Sensex down 85 points, Nifty above 11,800
The Sensex was trading 84.57 points or 0.21 per cent down at 39,601.93, while Nifty traded 28.30 points lower at 11,837.30.
By Indo Asian News Service | Mumbai
PUBLISHED ON JUL 02, 2019 11:40 AM IST
Ahead of the Union Budget, the Sensex and Nifty on Tuesday were trading marginally in the red.
Union Budget is scheduled to be tabled on July 5. Analysts said that the Budget will be a key trigger for the markets, ahead of which some caution was being witnessed.
The Sensex was trading 84.57 points or 0.21 per cent down at 39,601.93, while Nifty traded 28.30 points lower at 11,837.30.
The Sensex opened higher at 39,811.68 from its previous close of 39,686.50.
Oil and power companies like Coal India, BPCL, ONGC, NTPC and Power Grid were the top gainers among the Nifty 50 stocks.
Yes Bank, Tata Motors and Sun Pharma were trading lower.
(This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.)
Topics
US trade nominee says Prez Joe Biden's team backs use of tariffs
Posted by Harshit Sabarwal | AFP
PUBLISHED ON FEB 25, 2021 11:59 PM IST
"Tariffs are a very important part of our fair trade remedies toolbox," US Trade Representative, Katherine Tai told the Senate Finance Committee, signaling the new US team on commerce policy had no plans for a complete about-face from the hardline stance of Donald Trump's government.
Twitter expects annual revenue to double in 2023
Reuters
PUBLISHED ON FEB 25, 2021 08:46 PM IST
The social network expects to reach at least 315 million monetizable daily active users (mDAU) by the fourth quarter of 2023.
Debt crisis threatens developing nations, says World Bank head
Bloomberg
PUBLISHED ON FEB 25, 2021 08:19 PM IST
World Bank President David Malpass spoke before the start of a meeting of finance ministers and central bankers from the Group of 20 biggest economies on Friday.
Sebi to issue guidelines related to environmental, social, corporate governance
PTI, New Delhi
PUBLISHED ON FEB 25, 2021 06:49 PM IST
Tyagi noted that certain unique trends have emerged in the wake of the pandemic.
India's top brokerage Zerodha faces investor fury after stock exchange glitch
Reuters, Mumbai
PUBLISHED ON FEB 25, 2021 06:15 PM IST
Hundreds of traders who bought stocks via Zerodha voiced concern on Twitter, with many posting pictures showing portfolio losses due to trades squared off by the broker.
IPOs this fiscal largely from companies resilient to pandemic: Sebi chairman
PTI
PUBLISHED ON FEB 25, 2021 06:13 PM IST
"Every IPO saw a good amount of subscription with every issue being oversubscribed by atleast more than 2 times. Six of the total 18 IPOs, that is 1/3rd of the total number of IPOs were oversubscribed more than 100 times. Of these 6 IPOs, 5 were oversubscribed around or over 150 times," Tyagi said.
Day after NSE disruption, India stocks advance on expiry day
Bloomberg
PUBLISHED ON FEB 25, 2021 05:57 PM IST
The NSE Nifty 50 Index climbed 0.8% to 15,097.35 in Mumbai, a day after the bourses
Netflix plans $500 million spending in Korea to crack Asia
Bloomberg
PUBLISHED ON FEB 25, 2021 05:49 PM IST
The Los Gatos, California-based company has identified South Korea as one of the keys to its success in Asia, a vast region home to more than half of the world’s population.
GameStop rally builds after puzzling ice-cream cone tweet
Posted by Kunal Gaurav | Reuters
PUBLISHED ON FEB 25, 2021 05:35 PM IST
The latest moves build on Wednesday's rally in GameStop and other so-called "stonks" favoured by retail traders on social media sites such as Reddit's WallStreetBets.
Standard Chartered restores dividend, reaffirms goals as Covid-19 halves profit
Reuters, Hong Kong
PUBLISHED ON FEB 25, 2021 03:57 PM IST
The Asia, Africa and Middle East-focused bank however warned that income in 2021 is likely to be close to last year, showing the challenge it faces to meet its modest profit goals in a world of rock-bottom interest rates.
Sensex jumps 257 points at 51,039.31; Nifty gains 115.35 points
PTI, New Delhi, Mumbai
UPDATED ON FEB 25, 2021 04:06 PM IST
- The 30-share BSE index ended 257.62 points or 0.51 per cent higher at 51,039.31.
Tesla temporarily halts production at Model 3 line in California
Bloomberg
PUBLISHED ON FEB 25, 2021 03:36 PM IST
- Workers on a Model 3 production line in Fremont were told their line would be down from Feb. 22 until March 7
'Private sector has to be involved in India's growth story': FM Sitharaman
Posted by Prashasti Singh | ANI, Bengaluru
UPDATED ON FEB 25, 2021 03:10 PM IST
Finance Minister Nirmala Sitharaman also emphasized the need for involvement and participation from the private sectors in order to meet these demands.
Kalahandi exports high quality cotton to Bangladesh
PTI, Bhawanipatna
PUBLISHED ON FEB 25, 2021 01:48 PM IST
This is for the first time on Wednesday when the Cotton Corporation of India (CCI) exported cotton to Bangladesh through a goods train from Junagarh Road railway station in the district.
Moody's projects 13.7 pc growth in FY'22, expects 7 pc contraction this fiscal
PTI, New Delhi
PUBLISHED ON FEB 25, 2021 01:35 PM IST
For current fiscal, the US-based rating agency expects the economy to contract 7 per cent, lower than its previous estimate.
