Maharashtra

Sensex climbs 227 points on global rally in stocks

Monday, May 22, 2017

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Mumbai: The benchmark BSE Sensex rallied over 227 points in early trade on Monday buying in FMCG, banking and IT stocks by investors enthused by global rally in stock markets. The BSE 30-share index surged 227.44 points, or 0.75%, to 30,692.36 points. The gauge had gained 30.13 points in the previous session on Friday. All …

Sensex rebounds 209 points as GST Council freezes tax rates

Friday, May 19, 2017

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Mumbai: Markets made a somersault of sorts on Friday as the benchmark Sensex rebounded 209 points to 30,643 on the GST Council’s finalisation of tax rates for bulk of the items except six categories. A firming trend at other Asian markets tracking rebound on the Wall Street on positive data supported the indices to recoup most …

IKEA’s Navi Mumbai store to open in Jan’19

Thursday, May 18, 2017

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Mumbai: Global home furnishings retailer IKEA will open its second store in the country in Navi Mumbai in January 2019 with an investment of around Rs 1,000 crore, the company said today. The store’s groundbreaking ceremony took place at Turbhe in Navi Mumbai today in the presence of Maharashtra Chief Minister Devendra Fadnavis. “The store …

Sensex gets off record high, dives 222 points

Thursday, May 18, 2017

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Mumbai: A back-to-back record-setting run today made stocks do a reality check when the Sensex plunged over 222 points and the Nifty cracked below 9,500 in early session amid dollar outflows and a sluggish trend overseas. All sectoral indices flashed red, down by up to 1.19%, with realty, consumer durables, bank and auto registering much …

Mumbai: western railways to start tests on AC locals

Wednesday, May 17, 2017

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Western railway to start test of Mumbai’s first air conditional Electrical Multiple Unit this monsoon. Unfortunately, it will not be accessible to the commuters in this rainy season. The general manager of WR section of Mumbai railways said “There will be 25 tests which will be carried for 4 months before flagging of the EMU in …

Maharashtra ATS denies cyber attack on its website

Wednesday, May 17, 2017

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The Maharashtra Anti-Terrorism Squad (ATS) on Wednesday denied any hacking or ransomware attack to its website. The statement comes at a time when the Centre has been assuring that India is not a victim of the ransomware attack and according to Union Minister of Information and Technology Ravi Shankar Prasad, “India is not a victim …

Sensex makes a retreat from record after rally fatigue

Wednesday, May 17, 2017

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Mumbai: Stocks showed signs of fatigue on Wednesday after two back-to-back record-setting sessions as the benchmark Sensex struggled to maintain its momentum, with investors shifting focus to taking profit. Weak Asian cues weighed, too. The 30-share index after hitting a fresh lifetime high (intra-day) of 30,620.72 at the outset slipped to 30,524.86, down 57.74 points, …

Sensex, Nifty leap to new record highs on funds inflow

Tuesday, May 16, 2017

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Mumbai: Raising the bar, the Sensex on Tuesday shot up another 181 points to a fresh all-time intra-day high of 30,503 and the Nifty 9,482, with retail investors steering the ship amid unabated foreign capital inflows. Encouraging earnings also supported the rally. The 30-share BSE index leapt 181.36 points, or 0.60%, to trade at a new …

Sensex rebounds 166 points on inflation cheer

Monday, May 15, 2017

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Mumbai: The Sensex on Monday bounced nearly 166 points to 30,354 in early part, taking comfort from positive inflation numbers, with the hope that earnings momentum by blue-chips will keep up foreign capital inflows. A mixed trend prevailed in the rest of Asia. The 30-share barometer jumped 165.90 points or 0.55%, to 30,354.05. Sectoral indices, led …

Market rally continues on fund inflows, macro data hopes

Friday, May 12, 2017

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Mumbai: Markets continued to ride the wave of gains early on Friday with the BSE Sensex rising by about 49 points and the Nifty by over 15 points, driven by sustained rally in IT, teck, auto and metal sector stocks amid sustained foreign fund inflows. Besides, optimistic buying by investors ahead of macroeconomic data — …

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