Connect with us

Business

Sensex, Nifty Pre-Market Cues: All You Need To Know Going Into Trade on 11 January

Published

on

Caution ahead of the key micro-economic data and selling in the financials sector dragged the major indices in the red during the pre-afternoon trade session on Friday.

Key macro-economic figures like forex reserves, Index of Industrial Production and manufacturing output are set to be released on Friday.

Realty stocks traded over 1 per cent lower after Finance Minister Arun Jaitley said at
Thursday’s GST Council Meeting that owing to diverse opinion, a decision on the much-expected rate reduction for under-construction homes will be taken at a later meeting.
Image result for Sensex, Nifty in red
The IT sector stocks also witnessed heavy selling pressure. Financials too traded in the red.

The BSE Sensex opened at 36,191.87 from its previous close at 36,106.50 on Thursday.

At 10.40 a.m., the Sensex traded at 36,040.61 lower by 65.89 points or 0.18 per cent.

The Nifty50 of the National Stock Exchange (NSE) opened at 10,834.75 after closing at 10,821.60 on Thursday.

The Nifty traded at 10,803.85 during the morning trade session, down 17.75 points or 0.16 per cent.

Stock-wise, IT major Tata Consultancy Services traded 1.94 per cent lower after it announced it’s quarterly results on Thursday.

Business

CBI raids at 169 places across nation in bank fraud cases worth 7000 crore

Published

on

By

New Delhi: The CBI is conducting searches in 169 locations across the country in connection with 35 bank fraud cases, which were registered by it and involve funds of over Rs 7,000 crore, officials said on Tuesday.

The searches are going on in Delhi, Gurgaon, Chandigarh, Ludhiana, Dehradun, Noida, Baramati, Mumbai, Thane, Silvassa, Kalyan, Amritsar, Faridabad, Bengaluru, Tirupur, Chennai, Madurai, Quilon, Cochin, Bhavnagar, Surat, Ahmedabad, Kanpur, Ghaziabad, Bhopal, Varanasi, Chandauli, Bhatinda, Gurdaspur, Morena, Kolkata, Patna, Krishna and Hyderabad, they said. The agency refused to give further details as the search operations are still going on, they said.

Among the alleged frauds being probed by the agency are SEL Manufacturing in Bank of Maharashtra worth Rs 113.55 crore, Advance Surfactants in SBI worth Rs 118.49 crore, Eskay Knit worth Rs 42.16 crore in Dena Bank (now Bank of Baroda), Krishna Knitwear Technology worth over Rs 27 crore in Canara Bank, they said.

The cases pertain to State Bank of India, Punjab National Bank, Andhra Bank, Oriental Bank of Commerce, Indian Overseas Bank, Allahabad Bank, Canara Bank, Dena Bank, Central Bank of India, Union Bank of India, IDBI Bank, Bank of Baroda, Bank of Maharashtra, Bank of India, and Punjab and Sind Bank, they said.

Continue Reading

Trending