20
Monday
May 2019
2:28 AM IST
News Headlines
Blast near tourist bus injures at least 17 in Egypt        Bravo, Pollard named in W Indies reserve players list for World Cup 2019        Opposition unity: Naidu meets Akhilesh, Mayawati over opposition unity post LS polls        I could be assassinated like Indira Gandhi, BJP after my life: Kejriwal        LS polls candidate attacked in Kerala        UK gets new weapons act, secures Sikh right to carry kirpans        Austrian far-right leader resigns over ''Ibiza affair''        Kedar Jadhav declared fit for 2019 World Cup        Bayern roll 5-1 over Frankfurt to clinch their 7th successive Bundesliga title        Modi is an actor, says Priyanka; compares him to Asrani in Sholay        Every religion has its own terrorist: Kamal Haasan        Modi locked up entire cabinet before demonetisation: Rahul        Afghan security forces killed in US strike in Helmand        Trump says he hopes for no war as US-Iran tensions escalate        Irfan Pathan becomes first Indian to enroll for Caribbean Premier League Players Draft        Rahul Gandhi meets Alwar gang-rape victim; says she will get justice        EC orders repolling in four booths in Kasaragod, Kannur on May 19        Cong not averse to supporting regional party leader for PM post: Ghulam Nabi        Pragya Thakur apologises for calling Godse a ''patriot''        Iran''s Zarif says ''no possibility'' of talks with US: Kyodo        
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Business News
Sensex rises over 100 pts; Nifty above 11,300
 
Mumbai: The BSE benchmark Sensex rose over 100 points Wednesday led by gains in banking stocks amid continued buying by foreign investors.

The 30-share index was trading 134.95 points, or 0.36 per cent, higher at 37,670.61, while the 50-share NSE Nifty climbed 22.10 points, or 0.20 per cent, to 11,323.30.

In the previous session, the BSE gauge settled 481.56 points, or 1.30 per cent, higher at 37,535.66. The broader Nifty closed with gains of 133.15 points, or 1.19 per cent, at 11,301.20.

Top gainers in early trade include HCL Tech, IndusInd Bank, HDFC Bank, HUL, Axis Bank, Bajaj Auto, RIL, SBI and Infosys, rising up to 2.58 per cent.

While, ONGC, NTPC, Coal India, Vedanta and Bharti Airtel fell up to 2.17 per were trading in the red.

Domestic equities extended their gains for the third session, driven by positive factors like sustained foreign fund inflows, stronger rupee and chances of the incumbent NDA government coming for a second term, experts said.

On a net basis, foreign institutional investors (FIIs) bought shares worth a net of Rs 2,477.72 crore on Tuesday, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 990.48 crore, provisional data available with BSE showed.

However, investors turned cautious, capping gains on bourses, after retail inflation jumped to a four-month high of 2.57 per cent in February, and industrial growth slipped to 1.7 per cent on account of manufacturing sector slowdown, traders said.

According to the data released by the Central Statistics Office (CSO), the Index of Industrial Production (IIP) expanded by just 1.7 per cent in January, significantly down from 7.5 per cent growth in the year-ago month.

Elsewhere in Asia, Hong Kong's Hang Seng fell 0.59 per cent, Shanghai Composite Index slipped 0.37 per cent, Kospi shed 0.88 per cent, and Japan's Nikkei cracked 1.35 per cent in early trade.

On Wall Street, Dow Jones Industrial Average ended 0.38 per cent lower on Tuesday.

The rupee, meanwhile, depreciated marginally against US dollar to 69.76.

The benchmark Brent crude futures rose 0.24 per cent to USD 66.83 per barrel.


Exports grow marginally, imports up 4.5pc in Apr
Jet Airways crisis: CEO, Deputy CEO resign
Demonetisation: ED attaches over Rs 2 crore assets in Axis Bank PMLA case
China hikes tariff on US products; says will not succumb to Trump''s pressure tactics
Andhra Bank net loss down by 51.34pc in Q4
Imminent crisis in NBFC sector: Corp Affairs Secy
China : Volvo to recall over six thousand cars
Pak to continue talks with IMF on bailout over weekend
Chinese envoy says trade talks with US have not broken down
Amazon's Bezos unveils lunar lander project 'Blue Moon'
UPL announces 26.75 pc stake buy in Allfresh
SBI reports net profit of Rs 838 cr in Mar 2019 quarter; trims bad loan ratio
HCL Tech profit stands at Rs 2,568 cr in Q4
Now Bharat Fibre service reaches Andaman Nicobar Islands
Moscow calls on all countries to keep buying Iranian Oil : Foreign ministry
Rupee drops 28 paise against dollar as US-China trade tension escalates
RBI warns Finance panel of more fiscal slippages for states
rabhu seeks report on allocation of Jet Airways slots to other airlines
Hughes, Airtel to combine India VSAT biz
GMR to raise USD 350 million via bonds for Delhi airport
KERALA NEWS
LS polls candidate attacked in Kerala
 Kannur: Independent candidate from Vadakara Lok Sabha constituency and former CPI(M) local leader CO  
Two women abort their plan to enter Lord Ayyappa temple Sabarimala
Kerala CM meets CEOs of leading business firms in Switzerland
Elephant to undergo medical test for Thrissur 'pooram'
INTERNATIONAL NEWS
Blast near tourist bus injures at least 17 in Egypt
 Cairo: A bomb exploded near the New Egyptian Museum, close to the Giza Pyramids in Egypt on Sunday,
UK gets new weapons act, secures Sikh right to carry kirpans
Austrian far-right leader resigns over ''Ibiza affair''
Afghan security forces killed in US strike in Helmand
NATIONAL NEWS
Opposition unity: Naidu meets Akhilesh, Mayawati over opposition unity post LS polls
 Lucknow: Telugu Desam Party chief and Andhra Pradesh Chief Minister Chandrababu Naidu rushed to Luck
Modi is an actor, says Priyanka; compares him to Asrani in Sholay
Every religion has its own terrorist: Kamal Haasan
Rahul Gandhi meets Alwar gang-rape victim; says she will get justice
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