Sensex creates new record, crosses 28,000-mark

New Delhi, Nov 5 (ANI): Creating a new record, the benchmark BSE Sensex crossed 28,000-mark for the first time and the NSE Nifty hit a new peak of 8,363.65 in early trade on Wednesday on sustained fund inflows. The record was set amidst optimism over encouraging corporate earnings. Besides, falling global crude oil prices which dipped to its lowest closing point since October 2011 also influenced trading sentiments. Nov 5, 2014

Maruti Suzuki launches new Alto K10 as India's cheapest automatic car

New Delhi, Nov 04 (ANI): Maruti Suzuki, which sells almost one in two cars in India, is betting a new version of its bestselling model will help it retain a stranglehold on the budget market, even as it courts wealthier buyers to fend off a slowdown in sales. Maruti unveiled a new version of its entry-level Alto - India's most popular car last year- with automatic gear shift technology, a feature usually reserved for pricier cars in the Indian market. At Rupees 3.06 lakh, the Alto K10 is the Indian market's cheapest automatic car - a position previously held by Maruti's compact sedan Celerio at about Rupees 410,000. Maruti Suzuki India (MSI) Managing Director and Chief Executive Officer (CEO), Kenichi Ayukawa, said Alto K10 is the company's best selling brand in Indian markets. Maruti Suzuki is preparing for what it has said will be a period of slower sales in the coming months. Sales of Maruti's passenger cars fell 1.1 percent in October from a year ago, breaking five consecutive months of increase. Nov 4, 2014

BSE closes points 5.45 down on Nov 3

New Delhi, Nov 3 (ANI): Trading at the Bombay Stock Exchange today closed 5.45 points down to stand at 27,860.38. At the National Stock Exchange the Nifty closed 1.95 points up to stand at 8,324.15. UNITECH and NETWORK18 were among the top gainers of Group A with an increase of 10.76% and 10.50% along with POLARIS and NEYVELI LIGNITE CORPORATION LTD. with an increase of 8.88% and 8.64% respectively, while the top losers of Group A include KEC and GAIL with a decrease of 7.38% and 6.08% along with NCC and REDINGTON with a decrease of 5.37 and 3.63% at the close of the markets. The Auto sector is down 163.65 points at 18,415.42 while the banking sector is up 90.18 points at 19,595.34 and the reality sector is up 56.02 points at 1,609.44. The Indian currency is up 0.07% at Rs 61.40 per dollar. Nov 3, 2014

BSE closes points 519.50 up on Oct 31

New Delhi, Oct 31 (ANI): Trading at the Bombay Stock Exchange today closed 519.50 points up to stand at 27,865.83. At the National Stock Exchange the Nifty closed 153.00 points up to stand at 8,322.20. NCC and HCC were among the top gainers of Group A with an increase of 12.51% and 10.96% along with GVKPIL and ILandFS Transportation Networks Ltd with an increase of 9.58% and 9.14% respectively, while the top losers of Group A include TITAN and SRF with a decrease of 6.64% and 5.44% along with PIPAVAV DEFENCE AND OFFSHORE ENG LTD and Jubilant Food Works Ltd with a decrease of 4.94% and 3.30% at the close of the markets. The Auto sector is up 264.36 points at 18,579.23 while the banking sector is up 319.43 points at 19,486.58 and the reality sector is up 23.93 points at 1,554.49. The Indian currency is up 0.08% at Rs 61.40 per dollar. Oct 31, 2014
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