Articles by "HDFC Bank"
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Hello Jammu News at 6:28:00 PM 0

Mumbai, Aug 29: HDFC Bank today said it is adopting 30 villages and donating Rs 10 crore for relief efforts in flood-hit Kerala.

The private sector lender also announced a waiver in late payment fees on monthly loan instalments and credit cards for August to its customers in Kerala.

"We stand with the people of Kerala in this hour of distress," the bank's managing director Aditya Puri said.

As part of the village adoption, the bank will set up medical camps and rebuild health centres, support schools' renovations and reconstruction, and impart skills training to restore livelihoods, an official statement said.

The bank said it will consult the state government to finalise the measures and stressed that this is a long-term plan where its local non-profit partners will deliver the on-ground help.

Apart from adopting villages, the bank has contributed Rs 10 crore to the Chief Minister's Disaster Relief Fund. Its employees have contributed a day's salary, while the rest has come from the bank.

"While we continue to pray for their speedy return to normalcy, we hope through our efforts we are able to make a small but meaningful impact on people's lives as they come out of their suffering," said Puri.

The lender said most of its branches and 291 of the 331 automated teller machines (ATMs) have been restored.

The bank has also enabled contributions to the CM's disaster relief fund.

A total of 474 people have died in the rains and floods since May 29 when the southwest monsoon set in over Kerala. (PTI)
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Hello Jammu News at 1:24:00 PM 0

Mumbai, Aug 10: Retreating from its lifetime high, the BSE Sensex dropped 106 points in opening trade today on profit-booking in recent gainers amid a weak trend at other Asian markets.

The 30-share barometer fell by 106.02 points or 0.27 per cent to 37,918.35, with banking, PSU, metal, realty and FMCG stocks falling up to 0.30 per cent.

The gauge had gained 358.57 points in the previous two sessions.

Brokers said apart from profit-booking at record levels, a weak trend at other Asian markets following overnight losses on Wall Street dented the trading sentiment.

The wider NSE Nifty too receded from its record level and slipped 29.05 points, or 0.25 per cent to 11,441.65.

SBI, Coal India, HDFC, Sun Pharma, RIL, Tata Steel, Axis Bank, Tata Motors, HDFC Bank, IndusInd Bank, Wipro and Bajaj Auto were trading in the negative zone, falling up to 1.53 per cent.

Meanwhile, domestic institutional investors (DIIs) sold shares worth a net Rs 85.39 crore, while foreign portfolio investors (FPIs) bought shares worth Rs 370.68 crore yesterday, provisional data showed.

Asian stocks slipped as investors assessed the impact of the latest tit-for-tat in the US-China trade war.

Hong Kong's Hang Seng was down 0.40 per cent, Japan's Nikkei shed 0.53 per cent and Shanghai Composite Index fell 0.15 per cent.

The US Dow Jones Industrial Average ended 0.29 per cent lower in yesterday's trade. (PTI)
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Hello Jammu News at 12:08:00 PM 0

Mumbai, Aug 3: The benchmark Sensex staged a strong comeback in early trade today gaining over 250 points on widespread buying by participants in rate-sensitive realty, auto and banking stocks.

The 30-share index was trading higher by 253.38 points, or 0.68 per cent, at 37,418.54.

All the sectoral indices, led by realty, auto, banking, healthcare, infrastructure, power, oil and gas, PSU and metal, recovered up to 1 per cent.

The 30-share Sensex had lost 441.42 points in the previous two sessions.

The NSE Nifty reclaimed the 11,300 mark, by rising 70.55 points, or 0.62 per cent, to 11,315.25.

Major gainers were Kotak Bank, ONGC, Axis Bank, HDFC, Yes Bank, RIL, TCS, M&M, Sun Pharma, Power Grid, Vedanta, Tata Motors, Adani Ports, Maruti Suzuki, SBI, NTPC, Coal India, Bajaj Auto, HDFC Bank and Tata Steel, rising up to 2 per cent.

While, Bharti Airtel, Asian Paints and Wipro trading in the negative zone, falling up to 0.25 per cent.

Foreign portfolio investors (FPIs) sold shares worth a net of Rs 639.87 crore, while domestic institutional investors (DIIs) sold shares worth a net of Rs 340.30 crore yesterday, provisional data showed.

Overseas, Asian stocks were mixed, with several regional markets attempting to recover after sliding on trade war jitters.

Shanghai Composite Index was up 0.08 per cent, Japan's Nikkei rose 0.32 per cent, while Hong Kong's Hang Seng was down 0.22 per cent.

The US Dow Jones Industrial Average ended 0.03 per cent lower yesterday. (PTI)
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Hello Jammu News at 12:22:00 PM 0

Mumbai, Jul 31: Benchmark Sensex slipped from life highs to fall over 100 points to 37,381.05 today as markets took a breather after six consecutive record-setting sessions.

Weak trend in other Asian markets, muted earnings and fresh foreign capital outflows weighed on investor sentiment here.

Overall market mood was cautious as investors were on a wait-and-watch mode ahead of RBI policy outcome, scheduled tomorrow, and profit-booking at record level, brokers said.

The 30-share Sensex, after rising to 37,534.95 points in early trade, turned negative and retreated from record high by losing 113.55, or 0.30 per cent, to 37,381.05.

The gauge had gained 998.03 points in the previous six sessions.

The broader Nifty also slipped from record high by falling 35.40 points, or 0.31 per cent, to 11,284.15.

Major losers were HDFC, Vedanta, Tata Steel, ICICI Bank, ITC, Tata Motors, Wipro, Kotak Bank, TCS, HDFC Bank, Infosys, SBI and Coal India, falling up to 1.14 per cent.

Sectoral indices led by metal, teck, IT, infrastructure, FMCG, banking, PSU, capital goods and oil & gas stocks were trading in the negative zone.

Foreign portfolio investors (FPIs) sold shares worth a net of Rs 234.04 crore, while domestic institutional investors (DIIs) bought shares worth a net of Rs 48.58 crore yesterday, provisional data showed.

Asian shares were trading lower after Wall Street posted losses amid weakness in the technology sector.

Japan's Nikkei shed 0.39 per cent, Hong Kong's Hang Seng was down 0.56 per cent, while Shanghai Composite index fell by 0.03 per cent in early trade today.

The US Federal Reserve's Federal Open Market Committee, meanwhile, was due to begin its own monetary policy meeting today, with a decision due on Wednesday. The Fed is expected to keep rates steady at the end of its meeting.

Dow Jones Industrial Average ended lower by 0.57 per cent in yesterday's trade. (PTI)
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Hello Jammu News at 1:32:00 PM 0

Mumbai, Jul 27: The Sensex rallied over 300 points, and Nifty breached the 11,200 mark for the first time in early trade today, as ITC lifted benchmark bourses to fresh life-time highs after posting strong Q1 results.

Better-then-expected quarterly earnings by select index heavyweights, positive Asian cues and firm foreign capital inflows boosted investor sentiment here.

Keeping up its record setting spree for the fifth straight session the 30-share Sensex added 308.77 points, or 0.83 per cent, to hit a new peak of 37,293.41.

The index had gained 633.41 points in the previous five straight sessions.

NSE Nifty, too, jumped 77 points or 0.69 per cent to quote at new high of 11,244.30.

All BSE sectoral indices, led by FMCG, metal, consumer durables, banking, power and auto, rose up to 1.27 per cent.

ITC was the top gainer in the Sensex pack, surging 6.48 per cent to Rs 305.75, after it posted 10 per cent increase in standalone net profit at Rs 2,818.68 crore for the first quarter ended on June 30, 2018, aided by lower expenses, good growth in agri-business and other FMCG business despite decline in cigarettes sales.

Other gainers were Tata Steel, ICICI Bank, Hero MotoCorp, Bajaj Auto, Asian Paints, Kotak Bank, Bharti Airtel, Tata Motors, HDFC Bank, Vedanta, HDFC and Wipro, surging up to 3 per cent.

RIL rose 0.45 per cent to Rs 1,115.45, ahead of its quarterly earnings scheduled today.

Brokers said investors were busy creating new positions following the beginning of the August futures and options (F&O) series leading to the rally.

Moreover, data showing that foreign institutional investors made sizeable buying yesterday, buoyed sentiment.

Foreign portfolio investors (FPIs) bought shares worth a net of Rs 2,453.57 crore, while domestic institutional investors (DIIs) sold shares worth a net of Rs 2,716.04 crore yesterday, provisional data showed.

Overseas, Asian stocks edged higher following a series of steps by China shifting to stimulus mode.

Japan's Nikkei quoted 0.28 per cent higher, Hong Kong's Hang Seng gained 0.03 per cent in the early trade.

However, China's Shanghai composite index shed 0.06 per cent.

The Dow Jones Industrial Average ended 0.44 per cent higher yesterday. (PTI)
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Hello Jammu News at 1:41:00 PM 0

Mumbai, Jul 26: The BSE Sensex hit the 37,000 level for the first time today on widespread buying in capital goods, FMCG, realty and banking stocks amid heavy buying by domestic institutional investors and positive global cues.

NSE Nifty too touched a new peak of 11,172.20.

Short-covering of bets, today being the last session of July expiry in the derivatives segment, and strengthening rupee against the dollar, kept the overall market sentiment high.

The 30-share index crossed the 37,000-mark by jumping 156.42 points, or 0.42 per cent, to 37,014.65 in early trade today, breaching its previous intra-day record of 36,947.18 hit yesterday.

Strong gains in capital goods, FMCG, realty, banking, PSU, auto, healthcare, infrastructure, consumer durables and oil and gas stocks helped the index top the new milestone.

The NSE Nifty spurted 40.20 points, or 0.36 per cent, to hit a new peak of 11,172.20, surpassing its previous (intra-day) record of 11,171.55 hit on January 29.

Analysts said strong liquidity in the market following unabated buying by domestic institutional investors (DIIs) and encouraging Q1 earnings by some companies lifted the mood.

On a net basis, DIIs bought shares worth Rs 97.64 crore while foreign portfolio investors (FPIs) sold shares worth Rs 1,195.75 crore yesterday, provisional data showed.

Top gainers that helped Sensex scale its new peak were SBI, Bharti Airtel, Tata Motors, ITC, Coal India, L&T, ONGC, HDFC Bank, RIL, Maruti, M&M, Bajaj Auto, IndusInd Bank, Kotak Bank and HDFC, rising up to 1.79 per cent.

While, Asian Paints, Hero MotoCorp, Wipro and Infosys were among the top losers, shedding up to 1 per cent.

Asian stocks climbed tracking gains in US shares. US equities advanced yesterday, after US President Donald Trump reached an agreement with European Commission President Jean-Claude Juncker aimed at averting a transatlantic trade war.

Hong Kong's Hang Seng was up 0.56 per cent, Japan's Nikkei gained 0.02 per cent in early deals.

Shanghai Composite Index, however, shed 0.01 per cent.

The US Dow Jones Industrial Average ended 0.68 per cent higher yesterday. (PTI)
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Hello Jammu News at 12:20:00 PM 0

Mumbai, Jul 25: The benchmark Sensex turned volatile after hitting a new high of 36,928.06 in early session as investors turned cautious ahead of July futures and options (F&O) expiry amid mixed quarterly earnings.

The 30-share index rose by 102.97 (rpt) 102.97 points, or 0.27 per cent, to hit a new high of 36,928.06, bettering its previous intra-day record of 36,902.06 hit yesterday.

However, the index soon turned choppy and was trading 16.05 points, or 0.04 per cent, higher at 36,841.15 at 0940 hrs.

The gauge had rallied 473.87 points in the previous three sessions.

The 50-share NSE Nifty too turned cautious and was trading 4.40 points, or 0.04 per cent, lower at 11,129.90.

Sentiment remained cautious ahead of July series F&O expiry scheduled tomorrow amid mixed quarterly earnings, brokers said.

Prominent gainers were Vedanta, Hero MotoCorp, Tata Steel, Adani Ports, ONGC, Sn Pharma, SBI, Bajaj Auto, Tata Motors, HDFC, Wipro, L&T and PowerGrid, rising up to 1.92 per cent.

Top losers include Bharti Airtel, Asian Paints, NTPC, Coal India, Maruti and TCS falling up to 2 per cent.

Meanwhile, on a net basis, foreign funds bought shares worth Rs 104.34 crore, while domestic institutional investors made purchases worth Rs 513.78 crore yesterday, provisional data showed.

Elsewhere in Asia, Shanghai Composite Index rose 0.09 per cent, Hong Kong's Hang Seng was up 0.85 per cent, while Japan's Nikkei gained 0.54 per cent in early deals.

The US Dow Jones Industrial Average ended 0.79 per cent yesterday. (PTI)
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Hello Jammu News at 11:51:00 AM 0

Mumbai, Jul 24: Extending yesterday's rally, the benchmark BSE Sensex jumped over 150 points to record a new high of 36,869.34 in early trade today on strong Asian cues amid buying by domestic institutional investors (DIIs).

The market rally was driven by strong activity on the metal, oil and gas, PSU, infrastructure, banking, FMCG and capital goods counters, rising up to 0.88 per cent.

The 30-share BSE index spurted by 150.74 points, or 0.41 per cent, to hit a new high of 36,869.34, surpassing its previous record of 36,749.69 clocked yesterday.

The gauge has gained 367.37 points in the past two sessions.

The 50-share NSE Nifty also rose 41.15 points, or 0.37 per cent, to 11,125.90.

Major gainers include Maruti Suzuki, Tata Motors, HUL, M&M, Tata Steel, Adani Ports, L&T, ICICI Bank, Coal India, IndusInd Bank, HDFC Bank, Infosys, Power Grid, Kotak Bank, SBI, Asian Paints, HDFC, Axis Bank, Sun Pharma and ITC, rising up to 1.42 per cent.

Foreign portfolio investors (FPIs) bought shares worth a net of Rs 259.37 crore and DIIs bought shares worth a net of Rs 124.82 crore yesterday, provisional data showed.

Traders said positive cues from other Asian markets and sustained foreign capital inflows, influenced sentiments here.

Japan's Nikkei rose 0.60 per cent, Shanghai Composite Index 1.59 per cent and Hong Kong's Hang Seng 1.50 per cent in early trade.

The US Dow Jones Industrial Average ended 0.06 per cent lower yesterday and Nasdaq closed up 0.28 per cent. (PTI)
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Hello Jammu News at 12:37:00 PM 0

Mumbai, Jul 18: Extending yesterday's rally, the benchmark BSE Sensex jumped over 200 points to record a new high of 36,747.87 in early trade today amid buying by domestic institutional investors and easing global crude oil prices.

The market rally was driven by strong buying on the oil & gas, banking, PSU and realty counters and strength in the rupee.

The 30-share BSE index spurted by 227.91 points, or 0.62 per cent, to hit new high of 36,747.87, surpassing its previous record of 36,740.07 recorded on July 13.

However, at 0950hrs, the index pared some gains and was trading 108.72 points, or 0.30 per cent, higher at 36,628.68.

The gauge had gained 196.19 points in the previous session.

The 50-share NSE Nifty also rose by 62.05 points, or 0.56 per cent, to 11,070.10.

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.

Domestic institutional investors (DIIs) bought shares worth a net pf Rs 840.06 crore, while foreign portfolio investors (FPIs) sold shares worth a net of Rs 673.99 crore yesterday, provisional data released by stock exchanges showed.

Major gainers include Adani Ports, HDFC Bank, Sun Pharma, ONGC, Coal India, HDFC Ltd, Asian Paint, Wipro, Bajaj Auto, Hero MotoCorp, Maruti Suzuki, Infosys, PowerGrid, L&T, RIL and TCS, rising up to 1.65 per cent.

Sectoral indices led by oil & gas, PSU, realty and banking stocks gained up to 1.12 per cent.

Other Asian markets were trading higher too. Key indices such Japan's Nikkei rose 0.90 per cent, Shanghai Composite Index 0.43 per cent and Hong Kong's Hang Seng 0.29 per cent in early trade.

The US Dow Jones Industrial Average ended 0.22 per cent higher yesterday. (PTI)
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Hello Jammu News at 1:01:00 PM 0

Mumbai, Jul 13: The BSE Sensex hit a fresh record high of 36,740.07 points in opening session today driven by smart gains in Infosys, Coal India and Wipro, despite weak macroeconomic data released yesterday.

In addition, firm Asian cues and a strengthening rupee against the dollar supported the rally.

Rising for the sixth day, the 30-share index spurted 191.66 points, or 0.52 per cent, to hit a new peak of 36,740.07.

The gauge gained 973.86 points in previous five sessions to close at a record high at 36,548.41 in yesterday.

Sectoral indices, led by IT, metal, teck, oil & gas and consumer durables were trading in the positive zone with up to one per cent gains.

The 50-share NSE Nifty rose 48.15 points, or 0.43 per cent, to 11,071.35.

Shares of Infosys gained over 1.42 per cent ahead of first quarter results, scheduled to be released later in the day.

Among other gainers, Wipro, Coal India, L&T, RIL, Maruti Suzuki, Kotak Bank, TCS, Adani Ports, HDFC Bank, M&M, Tata Motors, IndusInd Bank, Tata Steel and Asian Paints rose up to 3.20 per cent.

Public sector bank stocks, however, took a beating after weak Index of Industrial Production (IIP) and inflation data.

Bank of Baroda, Punjab National Bank, State Bank of India, Federal Bank were to top losers in the BSE Bankex, falling up to 4 per cent.

According to two sets of official data released yesterday, retail inflation spiked to a five-month high of 5 per cent in June on costlier fuel, despite easing food prices, reducing the possibility of an interest rate cut by the Reserve Bank in its upcoming monetary policy review.

Industrial production slipped to a seven-month low of 3.2 per cent in May due to sluggish performance of manufacturing and power sectors, while retail inflation continued to remain firm in June on costlier fuel.

Continuous buying by domestic institutional investors (DIIs), amid optimism over Q1 earnings and firming trend in other Asian markets following positive leads from Wall Street, buoyed market sentiment here, traders said.

DIIs bought shares worth a net of Rs 366.40 crore, while foreign portfolio investors (FPIs) sold shares worth a net of Rs 742.63 crore yesterday, provisional exchange data showed.

Asian stocks rose as China refrained from detailing retaliation plans against threatened US tariff increases.

Hong Kong's Hang Seng gained 0.58 per cent, Japan's Nikkei too edged higher 1.47 per cent, while Shanghai Composite Index shed 0.17 per cent in early deals.

The US Dow Jones Industrial Average closed 0.91 per cent higher yesterday. (PTI)
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Hello Jammu News at 1:20:00 PM 0

Mumbai, Jul 12: The BSE Sensex soared over 400 points to hit its record high after Reliance Industries (RIL) reclaimed USD 100 billion (approx Rs 6,86,604 crore) market capitalisation as its shares a hit 52-week high today.

RIL, HDFC and HDFC Bank collectively contributed nearly 300 points to the gains on Sensex.

At 1200 hrs, the 30-share index rallied 413.89 points, or 1.14 per cent, higher to 36,679.82, surpassing its previous high of 36,444 recorded on January 29, 2018.

The broader Nifty-50 index is also trading above the key 11,000-level at 11,071.50, a gain of 123.20 points, or 1.13 per cent.

Heavy buying was seen on banking, pharma and metals counters.

Top gainers were Reliance Industries (up 5.18 per cent), Yes Bank (4.43 per cent), L&T (1.98 per cent), SBI (1.89 per cent), HUL (1.88 per cent), HDFC (1.73 per cent) and HDFC Bank (1.35 per cent).

Following the uptick in the RIL counter, the market capitalisation of the company touched Rs 6,88,513.11 crore.

Profit-booking was witnessed IT, tech and telecom counters.

Notable losers were Infosys (down 1.58 per cent) and M&M (1.46 per cent).

Sentiments were firm on higher Asian cues ahead of domestic inflation and industrial production number to be released today.

Asian markets are trading higher, despite lingering concerns around the US-China trade war that show little sign of abating.

US stocks fell yesterday after Trump administration announced new tariffs on Chinese goods, further escalating tensions between the two largest economies in the world. (PTI)
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Hello Jammu News at 12:20:00 PM 0

Mumbai, Jul 12: The benchmark Sensex jumped over 250 points to hit a record high of 36,525.66 points in early trade today, ahead of the release of key macroeconomic data amid fresh foreign capital inflows.

The 30-share index rose by 259.73 points, or 0.72 per cent, to hit a new high of 36,525.66, surpassing its previous intra-day record of 36,443.98 hit on January 29.

The gauged had gained 691.38 points in the previous four sessions, powered by a sharp rally in IT bellwether TCS following strong quarterly results.

The 50-share NSE Nifty rose 77.35 points, or 0.71 per cent, to 11,025.65.

An appreciating rupee, heavy buying by domestic institutional investors (DIIs) and encouraging start to the earnings season contributed to the uptrend, brokers said.

Investors are also optimistic ahead of the release of index of industrial production (IIP) and inflation data, scheduled to be released later in the day, they added.

Banking stocks were the biggest sectoral gainers led by BoB rising up to 2 per cent followed by SBI, Yes Bank, ICICI Bank, Axis Bank, HDFC Bank and IndusInd Bank.

Shares of Reliance Industries was trading 2 per cent higher at Rs 1,057.05.

Other prominent gainers include Maruti Suzuki, HUL, Kotak Bank, HDFC, Coal India, ITC and Bajaj Auto, rising up to 1.17 per cent.

Meanwhile, foreign funds bought shares worth a net of Rs 636.27 crore, while DIIs made purchases worth a net of Rs 15.33 crore on yesterday, provisional data showed.

Asian stocks were trading higher, after Brent crude recovered from its biggest one-day fall in two years.

Shanghai Composite Index rose 1.79 per cent, Hong Kong's Hang Seng 0.65 per cent, while Japan's Nikkei was trading 1.21 per cent higher in early deals.

US stocks, however, fell yesterday amid renewed tensions over global trade and geopolitics. The US Dow Jones Industrial Average ended 0.88 per cent lower last night. (PTI)
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Hello Jammu News at 12:14:00 PM 0

Mumbai, Jul 10: The benchmark Sensex advanced by over 200 points to reclaim the 36,000-mark in early trade today led by gains on IT, realty and capital goods counters, ahead of key quarterly results scheduled later in the day.

The 30-share index rose for the third straight day by gaining 203.87 points, or 0.57 per cent, at 36,138.59 in early trade.

IT, realty, capital goods, oil and gas, metal, tech, auto, PSU, power and banking stocks led the upward movement, by rising up to 1.16 per cent.

The gauge had gained 360.17 points in the previous session two sessions.

The NSE Nifty also recaptured the 10,900 mark. The index was trading higher by 61.85 points, or 0.57 per cent, at 10,914.75.

Support came from key stocks such as Yes Bank, RIL, Adani Ports, HDFC Bank, Bajaj Auto, SBI, Bharti Airtel, Tata Motors, ICICI Bank, Tata Steel, NTPC, Maruti, Tata Steel, Infosys, Coal India, L&T and HDFC, rising up to 1.72 per cent.

Traders said widening of bets by investors ahead of Q1 numbers from IndusInd Bank and TCS, amid sustained buying by domestic institutional investors (DIIs) influenced market sentiment.

TCS shares rose 0.65 per cent to Rs 1,900, while IndusInd Bank fell 0.17 per cent to Rs 1,951.35.



Meanwhile, DIIs bought shares worth a net of Rs 740.39 crore, while Foreign institutional investors (FIIs) sold shares worth a net of Rs 569.91 crore yesterday, provisional data showed.

Overseas, most Asian stocks rose amid optimism over the upcoming earnings season, that is expected to be sufficiently robust to overshadow a rise in trade tensions.

Hong Kong's Hang Seng rose 0.41 per cent, Japan's Nikkei gained 0.94 per cent, while China's Shanghai Composite Index shed 0.06 per cent.

US equities rose yesterday, as investors set aside concern about escalating trade tensions and rising political tension abroad to focus on the coming earnings season.

The US Dow Jones Industrial Average ended 1.31 per cent higher on yesterday. (PTI)
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Hello Jammu News at 1:08:00 PM 0
Mumbai, Jun 22: The benchmark BSE Sensex got off to a lower start today, tracking a sell-off in global markets amid escalating trade war worries.
The 30-share index, which had lost 114.94 points in the previous session, fell by another 50.91 points, or 0.14 per cent, to 35,381.48 in early trade. 
Capital goods, realty, infrastructure, power, healthcare and metal stocks showed weakness, falling by up to 0.35 per cent.
The NSE Nifty also was quoting lower by 5.20 points, or 0.05 per cent, at 10,735.90.
Major losers included Coal India, Reliance Industries, Asian Paints, SBI, Adani Ports, Sun Pharma, IndusInd Bank, Yes Bank, PowerGrid, Bajaj Auto, Maruti Suzuki and HDFC Bank, declining up to 1.40 per cent.
According to traders, sustained selling by participants in line with a weak trend at other Asian markets following overnight losses at the Wall Street amid investor concerns about the trade dispute between the US and China dampened trading sentiments here.
Meanwhile, India will raise customs duty on 29 products, including almond, walnut and pulses, imported from the US as a retaliatory action against the tariff hike by Washington.
The duty hike would come into effect from August 4, the Finance Ministry said in a notification.
In Asia, Hong Kong's Hang Seng was down 0.15 per cent and Shanghai Composite shed 0.70 per cent in early trade today. Japan's Nikkei too fell 0.74 per cent.
The US Dow Jones Industrial Average ended 0.80 per cent lower yesterday. (PTI)
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Hello Jammu News at 2:16:00 PM 0

Mumbai, Jun 1: The BSE Sensex advanced about 106 points in early session today, maintaining its positive form for the second day following robust growth data for the March quarter. 
Investors creating new positions at the beginning of the June futures and options (F&O) series also lifted the key indices.
The 30-share index, which had rallied 416.27 points in the previous session, was trading higher by 105.57 points, or 0.30 per cent, at 35,427.95.
Sectoral indices, led by metal, auto, teck, IT, consumer durables and capital goods, were trading in the positive zone with gains of up to 1.13 per cent.
The NSE Nifty also went up by 25.40 points, or 0.24 per cent, to 10,761.55.
Official data released after market hours yesterday showed that India's January-March 2018 GDP growth soared to a seven-quarter high of 7.7 per cent, spurred by robust performance of manufacturing, construction and service sectors, helping it retain the tag of the fastest growing major economy.
The rupee appreciating against the dollar also fuelled the uptrend, brokers said.
Auto stocks were in demand on expectations of encouraging sales data for the May month, to be released today.
Big gainers included ICICI Bank, Bajaj Auto, Maruti Suzuki, Sun Pharma, L&T, Tata Motors, Hero MotoCorp, Wipro, HDFC Ltd, TCS, Infosys, HUL and RIL, climbing up to 3.64 per cent.
However, other Asian markets were mixed on fresh trade war fears after the Trump administration's tariffs on imports from key allies.
Hong Kong's Hang Seng was up 0.26 per cent and Japan's Nikkei rose 0.24 per cent in their early deals while Shanghai Composite index fell 0.33 per cent.
The US Dow Jones Industrial Average ended 1.02 per cent lower in yesterday's trade. (PTI)
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Hello Jammu News at 12:59:00 PM 0



Mumbai, Apr 19: The benchmark index of Bombay Stock Exchange (BSE) on Thursday advanced 75.97 points to 34,407.65, tracking strong Asian cues supported by a rally in oil prices and easing global trade concerns.
The Nifty of National Stocks Exchange (NSE) too advanced by 34.00 points to 10,560.20.
The sensex registered intra-day high and low at 34,478.82 and 34,386.99 points respectively.
The Nifty recorded intra day high and low at 10,568.90 and 10,547.10 respectively.
Sectoral indices, Such as metal, realty, FMGC, Teck, IT and capital goods stocks were trading in the positive territory.
The gainers were Tata Steel by 2.74 pc to Rs 618.00, Yes Bank by 2.18 pc to Rs 316.50, Bharti Airtel by 1.79 pc to Rs 391.70, ONGC by 1.60 pc to Rs 184.70 and LR by 1.13 pc to Rs 1376.00
The losers were Axis Bank by 0.40 pc to Rs 511.55, HDFC by 0.59 pc to Rs 1865.55, ICICIU bnak by 0.40 pc to Rs 289.00, Bajaj Auto by 0.38 pc to Rs 2851.75 and Kotak Bank by 0.34 pc to Rs 1154.00. UNI
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Hello Jammu News at 3:40:00 PM 0


Mumbai, Apr 10: The benchmark index of Bombay Stock Exchange (BSE) rose on Tuesday by 85 point 78 points to 33,874.32 on postive global cuess.
The Nifty of National Stocks Exchange (NSE) moved up by 21.35 points to 10,400.70.
The sectoral indices like IT, Bankex, Capital Goods, Metal, Power, Realty and Technology pushed the sensex up in early trade.
The sensex registered intra day high and low at 33,949.98 and 33,813.30 respectvely.
The Nifty recorded intra day high and low at 10,424.85 and 10,381.50 respectively. 
The gainers were Axis bank by 4.64 pc to Rs 541.95,Adani Ports by 3.08 pc to Rs 387.70, ICICI Bank by 2.92 pc to Rs 288.65, Coal India by 1.51 pc to Rs 278.60 and Tata steels by 1.27 pc to Rs 594.00 The losers were M&M by 1.57 pc to Rs 773.65, Tata motors DVR by 1.41 pc to Rs 199.20 ,Bharti Airtel by 1.31 pc toi Rs 375.75, HDFC Bank by 1.19 pc to Rs 354.05 and Dr Reddy Labs bt 1.05 Pc to Rs 1918.10 UNI
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Hello Jammu News at 3:07:00 PM 0



Srinagar, Mar 14: With Supreme Court (SC) staying "mandatory" Aadhaar linking with bank accounts and mobile phones indefinitely till the final judgment is pronounced, former Jammu and Kashmir Chief Minister Omar Abdullah said that he will not link anything to Aadhaar until he absolutely has to.
Mr Abdullah, who is also the working president of National Conference (NC), asked banks and cellular companies to stop spamming him with emails and messages. 
'Dear HDFC, Airtel & others please stop spamming me with emails/messages now. I’m not linking anything to Aadhaar until I absolutely have to,' Mr Abdullah wrote on micro-blogging site twitter.
The comment by the former Chief Minister comes after a five-judge Constitution bench of the apex court, headed by Chief Justice of India Dipak Misra, on Tuesday said the government ‘cannot insist’ that citizens must provide Aadhaar details for operating bank accounts, holding phone connections and applying for tatkaal passports. UNI
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Hello Jammu News at 6:21:00 PM 0



Mumbai, Mar 12: The benchmark index of Bombay Stock Exchange (BSE) on Monday posted the biggest the single day gain of 610.80 points to 33,917.94 since July 2017 on strong global cues.
The Nifty of National Stock Exchange (NSE) too advanced by 194.55 points to 10,421.40.
The domestic stocks logged sharp gains on first trading day of the week with the Sensex and the Nifty hitting almost one-week high on upbeat global stocks. 
The day opened on a positive note at 33,468.16 rising by 161 points in opening trade. It remained in green througout the day. It spurted by 655 points to 33,962.48, day high before closing at 3,917.94, up by 610.80 poitns from its last close. The Nifty recorded day high and low at 10,433.65 and 10,295.45 points respectively.
Gains were led by strong buying demand in index heavyweights ITC, HDFC and Reliance Industries.
Global stocks gained as international trade-war concerns took a backseat to economic optimism following a stronger US jobs report released over the weekend.
Among secondary indices, the S&P BSE Mid-Cap index rose 0.76 pc. The S&P BSE Small-Cap index rose 0.56 pc. Both these indices under performed the Sensex.
The breadth, indicating the overall health of the market, once again turned positive from negative in late trade. 
On the BSE, 1,378 shares rose and 1,354 shares fell. A total of 168 shares were unchanged. Breadth was strong till morning trade. It turned negative from positive in early afternoon trade. 
The sectoral indices that rose were Telecom by 2.57 pc, Metal by 2.32 pc, Oil and Gas by 2.13 pc, FMCG by 2.13 pc, Bankex by 1.60 pc and Technology by 1.58 pc.
The indices that declined were Coal India by 2.26 pc to rs 297.80 and SBIN by 0.12 pc to rs 252.85.
Index heavyweight and cigarette major ITC jumped 4.34 pc to Rs 270.65 after the government kept cess on cigarettes unchanged at its GST Council meeting on Saturday. 
Index heavyweight Reliance Industries' (RIL) rose 1.97 pc to Rs 930 after the company's step-down subsidiary, Reliance Retail (RRL), has subscribed to 19.04 lakh common shares of KaiOS Technologies Inc
(KTI) at $3.675 per share, for cash aggregating to $7 million, translating to 16% of equity stake of KTI on a fully diluted basis. 
KTI is an emerging mobile operating system technology provider incorporated in the State of Delaware, USA in 2014. The announcement was made after market hours on Friday. 
Telecom stocks saw mixed trend. Idea Cellular was up by 0.32 pc and Reliance Communications up by 1.98 pc. 
While MTNL was down by 2.21 pc and Tata Teleservices (Maharashtra) fell by 3.5 pc. 
Telecom major Bharti Airtel gained 5.11 pc after the company's board of directors in its meeting held today has approved issuance of non-convertible debentures (NCDs) of upto Rs 10,000 crore on a private placement basis in such tranches / series and at such rates as may be approved from time to time on cumulative basis along with
all NCDs issued by the company; and issuance of foreign currency bonds upto a limit of USD1 billion or equivalent in one or more tranches. The announcement was made during market hours today. 
Jaiprakash Associates rose 5.38 pc to Rs 14.70 on bargain hunting after a recent slide. Shares of Jaiprakash Associates slumped 23.98 pc in seven trading sessions to settle at Rs 13.95 on Friday. 
Overseas, Asian and European equities edged higher as trade-war concerns took a backseat to economic optimism following a stronger-than-expected jobs report in the US. UNI 
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Hello Jammu News at 1:26:00 PM 0



Mumbai, Feb 15: The benchmark index of the Bombay Stock Exchange (BSE) on Thursday gained further by 221.13 points to open at 34,377.08 on strong global cues.
The Nifty of National Stock Exchange (NSE) too advanced by 62.45 points to 10,563.35 in early trade.
The sensex registered intra day high and low at 34,425.65 and 34,194.67 respectively.
The Nifty recorded intra day high and low at 10,588.75 and 10,518.65 respectively. 
The gainer were ICICI Bank by 2.59 pc to Rs 326.80, Infoys by 2.22 pc to Rs 1122.45, Yes Bank by 1.86 pc to Rs 326.15, SBIN by 1.59 pc to Rs 281.20 and HDFC by 1.58 pc to Rs 1842.45.
The losers were Hero MotoCop by 1.20 pc to Rs 3556.65, Asian Paints by 0.89 pc to Rs 1130.50, Coal India by 0.59 pc to Rs 305.80 and ONGC by 0.27 pc to Rs 185.35. UNI
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