Reliance Industries' market valuation is fast inching closer to Rs 6-lakh crore mark, buoyed by a rally in its share price.
At the close of trade today, the company's market capitalisation (m-cap) stood at Rs 5,94,078.91 crore, which is just Rs 5,921.09 crore less than Rs 6 lakh crore mark.
The company's market valuation surged by Rs 17,595.91 crore to Rs 5,94,078.91 crore.
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Shares of the company rose by 3.05 percent to close at Rs 938.10 on the...
The Supreme Court on Monday asked the Centre to consider amending the national flag code for regulating the playing of the national anthem in cinema halls across the country.
A bench, comprising Chief Justice Dipak Misra and Justices A M Khanwilkar and D Y Chandrachud, said the Centre has to take a call uninfluenced by its earlier order on the playing of the national anthem in the theatres.
During the hearing, Attorney General K K Venugopal, appearing for the Centre, said India was...
The Indian cricket team's captain, Virat Kohli has many feathers added to his cap already but the latest one beats them all. Despite losing the match to New Zealand by 6 wickets, Virat's fans are delighted with his performance marking the 200th ODI of his career.
Apart from adding another century to his long list of achievements, Captain Kohli also became the fastest 1000 runs scorer in ODIs against the New Zealand team beating the former Australian player Dean Jones in the record.
ALSO READ: #Virat200:...
The Congress got a boost with OBC leader Alpesh Thakore joining it in the presence of party Vice President Rahul Gandhi who attacked Prime Minister Narendra Modi on demonetisation and GST, calling it a "Gabbar Singh Tax" that has ruined India's economy.Gandhi also asked Modi to break his silence on BJP President Amit Shah's son Jay whose business fortunes allegedly sky-rocketed after the NDA came to power.Addressing a gathering of thousands of supporters of young OBC leader Thakore who heads Thakore...
Hyderabad pacer Mohammed Siraj and Mumbai batsman Shreyas Iyer are the fresh inclusions in the India squad for the three Twenty20 Internationals (T20I) against New Zealand, starting November 1.Veteran Ashish Nehra has been picked only for the first T20I in New Delhi, which is slated to be his last match."Iyer has been prolific across formats -- in first-class, one-dayers, T20 -- he's been performing consistently," chairman of selectors M.S.K. Prasad told reporters here on Monday. "If we pick a player,...
Everybody's favourite couple Virat Kohli and Anushka Sharma hardly get any time together due to their busy schedules. So when they can meet, they never let the opportunity go. The latest opportunity that came their way was in form of an ad film which they shot for recently, together.
The pictures from their shoot were surfacing the internet for a while a now but recently the final video by also released, making their fans go crazy. While attending a wedding ceremony, the duo re-play the bride and...
Raghuram Rajan's Exit Affects Rupee, Sensex Too Opens 178 Points Down On Rexit
NEWS WORLD INDIA | 0
June 20 , 2016 , 10:14 IST
[caption id="attachment_184049" align="aligncenter" width="700"] Market benchmark Sensex plunged over 178 points in early trade on Monday as financial stocks led decline after RBI Governor Raghuram Rajan said no to a second term amid mixed cues from Asian markets.[/caption]
Market benchmark Sensex plunged over 178 points in early trade on Monday as financial stocks led decline after RBI Governor Raghuram Rajan said no to a second term amid mixed cues from Asian markets.
Moreover, the rupee, which nosedived by 61 paise to 67.69 against the dollar in opening trade, also had a bearing on domestic equities.
Investors were also cautious ahead of Britain referendum vote later this week to decide on its future in the European Union.
On Saturday, Rajan had said no to a second term in the post, a surprise decision the industry and opposition parties term as nation's loss.
The 30-share index declined 178.03 points or 0.66 per cent to 26,447.88 with banking, consumer durables, FMCG, power, healthcare, metal and PSU sector stocks leading the fall.
However, the index later recovered early losses to trade higher by 70 points around 1000 hrs. It had gained 100.45 points in the previous session on narrowing CAD and positive global cues.
The NSE Nifty opened lower by 62.85 points or 0.76 per cent at 8,107.35. Later it was also trading higher.
Sentiment turned weak following RBI Governor's decision to not seek a second term in the post that dented investor confidence, triggering fresh round of selling by funds.
In regional markets, Hong Kong's Hang Seng was up 1.10 per cent, Shanghai Composite fell 0.17 per cent in early trade while Japan's Nikkei was trading in the positive zone.
The Dow Jones Industrial Average had ended 0.23 per cent lower in Friday's trade.