New Document top_band
 
Business Standard

Sensex pares gains on CAG report

Related News

After gaining over 140 points during the day, the on Friday pared gains and closed just 34 points up, as sentiment turned sour after the CAG pegged the loss in coal allocation at Rs 1.86 lakh crore and named , , and among firms which got blocks.

After rising to the day's high of 17,801.39, the benchmark index dipped to a low of 17,622.62, after the government auditor said private firms are likely to have gained from coal blocks that were allocated on nomination basis, instead of competitive bidding.

However, helped by buying support in , , and , the Sensex ended 33.87 points up at 17,691.08. Similarly, the 50-share NSE index Nifty closed 3.35 points higher at 5,366.30.

Around 25 companies declined after the CAG said it has found irregularities in the government coal allocation and usage.

Read more on:   
|
|
|
|
|
|
|
|
|
|
|

Read More

Sebi imposes fine on three persons for lack of disclosure

Pursuant to this purchase, their total holding rose to 11.2% in the company, crossing a threshold limit of 10% to attract the provisions of Sebi's ...

Quick Links

 

Market News

Govt concessions to debt funds a partial relief: MF industry

High tax rate of 20% on the debt mutual fund will apply from July 10

FPIs pump in Rs 1.22 lakh cr in securities

In 2013, investments in Indian securities was Rs 62,288 crore

Markets snap eight-day winning streak on profit taking

Investors booked profits at higher levels after the Sensex and Nifty hit all-time highs in the previous session

Is Wipro the least preferred frontline IT stock?

Broad-based growth continues to elude the firm, sequential growth momentum fails to pick up over previous year

Gold imports stood at 638 tonnes in 2013-14

Quantity of gold imported in 2012-13 was 845 tonnes

Back to Top