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

Maruti Suzuki India Limited says car sales growth cooling

New Delhi, Oct 31 (ANI): India's biggest carmaker Maruti Suzuki India Limited said the growth in car sales will be slow in the second half of the year, dampening expectations of a rapid recovery in the country's automotive market. Maruti's Chairman RC Bhargava said sales momentum was now slowing, and growth over the 2014-2015 financial year would average out at about 10 percent. Indian car makers are launching new and upgraded models of their cars, betting on improved consumer sentiment and an economic recovery under Prime Minister Narendra Modi's new government. To fend off competition from rivals such as Honda Motor Co and Hyundai Motor Co, Maruti plans to launch new and upgraded models of its cars over the next 12 months, including in the premium segment where it has had little success in the past. Oct 31, 2014

BSE closes points 248 up on Oct 30

New Delhi, Oct 30 (ANI): Trading at the Bombay Stock Exchange today closed 248 points up to stand at 27,346.33. At the National Stock Exchange the Nifty closed 78.75 points up to stand at 8,169.20. SRF and KAILASH were among the top gainers of Group A with an increase of 11.27% and 9.00% along with UNITECH and CENTURYTEX with an increase of 8.43% and 7.01% respectively, while the top losers of Group A include PIPAVAV DEFENCE AND OFFSHORE ENG LTD. and RAYMOND with a decrease of 4.93% and 4.83% along with IOB and CONCOR with a decrease of 4.03% and 3.45% at the close of the markets. The Auto sector is up 51.94 points at 18,314.87 while the banking sector is up 136.55 points at 19,167.15 and the reality sector is up 50.87 points at 1,530.56. The Indian currency is down 0.12% at Rs 61.43 per dollar. Oct 30, 2014

BSE closes points 217.35 up on Oct 29

New Delhi, Oct 29 (ANI): Trading at the Bombay Stock Exchange today closed 217.35 points up to stand at 27,098.17. At the National Stock Exchange the Nifty closed 61.15 points up to stand at 8,088.75. SRF and NCC were among the top gainers of Group A with an increase of 20.00% and 7.66% along with BF UTILITIES LTD and MAX with an increase of 7.40% and 7.31% respectively, while the top losers of Group A include JUBILANT and PIIND with a decrease of 11.31% and 6.07% along with CEATLTD and ORIENTBANK with a decrease of 4.40% and 4.25% at the close of the markets. The Auto sector is up 316.86 points at 18,259.29 while the banking sector is down 42.95 points at 19,030.60 and the reality sector is up 42.82 points at 1,479.82. The Indian currency is up 0.2% at Rs 61.31 per dollar. Oct 29, 2014

Apple business booms after floods in Kashmir

Poonch, Oct 29 (ANI): The recent floods in Kashmir proved to be a boon for the apple business as the state witnesses a record sale of apples this season. The worst flooding in over a century had hampered the trade of Kashmiri apple, which is popular worldwide for its taste and juice. But now with ample production of good quality apples, there is a boom in the sale of the fruit. An apple trader, Mohammad Amin, said that in comparison to previous years, the sale of apples this year has increased. Oct 29, 2014

BSE closes points 98.15 down on Oct 27

New Delhi, Oct 27 (ANI): Trading at the Bombay Stock Exchange today closed 98.15 points down to stand at 26,752.90. At the National Stock Exchange the Nifty closed 22.85 points down to stand at 7,991.70. KAILASH and RAJESH EXPO were among the top gainers of Group A with an increase of 10.41% and 7.18% along with PEL and BHEL with an increase of 5.90% and 5.10% respectively, while the top losers of Group A include JUSTDIAL and JINDAL STEEL with a decrease of 10.35% and 8.32% along with DLF and DEN with a decrease of 8.09% and 5.50% at the close of the markets. The Auto sector is down 125.74 points at 17,899.82 while the banking sector is up 91.37 points at 18,948.89 and the reality sector is down 56.40 points at 1,432.29. The Indian currency is up 0.09% at Rs 61.33 per dollar. Oct 27, 2014

BSE closes points 211.58 up on Oct 22

New Delhi, Oct 22 (ANI): Trading at the Bombay Stock Exchange today closed 211.58 points up to stand at 26,787.23. At the National Stock Exchange the Nifty closed 68.15 points up to stand at 7,995.90. PMCFIN and JINDALSTEEL were among the top gainers of Group A with an increase of 16.82% and 10.17% along with DHFL and NATCO PHARMA LTD. with an increase of 9.05% and 8.83% respectively, while the top losers of Group A include KAILASH and HAVELLS with a decrease of 12.39% and 3.43% along with PTC and NCC with a decrease of 2.32% and 2.21% at the close of the markets. The Auto sector is up 519.45 points at 18,020.89 while the banking sector is up 35.31 points at 18,822.74 and the reality sector is up 6.04 points at 1,486.08. The Indian currency is down 0.11% at Rs 61.24 per dollar. Oct 22, 2014

BSE closes points 145.80 up on Oct 21

New Delhi, Oct 21 (ANI): Trading at the Bombay Stock Exchange today closed 145.80 points up to stand at 26,575.65. At the National Stock Exchange the Nifty closed 48.35 points up to stand at 7,879.40. BEML and JINDALSTEEL were among the top gainers of Group A with an increase of 17.03% and 7.46% along with EDELWEISS and PIIND with an increase of 7.19% and 7.08% respectively, while the top losers of Group A include SUZLON and EXIDE INDUSTRIES LTD. with a decrease of 4.97% and 4.57% along with SOUTHBANK and GUJRATGAS with a decrease of 3.79% and 3.34% at the close of the markets. The Auto sector is up 113.23 points at 17,501.44 while the banking sector is up 223.04 points at 18,787.43 and the reality sector is up 37.88 points at 1,480.04. The Indian currency is down 0.05% at Rs 61.33 per dollar. Oct 21, 2014

BSE closes points 321.32 up on Oct 20

New Delhi, Oct 20 (ANI): Trading at the Bombay Stock Exchange today closed 321.32 points up to stand at 26,429.85. At the National Stock Exchange the Nifty closed 99.70 points up to stand at 7,879.40. TORRENT POWER LTD. and SKS MICROFINANCE LTD. were among the top gainers of Group A with an increase of 12.60% and 8.88% along with HINDUSTAN PETROLEUM CORPORATION LTD. and TVS MOTOR COMPANY LTD. with an increase of 7.28% and 6.55% respectively, while the top losers of Group A include DEN and JINDAL STEEL and POWER LTD. with a decrease of 8.81% and 8.58% along with KAILASH and GVK POWER and INFRASTRUCTURE LTD. with a decrease of 8.32% and 5.62% at the close of the markets. The Auto sector is up 369.44 points at 17,388.21 while the banking sector is up 324.17 points at 18,564.39 and the reality sector is up 12.52 points at 1,442.16. The Indian currency is down 0.29% at Rs 61.26 per dollar. Oct 20, 2014

BSE closes points 349.99 down on Oct 16

New Delhi, Oct 16 (ANI): Trading at the Bombay Stock Exchange today closed 349.99 points down to stand at 25,999.34. At the National Stock Exchange the Nifty closed 115.80 points down to stand at 7,748.20. DLF and Cyient Limited were among the top gainers of Group A with an increase of 5.15% and 4.14% along with CEAT LTD. and EMAMI LTD. with an increase of 3.61% and 3.12% respectively, while the top losers of Group A include STAR and GSFC with a decrease of 18.41% and 10.72% along with UBL and CROMPTON GREAVES LTD. with a decrease of 9.44% and 8.18% at the close of the markets. The Auto sector is down 359.91 points at 16,900.95 while the banking sector is down 223.85 points at 17,802.75 and the reality sector is down 3.19 points at 1,416.04. The Indian currency is up 0.72% at Rs 61.85 per dollar. Oct 16, 2014

BSE closes points 34.74 down on Oct 14

New Delhi, Oct 14 (ANI): Trading at the Bombay Stock Exchange today closed 34.74 points down to stand at 26,349.33. At the National Stock Exchange the Nifty closed 20.25 points down to stand at 7,864.00. DEN and ATUL were among the top gainers of Group A with an increase of 20.00% and 5.10% along with BF UTILITIES LTD. and LIC HOUSING FINANCE LTD. with an increase of 4.60% and 4.46% respectively, while the top losers of Group A include DLF and HCC with a decrease of 28.46% and 6.48% along with SUNTV and KAILASH with a decrease of 5.73% and 5.27% at the close of the markets. The Auto sector is down 74.02 points at 17,260.86 while the banking sector is up 93.75 points at 18,026.60 and the reality sector is down 144.43 points at 1,419.23. The Indian currency is up 0.48% at Rs 61.39 per dollar. Oct 14, 2014

Flourishing apple trade in Shimla town boosts business

Shimla, Oct 14 (ANI): Apple business is booming in northern hill town and famed tourist destination Shimla, registering an annual growth from 35 billion to 45 billion rupees, proving a boon for the economy. Apple farming, which is the biggest business of the state, is not only giving good business to its farmers and traders, but the state government is also launching different schemes and initiatives to help grow the trade. Different varieties of the fruit are being sold out in large quantities at the local markets in Narkanda, Shimla, Dhali, Solan and Parwanoo during the onset of winter. On an average, the farmers get 1,000 rupees for a box containing 20-25 kg of apple. But this year, farmers are getting between 1,000 to 2,200 rupees for the same box. Vice-chairman, Himachal Pradesh, Agricultural Produce Market Committee (APMC), Mohinder Satan, said that with each year passing, more are more farmers and traders are joining this business considering its profit. Besides, the government is also giving 80 percent subsidy to the apple farmers. Oct 14, 2014