Re crash pulls Sensex down

MUMBAI, January 14: Wild fluctuation was witnessed in the BSE-30 share index due to uncertainty over the rupee front, coupled with the conti...

MUMBAI, January 14: Wild fluctuation was witnessed in the BSE-30 share index due to uncertainty over the rupee front, coupled with the continuous bouts of sales pressed by the institutional players at the index based stocks. Reflecting the buoyant mood of the market, the index hovered in band of 3,380.98 and 3,482.05, to finally close at 3,400.79 points, registering a net loss of 30.93 points.

The Nifty index recorded a meager loss of 1.55 points to close at 997.55 points. Mirroring the lack of buying support at the lower levels, about 38 stocks hit their price bands on the NSE today.

Brokers say the sentiment was better till mid-session mainly on speculative support following start of a new settlement on the National Stock Exchange. But pivotals turned subdued towards the end on fresh unloading. The sentiment was also boosted due to the second consecutive rally in the Asian stocks, particularly Singapore, Hong Kong and Tokyo in the morning trade. FIIs mainly Crossby Securities, Peregrine India and Jardine Fleming have, sold heavily blue chips. The Indian institutions, however, made good purchases of shares. ITC attracted the highest turnover of Rs 313.62 crore of the total volume of business of Rs 944.94 crore.

On the NSE, IDBI recorded a sharp fall of over 7 per cent to close at Rs 75.25 and on the BSE the stock fell by 6.77 per cent. The NSE-50 opened at 999.45 and settled lower at 997.55, with a minor loss of 1.55 points. The Dollar NSE-50 (Defty) opened at 864.10 and closed at 861.05, with a loss of 6.75. The Midcap opened at 1131.30 and closed at 1142.15, showing a gain of 11.40 points. The total turnover was Rs 1,470.54 crore.

‘Double bonanza for poor, middle class’: PM’s swadeshi pitch ahead of new GST roll out

India3 hr ago

PM Modi announced the rollout of new GST rates, calling it a "GST bachat utsav" and promising cheaper prices for medicines, insurance, and daily essentials. He emphasized that these reforms would ease doing business, attract investment, and benefit the poor, middle class, MSMEs, farmers, women, traders, and youth. He urged citizens to promote swadeshi goods.

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