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Business Economy


Sensex drops 215.76 pts

Sensex drops 215.76 pts

Mumbai, Nov 22 (UNI) The benchmark index of Bombay Stock Exchange (BSE) on Friday slipped further by 215.76 points to settle at 40,359.41, following heavy selling in FMCG, Finance, Telecom, Bankex and Capital Goods stocks.

The National Stock Exchange (NSE) too fell by 54 points to 11,914.40.

The Nifty registered days high and low at 11,968.10 and 11,883.50 points, respectively.

Sliding by 76 points on Thursday, the Sensex opened higher by 78 points to 40,653.17 and remained day's high.

During the day, it nosedived nearly 299 points to 40,276.83 before closing at 40,359.41, sliding by 215.76 points from its last close.

The sectoral indices like FMCG, Finance, Telecom, Bankex and Capital Goods stocks dragged the market for another day.

In scrips, Infosys, TCS, Asian Paints, HCL Tech and Kotak Bank drifted lower, while buying in Tata Steel, NTPC, VEDL and Powergrid capped from further losses, the broker informed.

In the broader market, the S&P BSE Mid-Cap index fell 0.14 per cent while the S&P BSE Small-Cap index declined 0.03 per cent.

The market breadth was negative. On the BSE, 1238 shares rose and 1321 shares fell. A total of 192 shares were unchanged. In Nifty 50 index, 21 stocks advanced while 29 stocks declined.

India's GDP data for September quarter is scheduled to be published on November 29.

Ratings firm ICRA expects further deterioration in the growth of India's GDP to 4.7% in Q2 of FY2020, due to weakening momentum in the industry.

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Meity-NITI launches Digital India AatmaNirbhar Bharat App Innovation Challenge

Meity-NITI launches Digital India AatmaNirbhar Bharat App Innovation Challenge

04 Jul 2020 | 9:16 PM

New Delhi, Jul 4 (UNI) With an objective to support and build a strong ecosystem for Indian Apps, MeitY in partnership with Atal Innovation Mission – Niti Aayog on Saturday launched Digital India AatmaNirbhar Bharat App Innovation Challenge for Indian tech entrepreneurs and Startups.

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Gas Economy may remain a pipedream for India in near future

Gas Economy may remain a pipedream for India in near future

04 Jul 2020 | 9:13 PM

New Delhi, Jul 4 (UNI) The much-vaunted Gas Economy drive propelled by the NDA Government, in pursuit of a cleaner and cheaper fuel is likely to be stumbled, at least in the short and medium terms due to the price shock that has forced major global suppliers to shut-in many of their projects and put planned investments on hold.

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Gas Economy may remain pipedream for India in near future

Gas Economy may remain pipedream for India in near future

04 Jul 2020 | 7:41 PM

New Delhi, Jul 4 (UNI) The much vaunted Gas Economy drive propelled by the NDA
Government, in pursuit of a cleaner and cheaper fuel is likely to be stumbled, at least
in the short and medium terms due to the price shock that has forced major global
suppliers to shut-in many of their projects and put planned investments on hold.

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Delhi-based start-up provides free disinfection services to emergency COVID-19 care center

04 Jul 2020 | 7:30 PM

New Delhi, Jul 4 (UNI) As a social gesture, Delhi-based start-up GermCops has provided free disinfection services to Emergency COVID-19 care center in the National Capital, duly managed by the NGO called 'Doctors for you'.

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Okaya bags contract from Maharatna PSU

Okaya bags contract from Maharatna PSU

04 Jul 2020 | 6:48 PM

New Delhi, Jul 4 (UNI) Okaya, a flagship company of Okaya Power Group has announced to have bagged a major contract from Power Grid Corporation of India Limited (PGCIL), a Maharatna PSU of Government of India.

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