Business

Sensex down 111 points in early trade

Mumbai, July 24: The benchmark BSE Sensex declined by 111 points in early trade today due to selling by funds and investors on earnings concerns amid a weak trend overseas.

The 30-share barometer, which had lost 134.09 points in the previous session, fell further by 111.72 points, or 0.39 per cent, to 28,259.12 in early trade.

Capital goods, banking, auto, power and FMCG stocks were among the major losers.

On similar lines, the broad-based National Stock Exchange index Nifty shed 20.65 points, or 0.24 per cent, to 8,569.15.

Brokers said disappointing quarterly earnings from some bluechip companies and a weak trend at other Asian markets dampened trading sentiment here.

Bucking the trend, Reliance Industries was trading a shade higher at Rs 1,045.75 ahead of its financial results, to be announced later today.

Among other Asian markets, Hong Kong's Hang Seng fell by 0.92 per cent, while Japan's Nikkei moved down by 0.68 per cent in early trade.

The US Dow Jones Industrial Average ended 0.67 per cent lower yesterday on weak corporate earnings.

CMD, NSIC launches "Harit Saptah"

New Delhi: Ravindra Nath, CMD, NSIC launched "Harit Saptah" on 21st June 2018 wherein Tree Plantation Campaigns are being organised by all NSIC Branch...

PM Modi to inaugurate 3rd AIIB meeting in Mumbai

Mumbai : Prime Minister Narendra Modi will inaugurate the 3rd Annual Meeting of the Asian Infrastructure Investment Bank (AIIB) on June 25-26 in Mumba...

Yamaha launches electric bikes replacing traditional ones

Tokyo : Yamaha has launched electric bikes to replace traditional bikes and motorcycles.Yamaha Motor Co., Ltd developed the TY-E electric trial bike-t...

Ex-RBI Dy Governor R Gandhi joins Paytm

New Delhi : One97 Communications Limited, the company that owns digital payment major, Paytm, announced the appointment of retired Reserve Bank of Ind...