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14
January 2019
The
major indices of the Indian stock markets were range-bound on Monday and closed
with small losses over Friday’s close. On the NSE, there were 660 advances,
1,081 declines and 344 unchanged. The trends of the major indices in the course
of Monday’s trading are given in the table below:
The
Indian equity indices traded in the red on Monday. The Nifty50 on the National
Stock Exchange also slumped and was around the 10,700-mark level during the
afternoon session. Weakness in the Asian markets and depreciation in the Indian
rupee dampened the domestic market sentiments, analysts said. The Total Investment & Insurance Solutions
The rupee was trading around 70.80 (1.32
p.m.) against the previous close of 70.49 per dollar. Except IT (information
technology) and Teck (technology, media and entertainment) stocks, all the
sectoral indices declined during the day, led by selling pressure in banking,
capital goods and auto stocks. The
Total Investment & Insurance Solutions
India's
annual rate of inflation based on wholesale prices eased to 3.80% in December 2018
from 4.64% in November, official data showed here on Monday. However, on a
year-on-year (YoY) basis, the Wholesale Price Index (WPI) data furnished by the
Ministry of Commerce and Industry was higher than the rise of 3.58% reported
for the corresponding period of 2017. "The annual rate of inflation, based
on monthly WPI, stood at 3.80% (provisional) for the month of December, 2018
(over December, 2017) as compared to 4.64% (provisional) for the previous month
and 3.58% during the corresponding month of the previous year," the
Ministry said in its review of "Index Numbers of Wholesale Price in
India" for December. "Build up inflation rate in the financial year
so far was 3.27% compared to a build-up rate of 2.21% in the corresponding
period of the previous year."
Transport
fuel rates were hiked for the fifth time this month and saw their steepest rise
on Sunday, amid global crude oil rates continuing to climb handsomely following
the implementation of output cuts by oil producers from January 1.
Private
lender Yes Bank has appointed former bureaucrat Brahm Dutt as its non-executive
part-time Chairman till July 4, 2020. According to the company, Dutt has been
on the Board of Yes Bank since July 2013 as an 'Independent Director', and has
contributed to almost all the sub-committees of the Board during this period.
He is currently the Chair of the 'Nomination and Remuneration Committee'. The
company said the bank now has eight members on its Board which includes Rana
Kapoor, T.S. Vijayan, Uttam Prakash Agarwal, Pratima Sheorey, Ajai Kumar,
Subhash Kalia and Mukesh Sabharwal. Yes Bank shares closed at Rs195.40, up
6.22% on the NSE.
Coal India's subsidiary Mahanadi Coalfields
Limited (MCL) on Saturday said production and dispatches at its Talcher unit in
Angul district of Odisha came to a "grinding halt" in the last few
days due to a stir by local activists. The Total Investment & Insurance Solutions
The
top gainers and top losers of the major indices are given in the table below:
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| Major Indices (The Total Investment & Insurance Solutions) |
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