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Nifty inches higher in opening trade

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The was trading marginally higher in early trade. At 9:20 IST, the 50 index was up 18.25 points or 0.15% at 11,940.95.

Among secondary barometers, the Midcap 100 index was down 0.18%. The Nifty Smallcap 100 index was down 0.61%. Both these indices underperformed the index.

On NSE, 601 shares rose and 934 shares fell. A total of 529 shares were unchanged.

Overseas, Asian stock markets were trading higher on Tuesday. In the US market, stocks advanced as investors cheered the agreement struck between the US and to avoid tariffs being implemented. Meanwhile, on the US-trade front, reportedly said on Monday he was ready to impose another round of punitive tariffs on Chinese imports if he cannot make progress in trade talks with Chinese at the summit. US reportedly expects to meet Xi at the June 28-29 summit in Osaka,

was down 8.81%. Some suggested that has decided to halt negotiations to buy a stake in Jet Airways, while of has put on hold a plan to add more investments in the Mumbai-based

(RIL) was up 0.23%. RIL is planning to shut down one of the crude distillation units and coker unit of its at Jamnagar for routine maintenance and inspection activities, for about three to four weeks starting from 20 June 2019. The other crude distillation and secondary processing units are expected to operate normally during this period. The announcement was made after market hours yesterday, 10 June 2019.

was up 0.20%. The company has announced the roll-out of Total Operations System (TOPS) CREW, a fully-integrated IT product suite for global airlines. It has been developed jointly by and in a co-investment model which helps in increasing the safety awareness, efficiency and profitability of operations. TOPS CREW, a recent addition in TOPS, helps maximize productivity by managing crew operations, optimize costs and reducing operational delays. The announcement was made after market hours yesterday, 10 June 2019.

was down 0.95%. The company has upgraded in Delhi NCR and deployed LTE to boost indoor coverage and enhance indoor network experience for customers. Bharati Airtel has also set up latest such as Pre-5G, Volte, Massive MIMO and Carrier Aggregation to serve the massive surge in data. The announcement was made after market hours yesterday, 10 June 2019.

(Sebi) on Monday, 10 June 2019, proposed an informant mechanism to blow the whistle on insider trading cases, wherein genuine whistleblowers could get monetary reward of Rs 1 crore as well as amnesty from regulatory action. Proposing a mechanism that provides near absolute confidentiality along with appropriate safeguards, Sebi said it would help strengthen the mechanism for early detection of insider trading cases.

The (RBI) on Monday, 10 June 2019, relaxed norms for (BSBD) account. Banks are now advised to offer card or ATM-cum-Debit card and allow minimum of four withdrawals in a month, including withdrawals. There shall be no limit on number and value of deposits that can be made in a month. The BSBD account holders should be allowed to deposit cash at as well as ATMs/CDMs. Receipt/ credit of money should be allowed through any electronic channel or by means of deposit /collection of cheques drawn by agencies and departments. The rules will come into force from 1 July.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, June 11 2019. 09:22 IST
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