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BusinessToday.in
New Delhi, July 30, 2018
Sameet Chavan, Chief Analyst, Technical and Derivatives, Angel Broking, takes viewers through all the market action today. Market benchmark BSE Sensex rose by 157 points to close at new life-time high of 37,494.40, continuing its record setting spree for the sixth session driven by gains in index majors such as Reliance Industries and Bharti Airtel. The broader NSE Nifty settled up 41.20 points, or 0.37 per cent, at a fresh record high of 11,319.55, bettering its previous all-time of 11,278.35 hit on Friday following better-than-expected earnings by corporates.


BusinessToday.In
July 30, 2018
Market benchmark BSE Sensex rose by 157 points to close at new life-time high of 37,494.40, continuing its record setting spree for the sixth session driven by gains in index majors such as Reliance Industries and Bharti Airtel.The broader NSE Nifty settled up 41.20 points, or 0.37 per cent, at a fresh record high of 11,319.55, bettering its previous all-time of 11,278.35 hit on Friday following better-than-expected earnings by corporates.While the Sensex touched 37,533, a fresh...


BusinessToday.In
July 30, 2018
Banking rally was led by Bank of Baroda whose stock hit a fresh 17 week high level of 151.90 after the public sector lender reported a more than two-fold rise in Q1 net profit to Rs 528.26 crore.


Rajeev Dubey
July 29, 2018
Talking to BusinessToday.In's Editor Rajeev Dubey, Sterlite Copper CEO P Ramnath pointed fingers at a London-based NGO called Foil Vedanta for inciting violent protests against the company earlier this year in March.


BusinessToday.In
New Delhi, July 19, 2018
The National Company Law Tribunal (NCLT) gave its approval to the consortium of JSW Steel and AION Investments Private II Limited to acquire cash-strapped Monnet Ispat and Energy Limited on Thursday.


BusinessToday.In
July 18, 2018
The Tamil Nadu government has sought the dismissal of the petition challenging the Tamil Nadu Pollution Control Board's decision to shut down the Sterlite Copper smelter.


BusinessToday.In
July 18, 2018
Traders said positive cues from other Asian markets, tracking overnight gains in the US market following upbeat remarks from Federal Reserve Chairman Jerome Powell during his congressional testimony boosted investor sentiment.


PTI
July 17, 2018
Sentiment got a boost after global crude oil prices dropped by over 4 per cent yesterday owing to oversupply fears, helping the rupee to strengthen against the dollar, brokers said.


BusinessToday.In
New Delhi, July 16, 2018
Sameet Chavan, Chief Analyst, Technical and Derivatives, Angel Broking, takes viewers through all the market action today. The market closed lower on sell-off in banking, pharma, and metal stocks as investors turned cautious after wholesale inflation surged to a four-year high. While the Sensex fell 217 points to 36,323, Nifty closed 82 points lower at 10,936 level. The broad-based Nifty cracked below the 11,000-mark as 35 of its constituents closed in the red, led by Dr Reddy's, Tata Steel and Lupin.


BusinessToday.In
July 12, 2018
At 9:58 am, the Sensex was trading 258 points higher at 36,523 level with Nifty rising 75 points to 11,023 level. On January 29, Sensex and Nifty reached all time high levels of 36,443 and 11,171 levels, respectively on expectations from Union Budget and optimism over Q3 earnings.


Nevin John
New Delhi, July 11, 2018
Mining baron Anil Agarwal's $1 billion share buyback offer of Vedanta Resources cheered up shareholders in London as the share price shot up by 26 per cent in the morning trade to over 800 pence.


BusinessToday.in
New Delhi, July 10, 2018
China agrees to cut tariffs on Indian cancer drugsChina said on Monday it had reached an agreement with India to reduce tariffs and increase imports of Indian medicines, particularly anti-cancer drugs. The decision was part of its efforts to broaden trade relations amid its on-going spat with the United States. Both India and China slashed import tariffs of a range of products starting July 1, following the fourth round of negotiations under the Asia Pacific Trade Agreement (APT...


BusinessToday.In
July 10, 2018
The Income Tax Department seized the shares after issuing Cairn with a Rs 10,247 crore tax demand on capital gains made on at the time of the sale of business to Anil Agarwal-led Vedanta.


BusinessToday.In
July 9, 2018
The Sensex and Nifty closed higher on heavy buying in energy, capital goods, power and banking stocks following positive leads from global markets and a strengthening rupee.While the Sensex rose 276 points or 0.78% to 35,934 level, the Nifty rose 80.25 points to 10, 852 level.  Top Sensex gainers were Vedanta , Asian Paints  and Yes Bank.  Investors have shifted focus from trade tensions between China and US to Q1 corporate earnings which start tomorrow.The BSE Sensex ralli...


BusinessToday.In
July 9, 2018
Confluence of global stability, a sense that the rupee has bottomed and current valuations (of stocks) are holding the market up,\" said Harendra Kumar, Managing Director at Elara securities.


PTI
New Delhi, July 5, 2018
At a hearing before a two-member bench of the National Company Law Appellate Tribunal (NCLAT), senior lawyer Abhishek Manu Singhvi, appearing for ArcelorMittal, said \"NuMetal and Rewant Ruia are alter ego of each other. They both are the same.\"


BusinessToday.In
July 5, 2018
The market snapped its two-day winning streak, tracking losses across Asian peers ahead of imposition of US tariffs on Chinese exports.While the Sensex closed 70 points lower at 35,574, Nifty fell 20 points 10,749 level.  Unabated foreign fund outflows and a weak rupee added to the gloom, brokers said.Market heavyweight Reliance Industries slumped 2.53 per cent to 965 level after chairman Mukesh Ambani unveiled a mega fixed-line broadband initiative and announced plans for an...


BusinessToday.In
July 5, 2018
\"Investors are more circumspect about everything. Trade war-related issues can possibly pose nasty surprises if they are not reined in properly,\" said Deven Choksey, founder, KR Choksey Investment Managers.


BusinessToday.In
July 3, 2018
The market closed higher today on buying by domestic institutional investors in the backdrop of easing macro cues such as recovery in the rupee and falling crude oil prices. While the Sensex closed 114 points higher at 35,378, the Nifty rose 42 points to 10,699 level. Sun Pharma, Maruti and Infosys were the top Sensex gainers. Vedanta Ltd was the top Sensex loser after the group's decision to delist Vedanta Resources from the London Stock Exchange in $1.1 billion share buyback. The ...


Mail Today Bureau
July 3, 2018
The move comes weeks after the killing of 13 protesters in police firing at the company's copper smelter plant in Tamil Nadu last month that led to political opposition to the company in the UK and drop in its share price.


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