Tightening the noose around Vijay Mallya, the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI) are looking at around 40 companies in which he is said to have a stake, directly or indirectly.
On Friday today, the market has closed on a flat at 25,606 on weak global cues. The 30-share Sensex, which lost 461 points in the previous session, has slipped by another 55.65 points, or 0.21 per cent, to 25,547.45.
The BSE Sensex and the broader Nifty came under selling pressure in early noon trade amid weakness in Asian markets. Bank of Japan today held off from expanding monetary stimulus, disappointing global investors.
The market is consolidating after the Nifty hit fresh 2016 high. The 50-share index is up 3.45 points at 7966.10. The Sensex is down 6.04 points at 26001.26. About 1164 shares have advanced, 850 shares declined, and 131 shares are unchanged.
Ahead of Tamil Nadu Polls, taxi operator Uber has partnered with the Election Commission in Tamil Nadu to encourage people to vote. After having discussion with the officials, Uber will be collaborating with Systematic Voters Education and Electoral Participation programme.
Indian rupee has been trading lower by 22 paise in the Monday trade on demand for the US currency. The dollar went weak in comparison to the global currencies while the domestic equity market saw higher opening.
The 30-share index which had lost 42.24 points in the previous session on Friday has recovered 53 points at 25,891.03 on Monday today with capital goods, technology, realty, IT and banking sectors sailing high.
Automobiles giant Mahindra and Mahindra has become the first Indian company to join a global energy campaign, led by an international non-profit group that will work with the world’s most influential businesses in setting commitments to double their energy productivity.
On Friday today, the rupee depreciated by 15 paise to quote at 66.55 against the dollar at the Inter-bank Foreign Exchange (forex) market in early trade today on increased demand for the American currency from importers and banks.
Gold prices flared by Rs 400 to Rs 29,900 per 10 grams at the bullion market on Thursday today, due to ongoing wedding season demand. Silver also soared by Rs 2,400 to close at Rs 40,900 per kg on demand from industrial units and coin makers.