BSE building in Mumbai (PTI)
BSE building in Mumbai (PTI)

Sensex opens 210 points lower at over 48,000; Nifty opens at over 14,000

On the Sensex chart, IndusInd Bank, Reliance Industries, Dr Reddy’s, Asian Paints, NTPC and Bajaj FinServ were major losers.
PTI
UPDATED ON JAN 27, 2021 10:30 AM IST

The BSE benchmark Sensex slipped over 210 points in the opening session on Wednesday, dragged lower particularly by oil & gas, pharma and banking stocks.

After opening on a slightly higher note, the BSE barometer succumbed to selling pressure and entered the negative territory to quote 210.75 points or 0.44 per cent lower at 48,136.84.

Likewise, the NSE gauge Nifty was trading 62.50 points or 0.44 per cent down at 14,176.40 in early deals.

On the Sensex chart, IndusInd Bank, Reliance Industries, Dr Reddy’s, Asian Paints, NTPC and Bajaj FinServ were major losers.

Of the Sensex constituents, 20 stocks were trading in the red and 10 in the green.

In the previous three sessions, the BSE Sensex has lost 1,444.53 points or 2.90 per cent and the NSE Nifty has shed 405.80 points or 2.77 per cent.

On Monday, the Sensex tanked 530.95 points or 1.09 per cent to close the session at 48,347.59; and the Nifty shed 133 points or 0.93 per cent to close at 14,238.90.

Analysts said investors of late have preferred taking profits off the table ahead of the Union Budget and F&O expiry.

Foreign investors sold equities worth 765.30 crore on a net basis in the Indian capital market on Monday, exchange data showed.

Indian equity markets were closed on Tuesday for the Republic Day.

Elsewhere in Asia on Wednesday, stocks were mixed as investors turned cautious after Wall Street slipped from record levels.

Meanwhile, Brent crude, the global oil benchmark, was trading higher by 0.41 per cent at 55.87 per barrel.

SHARE THIS ARTICLE ON
Close
Customers are paying more in taxes than the base price for petrol and diesel according to the latest price data for petrol and diesel.(Amal KS/ Hindustan Times)
Customers are paying more in taxes than the base price for petrol and diesel according to the latest price data for petrol and diesel.(Amal KS/ Hindustan Times)

Case to get petrol, diesel under GST

By Roshan Kishore, Hindustan Times, New Delhi
UPDATED ON MAR 05, 2021 07:21 AM IST
  • At a time when petrol and diesel prices are at an all-time high, and taxes have a bigger component in the retail price than the base price of the fuels, it is worth revisiting the debate on bringing petrol and diesel under the ambit of GST.
Close
To be sure, Sapre is also a member of the Mutual Funds Advisory Committee (MFAC) of Sebi.(Bloomberg News)
To be sure, Sapre is also a member of the Mutual Funds Advisory Committee (MFAC) of Sebi.(Bloomberg News)

FT should be probed by Sebi and not ED or cops, says Amfi

By Neil Borate, Hindustan Times, Mumbai
PUBLISHED ON MAR 05, 2021 12:55 AM IST
  • The ECIR is reportedly based on an FIR filed by the Chennai police under Section 420 of the IPC on the basis of a complaint by the Chennai Financial Markets and Accountability (CFMA), an organisation that fights for investors’ rights.
Close
Representational image of wearable technology.(Unsplash)
Representational image of wearable technology.(Unsplash)

Wearables market grew 144% in ’20 on remote working shift

By Abhijit Ahaskar, Hindustan Times, New Delhi
UPDATED ON MAR 05, 2021 06:42 AM IST
  • Shipments in the December quarter grew at a higher rate of 198% annually with 15.2 million units.
Close
In February, Reliance Retail said it is building its own supply chain by converting its Reliance Market stores into fulfilment centres, to further the reach of its new commerce venture, JioMart, and expedite deliveries..(Bloomberg)
In February, Reliance Retail said it is building its own supply chain by converting its Reliance Market stores into fulfilment centres, to further the reach of its new commerce venture, JioMart, and expedite deliveries..(Bloomberg)

E-com boom sets off a scramble for warehouses

By Kalpana Pathak, Tanya Thomas, Hindustan Times, Mumbai
PUBLISHED ON MAR 05, 2021 12:12 AM IST
  • The companies are also opting for large boxes for storage, with around 400,000-plus sq. ft being the average demand.
Close
Capco’s clients include top companies in the financial services and energy and commodities trading sectors.
Capco’s clients include top companies in the financial services and energy and commodities trading sectors.

Wipro to acquire UK consultancy Capco for $1.45 billion

By Ayushman Baruah
PUBLISHED ON MAR 05, 2021 12:05 AM IST
  • The latest acquisition is Delaporte’s boldest move to spur growth after the company ceded its position as India’s third-largest software services provider to HCL Technologies Ltd.
Close
Deliberations are at an early stage and Flipkart could still explore other options, the people said.(REUTERS)
Deliberations are at an early stage and Flipkart could still explore other options, the people said.(REUTERS)

Flipkart mulls US listing through the SPAC route

Bloomberg
PUBLISHED ON MAR 05, 2021 12:02 AM IST
  • The Bengaluru-based online retailer has been weighing a US initial public offering and it’s now also looking at other options, the people said.
Close
Two of the people said OMCs have already built a cushion of <span class='webrupee'>₹</span>2-3 per litre even as international oil prices have fallen after reaching a 13-month peak on February 24.
Two of the people said OMCs have already built a cushion of 2-3 per litre even as international oil prices have fallen after reaching a 13-month peak on February 24.

Fuel retailers may cut rates in run-up to polls

By Rajeev Jayaswal
UPDATED ON MAR 05, 2021 06:40 AM IST
  • While the base price of petrol is 33.26 per litre, it attracts 32.90 a litre central excise and 21.04 per litre local levies in Delhi.
Close
People stand outside the headquarters of the Organization of the Petroleum Exporting Countries, OPEC, in Vienna. (AP File Photo )
People stand outside the headquarters of the Organization of the Petroleum Exporting Countries, OPEC, in Vienna. (AP File Photo )

OPEC+ to extend most oil cuts into April, Saudi to keep voluntary cut

Reuters, Dubai, Moscow
PUBLISHED ON MAR 04, 2021 11:27 PM IST
The news pushed oil prices back towards their highest levels in more than a year with Brent trading up 5% above $67 a barrel as the market had expected OPEC+ to release more barrels.
Close
OPEC+ cut output by a record 9.7 million bpd last year as demand collapsed due to the pandemic.(AP)
OPEC+ cut output by a record 9.7 million bpd last year as demand collapsed due to the pandemic.(AP)

OPEC+ meet on oil output with Saudi, Russia seeing fragile recovery

Posted by Harshit Sabarwal | Reuters
PUBLISHED ON MAR 04, 2021 10:12 PM IST
Saudi Energy Minister Prince Abdulaziz bin Salman and Deputy Prime Minister Alexander Novak, lynchpins in the OPEC+ group, have to decide with their allies whether a rally in oil prices is enough to warrant more supply or if uncertainty about the coronavirus crisis should encourage more caution.
Close
UK investigates Apple's App Store for 'stifling competition' and 'hurting consumers' (Reuters File Photo)
UK investigates Apple's App Store for 'stifling competition' and 'hurting consumers' (Reuters File Photo)

UK probes Apple's App Store for 'stifling competition' and 'hurting consumers'

PTI
PUBLISHED ON MAR 04, 2021 08:57 PM IST
UK's competition watchdog, the Competition and Markets Authority, said Thursday it was looking into “suspected breaches of competition law" by Apple. The App Store, Apple responded, is “a safe and trusted place for customers.”
Close
A branch of State Bank of India (SBI) is seen.(Mint)
A branch of State Bank of India (SBI) is seen.(Mint)

SBI to conduct property e-auction tomorrow: Here’s what you need to know

By hindustantimes.com | Edited by Mallika Soni
UPDATED ON MAR 04, 2021 08:34 PM IST
  • As per SBI’s official website, the properties that are included in the auctions are those of defaulters who failed to pay their dues.
Close
The EPFO has decided it will pay an 8.5% interest on deposits based on the current position of earnings and deposits of the organisation.(File photo)
The EPFO has decided it will pay an 8.5% interest on deposits based on the current position of earnings and deposits of the organisation.(File photo)

EPFO retains 8.5% interest on EPF deposits: Here's how it is calculated

By hindustantimes.com | Edited by Mallika Soni
PUBLISHED ON MAR 04, 2021 07:22 PM IST
  • Here’s how you can calculate the EPF interest
Close
Square, Inc. says it has reached an agreement to acquire majority ownership of Tidal, the music streaming service partly owned by Jay-Z.(Greg Allen/Invision/AP)
Square, Inc. says it has reached an agreement to acquire majority ownership of Tidal, the music streaming service partly owned by Jay-Z.(Greg Allen/Invision/AP)

Square to pay $297 mn for majority stake in Jay-Z's Tidal, appoint him to board

Posted by Kunal Gaurav | Bloomberg
PUBLISHED ON MAR 04, 2021 07:09 PM IST
Jay-Z acquired Tidal for $56 million in 2015 and announced plans to turn it into the first artist-owned streaming service.
Close
FILE PHOTO: A logo of WhatsApp is pictured on a T-shirt worn by a WhatsApp-Reliance Jio representative during a drive by the two companies to educate users, on the outskirts of Kolkata, India, October 9, 2018. Picture taken October 9, 2018. REUTERS/Rupak De Chowdhuri/File Photo(REUTERS)
FILE PHOTO: A logo of WhatsApp is pictured on a T-shirt worn by a WhatsApp-Reliance Jio representative during a drive by the two companies to educate users, on the outskirts of Kolkata, India, October 9, 2018. Picture taken October 9, 2018. REUTERS/Rupak De Chowdhuri/File Photo(REUTERS)

WhatsApp adds voice and video calling feature to desktop version

Posted by Harshit Sabarwal | Reuters
PUBLISHED ON MAR 04, 2021 06:12 PM IST
The move to facilitate calls over large screens would put WhatsApp on par with video-conferencing bigwigs Zoom and Google Meet, but it is not clear if it has ambitions to compete with the two in the enterprise space.
Close
Meanwhile US crude oil inventories dropped by 1.7 million barrels in the week to Jan. 1 to 491.3 million barrels, data from industry group the American Petroleum Institute showed late on Tuesday.(Reuters file photo)
Meanwhile US crude oil inventories dropped by 1.7 million barrels in the week to Jan. 1 to 491.3 million barrels, data from industry group the American Petroleum Institute showed late on Tuesday.(Reuters file photo)

OPEC+ debates whether to raise or freeze oil output as price recovers

Reuters, Dubai/moscow
PUBLISHED ON MAR 04, 2021 05:54 PM IST
OPEC+ cut output by a record 9.7 million bpd last year as demand collapsed due to the pandemic.
Close
SHARE
Story Saved
OPEN APP