Page 1721 - Business Finance
Sensex, Nifty turn cautious amid weak global cues
The BSE benchmark Sensex opened on a negative note Tuesday as investors turned cautious after US President Donald said he was likely to go ahead with a tariff hike on Chinese goods. The 30-share Sensex was trading 27.28 points, or 0.08 per cent, lower at 35,326.80. The NSE Nifty too witnessed similar movement, and was trading 18.70 points, or 0.18 per cent, lower at 10,609.90, According to analysts, investors remain cautious due to uncertainty over US-China trade war, domestic state elections and dimming global outlook on account of sharp fall in oil prices. Top losers include Bajaj Auto, Asian Paints, Tata Steel, Vedanta, Bharti Airtel, Hero MotoCorp, HUL, ITC, M&M, NTPC, ICICI Bank and IndusInd Bank, falling up to 1.93 per cent. While top gainers include Yes Bank, Infosys, Sun Pharma, Coal India, Tata Motors, RIL, TCS, SBI and Axis Bank. On the macro front, the rupee depreciated 15 paise to 71.02 against the US dollar in early trade at the interbank foreign exchange. Crude oil ..
Market opens lower on mixed Asian cues
Key benchmark indices were trading lower in early trade. At 9:27 IST, the barometer index, the S&P BSE Sensex, was down 23.17 points or 0.07% at 35,330.91. The Nifty 50 index was down 15.45 points or 0.15% at 10,613.15. Mixed cues from other Asian shares triggered profit selling after Monday's strong rally.
JSW Steel Ltd Slips 3.04%
JSW Steel Ltd has lost 8.87% over last one month compared to 6.14% fall in S&P BSE Metal index and 5.98% rise in the SENSEX
Unichem Labs jumps after closure of inspection
Unichem Laboratories surged 8.17% to Rs 219.15 at 09:21 IST on BSE after the company said it has received establishment inspection report for post marketing adverse drug experience inspection from the US drug regulator.
Intrasoft Technologies Ltd Spikes 4.99%, S&P BSE IT Sector index Rises 1.16%
Intrasoft Technologies Ltd has added 52.83% over last one month compared to 1.88% gain in S&P BSE IT Sector index and 6.08% rise in the SENSEX
Cords Cable Industries gets approved as pre-qualified supplier with AAI
Following products are enlisted in approved list of make of AAI: a. instrumentation cables b. Co-axial cables c. Fiber optic cables d. Cat-6 cables e. Control cables f. Power cables (upto & including 1.1 KV)
Ghosn suspected of shifting personal investment losses to Nissan - Asahi
TOKYO (Reuters) - Carlos Ghosn, the former chairman of Nissan Motor Co, shifted personal investment losses incurred during the 2008 financial crisis to the automaker to avoid millions of dollars in losses himself, the Asahi Shimbun reported on Tuesday.
Voting underway for fourth-phase of JK panchayat polls
Voting for the fourth phase of the Jammu and Kashmir panchayat elections is underway at over 2,600 polling stations in the state, officials said Tuesday. Polling for the fourth of the nine-phased elections is being held at 2,618 polling stations, including 639 in the Kashmir division and 1,979 in the Jammu division, they said. The officials said polling started at 8 am and would end at 2 pm. They said 777 polling stations -- 571 in the Kashmir division and 206 in the Jammu division -- have been categorised as hypersensitive. Of the total, 5,470 candidates are in the fray for 339 sarpanch seats and 1,749 panch seats in this phase, the officials said. They said 99 sarpanchs and 969 panchs have been elected unopposed in the fourth phase. In total 4,72,160 people have the right to exercise their franchise for sarpanch seats and 3,32,502 for panch seats, the officials said. In the first phase, held on November 17, 74.1 per cent polling was recorded across the state, including 64.5 per cent
Cyber Monday on track for U.S. online shopping record
(Reuters) - Cyber Monday was on track to bring in a record $7.9 billion in U.S. online sales, as millions of shoppers scoured for steep discounts on everything from Lego sets to big-screen TVs.
Market may correct on profit selling
Domestic shares may open lower as mixed cues from other Asian shares may trigger profit selling after Monday's strong rally. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 58 points at the opening bell.
Sun Pharma in focus on plan to acquire Pola Pharma
Sun Pharmaceutical Industries announced that the company has entered into a definitive agreement to acquire Pola Pharma Inc. (Pola Pharma), a Japanese pharmaceutical company engaged in research and development, manufacture, sale and distribution of branded and generic products in Japan. The portfolio of Pola Pharma primarily comprises dermatology products. The announcement was made after market hours yesterday, 26 November 2018.
Microsoft's stock market value catches up with Apple
SAN FRANCISCO (Reuters) - Just four months after Apple Inc breached the $1 trillion mark, the iPhone maker has lost its lead as Wall Street's most valuable company and is on the verge of being replaced by Microsoft Corp.
Nepal imports 86% mobile sets from China
Nepal imported 86 per cent of the country's total mobile sets from China as of the first quarter of the current fiscal year 2018-19 that began in mid-July, the Department of Customs (DoC) said.
Trump threatens to block China trade deal
US President Donald Trump has said that it was "highly unlikely" he would accept an offer by his Chinese counterpart Xi Jinping aimed at averting Trump's plan to raise tariffs on over $200 billion of Chinese goods to 25 per cent in January 2019.
Global Markets: Asia mood soured by Trump tariff threat, oil slips anew
SYDNEY (Reuters) - Asian share markets struggled to extend a global rebound on Tuesday after U.S. President Donald Trump seemed to quash hopes of a trade truce with China, dampening risk appetite across the region.
Trump blasts GM as it announces plant closures
President Donald Trump blasted General Motors (GM) for making plans to close seven production plants, including four in the US, and demanded that the firm find a vehicle that sells in sufficient quantities to be able to increase the company's activities in Ohio, a key US election battleground.
Casino firm Landing says chairman back after assisting China probe
HONG KONG (Reuters) - Casino operator and resort developer Landing International Development Ltd <0582.HK> said its chairman and executive director, Yang Zhihui, resumed duties on Monday after assisted an investigation in China.
United Technologies to separate into three companies
(Reuters) - United Technologies Corp said on Monday it would separate into three companies consisting of its aerospace, elevators and building divisions, making it the latest industrial conglomerate to pursue such a break-up.
Oil markets cautious after recent battering, eye G20 and OPEC meetings
SINGAPORE (Reuters) - Oil markets opened cautiously on Tuesday, with many traders reluctant to take on large new positions ahead of the G20 gathering in Argentina this weekend and the OPEC meeting in Austria next week.
Asia's mood tested by Trump's tariff threats
SYDNEY (Reuters) - Asian shares battled to extend a global rebound on Tuesday after U.S. President Donald Trump seemed to quash hopes of a trade truce with China, dampening risk appetite across the region.