Sensex down by 214 points
Sensex dropped further by 213.61 points at 1100 hrs due to persistent selling pressure on negative cues from global markets.
By HT Correspondent | PTI, Mumbai
UPDATED ON JUN 19, 2008 12:54 PM IST
The Bombay Stock Exchange benchmark Sensex dropped further by 213.61 points at 1100 hrs due to persistent selling pressure on negative cues from global markets.
All the sectoral indices were in the red. Capital goods, realty and banking shares were the worst hit.
The future deal remained uncertain with the postponement of a key meeting between the government and the left on the proposed nuclear deal between US and India.
The BSE Sensex opened lower at 15,250.47 and hovered between 15,259.36 and
15,156.75 before being quoted at 15,208.70 at 1100 hrs, showing a fall of 213.61 points from the previous close of 15,422.31.
The capital goods dropped by 293.35 points to 11,825.99, realty stocks by 146.63 points to 5,739.15 and Bankex by 204.50 points to 7,101.94.
Key indices in Asian markets were down by 1.62 per cent to 3.37 per cent at the opening session.
The Dow Jones industrial average hit its lowest level in three months yesterday as worries about a weak US economy compounded by credit sector concerns dragged down shares in banks, autos and transport firms.
Indian companies consider buying vaccines for employees
Reuters
PUBLISHED ON JAN 18, 2021 11:31 PM IST
Steel producer Jindal Steel and Power Ltd, autos-to technology conglomerate Mahindra Group and consumer goods giant ITC Ltd have begun initial checks on vaccines being available to buy after the government covers priority segments.
IMF chief sees 'high degree of uncertainty' in global outlook
Reuters
PUBLISHED ON JAN 18, 2021 08:51 PM IST
IMF Managing Director Kristalina Georgieva said a new allocation of the IMF's own currency, Special Drawing Rights, would help give countries more fiscal space to tackle the health crisis and shift to a digital and green economy.
Healthcare sector's revenue expected to grow 20% in 2021-22: Report
PTI
PUBLISHED ON JAN 18, 2021 07:58 PM IST
Domestic rating agency Icra has a stable outlook for the sector in the long-term outlook, given the swift rebound in occupancy as well as structural factors.
IRFC IPO subscribed 65% on first day of offer
PTI
PUBLISHED ON JAN 18, 2021 07:58 PM IST
Price range for the offer, which is scheduled to close on Wednesday, has been fixed at ₹25-26 per share.
GST compensation shortfall: FinMin releases installment of ₹6,000 cr to states
PTI, New Delhi
PUBLISHED ON JAN 18, 2021 07:00 PM IST
The Centre had set up a special borrowing window in October 2020 to meet the estimated shortfall of ₹1.10 lakh crore in revenue arising on account of implementation of Goods and Services Tax (GST).
Nissan to promote Japan-based contract workers to full-time
Bloomberg
PUBLISHED ON JAN 18, 2021 05:34 PM IST
The hiring plan will “enable more efficient and effective business operations as well as improve individuals’ motivation and skills,” Azusa Momose, a spokeswoman for the company said.
Forex intervention by RBI to touch USD 93 billion by March: Report
PTI, Mumbai
PUBLISHED ON JAN 18, 2021 05:13 PM IST
The report said they are more confident now that the RBI will continue to buy forex when the dollar is weakening.
Trump admin slams China's Huawei, halting shipments from Intel, others: Report
Reuters
PUBLISHED ON JAN 18, 2021 04:38 PM IST
The United States put Huawei on a Commerce Department "entity list" in May 2019, restricting suppliers from selling US goods and technology to it.
Sensex closes 470 points lower at 48,564 pts, Nifty ends session at 14,228 pts
Bloomberg
UPDATED ON JAN 18, 2021 04:20 PM IST
India’s equity benchmark fell in line with its regional peers on Monday, extending Friday’s decline. The drop moved the S&P BSE Sensex further away from the key 50,000 level it was looking to breach last week.
Shares hit over 1-week low as shadow lenders drop on fears of tighter rules
Reuters, Bengaluru
PUBLISHED ON JAN 18, 2021 04:08 PM IST
The blue-chip NSE Nifty 50 index fell 1.06% to close at 14,281.3, while the benchmark S&P BSE Sensex was down 0.96% at 48,564.27.
Tata Capital PE fund raises ₹1,250 cr to invest in urbanisation, manufacturing
PTI
PUBLISHED ON JAN 18, 2021 03:58 PM IST
The fund has both newer and existing investors, which include global and European fund of funds, Japanese institutions and a leading Asian development finance institution, a statement said.
Total speeds up renewables push with $2.5 bln investment in Indian solar power
Reuters
PUBLISHED ON JAN 18, 2021 03:44 PM IST
For its investment, Total will get a 20% stake in AGEL and a seat on its board, as well as a 50% share in the Indian firm's portfolio of solar power assets, the French firm said.
IRFC IPO opens for subscription; wise decision to invest, say experts
By hindustantimes.com | Edited by Shivani
PUBLISHED ON JAN 18, 2021 11:16 AM IST
As per experts, it will be a wise decision to invest in the IRFC IPO due to the strategic role of the Indian railways in financing growth. It also has a low-risk business model and lower credit risk.
Indian stocks drop for a second day, tracking losses in Asia
Bloomberg
PUBLISHED ON JAN 18, 2021 11:01 AM IST
Foreign investors have bought $2.4 billion worth of Indian stocks this month through Jan 14.
Bitcoin retreats from $40,000 level strategists view as key
Bloomberg
PUBLISHED ON JAN 18, 2021 10:27 AM IST
Traders seeking clues about investor appetite for risk have been gripped by Bitcoin’s stunning rally and turbulent 12% slide.