Sensex up 325 points in early trade
The Bombay Stock Exchange benchmark Sensex on Monday moved up by 325 points in early trade on the back of buying in heavy-weight stocks by funds and retail investors, tracking firm global markets.
By HT Correspondent | PTI, Mumbai
UPDATED ON JUN 16, 2008 12:28 PM IST
The Bombay Stock Exchange benchmark Sensex on Monday moved up by 325 points in early trade on the back of buying in heavy-weight stocks by funds and retail investors, tracking firm global markets.
The 30-share index, which had lost 60.58 points in the previous volatile session, recovered by 325.40 points, or 2.11 per cent to 15,515.02 in the first five minutes of trade.
The wide-based National Stock Exchange's index Nifty regained 4,600 points by surging 90.90 points, or 1.94 per cent at 4,608.
Marketmen said reports of firming trends in the global markets mainly influenced the trading sentiments, triggering fresh buying by funds.
In the US, the Dow Jones industrial Average rose 165.77 points on Friday while the Nasdaq gained over 50 points.
In Asian markets, Japan's Nikkei shares were up 2.63 per cent, while Hong kong's Hang Seng gained 2.52 per cent.
Major gainers which supported Sensex were Reliance Industries, Reliance Infra, ONGC, Maruti Udyog, State Bank of India, ACC, Bharti Airtel, BHEL, Larsen and Toubro, DLF Ltd, Grasim, HDFC Bank, HDFC LTd, ICICI Bank, Infosys Technologies, Tata Consultancy and Satyam Computers.
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.
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.