Investors are now awaiting monthly auto sales data due later in the day. The Nifty Auto Index was flat in early trading.(Bloomberg)
Investors are now awaiting monthly auto sales data due later in the day. The Nifty Auto Index was flat in early trading.(Bloomberg)

Nifty, Sensex edge up on economic recovery signs; auto sales data eyed

The NSE Nifty 50 index rose 0.15% to 12,988 by 0350 GMT, while the benchmark S&P BSE Sensex was up 0.11% at 44,198.47, after closing out November with gains of more than 11% each. Indian stock markets were closed on Monday for a holiday.
By Reuters| Posted by: Harshit Sabarwal | Bengaluru
UPDATED ON DEC 01, 2020 09:55 AM IST

Indian shares edged higher on Tuesday following their best monthly gain since April, with sentiment lifted by a smaller-than-expected contraction in Asia’s third-largest economy and broader optimism stemming from hopes for a Covid-19 vaccine.

The NSE Nifty 50 index rose 0.15% to 12,988 by 0350 GMT, while the benchmark S&P BSE Sensex was up 0.11% at 44,198.47, after closing out November with gains of more than 11% each. Indian stock markets were closed on Monday for a holiday.

Government data released after market hours on Friday showed Asia’s third-largest economy contracted by 7.5% in the September quarter, versus an 8.8% contraction expected in a Reuters poll, amid signs of a pick-up in manufacturing.

Investors are now awaiting monthly auto sales data due later in the day. The Nifty Auto Index was flat in early trading.

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The 'Special Assistance to States for capital expenditure' scheme was announced by the Centre in October last year as part of Aatmanirbhar Bharat package.(HT Photo)
The 'Special Assistance to States for capital expenditure' scheme was announced by the Centre in October last year as part of Aatmanirbhar Bharat package.(HT Photo)

FM allocates 660 crore additional funds to MP for citizen-centric reforms

PTI, New Delhi
PUBLISHED ON JAN 24, 2021 03:44 PM IST
"Fifty per cent of the approved amount has also been released to the state as first installment for the approved projects," the finance ministry said in a statement.
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The <span class='webrupee'>₹</span>40,000-crore NIIF was set up in December 2015 as an institution for enhancing infrastructure financing by investing in greenfield (new), brownfield (existing) and stalled projects.(AFP)
The 40,000-crore NIIF was set up in December 2015 as an institution for enhancing infrastructure financing by investing in greenfield (new), brownfield (existing) and stalled projects.(AFP)

NIIF makes equity investment of less than 5,000 cr in 5 yrs

PTI, New Delhi
PUBLISHED ON JAN 24, 2021 02:30 PM IST
  • According to sources, NIIF has made an equity investment of 4,689 crore, while the co-investment by its partners stood at about 7,053 crore at the end of September 2020. The quasi-sovereign wealth fund's total equity investment along with partners stood at 11,742 crore as of September 2020.
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Stove Kraft is the fourth company to open an IPO this month after Indian Railway Finance Corporation (IRFC), Indigo Paints and Home First Finance Company.(AP/ Representational)
Stove Kraft is the fourth company to open an IPO this month after Indian Railway Finance Corporation (IRFC), Indigo Paints and Home First Finance Company.(AP/ Representational)

Stove Kraft IPO to open tomorrow: What you need to know

By hindustantimes.com | Written by Meenakshi Ray, New Delhi
PUBLISHED ON JAN 24, 2021 02:27 PM IST
Stove Kraft has fixed a price band of 384-385 a share for its initial public offer and it is expected to fetch 412.62 crore at the upper end of the price band.
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A healthcare worker draws a dose of the Moderna Covid-19 vaccine from a vial at a free drive-through coronavirus disease (Covid-19) vaccine clinic.(Reuters Photo )
A healthcare worker draws a dose of the Moderna Covid-19 vaccine from a vial at a free drive-through coronavirus disease (Covid-19) vaccine clinic.(Reuters Photo )

Leaders of Covid-19 vaccine rollout deliver world-beating market gains

Bloomberg
PUBLISHED ON JAN 24, 2021 01:10 PM IST
Traders are rushing to price the global vaccine rollout and betting nations at the forefront will be the fastest to recover from the crisis, lifting their stocks, currencies and bond yields.
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The image shows a diamond which will be sold at Sotheby’s in Hong Kong.(Reuters)
The image shows a diamond which will be sold at Sotheby’s in Hong Kong.(Reuters)

Diamond trade is roaring back thanks to stuck-at-home shoppers

Bloomberg
PUBLISHED ON JAN 24, 2021 01:02 PM IST
The boom is being driven by bumper holiday jewelry sales, particularly in the vital US and Chinese markets.
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Few of the emerging markets that have started receiving positive FPIs flows this month to date are: Indonesia ($800 million), South Korea ($320 million), Taiwan ($2.3 billion) and Thailand ($113 million). (File Photo (Representative Image))
Few of the emerging markets that have started receiving positive FPIs flows this month to date are: Indonesia ($800 million), South Korea ($320 million), Taiwan ($2.3 billion) and Thailand ($113 million). (File Photo (Representative Image))

FPIs remain net buyers at 18,456 crore in January so far

PTI
PUBLISHED ON JAN 24, 2021 12:25 PM IST
According to depositories data, overseas investors pumped in 24,469 crore into equities but pulled out 6,013 crore from the bonds market between January 1-22.
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The BSE benchmark scaled the 50,000-mark for the first time on Thursday.(HT Photos)
The BSE benchmark scaled the 50,000-mark for the first time on Thursday.(HT Photos)

Mcap of 4 of top-10 valued firms jumps over 1.15 lakh crore; RIL biggest

PTI
PUBLISHED ON JAN 24, 2021 11:08 AM IST
The valuation of Reliance Industries Limited jumped 71,033.44 crore to reach 12,99,363.47 crore, becoming the biggest gainer.
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The BSE Sensex scaled the 50,000-mark for the first time on Thursday.(PTI)
The BSE Sensex scaled the 50,000-mark for the first time on Thursday.(PTI)

Markets may remain volatile in holiday-shortened week: Analysts

PTI
PUBLISHED ON JAN 24, 2021 11:03 AM IST
Among major earnings to focus on this week are from UCO Bank, Axis Bank, Bank of Baroda, Canara Bank, Hindustan Unilever Limited, Lupin, Maruti Suzuki India and Tata Motors.
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Mukesh Ambani, chairman and managing director, Reliance Industries Ltdmint(Mint File Photo )
Mukesh Ambani, chairman and managing director, Reliance Industries Ltdmint(Mint File Photo )

Mukesh Ambani is world’s 11th richest billionaire. Check who else is on the list

By hindustantimes.com | Edited by Kanishka Sarkar, Hindustan Times, New Delhi
PUBLISHED ON JAN 24, 2021 07:27 AM IST
Mukesh Ambani's bet on consumer services -- telecom and retail -- seems to be paying off despite the pandemic
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Gadkari said last year that the policy would also help recycle key raw material made available by scrapping vehicles, such as steel, aluminium and plastic, thereby lowering automobile prices.(PTI)
Gadkari said last year that the policy would also help recycle key raw material made available by scrapping vehicles, such as steel, aluminium and plastic, thereby lowering automobile prices.(PTI)

Fee waiver, road tax discount key features of Centre’s draft scrappage policy

By HT Correspondent, New Delhi
PUBLISHED ON JAN 24, 2021 05:17 AM IST
Features of the draft policy, one of whose caveats is that the vehicles that are sent to the scrapyard must be dismantled in an environment friendly way, were discussed by the ministry at the 40th meeting of the transport development council chaired by Union transport minister Nitin Gadkari on Tuesday.
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A new trade agreement between the allies is a higher priority for Johnson than it is for Biden.(Reuters)
A new trade agreement between the allies is a higher priority for Johnson than it is for Biden.(Reuters)

UK PM Boris Johnson presses US Prez Joe Biden for new trade deal

AP, Washington
PUBLISHED ON JAN 24, 2021 05:01 AM IST
The push for a new deal came in a broad-ranging call between the two leaders that touched on the global response to the coronavirus pandemic as well as the Biden administration announcing this week that the U.S. would rejoin the Paris climate accord and the World Health Organization, according to a statement from Downing Street.
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India has allowed local airlines to fly limited schedules since May after two months of a strict nationwide lockdown, gradually opening up the domestic market.(PTI)
India has allowed local airlines to fly limited schedules since May after two months of a strict nationwide lockdown, gradually opening up the domestic market.(PTI)

India’s domestic aviation operations nearing pre-pandemic levels

Bloomberg
UPDATED ON JAN 23, 2021 10:54 PM IST
As many as 257,613 passengers flew locally as on Jan. 22, compared with 30,000 passengers that traveled by air when such flights were restarted on May 25, Puri said in a Twitter post on Saturday.
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Washington : FILE - In this Jan. 21, 2021, file photo, President Joe Biden reacts to a reporters question after signing executive orders in the State Dinning Room of the White House, in Washington. Vice President Kamala Harris, left, and Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, right, look on. AP/PTI(AP01_23_2021_000009B)(AP)
Washington : FILE - In this Jan. 21, 2021, file photo, President Joe Biden reacts to a reporters question after signing executive orders in the State Dinning Room of the White House, in Washington. Vice President Kamala Harris, left, and Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, right, look on. AP/PTI(AP01_23_2021_000009B)(AP)

Oil industry reels as Joe Biden targets fossil fuels in first days

Bloomberg
PUBLISHED ON JAN 23, 2021 06:25 PM IST
  • Officials are worried that technical permitting decisions are being placed in the hands of political appointees, rather than expert regulators in the field. And they’re concerned permits -- or simply changes to them -- will be delayed for existing drilling operations.
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Called the US Citizenship Act of 2021, the legislation modernises the immigration system, and also proposes to eliminate the per country cap for employment-based green cards, a move that would benefit thousands of Indian IT professionals.(AFP)
Called the US Citizenship Act of 2021, the legislation modernises the immigration system, and also proposes to eliminate the per country cap for employment-based green cards, a move that would benefit thousands of Indian IT professionals.(AFP)

IT giants Apple, Google welcome Joe Biden's new immigration reforms

PTI, Washington
PUBLISHED ON JAN 23, 2021 05:14 PM IST
On the day one of his presidency on Wednesday, Biden sent a comprehensive immigration bill to Congress which proposes major overhauls to the system.
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The ED found that Wadhawans laundered more than <span class='webrupee'>₹</span>2500 crore out of a total <span class='webrupee'>₹</span>6600 crore the company - HDIL - had taken from PMC Bank between 2007 and 2013.(Twitter/@dir_ed)
The ED found that Wadhawans laundered more than 2500 crore out of a total 6600 crore the company - HDIL - had taken from PMC Bank between 2007 and 2013.(Twitter/@dir_ed)

PMC Bank fraud: ED arrests Viva group MD, consultant

By Vijay Kumar Yadav | Edited by Abhinav Sahay, Mumbai
PUBLISHED ON JAN 23, 2021 03:31 PM IST
  • ED's money laundering probe in the PMC Bank case began after the Mumbai police registered a criminal case in September 2019 against HDIL, its promoters Rakesh Wadhawan and Sarang Wadhawan among others.
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