Author: Finance Khabar
On Thursday, the day of weekly expiry, Sensex and Nifty 50 have closed with a record high. During trading today, the Sensex opened at 52,121.58 points and reached 52,273.23 points. At the close of trading in the Sensex, it closed at 52,232.43 points with a gain of 382.95 points. Today 22 stocks were buying on the Sensex and they closed with gains while the remaining 8 stocks closed with a fall. Titan was the biggest buy on the Sensex and reached a record price so far. The market also got support from the banking sector and except IndusInd Bank, there…
Mumbai: Crude oil prices surged on Wednesday with the Brent crude trading above the $71 per barrel after OPEC projected demand improvement and tightening of the market. West Texas Intermediate (WTI) crude also continued its onward march after reaching its highest level since October 2018. In a statement, after the meeting OPEC+ meeting, the cartel in a statement said: “The meeting noted the ongoing strengthening of market fundamentals, with oil demand showing clear signs of improvement and OECD stocks falling as the economic recovery continued in most parts of the world as vaccination programmes accelerated.” Currently, the July contract of…
New Delhi: India’s merchandise exports in May 2021 rose to $32.21 billion, higher by 67.39 per cent over $19.24 billion in May 2020, the preliminary official data showed on Wednesday. Besides, exports last month recorded a 7.93 per cent growth over $29.85 billion in May 2019. The country’s merchandise exports in April 2021 had risen to $30.63 billion. Similarly, India’s merchandise imports in May 2021 were $38.53 billion, with an increase of 68.54 per cent over $22.86 billion in May 2020. However, imports declined by 17.47 per cent over $46.68 billion in April 2019. Consequently, trade deficit in May 2021…
New Delhi: The stock dipped 0.55 per cent to close at Rs 1,379.75 on the BSE. During the day, it went lower by 1.81 per cent to Rs 1,362.20. On the NSE, it declined 0.45 per cent to close at Rs 1,381. In traded volume terms, 19.07 lakh shares were traded at the BSE and over 92.72 lakh units at the NSE during the day. Sebi has barred eight entities, including two employees of Infosys, from the securities market for indulging in insider trading activities in the shares of the IT major. In a statement on Tuesday, Infosys said it…
In May this year, the country’s trade deficit increased by 74.69 percent to $ 6.32 billion as compared to May 2020. The trade deficit in May last year was $3.62 billion. The ministry has said that there has been a decline of 62.49 percent in comparison to May 2019, when it was $ 16.84 billion. According to the data released by the government, India’s exports increased by 67.39 percent to $ 32.21 million in May. According to preliminary data from the commerce ministry, in May last year, exports stood at $ 19.24 billion and in May 2019 it was $…
The Sensex and Nifty today started trading on June 2 with a fall. Sensex reached 51,913.92 after opening at 51,749.10 at the beginning of trading. But by the end of trading, 85.40 points fell and closed at 51,849.48. 12 stocks of the Sensex closed with gains while the remaining 18 declined. IndusInd Bank was the top gainer among all the Sensex stocks. But apart from IndusInd Bank and SBI, other banking stocks saw a decline. There was a mixed trend in the auto sector as well. On the other hand, Nifty 50 closed with a slight increase at the end…
New Delhi: Automobile major Maruti Suzuki India on Tuesday reported total sales of 46,555 units in May 2021. According to the company, total sales in the month include domestic sales of 33,771 units, sales to other OEMs 1,522 units and exports of 11,262 units. The company had sold 159,691 vehicles during April 2021 and 18,539 units in 2019. “In May 2021, the Company shut production from 1 to 16 so as to divert oxygen from industrial use for medical purposes,” the company said in a statement. “In May 2020, the company witnessed production disruption owing to lockdowns. Since neither of…
New Delhi: Tata Motors on Tuesday said its total domestic sales declined by 38 percent to 24,552 units in May as compared to 39,530 vehicles in April this year. The company had sold 4,418 units in May last year. The auto major said its passenger vehicle sales in the domestic market stood at 15,181 units in May, down 40 percent from 25,095 units in April this year. Commercial vehicle sales in the domestic market stood at 9,371 units, down 35 percent from 14,435 units in April, it added.
Mumbai: In view of restrictions imposed in various parts of the country, HDFC Bank on Tuesday announced the availability of mobile ATMs in 50 cities across India to assist customers during the lockdown. In restricted areas, the Mobile ATMs will eliminate the need for general public to move out of their locality to withdraw cash. These mobile ATMs are currently active in vatious cities including Chennai, Mumbai, Delhi/Gurugram, Dehradun, Cuttack, Ludhiana, Lucknow, Bhubaneshwar, Chandigarh, Thiruvananthapuram, Noida, Bengaluru, Mysuru, Jaipur, Panipat, Ambala, Jammu, Nashik, Rewari, Patna among others. From the first week of June, the mobile ATMs will be made available…
New Delhi: The process of income tax return filing has been put on hold for six days after the e-filing website incometaxindiaefiling.gov.in was shut down. It has been stopped from midnight of 31 May 2021. The filing process will start again from June 7. The new e-filing website will be launched on June 6. Along with this, a mobile app will also be developed, which will give access to all the main functions on the mobile network. All important features of this portal will be made available on the mobile app. There is no mobile app available in the current…
Nifty 50 and Sensex opened with gains on the first trading day of June. Shortly after the market opened, Nifty was seen trading at 15600 and Sensex crossing 52 thousand. But by the end of trading, both the indices closed with a slight decline. The Sensex opened at 52,067.51 and reached 52,228.65. But the initial gains did not last through the day and on Tuesday, the Sensex finally closed at 51,934.88, down 2.56 points. 13 stocks in the Sensex ended with a gain and the remaining 17 ended with a fall. Auto sector stocks declined today, while banking stocks were…
New Delhi: The members were allowed to withdraw three months basic wages (basic pay + dearness allowance) or up to 75 per cent of amount standing to their credit in their provident fund account, whichever is less. ”To support its subscribers during the second wave of COVID-19 pandemic, the EPFO has now allowed its members to avail second non-refundable COVID-19 advance,” a labour ministry statement said. The provision for special withdrawal to meet the financial need of members during the pandemic was introduced in March 2020, under Pradhan Mantri Garib Kalyan Yojana (PMGKY), it said. An amendment to this effect…
New Delhi: The development comes on the basis of the recommendations of the GST Council, which, in its 43rd meeting on May 28, had decided to extend certain compliance relaxations on account of Covid-19. In a series of tweets on Monday, the Central Board of Indirect Taxes and Customs (CBIC) said that for composition taxpayers, the due date for furnishing annual return in ‘Form GSTR-4’ for FY 2020-21 would has been extended to July 31. Further, among other relaxations, the Finance Ministry has also extended the due date for furnishin ‘Form ITC-04’ (intimation of goods sent on job work) for…
Mumbai: Maintaining gaining streak for the fourth straight session on Monday, the BSE Sensex on Monday rallied 514.56 pts to close at 51,937.44, three-month-high on the strength of Energy, Metal, Telecom and Bankex stocks. The Nifty rose by 147.15 pts to 15,582.80. The sensex opened higher by 54 pts to 51,476.22. It spurted 591 pts to 52,013.22, days high before closing at 51,937.44, advancing by 514.56 pts from its previous close. The sensex registered days high and low at 52,013.22 and 51,179.34 pts respectively. The Nifty recorded days high and low at 15,606.35 and 15,374 pts respectively. The sectoral indices…
New Delhi: Employee Provident Fund Organization (EPFO) has decided to implement the new rule for PF account holders from 1 June. Now the employer has been given the responsibility of getting verified from the basis of PF account. If the employer fails to do so, it may prevent the employee’s contribution to the subscriber’s account. Because of this, it has become important for the subscribers to link their PF account with Aadhaar. The EPFO has made this decision under section 142 of the Social Security Code. The Employer has been instructed that electronic invoices and returns (ECR) cannot be filed…
New Delhi: To further support the MSMEs hit by Corona, the government on Sunday announced an extension of its Rs 3 lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) by three months. This scheme has been extended from 30 June 2021 to 30 September 2021 or until an amount of Rs 3 lakh crore is released. The Finance Ministry also announced a 100 per cent guarantee on loans up to Rs 2 crore to hospitals, nursing homes, clinics, medical colleges to set up an on-site oxygen plant, with an interest rate limit of 7.5 per cent. The ministry also announced…
New Delhi: Last week, the market capitalization (market cap) of eight of the 10 most valuable companies in the country has increased. The combined market cap of these companies increased by Rs 1,39,566.52 crore last week. Reliance Industries, TCS and Infosys were the biggest beneficiaries in this. On a weekly basis, the BSE Sensex gained 882.40 points, or 1.74 percent, during the past week. During the week ended on Friday, only two companies, Hindustan Unilever and Bajaj Finance, saw a drop in market capitalization. Among the profitable companies, the market valuation of Reliance Industries jumped 59,590.77 points to reach Rs…
New Delhi: Foreign investors pulled out a net capital of Rs 1,730 crore from the Indian markets so far in the month of May, selling more for the second consecutive month amid the second wave of the Covid-19 epidemic. According to data from depository companies, Foreign Portfolio Investors (FPIs) withdrew Rs 3,375.2 crore from the stock market during May 1–28 and made a net investment of Rs 1,645.8 crore in the bond market. However, Himanshu Srivastava, co-director (manager research), Morning Star India, said that after the high selling for eight consecutive weeks in the Indian markets, there has been signs…
New Delhi: The Centre’s flagship housing programme – Pradhan Mantri Awas Yojana – has created over 1.2 crore employment opportunities, said Grant Thornton Bharat’s ‘Affordable Housing in India’ report. The report cited that these employment opportunities so far were created through forward and backward linkages across 21 sectors. Besides, the report said that these sectors include 250 auxiliary industries like steel, brick kilns, cement, paint, hardware and sanitary amongst others. In terms of stakeholder impact, the report pointed out that PMAY has benefited nearly 5.8 lakh senior citizens, 2 lakh construction workers, 1.5 lakh domestic workers and 1.5 lakh artisans.…
New Delhi: Two-wheeler major Honda Motorcycle & Scooter India has recommenced production at its plants in a phased manner.The company has manufacturing plants in Manesar (Haryana), Tapukara (Rajasthan) and Vithalapur (Gujarat). “We are gradually resuming production operations following all Covid-19 compliance and lockdown guidelines by respective state governments,” said Atsushi Ogata – Managing Director, President & CEO, Honda Motorcycle & Scooter India. “While there are visible signs of recovery in the country, we will continue to monitor the situation very closely and are moving forward with safety and well-being of all our stakeholders as a top priority.” Besides, the company…