Sensex plunges 274 points at closing
Fears of high inflation resurface in the stock markets as 30-share BSE barometer, after a better start, falls sharply to touch 15,422.31.
By HT Correspondent | PTI, Mumbai
UPDATED ON JUN 18, 2008 05:37 PM IST
Fears of high inflation resurfaced in the stock markets on Wednesday, pulling down the benchmark Sensex by over 270 points at 15,422.31 points.
The 30-share BSE barometer, after a better start, fell sharply by 274 points at 15,422.31, the key index touched the day's low of 15,390.22 and a high of 15,789.62 points.
Similarly, the wide-based National Stock Exchange index Nifty fell by 70.08 points at 4,582.40. It dipped to 4,569.90 and rose to 4,679.75 points during the day.
Marketmen said trading sentiment tuned weak as investors fear inflation might touch double digit figure in the current week.
Banking, metal, capital goods, realty, oil and gas and IT stocks fell took a beating as investors preferred to sell.
Metal sector index suffered the most by 265.38 points at 15,251.48, followed by banking sector index by 260.73 points at 7306.44.
Capital goods index fell by 243.94 points at 12,119.33, oil and gas index by 175.44 points at 10,066.35, realty index by 213.41 points at 5885.78, IT index by 106.26 points at 4333.94 and Teck index by 65.82 points at 3376.01.
WhatsApp defers new policy on info sharing
By HT Correspondent, New Delhi
PUBLISHED ON JAN 16, 2021 11:38 PM IST
WhatsApp cancelled its February 8 deadline for accepting the tweak to its terms of service, involving sharing data with Facebook servers. The platform said it would instead “go to people gradually to review the policy at their own pace before new business options are available on May 15.”
Bitcoin swings undermine CFO case for converting cash to cryptocurrency
Bloomberg
PUBLISHED ON JAN 16, 2021 09:16 PM IST
Chief financial officers, not generally known as a risk-loving bunch, watched Bitcoin sink more than 25% in a 24-hour period starting Sunday.
HDFC Bank penalises its executive for inadvertently selling shares
PTI, Mumbai
PUBLISHED ON JAN 16, 2021 09:01 PM IST
The panel has determined that there was a violation of the Bank's Code and PIT Regulations and imposed a penalty of ₹10.20 lakh on Tata.
Adani Group rebuts allegations, says no loan to it turned NPA
PTI, New Delhi
PUBLISHED ON JAN 16, 2021 08:43 PM IST
The ports-to-energy conglomerate said it has built stellar infrastructure assets in the nation adopting prudent corporate governance.
Billionaire Jhunjhunwala-backed game startup Nazara starts India's tech IPO rush
Bloomberg
UPDATED ON JAN 16, 2021 08:23 PM IST
- Founded by gamer Nitish Mittersain in 2000, when he was a college undergrad, Nazara is among the firms that have benefited from a global boom in smartphone gaming that began even before the pandemic drove millions online.
RBI policies helped ease severity of economic impact of Covid-19: RBI Guv
PTI, New Delhi
PUBLISHED ON JAN 16, 2021 02:50 PM IST
With the principal objective during the pandemic to support economic activity, Das said, "looking back, it is evident that our policies have helped in easing the severity of the economic impact of the pandemic".
Open to examine proposal on bad banks: RBI governor Shaktikanta Das
ANI, New Delhi
PUBLISHED ON JAN 16, 2021 02:27 PM IST
Talking about the governance reforms Das said integrity and quality of governance are keys to good health and robustness of banks and non-banking financial companies (NBFCs).
Need to support economic revival, financial stability: RBI Governor
PTI, Chennai
PUBLISHED ON JAN 16, 2021 02:23 PM IST
The regulated entities on their part need to strengthen their internal defences to identify emerging risks early and manage them effectively.
Emerging markets need reserves as shock buffers, says RBI governor Das
Bloomberg
PUBLISHED ON JAN 16, 2021 01:03 PM IST
India’s rupee was Asia’s worst performer last year, as the central bank countered relentless foreign investment inflows with dollar purchases.
Virus fears return to haunt markets
By Nasrin Sultana, Mumbai
PUBLISHED ON JAN 16, 2021 08:56 AM IST
The BSE Sensex fell 549.49 points, or 1.11%, to 49,034.67, while the Nifty shed 161.90 points to 14,433.70. Shares in other Asia-Pacific regions were mostly lower. South Korea’s Kospi fell the most at 2.03%, while Japan’s Nikkei shed 0.62% and the Topix index 0.89%.
HCL Tech Dec qtr profit jumps 27% to Rs.3,982 crore
By Nandita Mathur, New Delhi
PUBLISHED ON JAN 16, 2021 08:55 AM IST
The strong performance prompted HCL Tech to lift its revenue forecast for the March quarter. It expects revenue during the quarter to grow 2-3% in constant currency terms, up from its previous estimate of 1.5-2.5%.
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.
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