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After swinging over 423 points intra-day, the 30-share BSE Sensex ended down by 304.26 points, or 0.73 per cent, at 41,253.74. (Photo: File | PTI)
Sensex tanks 304 points on last day of 2019; Nifty drops below 12,200
31 Dec 2019 5:05 PM

Tech Mahindra was the top loser in the Sensex pack, shedding 2.51 per cent, followed by Bajaj Auto, Reliance among others.

The 30-share BSE Sensex fell 108.21 points or 0.26 per cent to 41,449.79, and the broader NSE Nifty slipped to 12,227.75. (Photo: File | AP)
Sensex drops over 100 points amid thin global trade
31 Dec 2019 10:29 AM

Axis Bank was the top gainer; Sun Pharma, Ultratech Cement, HUL, ITC and SBI were also trading in the green.

Besides, weakening of the American currency in overseas market supported the rupee, while steady rise in crude oil prices and weak opening in domestic equities weighed on the local unit, forex traders said.
Rupee rises 8 paise to 71.23 against US dollar in early trade
31 Dec 2019 10:17 AM

At the interbank foreign exchange the rupee opened at 71.28, then gathered momentum and touched 71.23 against the USD.

ICICI Bank was the top loser in the Sensex pack, shedding 0.99 per cent, followed by SBI, TCS, HUL, Asian Paints and Axis Bank. (Photo: File)
Sensex, Nifty end up flat
30 Dec 2019 4:54 PM

After swinging over 260 points during the day, the 30-share BSE Sensex ended 17.14 points, or 0.04 per cent, lower at 41,558.

At the interbank foreign exchange the rupee opened at 71.36, then gained ground and touched 71.30, registering a rise of 5 paise over its previous close.
Rupee rises 5 paise to 71.30 against USD in early trade
30 Dec 2019 10:41 AM

The rupee could not hold on to the gains and was trading at 71.32 against the dollar at 0955 hrs.

ITC was the top gainer in the Sensex pack, rising up to 1.50 per cent, followed by Mahindra and Mahindra, HDFC Bank, Kotak Bank, TCS, Maruti and Sun Pharma. (Photo: File)
Sensex jumps over 111 points; Nifty above 12,250
30 Dec 2019 10:20 AM

The 30-share BSE Sensex was trading 109.18 points or 0.26 per cent higher at 41,684.32.

FIEO Director General Ajay Sahai said the global situation is likely to improve in the first half of 2020, which would have a positive impact on India's exports.
Exports to rebound in 2020 but growth to remain subdued
28 Dec 2019 12:37 PM

Commerce Secretary Anup Wadhawan said the current slowdown in exports is mainly due to a decline in petroleum products.

The top seven cities of Delhi, Mumbai, Kolkata, Chennai, Hyderabad, Pune and Bengaluru accounted for 4.45 billion km.
Delhi sees more night trips than Bengaluru, Mumbai, says Ola
28 Dec 2019 12:02 PM

Overall, Delhi recorded 71 million trips totalling 1.06 billion km in 2019.

The next wave of growth could come from increasing exports to large markets such as Japan, China and Africa among others. (Representational Image)
Indian pharma 'sunrise' segment, year 2020 prognosis positive for healthcare sector
28 Dec 2019 11:44 AM

As for the healthcare sector, Apollo Hospitals Group MD Suneeta Reddy said, 'The prognosis is positive.'

An announcement by Reserve Bank of India that it will conduct another simultaneous purchase and sale of government bonds lifted stocks in state-run banks. (Photo: File | AP)
Sensex rallies 411.38 points, Nifty soars above 12,200
27 Dec 2019 4:55 PM

Axis Bank was the top gainer on the Nifty 50 index, rising 3.21 per cent, while Yes Bank ended as the top loser.

On the Multi Commodity Exchange, crude for January delivery traded higher by Rs 5, or 0.11 per cent, at Rs 4,408 per barrel in 35,957 lots.
Crude oil futures gain on spot demand, global cues
27 Dec 2019 2:31 PM

Analysts said fresh bets created by participants kept crude prices higher in futures trade.

ICRA Economist Aditi Nayar expects moderation in vegetable prices to a large extent by early 2020. (Photo: File)
Inflation leaves consumers teary-eyed as pricey onions, food items bite
27 Dec 2019 1:15 PM

For most part of 2019, the government was successful in price control but the party seemed to have lost the sheen lately.

With India's flagship motor show the biennial Auto Expo round the corner, the auto sector is treating the show as the launching pad of revival.
Auto industry drives into 2020 with hope after a forgettable 2019
27 Dec 2019 10:58 AM

The industry hopes that the economy would finally come out of the slump, drawing people back to the showrooms.

At the interbank foreign exchange, the rupee opened at 71.26 then rose to 71.23 against the dollar, showing a rise of 8 paise over its previous closing.
Rupee rises 8 paise to 71.23 against US dollar in early trade
27 Dec 2019 10:04 AM

Forex traders positive opening in domestic equities supported the rupee.

SBI was the top gainer in the Sensex pack, rising up to 2.14 per cent, followed by PowerGrid, Axis Bank, Bharti Airtel, Reliance Industries (RIL), Maruti and HDFC twins. (Photo: File)
Sensex jumps over 150 points; Nifty near 12,200
27 Dec 2019 9:56 AM

The 30-share BSE Sensex was trading 161.85 points or 0.39 per cent higher at 41,325.61.

The NCLAT dismissed it by saying that the NCLT has already dealt with the issue.
NCLAT dismisses IT dept plea against Reliance Jio on demerger of tower
25 Dec 2019 12:58 PM

The IT department has contended that by scheme of arrangement, the transferor company Reliance Jio Infocomm.

Internet and Mobile Association of India too had sought clarification on the issue. (Photo: PTI)
DPIIT to soon issue clarification on 26 pc FDI in digital media sector
25 Dec 2019 11:25 AM

The DPIIT has already taken views of the Information and Broadcasting Ministry on the issue.

India, the world’s third-biggest oil importer and consumer, has set an April 1, 2020 deadline to migrate to Euro VI-compliant fuels to cut its carbon emissions.
India's November oil import growth fastest in seven months: report
25 Dec 2019 11:15 AM

India’s November oil imports rose 12.7 per cent to 19.17 million tonnes (about 4.7 million barrels per day).

In financial year 2018-19 the proportion of gross non-performing assets (NPAs) to total loans decreased to 9.1 per cent compared to 11.2 per cent in 2017-18.
RBI sees corporate governance 'fault lines' at some lenders
25 Dec 2019 10:56 AM

Indian banks have shifted towards the retail market in recent years in response to a rise in soured corporate loans.

Meanwhile the central bank said the health of the banking system has improved with the gross non-performing loan ratio remaining stable at 9.1 per cent as of September-end, the same level as in FY19.
Banks see 74 per cent rise in frauds
25 Dec 2019 4:44 AM

The number of fraud cases reported by lenders also jumped to 6,801 in 2018-19, compared to 5,916 cases in 2017-18.