Nse

Sensex at one-week low, down 49 points

Mumbai: Sliding for the third day, the BSE benchmark Sensex on Wednesday fell by 49 points to close at a fresh one-week low of 20,062.24, dragged down by over 5.5 per cent drop in L&T shares after its earnings failed to meet market expectations. The Bombay Stock Exchange 30-share barometer resumed better and moved in a range of 20,220.35 and 20,000.86, before concluding at 20,062.24, a fall of 49.37 points or 0.25 per cent. This is the lowest closing since 19,722.29 on May 14.

Similarly, the broad-based 50-issue CNX Nifty of the NSE also declined by 19.60 points or 0.32 per cent to 6,094.50. MCX-SX flagship index SX40 closed down by 20.32 points, or 0.17 per cent, at 11,861.05. Engineering and construction giant L&T was the top loser from the Sensex pack after the company's net profit fell by 6.90 per cent on standalone basis for the March 2013 quarter.

"L&T numbers were lower than our expectations," said Sanjeev Zarbade, Vice President - PCG Research, Kotak Securities. Experts said a bearish trend in European region before Federal Reserve Chairman Ben Bernanke testifies on the outlook for US economy further influenced domestic market sentiment.

The rupee's falling beyond 55.50-mark against US dollar on Wednesday also affected domestic market sentiment, said a trader. Besides L&T, Sensex constituents including RIL, HDFC Bank, HDFC, Hero MotoCorp, Tata Power, GAIL, Sterlite Ind and BHEL were among notable losers. Outside major indices, Purvankara Projects plunged nearly 8 per cent on heavy 

Sensex sheds 112 points as share sales, Fed meet weigh

Mumbai: Benchmark indices fell for the second successive session on Tuesday, as the market is trying to digest the heady gains of the past few weeks. Brokers said share sales by promoters trying to meet the 25 per cent minimum public shareholding rule, and the US Federal Reserve meeting on Wednesday, made buyers cautious. The 30-share Sensex fell 112.37 points to close at 20111.61, and the 50-share Nifty ended at...  

Sensex ends lower; pharma stocks take a hit

Mumbai: Indian shares took a breather on Monday and closed marginally in red on profit booking after hitting fresh 2.5 year highs. Pharma companies dragged key equity benchmarks lower while major auto stocks ended in green. The Sensex closed at 20223.98, down 62 points or 0.31 per cent and the Nifty ended at 6156.90 down 30 points or 0.49 percent. About 1107 shares advanced, 1298 shares declined, and 141 shares...  

'Neram' review: It reminds the viewers of karma

Cast: Nivin Pauly, Nazriya Nizam, Simhaa, Thambi Ramaiah, Nasser Director: Alphonse Putharen Rating: 4 out of 5 'Neram' tops a list of films that come once in a while to make us believe that Tamil cinema is not dead. Surprisingly, it's the first-time filmmakers, not the veterans any longer, who are keeping this industry alive and redefining entertainment with better craftsmanship. Call it the impact of Hollywood or the arrival...  

Sensex edges up at close as infra stocks rally

Mumbai: The BSE Sensex closed slightly up on Friday as a late rally in infrastructure stocks offset a decline in pharmaceutical companies. The BSE Sensex provisionally closed up 0.14 per cent while the broader Nifty provisionally ended 0.28 per cent higher. Drugmakers fell after the government formally notified a new drug pricing policy designed to increase the number of drugs deemed essential that are subject to price caps. ...  

Union cabinet approves Gandhi Heritage Sites Mission

New Delhi: The union cabinet on Thursday approved the establishment of the Gandhi Heritage Sites Mission to conserve and restore the sites associated with the Father of the Nation. "The mission would be entrusted with the identification, collation and assessment of information on Gandhi heritage material for its management and deployment," said an official release. The mission will aim at preserving for posterity 39 core sites as well as other...  

Jensen Button thrilled with Honda return to F1

London: Jenson Button, the last driver to win a grand prix for Honda, was thrilled to discover on Thursday that the Japanese carmaker was returning to Formula One as engine partner to his McLaren team from 2015. The British 2009 World champion, who won the Hungarian Grand Prix for Honda in 2006 and drove for them until they quit the sport two years later, said the announcement in Tokyo was...  

BSE Sensex ends flat; midcap stocks outperform

Mumbai: Key equity benchmarks consolidated on Thursday and managed to end in green after touching fresh multi-year highs in trade. Shares of banks, realty, auto, pharma and capital goods continued to see buying in trade and closed with smart gains. The Sensex closed at 20247.33, up 34.37 points or 0.17 per cent and the Nifty ended at 6169.90 up 23.15 points or 0.38 per cent. About 1183 shares advanced, 1270...  

Rupee up by 5 paise against dollar in early trade

Mumbai: The rupee on Wednesday rose by five paise to 54.76 against the dollar in early trade at the Interbank Foreign Exchange on selling of the US currency by exporters. Besides, a higher opening in the domestic equity market and strengthening of euro against the dollar overseas supported the rupee, forex dealers said. The rupee had lost eight paise to close at an over 1-month low of 54.81 against the...  

Nifty, Sensex end at highest level since January 2011

Mumbai: The BSE benchmark Sensex on Wednesday rose over 158 points in early trade on sustained buying by funds and retail investors, mainly in realty, banking, auto and metal sector stocks. Also, the wide-based National Stock Exchange index Nifty, regained the 6,000 points level by surging 41.10 points, or 0.69 per cent, to 6,036.50. Rising for the second straight session, the BSE's 30-share barometer rose by 158.19 points, or 0.80...  

Tata Steel shares fall on $ 1.6 billion impairment charge

Mumbai: Tata Steel Ltd shares fell as much as 2.5 per cent on Tuesday morning after it said it will book a $1.6 billion impairment charge for the financial year ended March 31. The company said it is taking the charge due to weak economic and market conditions in Europe. Tata Steel shares were down more than 2 per cent as of 9:30 am. The steel maker made the announcement...  

Sensex ends flat, shrugs off 41-month low inflation data

Mumbai: Major equity benchmarks consolidated in trade today and closed flat shrugging off 41-month low April WPI inflation number of 4.89 per cent, way below RBI's comfort zone. The Sensex closed at 19722.2 up 30.62 points and the Nifty ended at 5995.40, up 14.95 points. About 1162 shares advanced, 1206 shares declined and 146 shares were unchanged. Key gainers in the Nifty were Ranbaxy Labs, Bank of Baroda, Sun Pharma,...  

No licenses for new liquor shops in Goa till June end

Panaji: The current ban in Goa on issuing licenses for new liquor retail outlets will continue to be in effect till June end, a senior official said on Monday. "The state government has decided not to issue any new licenses for the retail sale of liquor in the state till June end this year. The applications received for new outlets are not being considered by the department for the time...  

Jewellery stocks gain up to 7.5 pc on Akshaya Tritiya

Mumbai: Shares of jewellery manufacturers on Monday gained up to 7.5 per cent in an otherwise weak stock market amid hopes of pick-up in sales of gold jewellery and coins on Akshaya Tritiya. Thangamayil Jewellers soared by 7.49 per cent, Tribhovandas Bhimji Zaveri (3.19 per cent), Tara Jewels (3 per cent), Titan Industries (1.24 per cent), Rajesh Exports (1.84 per cent), Shree Ganesh Jewellers (1.84 per cent). Akshaya Tritiya is...  

Sensex plunges as dollar firms up; ITC leads FMCG slide

Mumbai: Key equity benchmarks plunged 2 per cent on Monday, the biggest single day fall in more than a year, with brokers attributing the crash to profit taking after the recent run up. Signs of a recovery in the US economy also made investors jittery as they feel a portion of global liquidity flows could ease as the Federal Reserve starts tightening its monetary policy. The BSE Sensex closed at...  

Manchester United give perfect send-off to Ferguson, beat Swansea 2-1

Manchester: Amid a carnival atmosphere at a rainy Old Trafford, Manchester United gave the retiring Alex Ferguson and Paul Scholes the perfect send-off in their final home match by beating Swansea 2-1 in the Premier League. Ferguson, who is stepping down at the end of the season after nearly 27 years as United manager, jumped out of his seat and punched the air in delight after Rio Ferdinand volleyed the...  

After Alex Ferguson, Paul Scholes set to retire

Manchester United will bid an emotional farewell to two iconic figures at Old Trafford on Sunday. Vetran midfielder Paul Scholes will join manager Sir Alex Ferguson in bowing out at the Theatre of Dreams after a glittering playing career. The 38-year-old has not featured for the newly crowned champions since January, when he was sidelined with injury, but he is now set to make a final home appearance against Swansea....  

Sensex ends 40 points up in special trading session

Mumbai: The BSE benchmark Sensex on Saturday gained 40 points in a special two-hour trading session as investors indulged in selective buying of bluechip stocks tracking gains in healthcare and metal sector shares. The 30-share index, which had regained 20,000 level after over three months on Friday, added another 39.70, or 0.20 per cent to settle at 20,122.32. Similarly, the broad-based National Stock Exchange index Nifty rose by 12,50 points,...