25
Monday
January 2021
2:54 AM IST
News Headlines
With morale running high, Aizawl FC aim for win over Indian Arrows        England bowl Sri Lanka out for 381 in 2nd test        Coal India says geared up to meet any surge in fuel demand from power sector        Customary 'Halwa Ceremony' kickstarts process of compilation Budget documents        Larry King, broadcasting giant for half-century, dies at 87        UN: Violence in Sudan's Darfur killed 250, displaced 100,000        At 78 and the oldest president, Biden sees a world changed        Delhi Police has given nod to farmers' tractor parade on Jan 26, claim protesting unions        Govt to continue ban on Chinese apps including Tiktok        Rahul Gandhi assures revisiting GST when Cong is voted to power at Centre        Strong India following Netaji's footsteps, from LOC to LAC: PM        Stage set for grand finale of 23rd JK Racing Tyre National Racing Championship        India's track and field athletes to have first shot at Olympics in IGP Series starting Feb 18        Red carpet welcome for Rahane; Siraj heads straight to father's grave        Average flat size increases 10 pc in 2020 across 7 cities to 1,150 sq ft: Report        Rupee gains 6 paise to close near 5-month high of 72.99 vs USD        Experts: 15 more days to reach trapped China mine workers        Global Teacher Prize winner Ranjitsinh Disale hails Biden's education focus        India provides 1 million doses of COVID-19 vaccine to Nepal        SC notice to Centre, others on plea against web series Mirzapur'        
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Business News
Sensex, Nifty turn choppy; RIL jumps on KKR deal
 
Mumbai: Equity benchmark Sensex pared opening losses to turn positive in early trade on Friday amid gains in index-heavyweights Reliance Industries, Infosys and SBI.

After starting over 250 points lower, the 30-share index made a U-turn to rise over 70 points to 31,005.19.

The index, turned choppy in the first hour of trade ahead of Reserve Bank of India's press conference, scheduled for 1000 hours.

NSE Nifty was quoting 4.35 points or 0.05 per cent lower at 9,101.90.

Buying in Reliance Industries offset the negative sentiment in the market as the scrip jumped over 1 per cent after the company announced the sale of a 2.32 per cent stake in its digital unit to US private equity giant KKR for Rs 11,367 crore.

This the fifth deal in four weeks that will inject a combined Rs 78,562 crore in the oil-to-telecom conglomerate to help it pare debt.

UltraTech Cement, SBI, Infosys, Tech Mahindra were among the other gainers.

On the other hand, Tata Steel, HCL Tech, PowerGrid and NTPC were among the laggards.

In the previous session, the BSE barometer settled 114.29 points or 0.37 per cent up at 30,932.90, while the broader Nifty advanced 39.70 points, or 0.44 per cent, to 9,106.25.

Foreign portfolio investors offloaded equities worth Rs 258.73 crore in the capital market on Thursday, provisional exchange data showed.

Besides stock-specific action, investors are cautious ahead of Reserve Bank of India's announcement, traders said.

Further, weak cues from global markets and spiking COVID-19 cases in the country hit investor sentiment, they added.

India witnessed the biggest single-day spike with 6,088 COVID-19 cases, taking the tally to 1.18 lakh. The death toll rose to 3,583, according to the health ministry.

Globally, the number of cases linked to the disease has crossed 51 lakh and the death toll has topped 3.32 lakh.

Bourses in Shanghai, Hong Kong, Tokyo and Seoul were trading significantly lower.

Hong Kong led a sell-off across Asian equities after China introduced proposals to enact a national security law for the city.

Stock exchanges on Wall Street ended with losses in overnight session.

International oil benchmark Brent crude futures were trading 3.72 per cent lower at USD 34.72 per barrel.


Coal India says geared up to meet any surge in fuel demand from power sector
Customary 'Halwa Ceremony' kickstarts process of compilation Budget documents
Average flat size increases 10 pc in 2020 across 7 cities to 1,150 sq ft: Report
Rupee gains 6 paise to close near 5-month high of 72.99 vs USD
LT Foods acquires 30% stake in Netherlands-based organic speciality food firm
Asian shares mostly higher as Biden inauguration approaches
Draw inspiration from people 'who see the cup as half full': Nooyi to Indian students in US
Three UK partners with TCS to accelerate 5G network rollout
3 Adani Group-owned domestic airports accredited in ACI health accreditation programme
WhatsApp delays policy rollout to May 15
Strong startup ecosystem critically important for business: Nisa Godrej
Rupee recovers losses, settles 15 paise higher at 73.25 against US dollar
Big steel, cement firms operating as a cartel; need to place regulator: Gadkari
UP's New Excise Policy aims Rs 6,000 cr excess revenue next fiscal
'India ushering in rapid structural reforms to become USD 5 trn economy by 2025'
India urges WTO members to find permanent solution for public stock holding for food security
GDP estimates: Industries showing signs of recovery, says Niti VC
COVID-hit economy to contract 7.7 pc in 2020-21: Govt estimates
Sensex drops over 100 pts; Nifty slips below 14,100
M-cap of BSE-listed companies zoom to record high of over Rs 191 lakh cr
KERALA NEWS
Fire in luggage van of running train doused in time in Kerala
 Thiruvananthapuram: A fire broke out in a luggage van of a running train in Kerala on Sunday and was  
Kerala logs 5,005 new COVID-19 cases, 4,408 recoveries
5,960 new COVID-19 cases, 27 deaths in Kerala
Kerala transport corporation MD alleges Rs 100-crore scam
INTERNATIONAL NEWS
Larry King, broadcasting giant for half-century, dies at 87
 Los Angeles, Jan 23 (AP) Larry King, the suspenders-sporting everyman whose broadcast interviews wit
UN: Violence in Sudan's Darfur killed 250, displaced 100,000
At 78 and the oldest president, Biden sees a world changed
Experts: 15 more days to reach trapped China mine workers
NATIONAL NEWS
Delhi Police has given nod to farmers' tractor parade on Jan 26, claim protesting unions
 New Delhi, Jan 23 (PTI) The Delhi Police on Saturday gave permission to protesting farmer unions to
Govt to continue ban on Chinese apps including Tiktok
Rahul Gandhi assures revisiting GST when Cong is voted to power at Centre
SC notice to Centre, others on plea against web series Mirzapur'
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