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BSE closes points 59.44 up on August 22

New Delhi, August 22 (ANI): Trading at the Bombay Stock Exchange today closed 59.44 points up to stand at 26,419.55. At the National Stock Exchange the Nifty closed 22.10 points up to stand at 7,913.20. Financial Technologies (India) Ltd. and UPL were among the top gainers of Group A with an increase of 5.00% and 4.56% along with UNIONBANK and Jubilant Food Works Ltd with an increase of 3.69% and 3.43% respectively, while the top losers of Group A include BHUSHAN STEEL LTD. and JAIPRAKASH ASSOCIATES LTD. with a decrease of 4.97% and 3.98% along with SOBHA and MMTC with a decrease of 3.90% and 3.78% at the close of the markets. The Auto sector is up 13.62 points at 17,034.27 while the banking sector is up 199.03 points at 18,114.53 and the reality sector is down 16.49 points at 1,821.03. The Indian currency is down 0.3% at Rs 60.49 per dollar.

BSE closes points 45.82 up on August 21

New Delhi, August 21 (ANI): Trading at the Bombay Stock Exchange today closed 45.82 points up to stand at 26,360.11. At the National Stock Exchange the Nifty closed 15.80 points up to stand at 7,891.10. GITANJALI and UNIONBANK were among the top gainers of Group A with an increase of 8.94% and 8.14% along with INDIAN BANK and TITAN with an increase of 7.17% and 5.70% respectively, while the top losers of Group A include BHUSHAN STEEL LTD. and AMARAJABAT with a decrease of 4.97% and 4.38% along with PIPAVAV DEFENCE AND OFFSHORE ENG LTD. and JPINFRATEC with a decrease of 4.37% and 3.91% at the close of the markets. The Auto sector is up 133.56 points at 17,020.65 while the banking sector is up 208.08 points at 17,915.50 and the reality sector is down 35.77 points at 1,837.52. The Indian currency is up 0.23% at Rs 60.75 per dollar.

BSE closes points 106.38 up on August 20

New Delhi, August 20 (ANI): Trading at the Bombay Stock Exchange today closed 106.38 points down to stand at 26,314.29. At the National Stock Exchange the Nifty closed 22.20 points down to stand at 7,875.30. SUN PHARMA and RANBAXY were among the top gainers of Group A with an increase of 4.88% and 4.84% along with CIPLA and JPINFRATEC with an increase of 3.79% and 3.61% respectively, while the top losers of Group A include DENA BANK and BHUSHAN STEEL with a decrease of 5.06% and 4.97% along with ORIENT BANK and MUTHOOT FINANCE with a decrease of 3.63% and 3.57% at the close of the markets. The Auto sector is down 94.75 points at 16,887.09 while the banking sector is down 51.94 points at 17,707.42 and the reality sector is up 9.73 points at 1,873.29. The Indian currency is up 0.02% at Rs 60.66 per dollar.

Concept of 'pedaling for a green earth' gains popularity in India

New Delhi, Aug 20 (ANI): Biking has gained popularity, as people from all walks of life are interested in using bicycles. With growing consciousness about health and environment, the concept of 'pedaling for a green earth' is fast gaining popularity. With an annual production of 15 million bicycles, India is the largest bicycle manufacturer in the world after China.

Eyewear market booms in India

New Delhi, Aug 20 (ANI): The neo-rich and fashion conscious urban Indians have provided a perfect opportunity to the eyewear market to establish themselves in India. The revenue of the industry has increased to USD 1,247 million at a CAGR of 27.4% during FY'2007-FY'2013. It is estimated to exceed USD 14,856 million by 2018 due to the major push from eyewear sales in the spectacle lens segment. The eyewear market in India has witnessed a steep incline in recent years on account of higher sales of eyewear across an array of segments. Eyewear market has come a long way and with people switching to modern techniques and brands, the sector is poised to grow in future as well.

BSE closes points 29.71 up on August 19

New Delhi, August 19 (ANI): Trading at the Bombay Stock Exchange today closed 29.71 points up to stand at 26,420.67. At the National Stock Exchange the Nifty closed 23.25 points up to stand at 7,897.50. TTK Prestige and Berger Paints were among the top gainers of Group A with an increase of 9.16% and 9.13% along with Muthoot Finance and Ashok Leyland with an increase of 9.11% and 7.39% respectively, while the top losers of Group A include Financial Tech and Bhushan Steel with a decrease of 4.99% and 4.98% along with Prestige Estates and Engineers India with a decrease of 3.70% and 3.13% at the close of the markets. The Auto sector is up 374.15 points at 16,981.84 while the banking sector is up 101.46 points at 17,759.36 and the reality sector is up 29.93 points at 1,863.56. The Indian currency is up 0.02% at Rs 60.75 per dollar.

Trend of luxury housing

New Delhi, Aug 19 (ANI): Indians are fast developing a taste for the good life. Fancy lifestyle and luxurious brand names, real estate properties and ultra-luxurious amenities have created a demanding place for luxury housing in the country. To lure buyers, developers are also now trying out variety of new products in luxury housing segment. With this change in real estate trend, India has become one of the fastest growing countries with high net worth individuals, leading the investment portfolio totals upto 40% in the realty market.

Booming automobile sector

New Delhi, Aug 19 (ANI): The Indian auto industry has come a long way since its inception. It has emerged as a major contributor to India's gross domestic product (GDP), accounting around 7% and employing about 19 million people both directly and indirectly. In addition, with Government's backing and a rapid growth in demand of cars, multi-utility vehicles (MUVs), two and three wheelers and auto components, the sector is set to attract foreign investors. India is currently the sixth largest passenger vehicle market in the world, and is geared to overtake major markets in Europe and North America in the next decade.

BSE closes points 184.28 up on August 14

New Delhi, August 14 (ANI): Trading at the Bombay Stock Exchange today closed 184.28 points up to stand at 26,103.23. At the National Stock Exchange the Nifty closed 52.15 points up to stand at 7,791.70. JSW Steel and Indiabulls Real Estate were among the top gainers of Group A with an increase of 8.25% and 5.57% along with Unitech and Wockhardt with an increase of 4.71% and 4.60% respectively, while the top losers of Group A include Bhushan Steel and Suzlon Energy with a decrease of 4.97% and 4.62% along with Eicher Motors and Hero Moto Corp with a decrease of 3.75% and 2.65% at the close of the markets. The Auto sector is up 2.65 points at 16,348.06 while the banking sector is up 184.23 points at 17,251.19 and the reality sector is up 31.03 points at 1,808.78. The Indian currency is up 0.56% at Rs 60.87 per dollar.

BSE closes points 38.18 up on August 13

New Delhi, August 13 (ANI): Trading at the Bombay Stock Exchange today closed 38.18 points up to stand at 25,918.95. At the National Stock Exchange the Nifty closed 12.50 points up to stand at 7,739.55. Eicher Motors and Nestle India were among the top gainers of Group A with an increase of 10.66% and 5.31% along with Apollo Hospitals Enterprise Ltd. and Coromandel International Ltd. with an increase of 4.70% and 3.66% respectively, while the top losers of Group A include Unitech and Engineers India with a decrease of 17.14% and 13.89% along with Jaiprakash Associates Ltd. and Indiabulls Real Estate Ltd. with a decrease of 9.16% and 8.48% at the close of the markets. The Auto sector is up 13.30 points at 16,255.99 while the banking sector is down 170.67 points at 17,066.96 and the reality sector is down 97.99 points at 1,777.75. The Indian currency is up 0.29% at Rs 61.25 per dollar.

BSE closes points 361.53 up on August 12

New Delhi, August 12 (ANI): Trading at the Bombay Stock Exchange today closed 361.53 points up to stand at 25,880.77. At the National Stock Exchange the Nifty closed 101.10 points up to stand at 7,727.05. Eicher Motors and RAMCOCEM were among the top gainers of Group A with an increase of 8.40% and 8.30% along with Gail India and Tata Motors with an increase of 5.83% and 5.72% respectively, while the top losers of Group A include Bhushan Steel and Neyveli Lignite with a decrease of 9.98% and 6.49% along with Indian Hotels and Mangalore Refinery with a decrease of 5.96% and 5.28% at the close of the markets. The Auto sector is up 282.19 points at 16,238.89 while the banking sector is up 240.43 points at 17,237.63 and the reality sector is up 19.07 points at 1,875.74. The Indian currency is up 0.11% at Rs 61.11 per dollar.

BSE closes points 259.87 down on August 8

New Delhi, August 8 (ANI): Trading at the Bombay Stock Exchange today closed 259.87 points down to stand at 25,329.14. At the National Stock Exchange the Nifty closed 80.70 points down to stand at 7,568.55. Oracle Financial Services Software Ltd. and Apollo Hospitals Enterprise Ltd. were among the top gainers of Group A with an increase of 2.92% and 2.69% along with Pidilite Inds and Bharti Airtel with an increase of 2.49% and 2.31% respectively, while the top losers of Group A include Bhushan Steel and JPPOWER with a decrease of 9.99% and 6.01% along with Torrent Power and SSLT with a decrease of 5.80% and 5.71% at the close of the markets. The Auto sector is down 214.69 points at 15,544.33 while the banking sector is down 258.61 points at 16,903.81 and the reality sector is down 73.82 points at 1,838.98. The Indian currency is up 0.21% at Rs 61.35 per dollar.

BSE closes points 242.74 down n on August 6

New Delhi, August 6 (ANI): Trading at the Bombay Stock Exchange today closed 242.74 points down to stand at 25,665.27. At the National Stock Exchange the Nifty closed 74.50 points down to stand at 7,672.05. Suzlon Energy and Sobha Dev were among the top gainers of Group A with an increase of 4.79% and 4.53% along with Piramal Enterprises and Berger Paints with an increase of 4.43% and 3.84% respectively, while the top losers of Group A include Bhushan Steel and Apollo Tyres with a decrease of 20.00% and 7.15% along with IDBI Bank and Indiabulls Real Estate with a decrease of 6.85% and 5.81% at the close of the markets. The Auto sector is down 123.66 points at 15,763.15 while the banking sector is down 318.64 points at 17,179.85 and the reality sector is down 24.23 points at 1,919.32. The Indian currency is down 0.96% at Rs 60.43 per dollar.

RBI keeps repo, CRR unchanged; cuts SLR by 50 bps

Mumbai, Aug 05 (ANI): India's central bank, Reserve Bank of India (RBI), keeps its key policy repo rate unchanged as widely expected, but lowers banks' minimum bond holding requirements, known as the statutory liquidity ratio (SLR) by half a percentage point. The RBI has lowered the SLR, by half a percentage point to 22 percent to free up more money for lending, effective from August 09. RBI governor Raghuram Rajan said the move was aimed at giving more funds to private sector and for the public sector firms. The repo rate has been unchanged since January, when the RBI increased it by a quarter percentage point.

BSE closes points 242.32 up n on August 4

New Delhi, August 4 (ANI): Trading at the Bombay Stock Exchange today closed 242.32 points up to stand at 25,723.16. At the National Stock Exchange the Nifty closed 81.05 points up to stand at 7,683.65. Apollo Tyres and Crompton Greav were among the top gainers of Group A with an increase of 6.10% and 5.89% along with HPCL and CESC with an increase of 5.16% and 5.16% respectively, while the top losers of Group A include Syndicate Bank and Financial Tech with a decrease of 7.05% and 4.99% along with Britannia Industries and Bhushan Steel with a decrease of 3.57% and 3.49% at the close of the markets. The Auto sector is up 228.63 points at 15,558.20 while the banking sector is up 120.99 points at 17,449.97 and the reality sector is up 19.82 points at 1,893.40. The Indian currency is down 0.12% at Rs 61.11 per dollar.

BSE closes points 192.45 down on July 31

New Delhi, July 31 (ANI): Trading at the Bombay Stock Exchange today closed 192.45 points down to stand at 25,894.97. At the National Stock Exchange the Nifty closed 70.10 points down to stand at 7,721.30. IRB Infra and Pipavav Defence were among the top gainers of Group A with an increase of 7.79% and 4.55% along with The Ramco Cements Limited and Aurobindo Pharma with an increase of 4.39% and 4.35% respectively, while the top losers of Group A include Cadila Health and Max India with a decrease of 4.02% and 3.30% along with Wockhardt and NTPC with a decrease of 3.18% and 3.01% at the close of the markets. The Auto sector is down 97.03 points at 15,490.71 while the banking sector is down 208.90 points 17,485.61 and the realty sector is up 5.56 points at 1,894.02. The Indian currency is down 0.66% at Rs 60.46 per dollar.

BSE closes points 96.19 up on July 30

New Delhi, July 30 (ANI): Trading at the Bombay Stock Exchange today closed 96.19 points up to stand at 26,087.42. At the National Stock Exchange the Nifty closed 42.70 points up to stand at 7,791.40. Ashok Leyland and HDIL were among the top gainers of Group A with an increase of 6.56% and 5.84% along with Indiabulls Real Estate and CESC with an increase of 5.57% and 5.56% respectively, while the top losers of Group A include LandT and Financial Technologies with a decrease of 7.22% and 5.00% along with Pipavav Defence and Havells India with a decrease of 4.05% and 3.60% at the close of the markets. The Auto sector is up 99.54 points at 15,587.74 while the banking sector is up 273.12 points 17,694.51 and the realty sector is up 15.30 points at 1,888.46. The Indian currency is up 0.03% at Rs 60.11 per dollar.

BSE closes points 135.52 down on July 28

New Delhi, July 28 (ANI): Trading at the Bombay Stock Exchange today closed 135.52 points down to stand at 25,991.23. At the National Stock Exchange the Nifty closed 41.75 points down to stand at 7,748.70. Central Bank and Reliance Power were among the top gainers of Group A with an increase of 7.02% and 3.80% along with Hindustan Unilever and Glenmark Pharma with an increase of 3.62% and 3.38% respectively, while the top losers of Group A include Wockhardt and DLF with a decrease of 8.06% and 5.20% along with IRB Infra and CESC with a decrease of 5.11% and 4.60% at the close of the markets. The Auto sector is down 121.36 points at 15,488.20 while the banking sector is down 121.60 points 17,421.39 and the realty sector is down 51.84 points at 1,873.16. The Indian currency is up 0.03% at Rs 60.12 per dollar.

Biocon reports marginal revenue for first quarter of current fiscal

Bangalore, July 26 (ANI): Biotechnology major, Biocon Ltd, reported revenue of nearly 3.5 percent and a net profit of only 10 percent for the fiscal 2014-2015. Chairperson of Biocon Ltd, Kiran Mazumdar Shaw, while addressing a news conference in Bangalore said the biopharma sales were slow this quarter as compared to the previous quarters. Shaw said ongoing crisis in Middle East might have been a major reason for reduction in revenues for the biopharma and said they are looking at other global markets to compensate for the same.

BSE closes points 145.10 down on July 25

New Delhi, July 25 (ANI): Trading at the Bombay Stock Exchange today closed 145.10 points down to stand at 26,126.75. At the National Stock Exchange the Nifty closed 40.15 points down to stand at 7,790.45. Wockhardt and Glenmark Pharma were among the top gainers of Group A with an increase of 9.92% and 6.60% along with Sun Pharma and Ranbaxy Lab with an increase of 4.45% and 4.20% respectively, while the top losers of Group A include JPINFRATEC and Biocon with a decrease of 7.50% and 7.12% along with Century Tex and UCO Bank with a decrease of 6.90% and 6.44% at the close of the markets. The Auto sector is down 198.27 points at 15,609.56 while the banking sector is down 239.37 points 17,542.99 and the realty sector is down 52.97 points at 1,925.00. The Indian currency is up 0.03% at Rs 60.10 per dollar.