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 Jindal Steel, Tata Power, 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 Tata Motors, Infosys, and ITC, 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

Lead gain 0.2% on global cues

Rising domestic spot demand from battery-makers also supported the upside

Ceat gains on plans to hike FII holding limit

The company plans to hike FII holding to 45% from 24%

Refined soya oil up 0.8% on spot demand

Oil for delivery in December edged higher by 0.49%

Mentha oil up 0.3% on rising demand

Oil for delivery in October gained 0.31%

Cardamom up 2% on rising demand

Spice for delivery in December gained 0.59%

Back to Top