Markets breathe easy, Sensex up 536 points
Sensex surges by over 530 points to regain the 13k level with buying activity picking up on strong global cues and easing of crude oil prices.
By HT Correspondent | PTI, Mumbai
UPDATED ON JUL 17, 2008 05:20 PM IST
Overcoming sustained selling pressure of the past five sessions, the Bombay Stock Exchange benchmark Sensex surged on Thursday by over 530 points to regain the 13k level with buying activity picking up on strong global cues and easing of crude oil prices.
The 30-share BSE barometer, which has lost nearly 1,350 points in past five trading sessions, gained 536.05 points at 13,111.85 points today.
It touched the day's high of 13,150.35 and a low of 12,843.79 points.
Market breadth was impressive with 28 stocks out of 30-scrip Sensex ending in green while two stocks -- Ranbaxy Labs and Tata Steel-- closing in red.
National Stock Exchange index Nifty also shot up by 130.50 points at 3,947.20, after hitting a high of 3,968.75 and a low of 3,823.15 points.
Marketmen said buying activity picked up following reports of crude oil falling from record high levels and global stock markets surging.
With crude oil prices easing, most of refinery stocks, led by Reliance Industries, recorded fresh gains.
Crude for August delivery fell three per cent in New York after the US Energy Department showed an unexpected gain in supplies as fuel demand slowed.
India’s trade deficit at 25-month high in Dec
By HT Correspondent | Livemint, New Delhi
UPDATED ON JAN 16, 2021 04:33 AM IST
India’s merchandise trade had been weakening even before the pandemic hit the economy and external demand. Since March 2020, both exports and imports started declining in high double digits, even temporarily leading to a trade surplus in June for the first time in 18 years.
How to check income tax refund status online. Read here
By hindustantimes.com | Edited by Shankhyaneel Sarkar, Hindustan Times, New Delhi
PUBLISHED ON JAN 15, 2021 11:37 PM IST
- Income tax refund (ITR) status can be checked on the National Securities Depository Limited (NSDL) website as well as on the income tax department’s e-filing site.
US industrial production jumps 1.6 per cent in December
AP
UPDATED ON JAN 15, 2021 11:19 PM IST
The December gain in industrial output followed a 0.5per cent increase in November and a 1 per cent increase in October, the Federal Reserve reported Friday.
Signal sees global outage, company says 'working hard to restore service'
Written by Meenakshi Ray
UPDATED ON JAN 15, 2021 11:18 PM IST
Site status tracker DownDetector showed there were 2,167 reports about the issue as users reported they could open the app and send messages but were being delivered later.
Messaging app Signal experiencing technical difficulties
Reuters
UPDATED ON JAN 15, 2021 10:48 PM IST
Signal has seen a rise in downloads following a controversial change in rival messaging app WhatsApp's privacy terms, which required WhatsApp users to share their data with both Facebook Inc and Instagram
Bengaluru emerges as world’s fastest growing tech hub, London second: Report
PTI, London
PUBLISHED ON JAN 15, 2021 10:37 PM IST
The UK capital of London registered an impressive three times growth between 2016 and 2020, rising from USD 3.5 billion to USD 10.5 billion.
SC asks Govt's, 61 firms' reply on PIL alleging duty evasion in iron ore exports
PTI, New Delhi
PUBLISHED ON JAN 15, 2021 09:39 PM IST
A bench headed by Chief Justice S A Bobde took note of submissions of lawyer and PIL petitioner ML Sharma that companies be prosecuted for alleged evasion of export duty by declaring wrong tariff code to export iron ore.
PVR reports net loss of ₹49 crore in Q3
PTI, New Delhi
PUBLISHED ON JAN 15, 2021 09:03 PM IST
Revenue from operations during the period under review stood at ₹45.10 crore, down 95.04 per cent from ₹915.74 crore in the corresponding quarter a year ago.
DGCA issues guidelines on carrying cargo in passenger compartment of aircraft
PTI, New Delhi
UPDATED ON JAN 15, 2021 07:44 PM IST
"Operator intending to carry cargo in passenger compartment shall apply to DGCA at least 10 days prior to the proposed commencement of operations," the regulator said in its guidelines.
Stuck in Kent: How Brexit red tape strangled cross-border trade
Bloomberg
UPDATED ON JAN 15, 2021 07:30 PM IST
Britain’s logistics industry had warned that businesses would need to hire an additional 50,000 workers to process the 200 million extra customs forms that will be required annually after Brexit.
UK prepares for another recessions as lockdowns cripple economy
AP, London
PUBLISHED ON JAN 15, 2021 07:09 PM IST
- Because of the November fall, the economy is set to contract again in the fourth quarter.
Banks in Europe yet to fully feel pandemic’s impact, warns ECB
Bloomberg
PUBLISHED ON JAN 15, 2021 04:19 PM IST
A key challenge is that companies propped up by government support measures in 2020 could find themselves in vulnerable financial positions as those programs are withdrawn.
RBI drains ₹2 trillion in a bid to nudge shorter rates higher
Bloomberg
PUBLISHED ON JAN 15, 2021 04:08 PM IST
The RBI is draining excess cash after money-market rates crashed way below its 3.35%-4.00% interest-rate corridor late last year, spurring calls from investors for it to remedy a situation that could distort banks’ asset pricing.
GAIL announces ₹1,046.35 crore share buyback
PTI, New Delhi
PUBLISHED ON JAN 15, 2021 03:25 PM IST
The government has asked at least eight state-run companies to consider share buybacks as it scours for ways of raising funds to rein in its fiscal deficit.
UK economy pushed into reverse by November lockdown
Reuters
PUBLISHED ON JAN 15, 2021 03:03 PM IST
The 2.6% monthly decline was much smaller than most analysts expected - a Reuters poll had pointed to a 5.7% contraction - but several economists said Britain was still likely to suffer a double-dip recession.