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Monday
February 2020
7:08 AM IST
News Headlines
China says significant drop in coronavirus cases; death toll climbs to 1,665        Two more Indians test positive for coronavirus on cruise ship off Japan        Agarwal back among runs, Pant too gets some form back        India to play day-night Test in Australia        Chennaiyin FC beat ATK 3-1 to boost play-off hopes        17 people from Delhi who returned from abroad before coronavirus screening showed symptoms, hospitalised        Kejriwal calls ministers-designate for dinner ahead of swearing-in, discusses development roadmap        Shaheen Bagh protesters say ready to meet Shah, but onus on govt to call them for talks        Surendran new Kerala BJP President        France confirms first coronavirus death outside Asia        Making efforts to disembark Indians from cruise ship after quarantine period ends: Indian Embassy        Kerala beat Chattisgarh by nine wickets in C K Nayudu trophy        Ishant passes fitness test, to join Indian team in NZ for Test series        Kerala Blasters register first win over Bengaluru FC in Hero ISL        Smriti Mandhana rises to 4th in ICC T20 rankings        Bopanna-Shapovalov pair enters semifinals in Rotterdam        DoT withdraws order that asked for no coercive action against defaulting telcos        Sensex, Nifty fall for 2nd day as banking, auto stocks slide        Erdogan raises Kashmir in Pak Parliament, says issue close to both countries        Born on a boat: new baby among 87 rescued off Canary Islands        
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Business News
Sensex, Nifty edge higher on stimulus talks; post weekly loss
 
Mumbai: Benchmarks Sensex and Nifty pared early losses to settle marginally higher on Friday as participants took heart from the government considering measures to aid the ailing economy and the global markets showing some resilience.

Flipping between losses and gains for a better part of the session, the 30-share Sensex settled 38.80 points, or 0.10 per cent, higher at 37,350.33. It hit an intra-day high of 37,444.45 and a low of 36,974.41.

The broader NSE Nifty gained 18.40 points, or 0.17 per cent, to close at 11,047.80. During the day, it swung between a high of 11,068.65 and low of 10,924.30.

During the holidays-curtailed week, the Sensex lost 231.58 points, or 0.60 per cent; while the NSE Nifty gave up 61.85 points, or 0.55 per cent. On a weekly basis, both indices have posted five losses in six weeks.

Indian equity markets were closed on Monday and Thursday for public holiday.

Concerns over economic slowdown, weak earnings and global trade volatility have been weighing on investor sentiment, experts said.

Stocks of banking and auto sectors got a boost amid buzz that the Centre will come out with stimulus measures to help revive consumer spending in various sectors.

In view of fast-spreading slowdown in key sectors, the Indian government on Thursday reviewed the state of the economy.

Riding on news about possible stimulus measures, auto counters rose as much as 2.74 per cent on the BSE.

Among the auto companies, Maruti was the biggest gainer, followed by Hero Motocorp, Bajaj Auto, Mahindra and Mahindra and Tata Motors.

Yes Bank topped the list of banking sector gainers as also the Sensex chart with 3.79 per cent. Other gainers from the banking vertical on the benchmark index were

IndusInd Bank, Axis Bank, Kotak Bank, ICICI Bank and SBI.

Top five Sensex gainers were -- Yes Bank, PowerGrid, Maruti Suzuki, IndusInd Bank and Axis Bank.

On the other hand, TCS, Vedanta, HCL Tech, HDFC and RIL fell.

Sectorally, BSE utilities, auto, power, bankex, telecom, finance and realty indices ended up to 1.50 per cent higher.

While, BSE IT, energy, teck, metal and healthcare indices fell up to 0.78 per cent.

Broader BSE midcap and smallcap indices too ended in the green.

Equities in Europe were trading on a positive note in their respective early sessions.

Elsewhere in Asia, Shanghai Composite Index, Hang Seng and Nikkei ended in the green, while Kospi settled lower. However, Asian equities logged losses on a weekly basis.

Meanwhile, China hinting plans to take measures to spur economic growth helped revive investor sentiment globally.

Sanjeev Zarbade, VP PCG Research, Kotak Securities, said, "Global markets are seen ending in the red for the week on lingering concerns of trade war. This is taking a toll on the global investor confidence. Easing of bond yields are pointing towards slowdown in global economy. Indian markets also ended lower this week on disappointing earnings and selling by foreign investors."

India's economic growth has slowed to 6.8 per cent in 2018-19 - the slowest pace since 2014-15, consumer confidence is waning and foreign direct investment has plateaued. International trade and currency war is further aggravating the problem.

Meanwhile, the Indian rupee appreciated by 13 paise to 71.14 against the US dollar.

Brent crude futures, the global oil benchmark, rose 1.89 per cent to USD 59.33 per barrel.


DoT withdraws order that asked for no coercive action against defaulting telcos
Sensex, Nifty fall for 2nd day as banking, auto stocks slide
Sensex rallies over 300 pts ahead of IIP, inflation data releases
ABB India wins orders worth Rs 191 cr
Rupee settles 10 paise higher at 71.30 against USD on easing crude prices, weak dollar
Market falls for second day as coronavirus worries persist
PURE EV to set up second EV scooter unit in Telangana with Rs 100 Cr investment by 2021
Anil Ambani to pay USD 100 mn in conditional order for Chinese banks: UK court
Rupee slips 22 paise to 71.40 against USD on strong dollar demand
Not moving out of Andhra Pradesh, says Kia Motors
Deposit insurance hike: RBI says not to hit banks balance-sheets
Let's work together to make India USD 5-trn economy: PM
Volkswagen opens bookings for two new SUVs
Our target is USD 5 billion of defence export in next five years: Modi
RBI to come out with last monetary policy for FY20 on Thursday
New tax structure gives option to save tax: Revenue Secy
Govt allocates Rs 11,500 cr for Jal Jeevan Mission for FY21
FM proposes to hike customs duty on imported electric vehicles
Rupee rises 25 paise to 71.33 against US dollar
GST collection crosses Rs 1.1 lakh cr in Jan
KERALA NEWS
Surendran new Kerala BJP President
 Thiruvananthapuram: Young firebrand leader K Surendran has been named as the President of BJP Kerala  
Student who tested Positive for coronavirus discharged
CM Assembly Election : Kerala CM congrats Arvind Kejriwal for AAP''s victory
Coronavirus: 15 Kerala students stranded in China's Hubei reach Kochi
INTERNATIONAL NEWS
China says significant drop in coronavirus cases; death toll climbs to 1,665
 Beijing: China on Sunday announced a “significant drop” in coronavirus cases, as the WHO team scramb
Two more Indians test positive for coronavirus on cruise ship off Japan
France confirms first coronavirus death outside Asia
Making efforts to disembark Indians from cruise ship after quarantine period ends: Indian Embassy
NATIONAL NEWS
Kejriwal calls ministers-designate for dinner ahead of swearing-in, discusses development roadmap
 New Delhi: On the eve of his swearing-in as chief minister of Delhi, AAP national convener Arvind Ke
Shaheen Bagh protesters say ready to meet Shah, but onus on govt to call them for talks
SC allows Karti Chidambaram to travel to UK, France
Trump visit: Cong says AMC building wall to mask slum area
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