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Sensex, Nifty end flat but Midcap outperforms; metals, realty shine; cement stocks dip

20h moneycontrol
It was a lacklustre session for equity benchmarks after a nearly 600-point rally on the Sensex in previous two consecutive sessions, but broader markets continued to rally on Monday. Investors digested Moody's India rating upgrade and focussed on global cues. (28-0)

Market Update: ICICI, PNB drag Bank Nifty lower; Maruti, United Spirits hit new 52-week high, Idea up 4%

2017-11-20 moneycontrol
The Indian benchmark indices on Monday afternoon wiped out of of its morning gains and were trading flat with the Nifty down 1 points while the Sensex was up 4 points at 33347. (18-0)

Yes Bank, IndusInd Bank correct 1-2% on inclusion in BSE Sensex; Cipla, Lupin weak

2017-11-20 moneycontrol
Yes Bank gained 2.2 percent intraday and IndusInd Bank added over a percent after the Asia Index decided to add both stocks into BSE Sensex 30. (9-0)

YES Bank, IndusInd Bank shares jump on Sensex inclusion

2017-11-20 thehindubusinessline
Shares of YES Bank and IndusInd Bank were trading higher by over one per cent on Monday as both the private sector lenders will join the BSE stock exchange’s 30-member Sensex index, effective December 18. (5-0)

News Live: Logistics sector to soon get infrastructure status

2017-11-20 moneycontrol
The logistics sector will soon get infrastructure status, a move that will help the industry raise funds at competitive rates and boost India’s trade, a senior government official told PTI. The proposal mooted by the Commerce Ministry has been approved by the Finance Ministry, the official said, adding that “a notification in this regard would be issued soon''. (104-0)

Market Update: Maruti, DLF hit 52-week high, GATI jumps over 8%; ICICI Bank down over 1%

2017-11-20 moneycontrol
The Indian benchmark indices on Monday morning were trading on a positive note with the Nifty up 16.9 points or 0.16 percent while the Sensex gained 80 points at 33422. (13-0)

News Live: Lenders file insolvency plea against SevenHills Hospital, says report

2017-11-20 moneycontrol
Lenders to stressed SevenHills Hospital led by Axis Bank have filed for insolvency after months of negotiations with several strategic and financial suitors, including a JP Morgan fund, failed to yield any resolution, reports The Economic Times. The move will force an auction of the chain, sources said. Apart from Axis, an SBI consortium, Allahabad Bank, Union Bank of India, Punjab & Sind Bank, UCO Bank, Canara Bank, Central Bank and Bank of Maharashtra have lent to Seven Hills. (115-0)

News Live: FDI in non-food retail unlikely before 2019 Lok Sabha elections, says report

2017-11-20 moneycontrol
Wary of the potential electoral fallout of breaching its promise not to permit foreign direct investment (FDI) in multi-brand retail, the National Democratic Alliance (NDA) government has decided not to allow foreign supermarket chains to sell non-food items during its current tenure, which ends in 2019, reports Mint. “Allowing foreign retailers to sell non-food items in India is unlikely to happen before the next general election,” a senior government official involved in the FDI decision-making process said. (103-2)

News Live: Xiaomi looking to invest $1bn in Indian startups, says report

2017-11-20 moneycontrol
Chinese phone and appliances maker Xiaomi Corporation will invest as much as $1 billion in 100 startups in India over the next five years, seeking to create an ecosystem of apps around its smartphone brand, chief executive Lei Jun told Mint. Lei said Xiaomi and its sister company Shunwei Capital, which have purchased stakes in six Indian internet companies including Hungama and KrazyBee, will invest in businesses such as content, financial technology, hyperlocal services, including mobile phone repairs, and manufacturing in order to increase the adoption of mobile internet in the country. (103-0)

News Live: Manmohan Singh says eco not out of the woods despite Moody#39;s rating upgrade

2017-11-18 moneycontrol
The NDA government should not be "lured into false belief" that the economy is out of the wood, former Prime Minister Manmohan Singh said, reacting to the Moody's upgradation of India's sovereign credit rating, reports PTI. The US-based agency upped India's rating to Baa2 from Baa3 and changed its rating outlook to 'stable' from 'positive', saying the reforms will help stabilise rising levels of debt. (7-0)

News Live: LT bags Rs 8,650 crore order to build Mumbai Trans Harbour Link

2017-11-18 moneycontrol
A strong intensity earthquake measuring 6.9 on Richter Scale hit Tibet's Nyingchi prefecture, located close to Arunachal Pradesh border, in the early hours of today. (7-0)

News Live: Complaint against Farooq Abdullah, Rishi Kapoor over PoK remark

2017-11-18 moneycontrol
A strong intensity earthquake measuring 6.9 on Richter Scale hit Tibet's Nyingchi prefecture, located close to Arunachal Pradesh border, in the early hours of today. (7-0)

News Live: Central Railway to add 52 escalators, 25 lifts in next 4 months in Mumbai

2017-11-18 moneycontrol
A strong intensity earthquake measuring 6.9 on Richter Scale hit Tibet's Nyingchi prefecture, located close to Arunachal Pradesh border, in the early hours of today. (7-0)

News Live: NRIs, PIOs don#39;t need to link bank account, PAN with Aadhaar: UIDAI

2017-11-18 moneycontrol
Private sector lenders -- IndusInd Bank and Yes Bank -- will make an entry in the BSE's benchmark index from December 18, Asia Index said today. (5-0)

Economists’ take: Well-timed and positive for the bond market...

2017-11-17 thehindubusinessline
Timing, as they say, is everything and this seems true even in the case of sovereign rating upgrades — as Moody’s latest move was well timed to lift the bond market. (2-0)