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Hello Jammu News at 12:58:00 PM 0

Mumbai, Aug 9: The BSE Sensex hit the 38,000 level for the first time today on widespread buying in banking, energy and PSU stocks amid unabated inflows by domestic and foreign institutional investors.

The broader NSE Nifty too touched a new peak of 11,495.20.

The 30-share Sensex climbed 162.56 points, or 0.42 per cent, to 38,050,12 in early trade today, breaching its previous intra-day record of 37,931.42 hit yesterday.

Strong gains in banking, oil and gas, PSU, realty, healthcare, IT, teck, metal, infrastructure, capital goods, FMCG, power and auto stocks spurred the index higher.

The NSE Nifty spurted 45.20 points, or 0.39 per cent, to 11,495.20, surpassing its previous (intra-day) record of 11,459.95 hit yesterday.

Analysts said strong liquidity in the market following unabated buying by foreign as well as domestic institutional investors and encouraging Q1 earnings bolstered sentiment.

On a net basis, foreign portfolio investors (FPIs) bought shares worth Rs 568.63 crore, while domestic institutional investors (DIIs) bought equities to the tune of Rs 30.25 crore yesterday, provisional data showed.

Asian shares were mixed in early trade amid rising trade tensions between the US and China.

Hong Kong's Hang Seng was up 0.89 per cent and Shanghai Composite Index surged 1.83 per cent, while Japan's Nikkei shed 0.27 per cent in early deals.

US stock market indices closed mostly lower yesterday as investors grappled with a fresh round of tariff clashes between the Trump administration and China.

The US Dow Jones Industrial Average ended 0.18 per cent lower yesterday. (PTI)
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Hello Jammu News at 12:39:00 PM 0

Mumbai, Aug 1: Breaking all previous records, the BSE Sensex advanced by over 80 points to hit a new peak of 37,690.23, while the Nifty scaled a fresh high of 11,378.95 in opening trade ahead of the Reserve Bank's bi-monthly policy meet outcome due later in the day.

The 30-share index surged 83.65 points, or 0.22 per cent, to an all-time high of 37,690.23.

The gauge had gained 1,110.21 points in the previous seven record-setting sessions and closed at an all-time high of 37,606.58 points in the previous session.

The broader NSE Nifty too hit a new high by rising 22.45 points, or 0.19 per cent, to 11,378.95.

All sectoral indices led by oil & gas, FMCG, PSU, metal and banking stocks rose up to 0.95 per cent.

Brokers said investors were seen raising bets ahead of the monetary policy announcement, and foreign institutional investors too showed buying interest.

Shares of Bajaj auto, Vedanta, TCS, Bharti Airtel, Kotak Bank, IndusInd Bank, M&M, ITC, SBI, Maruti Suzuki, Asian Paints, RIL, Coal India, Axis Bank and Yes Bank, rose up to 1.64 per cent.

Among the top losers were Tata Motors, Axis Bank, NTPC, Infosys and HDFC, falling up to 3 per cent.

Meanwhile, foreign portfolio investors (FPIs) bought shares worth a net of Rs 572.21 crore, while domestic institutional investors (DIIs) sold shares worth a net of Rs 290.87 crore yesterday, provisional data showed.

Asian stocks edged higher, following overnight gains in Wall Street, as a report of attempts to renew talks between the US and China eased trade war fears, but investors will be keeping a close eye on US Fed policy outcome due today.

Japan's Nikkei rose 0.54 per cent, Hong Kong's Hang Seng edged up 0.35 per cent and Shanghai Composite Index rose 0.21 per cent in early trade.

The US Dow Jones Industrial Average ended 0.43 per cent higher yesterday. (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 12:20:00 PM 0

Mumbai, Jul 17: The BSE Sensex recovered over 107 points to 36,431.17 in early trade today on fresh buying by investors after a sharp drop on global crude oil prices and a strengthening rupee.

The 30-share index, which had lost 224.64 points in the previous two sessions, rebounded 107.40 points, or 0.30 per cent, to 36,431.17 with stocks of oil & gas, FMCG, infrastructure, PSU, banking, consumer durables and auto sectors rising by up to 1.69 per cent.

Similarly, the broader NSE Nifty was trading 40.20 points, or 0.37 per cent, higher at 10,977.05.

Major gainers that supported the recovery were Tata Motors, Sun Pharma, Adani Ports, Yes Bank, Tata Steel, ICICI Bank, Vedanta Ltd, M&M, ONGC, RIL, Maruti Suzuki, Bajaj auto and Infosys.

Shares of state-run oil marketing companies such as HPCL, BPCL and IOC were back in demand and rose by up to 3.34 per cent, supported by a sharp fall in crude prices.

Shares of FMCG major Hindustan Unilever advanced 1.48 per cent to Rs 1,779.95 in early trade after the company yesterday posted a 19.17 per cent increase in standalone net profit at Rs 1,529 crore for the first quarter ended June 30.

Traders said besides encouraging earnings posted by some bluechip companies, a mixed trend at other Asian markets as investors tracked overnight gains on Wall Street, influenced trading sentiments here.

Investors were also awaiting US Federal Reserve Chairman Jerome Powell's first congressional testimony for hints on the pace of interest rate hikes, the added.

Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net of Rs 625.68 crore, while domestic institutional investors (DIIs) offloaded shares worth a net of Rs 70.30 crore yesterday, provisional data showed.

Elsewhere in Asia, Japan's Nikkei rose 0.77 per cent, while Singapore Index was up 0.29 per cent in early trade today. However, Hong Kong's Hang Seng was down 0.92 per cent and Shanghai Composite Index fell 1.01 per cent.

The US Dow Jones Industrial Average ended 0.18 per cent higher in yesterday's trade. (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 5:11:00 PM 0


Jammu, May 14: To get himself updated about status of the Court cases related to loan recovery by the Jammu & Kashmir Scheduled Castes, Scheduled Tribes & Backward Classes Development Corporation, Vice-Chairperson of this Public Sector Undertaking (PSU), Balbir Ram Rattan, held a meeting with officials of Jammu and Samba Districts, along with Legal Assistant at Head Office, Jammu.
Details of Jammu and Samba Districts were shared with the Vice-Chairperson, wherein he was briefed that till date 106 cases have been filed under Section 138-NIA by Jammu District against the defaulters, out of which 97 are pending/ under trial and 09 stand disposed off. Similarly, Samba District has, till date, filed 23 cases for recovery from the defaulters, out of which 03 have been disposed off and 20  cases are pending/ under trial.
The Vice Chairperson, Balbir Ram Rattan, was told by the Legal Assistant that these cases have been filed in different Courts at Jammu and the Corporation Counsels are pursuing the same so that the loaned money is recovered from such beneficiaries, who have turned out to be defaulters.
The Vice Chairperson, on this occasion, made a fervent appeal to the beneficiaries to be regular in depositing their monthly instalment to the Corporation as the same money is to be provided to other needy unemployed people of the weaker sections to set up their own earning units and be self reliant.
Those who attended the meeting included Jammu District Manager, Joginder Paul Atri, Corporation Legal Assistant, Mukhtiar Ahmed, Samba District Senior Assistant Vijay Kumar and Jammu District Junior Assistant Anil Harkar.


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