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BusinessToday.in
New Delhi, August 21, 2018
Ruchit Jain, Technical Analyst, Angel Broking, takes viewers through all the market action today. The Sensex and Nifty closed flat amid mixed global cues and rupee gaining strength in trade today. However, the indices managed to clock fresh closing highs for the second consecutive session this week.


BusinessToday.In
August 21, 2018
The Sensex and Nifty closed flat amid mixed global cues and rupee gaining strength in trade today. However, the indices managed to clock fresh closing highs for the second consecutive session this week. While the Sensex rose 7 points to 38,285 level, Nifty closed 19 points higher at 11,570 level as global markets were mostly higher in subdued trading despite doubts over the prospects for resolving the trade dispute between the US and China.Meanwhile, the rupee opened higher by 17 paise to 69.65 against the dollar today versus previous close of 69.82 level. Coal India (2.59%), Axis Bank (1.92%) and NTPC (1.70%) were the top Sensex gainers. Tata Steel (2.86%), HUL (1.30%) and Vedanta (1.17%) were the top Sensex losers. The BSE healthcare sector was the top gainer among 19 sectoral indices, rising 1.12% or 170 points to 15,302 level. Market breadth was marginally negative with 1338 stocks rising compared to 1386 ending in the red on the BSE. Meanwhile, markets will remain closed tomorrow on account of Bakri Id.


BusinessToday.in
New Delhi, August 17, 2018
Why Indians should be grateful to Atal Bihari VajpayeeAs the nation mourns the loss of former Prime Minister Atal Bihari Vajpayee, it's also time to remember all that he did for India's economy. He started the 'Sarva Shiksha Abhiyaan' with the aim to provide education for all. He made India a nuclear state. Pokhran 2 was conducted during his tenure. He laid the foundation of the Golden Quadrilateral in 1999 for smoother movements of products and people. He's also considered the architect of the telecommunication sector in the country. He established a separate disinvestment ministry. He passed the Chandrayan-1 project.Health insurance to now cover mental illness says IRDAIIn a pathbreaking move, 3 months after  the Mental Healthcare Act, 2017 came into force, the Indian insurance regulator IRDAI has notified insurers to cover medical treatment for mental illnesses. The notice issued on Aug. 16, said that, \"every insurer shall make provision for medical insurance for treatment of mental illness on the same basis as is available for treatment of physical illness.\" The order is applicable on all insurance companies in India with immediate effect. The Mental Healthcare Act, 2017, which came into effect on May 29, is aimed at protecting the rights of persons with mental illnesses during delivery of mental healthcare and services.UPI gets an upgrade with new featuresNational Payments Corporation of India (NPCI) has launched UPI 2.0 in Mumbai as an upgrade to the first iteration of Unified Payments Interface (UPI) that debuted in April 2016. The new UPI version has features such as UPI Mandate and Invoice in the Inbox. There are also new security enhancements including Signed Intent and QR that are designed to let customers verify merchants before making any payments as reported by NDTV. Further, there is an option to attach UPI to an overdraft (OD) account. This comes in addition to the existing saving and current account support. Banks that are using the upgrade include State Bank of India (SBI), HDFC Bank, Axis Bank, ICICI Bank, IDBI Bank, RBL Bank, Yes Bank, Kotak Mahindra Bank, IndusInd Bank, Federal Bank, and HSBC.Mercedes-Benz to hike prices by up to 4% next monthGerman luxury carmaker Mercedes-Benz said it will hike prices of its vehicles across models by up to 4 per cent from September to offset adverse impacts of rising input costs and upward forex movement. The rising inflation due to geo-political dynamics, coupled with rising input costs and increasing forex rates has been exerting significant pressure on overall operations, Mercedes-Benz India said in a statement.Airlines advised to keep air fares in check for Kerala flightsThe Central government has asked domestic airlines to keep a check on air fares for flights operating to and from Kerala.The advisory comes as the state suffers from one of the worst bouts of floods in the recent past.According to the Ministry of Civil Aviation, airfare on 18 domestic routes are being monitored. The monsoon fury has hit different parts of Western Ghats including districts of Kerala and adjoining areas in Karnataka.Plunging rupee to increase India's oil import bill by $26 billionIndia's crude oil import bill is likely to surge by about $26 billion in 2018-19 as rupee falling to a record low has made buying of oil from overseas costlier, government officials said yesterday as reported by Mint. The Indian rupee opened at 70.25 and plunged to a fresh record low of 70.40 a dollar. Moreover, the weak rupee will also lead to a hike in the retail selling price of petrol, diesel and cooking gas (LPG).


PTI
August 16, 2018
RBI Governor Urjit Patel today unveiled UPI version 2.0 which will allow customers to use overdraft limit for making payments for merchants.


PTI
August 15, 2018
Reserve Bank of India (RBI) is examining as to whether banks have followed prudential norms in respect of these stressed assets, a senior public sector bank official said.


PTI
August 12, 2018
Out of the two accounts on sale, Bombay Rayon Fashions Ltd owesRs 2,260.79 crore to the bank. The second account, Shivam Dhatu Udyog Pvt Ltd, has to repay Rs 229.32 crore.


Anand Adhikari
August 11, 2018
Paresh Sukthankar, the man who was seen as a natural successor to Aditya Puri, MD & CEO, abruptly resigned on Friday from the largest private bank in the country.


BusinessToday.In
New Delhi, August 9, 2018
Sameet Chavan, Chief Analyst, Technical and Derivative, Angel Broking, takes viewers through all the market action today. The Sensex rose 137 points to close above the 38,000-mark for the first time, while the broader Nifty too ended at a fresh lifetime high on unabated buying by participants.


PTI
August 9, 2018
Sebi currently has powers to seek call data records (list of people in touch with the caller) of those being probed, but can't intercept calls.


BusinessToday.In
August 9, 2018
The Sensex rose 137 points to close above the 38,000-mark for the first time, while the broader Nifty too ended at a fresh lifetime high on unabated buying by participants.While, the Sensex closed at 38,024.37, breaking its previous record close of 37,887 reached yesterday, Nifty rose 20 points to close at 11,470-- surpassing its previous high of 11,450 level.ICICI Bank was the top Sensex gainer, surging 4.64 per cent, followed by Axis Bank at 3.86 per cent and SBI 2.53 per cent.The index has taken 11 sessions to scale the 38,000 mark from 37,000 level reached on July 26.Banking stocks led the rally with the BSE bankex rising 415 points or 1.32% to 32,003 level. Bank Nifty too rose 0.92% to 28,320 level. Bharti Airtel (4.64%), ONGC (1.75%) and Kotak Mahindra Bank (0.98%) were the top Sensex losers. On a net basis, foreign portfolio investors (FPIs) bought shares worth Rs 568.63 crore, while domestic institutional investors (DIIs) bought equities to the tune of Rs 30.25 crore yesterday, provisional data showed.


BusinessToday.In
August 9, 2018
At 1:00 pm, the Sensex was trading 128 points higher at 38,015 level. Meanwhile, the Nifty was trading 18 points higher at 11,468 level. It hit all-time high of 11,495 level in early trade. While the Sensex has gained 11.67% since the beginning of this year, Nifty rose 9% during the same period this year.


BusinessToday.In
August 9, 2018
At 9:56 am, the Sensex was trading 117 points higher at 38,004 level.  Meanwhile, the Nifty inched closer to the 11,500 level,  rising 45 points from its previous close. It hit all time high of 11,495 level.


BusinessToday.In
New Delhi, August 6, 2018
As many as 21 public sector banks (PSBs) and three major private sector lenders have collected Rs 5,000 crore from customers for non-maintenance of minimum balance in their accounts in 2017-18.


BusinessToday.In
New Delhi, August 6, 2018
Ruchit Jain, Technical Analyst, Angel Broking, takes viewers through all the market action today. The Sensex and Nifty closed at fresh lifetime highs powered by gains in banking, energy and telecom stocks. The 30-share Sensex hit an all-time high of 37,805 in trade. The Nifty breached the 11,400 level in early trade and touched record intra-day high of 11,427. 


BusinessToday.In
August 6, 2018
The Sensex and Nifty closed at fresh lifetime highs powered by gains in banking, energy and telecom stocks.The 30-share Sensex hit an all-time high of 37,805 in trade, breaking its previous intra-day record level of 37,711 touched on August 1, as index major Reliance Industries, ICICI Bank and Axis Bank advanced.The index shed some of the gains before closing up by 135.73 points or 0.36 per cent at 37,691. Among 30 Sensex scrips, 13 advanced while 17 declined.The Nifty breached the 11,400 level in early trade and touched record intra-day high of 11,427 on gains in consumer durables, PSU, metal and auto stocks.The 50 stock index finally closed higher by 26.30 points or 0.23 per cent at a historic high of 11,387, bettering its previous record close of 11,360 hit on Friday.Axis Bank was the top gainer in the Sensex pack, surging by 3.86 per cent. ICICI Bank rose 3.36 per cent, SBI by 3.33 per cent and Yes Bank by 1.32 per cent.Other banking stocks Punjab National Bank, Federal Bank and Bank of Baroda also contributed to the rally.Bharti Airtel rose 3.07 per cent after announced a strategic partnership with Telecom Egypt for global submarine cable systems.Reliance Industries rose further 1.25 per cent, continuing its winning run after its stellar quarterly results and a favourable award from an arbitration panel in a gas row with the government.Market breadth was positive with 1591 stocks closing higher compared with 1145 ending in the red on BSE.


BusinessToday.In
August 6, 2018
Major gainers include ICICI Bank, SBI, Yes Bank, Vedanta, Tata Steel, Adani Ports, Bharti Airtel, Axis Bank, Tata Motors, Infosys, Coal India, Hero Motocorp, Tata Motors, ONGC, RIL, M&M, Sun Pharma, Bajaj Auto, NTPC, TCS, ITC, L&T and Power Grid, rising up to 2.59 per cent.


BusinessToday.In
August 6, 2018
Samsung Galaxy On8 (2018) will be going on its first sale in India. The device is placed in the mid-range segment and comes with Samsung's trademark Infinity display.


BusinessToday.In
August 5, 2018
The top five banks in terms of their earnings from non-maintenance of minimum balance fee are SBI, HDFC Bank, Axis Bank, ICICI Bank and PNB.


BusinessToday.In
New Delhi, August 3, 2018
On Wednesday, Kotak Mahindra Bank also raised its one-month and three-month MCLR, or marginal cost of lending rate, by 5 basis points to 8.20 per cent and 8.55 per cent, respectively.


BusinessToday.In
August 3, 2018
The Sensex and Nifty reversed losses in trade today and rose to record highs powered by banking and consumer durables stocks.While the Sensex closed 391 points or 1.05% higher at 37,556, Nifty gained 1.03% or 116 points to close at 11,360.Indices hit fresh lifetime highs as investors accumulated the recently battered banking, auto and realty counters.The BSE bankex rose 502 points to 31079 level.  The  consumer durables goods index rose 320 points to 21,372 level.Bank Nifty too witnessed huge buying activity with the index closing 1.24% or 339 points higher at 27,695 level.The 30-share Sensex stayed in the green throughout the session and hit the day's high of 37,582 on a flurry of buying.  This is its biggest single-session gain since May 31, when it had surged 416.27 points.The index had lost 441 points in the previous two sessions after the RBI hiked the policy rate, making loans costlier for consumers, amid an escalation in the Sino-US trade conflict.Meanwhile, the Nifty surpassed its previous closing high of 11,356 hit on July 31.The BSE midcap and small cap indices rose 149.29 and 193 points respectively.In comparison, the BSE largecap index rose just 0.91 percent or 39.78 points.Top Sensex gainers were Axis Bank (5.17%), Vedanta Ltd (3.60%), YES Bank (2.96%), ICICI Bank (2.33%) and Kotak Mahindra Bank (2.20%).


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