," Jasani told IANS.
 
Vinod Nair, Head of Research, Geojit Financial Services said: "Market turned volatile as investors' are concerned on the movement of rupee and surge in oil price which could eventually lead to tight monetary policy."
 
"Albeit, banks outperformed as sentiment improved on account of early recognition of stressed assets. Continued outflow of foreign money will keep rupee on tenterhook while increasing GST collection and RBIs open market operation may soften the volatility."
 
Besides, investors were concerned over a further rise in international crude oil prices as a result of US moving away from the 2015 Iran Nuclear Deal. 
 
On the currency front, the Indian rupee strengthened by 27 paise to 67.08 against the US dollar from its previous close at 67.14 per greenback. 
 
In terms of investments, provisional data with the exchanges showed that foreign institutional investors sold scrips worth Rs 97.15 crore, while the domestic institutional investors purchased stocks worth Rs 923.25 crore.
 
Sector-wise, the S&P BSE banking index rose by 381.62 points, the oil and gas stocks edged-up by 52.51 points and the finance stocks rose by 26.12 points. 
 
On the other hand, the S&P BSE consumer durables index fell by 183.10 points, the capital goods stocks dropped 165.05 points and the auto stocks ended 108.36 points lower. 
 
The major gainers on the Sensex were ICICI Bank, up 6.86 per cent at Rs 309.25; State Bank of India, up 1.42 per cent at Rs 250; Axis Bank, up 1.18 per cent at Rs 541.25; Power Grid, up 1.14 per cent at Rs 212.15; and Tata Motors (DVR), up 0.74 per cent at Rs 189.60 per share.
 
The top losers were Mahindra and Mahindra, down 2.26 per cent at Rs 865.60; IndusInd Bank, down 1.78 per cent at Rs 1,851.25; Larsen and Toubro, down 1.70 per cent at Rs 1,364.85; Infosys, down 1.52 per cent at Rs 1,165.35; and Yes Bank, down 1.19 per cent at Rs 343.35 per share.
 
IANS
 
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Radiant in red, Sonam Kapoor gets married to Anand Ahuja

 
Bride Sonam looks bright in red on her D-day
 
 
Actress Sonam Kapoor, who has earned the 'fashionista' tag in Bollywood with her experimental taste, chose a traditional bright red lehenga with heavy jewellery for her wedding day as she got married to long-time beau Anand Ahuja at a ceremony here on Tuesday morning.
 
Sonam wore a lotus-motif ensemble by designer Anuradha Vakil and looked every bit the Punjabi bride with her hands adorned by a deep maroon colour of henna, both wrists full of the 'chooda' and 'kaleere'. She wore a statement maatha-patti.
 
The groom, a Delhi-based businessman, too looked dapper in a Raghavendra Rathore creation, a beige sherwani. He paired his sherwani with a beige and cream 'saafa' along with pearl and ruby strings.
 
The wedding took place at Sonam's aunt's place in Bandra here, with a slew of close family and friends of the couple in attendance.
 
The wedding proceedings were closely guarded as even Sonam arrived at the venue in a car with curtains hiding her look from the media. 
 
Later, an official photograph of the actress in her bridal avatar was released. However, curious fans of the actress were filled in with inside photographs and video snippets via social media.
 
A short video showcasing Sonam walking the aisle saw the actress being accompanied by her brothers, led by Harshvardhan and cousin Arjun.
 
Sonam's father and veteran actor Anil Kapoor and brother Harshvardhan looked smart in sherwanis while cousins Janhvi, Khushi, Anshula, Shanaya and Arjun were dressed in ethnic designer wear for the special day. 
 
Other family members Boney Kapoor, Sanjay Kapoor and Maheep Kapoor too were present for the occasion.
 
From the film and fashion industry, Amitabh Bachchan, Abhishek Bachchan, Karan Johar, Jacqueline Fernandez, Rani Mukerji, Swara Bhasker, Kareena Kapoor Khan, Saif Ali Khan, Karisma Kapoor, designer Masaba Gupta and stylist Pernia Qureshi were present.
 
The actress' "Veere Di Wedding" co-star Kareena looked elegant in a soft pink ensemble as she walked colour co-ordinated with husband Saif and son Taimur.
 
Sonam, after debuting in Bollywood with "Saawariya" in 2008, has featured in movies like "Delhi-6", "Aisha", "Raanjhanaa", "Bhaag Milkha Bhaag", "Khoobsurat", "Prem Ratan Dhan Payo", "Neerja" and "Pad Man". 
 
Her performance in "Neerja" won her a Special Mention at the National Film Awards.
 
Sonam is known for her unique but impeccable taste in fashion and is known to be quite a trendsetter.
 
Before what seems like bringing red back in fashion with her bridal outfit on Tuesday, Sonam chose to go with subtle colours for her pre-wedding ceremonies.
 
For her mehendi function on Sunday, she chose a peach and grey sharara ensemble by Vakil, and for her grand sangeet celebrations on Monday, she was elegance personified in a heavy ivory lehenga by Abu Janu-Sandeep Khosla.
 
The newlyweds will make an appearance together for the media on Tuesday evening at a reception at The Leela here.
 
IANS
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Equities rise marginally tracking global cues

The key Indian equity indices traded marginally higher on Tuesday afternoon following broadly positive cues in the global markets.
 
Heavy selling pressure on the capital goods and consumer durables stocks restricted further gains, market analysts said.
 
At 12.45 p.m., the broader Nifty50 of the National Stock Exchange (NSE) traded at 10,729.40 points -- up 13.90 points or 0.13 per cent -- from its previous close of 10,715.50 points.
 
The barometer 30-scrip Sensitive Index (Sensex), which opened at 35,349.85 points, traded at 35,263.62 points (12.45 p.m.) -- up 55.48 points or 0.16 per cent -- from its previous session's close of 35,208.14 points.
 
The Sensex has so far touched a high of 35,388.87 points and a low of 35,235.88 during the intra-day trade.
 
The BSE market breadth was tilted towards the bears with 1,236 declines and 1,205 advances.
 
"Sensex and Nifty traded higher for a second straight session on Tuesday, tracking gains in Asian shares, with a firm positive close from the US markets," said Dhruv Desai, Director and Chief Operating Officer, Tradebulls.
 
So far, the major gainers on the BSE were ICICI Bank, State Bank of India, Axis Bank, Tata Conbsultancy Services (TCS) and Adani Ports while Mahindra and Mahindra, IndusInd Bank, Larsen and Toubro, Indosys and HDFC Bank were the major losers.
 
On the NSE, the top gainers were ICICI Bank, Hindustan Petroleum and Grasim Industries. The major losers were IndusInd Bank, Mahindra and Mahindra and Larsen and Toubro. 
 
IANS
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IPL-2018: Resurgent Mumbai, iffy KKR face off in crunch clash

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Back in the mix riding consecutive victories, a buoyant Mumbai Indians (MI) will cross swords with an iffy Kolkata Knight Riders (KKR) for a second time in the space of three days in a crunch Indian Premier League (IPL) encounter at the Eden Gardens here on Wednesday.
 
Recovering from a slow start, defending champions MI recorded back-to-back wins against Kings XI Punjab and KKR to jump to fifth spot (8 points from 10 games) in the table, a rung below their rivals (10 points from 10 games) on the morrow.
 
KKR, meanwhile, have blown hot and cold, winning five and losing an equal number of matches.
 
While the Dinesh Karthik-led side have not managed to string together consistent performances, MI led by India's limited-overs Vice Captain Rohit Sharma have looked like a team on a mission to turn the tide in their favour at the end of the season.
 
Mumbai were on the verge of falling by the wayside after a series of reversals before they managed to pull through in the previous two games.
 
While against Punjab it was a Rohit and Krunal Pandya blitz that kept them alive in the competition, a challenging 181/4 coupled with well-directed short balls during KKR's chase helped MI stay afloat and stake a claim for a playoffs berth.
 
KKR looked like getting away with the points at various junctures of the match but planned short deliveries from the likes of Mitchell McClenaghan at the start and Hardik Pandya towards the end helped MI pick up wickets at regular intervals as well as break crucial partnerships.
 
Given the role of an opening batsman, Suryakumar Yadav has been a revelation for MI, scoring as many as four half centuries in 10 matches. The 27-year-old former KKR player is MI's highest run-getter, amassing 399 at 39.90.
 
One concern for Rohit would be MI's middle order which continued to struggle against KKR and had it not been for Hardik's innovative shots at the end, they would have not managed to post 181 despite getting off to an explosive start.
 
MI also lack depth in bowling and Robin Uthappa almost exposed that in the last match.
 
Coming to the home team, KKR were not at full strength against MI in the away game, with young pacer Shivam Mavi's injured finger joining the team's long list of injuries this season.
 
It remains to be seen whether Mavi, an U-19 World Cup winner, plays on Wednesday. Otherwise KKR might again opt for little-known Prasidh Krishna who made his IPL debut the other evening.
 
Led by West Indian mystery spinner Sunil Narine, KKR's spin battery will again be the key with chinaman Kuldeep Yadav and leggie Piyush Chawla expected to choke the opposition.
 
Karthik has been very consistent with the bat and he would want his other batters to stand up and be counted.
 
Nitish Rana has been in fine touch for the purple brigade from the outset while Andre Russell has played a few devastating knocks. Young Shubman Gill, who was sent in to open the batting along with Lynn against MI, could again get the opportunity.
 
In the head-to-head count, MI lead KKR by a long long way at 17-5 in 22 meetings so far. Both teams need to win on Wednesday to keep their chances alive and not leave their fate to other teams.
 
Teams:
 
KKR: Dinesh Karthik (captain), Sunil Narine, Andre Russell, Chris Lynn, Robin Uthappa, Kuldeep Yadav, Piyush Chawla, Nitish Rana, Prasidh Krishna, Shivam Mavi, Mitchell Johnson, Shubman Gill, R. Vinay Kumar, Rinku Singh, Cameron Delport, Javon Searless, Apoorv Wankhade, Ishank Jaggi, Tom Curran.
 
MI: Rohit Sharma (captain), Suryakumar Yadav, Evin Lewis, Ishan Kishan, Hardik Pandya, Krunal Pandya, Kieron Pollard, Mayank Markande, Mitchell McLenaghan, Mustafizur Rahaman, Jasprit Bumrah, Akila Dananjaya, Ben Cutting, JP Duminy, Rahul Chahar, Sharad Lumba, Adam Milne, Siddhesh Lad, Md Nidheesh, Mohsin Khan, Anukul Roy, Pradeep Sangwan, Tajinder Singh, Aditya Tare, Saurabh Tiwary.
 
IANS
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Global cues lift equity indices; banking stocks rise

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Positive Asian markets, along with lower crude oil prices and expectations of healthy quarterly earning results pushed the key Indian equity indices to trade higher during the morning session on Tuesday.
 
According to market observers, healthy buying was witnessed in banking, healthcare and FMCG stocks.
 
Around 9.30 a.m., the broader Nifty50 of the National Stock Exchange (NSE) traded at 10,738.55 points -- up 23.05 points or 0.22 per cent -- from its previous close.
 
The barometer 30-scrip Sensitive Index (Sensex), which opened at 35,349.85 points, traded at 35,318.18 points -- up 110.04 points or 0.31 per cent -- from its previous session's close of 35,208.14 points.
 
The Sensex has so far touched a high of 35,388.87 points and a low of 35,252.10 points during the intra-day trade.
 
On May 7, -- the previous trade session -- both the key indices closed in the green on the back of positive global cues, along with value buying and expectations of firm quarterly earnings.
 
Consequently, the NSE Nifty50 had closed at 10,715.50 points, up by 97.25 points or 0.92 per cent from the previous close.
 
Similarly, the barometer 30-scrip Sensitive Index (Sensex) of the BSE had made gains. It closed at 35,208.14 points -- up 292.76 points or 0.84 per cent -- from its previous session's close.
 
IANS
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People failed to slot me as an actress: Soni Razdan

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Filmmakers were not as willing to experiment as they do today, says veteran actress Soni Razdan who feels she got "stuck" somewhere as she was as "different" as being a "grain in rice".

Soni, who will soon be seen sharing screen space with her talented daughter Alia Bhatt in "Raazi", says though she is eager to do more work, she does not get offers often.

She told IANS in an interview here: "I don't get any role. People do not come and offer me (roles). Maybe they don't think of me at all. Like my audience, even I wonder why I do not get offers more often. I think my career is of a big perception of others.

"Once Alia became a successful actress, people started thinking that I am only travelling around the world with her. In my young days, people failed to slot me anywhere as an actress.

"When I started, though I worked in some of the good films, in those days, the difference between the commercial cinema and art-house cinema was pretty distinct. The industry was ruled by beautiful actresses like Hema Malini and talents like Smita Patil among others. The fact is, I neither look as glamorous as a commercial heroine did back then nor like a conventional village girl of an art-house film.

"People were not ready to experiment as they do it today. So, I got stuck somewhere."

Born to a German woman and a Kashmiri man, Soni grew up in Mumbai. She says she has culturally deep roots in India.

"I am very much of an Indian by heart. My mother is a German who was brought up in the UK. So, there is so much cross-cultural exposure I had as a child. But Mumbai is my city. India is my country, and it fascinates me all the time to discover something new," she said.

The actress underwent formal education in theatre.

Asked if she is satisfied with her career as an artiste, Soni said: "I was really a very ambitious young girl when I started studying drama and performing art. I love acting in films. I have done mostly what I wanted to do in life. However, I think I did not get the success that I thought I deserve and (was) capable of achieving."

"I wanted to work in the Hindi film industry much more than what I was offered. But if you are a grain of rice in a wheat field, it is not your fault... You are just different. That's what exactly has happened to me. I was different in my time."

The actress has been a part of films like "36 Chowringhee Lane", "Mandi", "Trikaal", "Monsoon Wedding", "Page 3" and "Patiala House" to name a few.

In the forthcoming thriller spy drama "Raazi", releasing on Friday, Soni will essay reel mother to her real-life daughter Alia.

Describing it as a nice and emotional experience, she said: "I am very proud to be associated with the film because it is a very good story that the world should experience.

"I shot in Kashmir and during those days, I had some intense scenes to shoot. I was much focussed. Though it sounds like a mother-daughter having a great time together, it was actually not the same. But yes, after the shooting got over, we had a great time of food and quality time. We spent it well."

IANS

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Big B remembers shooting at Tagore's residence

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On Rabindranath Tagore's 157th birth anniversary today, megastar Amitabh Bachchan went down memory lane remembering shooting at the Nobel laureate and poet's residence and described it as "pious precincts".

"It is Gurudev Rabindranath Tagore's birth anniversary for the seventh of May and as I recollect I am driven to those moments at Thakur Badi (home) in Kolkata, my rendition of the National Anthem and its shooting inside the pious precincts of the residence of Tagore," Amitabh, 75 wrote on his blog.

The cine icon said Tagore's writings and contributions to art and literature are inspiring.

"His genius in his thoughts his writings and his contributions to the arts and literature are inspiring and legendary now, but as you travel through those doors and rooms of his place of residence you feel blessed that such a man walked the face of this earth. How does one acquire such wisdom?

"How does one acquire such writing... How does one acquire this sense of music...How does one acquire his artistry in its sketching, his creation of the Shanti Niketan and its wonders," wrote the son of the celebrated writer Harivansh Rai Bachchan.

On the acting front, Amitabh's film "102 Not Out" has just hit the big screen. The movie also stars veteran actor Rishi Kapoor.

IANS

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MNS disrupts Bullet Train route survey in Maharashtra

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Toughening its stand, the Maharashtra Navnirman Sena (MNS) on Monday disrupted and blocked a land survey that was being attempted near Shil-phata here for the Mumbai-Ahmedabad Bullet Train project, a dream venture of Prime Minister Narendra Modi.
 
Around two dozen MNS activists waving party flags, came to the Shil village on the old Mumbai-Pune Highway and carried out vociferous protests against the railway and government officials surveying the land in the vicinity.
 
The survey has been taken up by the National High Speed Rail Corporation Ltd, which has been entrusted with implementing the Bullet Train project coming up with Japanese collaboration.
 
From Ahmedabad, the Bullet Train route in Maharashtra will traverse through Thane and Palghar districts before entering Mumbai from the southern direction.
 
The activists blocked the vehicles of the officials and prevented them from carrying out the land surveys for the lands on which the high-tech project is expected to be constructed.
 
The blockade came days after MNS President Raj Thackeray urged the farmers in Thane and Palghar district not to sell or allow their lands to be acquired for the Bullet Train and the proposed Mumbai-Vadodara Expressway projects.
 
"Don't sell your lands (for these projects). It's a ploy to purchase your lands in the name of the Bullet Train project and evict Marathi people from Mumbai which was separated from Gujarat in 1960," Thackeray had thundered at a public meeting in Vasai.
 
Last week, even the All India Kisan Sabha had launched an agitation against the Bullet Train in Palghar and urged people to beware of the project coming up in the name of infrastructure development.
 
MNS Thane District chief Avinash Jadhav said that the party will continue to opposed the survey and measurement drive since "the people want jobs, not a Bullet Train", and they will not allow the train to be launched here.
 
As per plans, the 508 km-long and India's first Bullet Train project will cost around Rs 108,000 crore which will be constructed with a soft loan from Japan.
 
The proposal has been opposed by all major parties including MNS, the Shiv Sena - which is a ally in the state and the Centre, the opposition Congress and Nationalist Congress Party among others.
 
IANS
 
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ICICI Bank's Q4 standalone net profit down by 50%

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Lending major ICICI Bank on Monday reported a massive decline of 49.63 per cent in its standalone net profit for the fourth quarter of 2017-18.
 
According to the lender, its net profit for the quarter under review decreased to Rs 1,020 crore from Rs 2,025 crore reported for the corresponding period of the previous fiscal.
 
However, ICICI Bank's net interest income inched up to Rs 6,022 crore in the quarter ended March 31, 2018 from Rs 5,962 crore earned in the period ended March 31, 2017. 
 
On consolidated basis, the company's net profit for the fourth quarter declined by 45.17 per cent to Rs 1,142 crore from Rs 2,083 crore reported for the corresponding period of previous fiscal.
 
As per a BSE filing, the gross NPA (Non-Performing Asset) additions were Rs 15,737 crore in Q4. This includes Rs 9,968 crore of loans which were under RBI schemes and were classified as standard at December 31, 2017.
 
"During Q4-2018, the gross additions to NPA were Rs 15,737 crore in Q4-2018. This included Rs 9,968 crore of loans which were under RBI schemes and classified as standard at December 31, 2017. The Revised Framework for Resolution of Stressed Assets issued in February 2018 discontinued these schemes," the company said in a statement.
 
"Recoveries and upgrades from non-performing loans were Rs 4,234 crore in Q4-2018."
 
Besides, the company's standalone net profit for the fiscal ended March 31, 2018 dropped by 30.85 per cent to Rs 6,777 crore from Rs 9,801 crore for the year ended March 31, 2017 (FY2017).
 
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In addition, the company's consolidated net profit for the fiscal under review declined by 24.30 per cent to 7,712 crore from Rs 10,188 crore in FY2017.
 
The company's Board has recommended a dividend of Rs 1.50 per share saying that the declaration of dividend is subject to requisite approvals. 
 
"The bank has classified three borrower accounts in the gems and jewellery sector with fund-based outstanding of Rs 794.87 crore as fraud and non-performing and during Q4-2018 made a provision of Rs 289.45 crore through P&L account and Rs 505.42 crore by debiting reserves and surplus, as permitted by RBI," the filing said. 
 
"Additionally, during Q4-2018, the Bank has also made provision for certain other fraud and non-performing cases by debiting reserves and surplus amounting to Rs 19.98 crore, as permitted by RBI."
 
"The provision made by debiting reserves and surplus will be reversed and accounted through the P&L account over the subsequent quarters of the year ending March 31, 2019."
 
IANS
 
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Global cues, value buying lift Indian equity indices

Broadly positive global cues, along with value buying and expectations of firm quarterly earnings, lifted the key Indian equity indices on Monday.
 
According to market observers, healthy buying was witnessed in automobile, banking and consumer durable stocks.
 
However, gains were capped due to higher crude oil prices and caution over the upcoming assembly polls in Karnataka.
 
Index-wise, the broader Nifty50 of the National Stock Exchange (NSE) closed at 10,715.50 points -- up 97.25 points or 0.92 per cent -- from its previous close.
 
Similarly, the barometer 30-scrip Sensitive Index (Sensex) made gains during the day's trade session. The Sensex opened at 34,983.59 points, closed at 35,208.14 points -- up 292.76 points or 0.84 per cent -- from its previous session's close.
 
It touched a high of 35,259.81 points and a low of 34,977.74 points during the intra-day trade.
 
The BSE market breadth was bullish with 1,405 advances and 1,272 declines. On NSE, too, the market was positive during intra-day trade.
 
In the broader market segment, the S&P BSE mid-cap closed 0.55 per cent higher from its previous close, while the S&P BSE small cap inched up by 0.56 per cent. 
 
"Markets rallied on Monday as the Nifty found support around the 10,635 points levels. Monday's gains came after three sessions of losses," said Deepak Jasani, Head, Retail Research, HDFC Securities, adding that, "Technically, with the Nifty bouncing back after three sessions of losses, the bulls seem to have made a comeback." 
 
"The rally came on the back of listless US jobs data on Friday as it eased fears of faster rate hikes by the US Federal Reserve," Jasani told IANS. 
 
Vinod Nair, Head of Research, Geojit Financial Services said: "Market gained momentum as yield slid after RBIs open market operation, while rupee weakened further due to higher oil prices. PSU banks outperformed in expectation of stability in govt bond yield with RBIs intervention."
 
"Results are largely in line with expectation while volatility in rupee and yield and apprehensions about Karnataka election impacting the pace of rally. Additionally, investor's sentiment improved after a tepid US job data which may slow down FEDs rate hike trajectory."
 
On the currency front, the Indian rupee weakened by 27 paise to 67.14 against the US dollar from its previous close at 66.87 per greenback.
 
In terms of investments, provisional data with the exchanges showed that foreign institutional investors sold scrips worth Rs 635.24 crore, while the domestic institutional investors purchased stocks worth Rs 1,037.23 crore.
 
Sector-wise, the S&P BSE auto index surged by 359.53 points, the consumer durable stocks edged-up by 323.57 points and the banking stocks rose by 320.80 points. 
 
On the other hand, the S&P BSE healthcare and IT indices were the only two which fell today. The S&P BSE healthcare index fell by 73.32 points while IT index ended a tad lower, by 1.45 points.
 
The major gainers on the Sensex during the day were Mahindra and Mahindra, up 3.68 per cent at Rs 885.60; Axis Bank, up 2.82 per cent at Rs 534.95; Tata Steel, up 2.52 per cent at Rs 595.95; ICICI Bank, up 2.30 per cent at Rs 289.40; and State Bank of India, up 1.88 per cent at Rs 246.50 per share.
 
The top losers were Dr Reddy's Lab, down 1.75 per cent at Rs 2,068.85; Tata Consultancy Services, down 1.53 per cent at Rs 3,427.70; Coal India, down 1.51 per cent at Rs 267.65; Sun Pharma, down 1.00 per cent at Rs 513.55; and HDFC Bank, down 0.41 per cent at Rs 1,979.75 per share.
 
IANS
 
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