Tue, Feb 28, 2017 | updated 01:58 PM IST

Nifty hits 8700, Sensex opens higher; Axis Bank up

Updated: Aug 08, 2016 12:13 IST

New Delhi, Aug. 8 (ANI): The market on Monday opened higher with the Nifty trading at a 52-week high with the index up 26.95 points or 0.3 percent at 8710.10.

On the other hand, the Sensex traded up 113.53 points or 0.4 percent at 28191.88.

With 409 shares advancing, Bajaj Auto, Axis Bank, Adani Ports and Maruti were among the top gainers while Infosys, GAIL, TCS and Bharti Airtel were amongst the losers in the Sensex.

The Indian rupee opened lower by eight paise at 66.85 per dollar on Monday versus previous close 66.77.

Dollar gained ground versus the yen amid the bigger-than-estimated increase in American payrolls.

As per the analysts, the rupee will trade with a positive bias as far as it trades above 67/dollar. It will get steam from positive domestic cues to head towards 66.50/dollar.

Also, the Natural gas price paid to producers like state-owned Oil and Natural Gas Corp (ONGC) and Reliance Industries is likely to fall 20 percent to USD 2.45 in October.

This will be the fourth reduction in the last 18 months following the formula approved by the government in October 2014.

The prices of natural gas produced from existing fields of ONGC and RIL is likely to fall to USD 2.45 per million British thermal unit with effect from October 1 as opposed to USD 3.06 currently. (ANI)

Strike disrupts banking services in Tripura

Updated: Feb 28, 2017 13:41 IST

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New Delhi [India], Feb 28 (ANI): Credit rating agency ICRA expects the domestic sugar prices to remain firm in the near term, given the deficit situation in the domestic and international markets.

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New Delhi [India], Feb 28 (ANI-NewsVoir): The world's most elegant and notable celebrities sparkled in platinum jewelry at the "89th Annual Academy Awards" and related parties this evening. Large diamond stud earrings, cuff bracelets and cocktail rings were the top platinum jewelry trends on the red carpet.

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New Delhi [India], Feb. 27 (ANI): Kritika Dahal, Director of Hongkong-based International Rising Limited was arrested by the Enforcement Directorate on charges of money laundering.

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Jaitley opens trading on London Stock Exchange

Updated: Feb 27, 2017 19:31 IST

London [United Kingdom], Feb.27 (ANI): Visiting Indian Finance Minister Arun Jaitley opened trading on the London Stock Exchange on Monday in the presence of British Member of Parliament and UK Secretary of State for International Trade Liam Fox, India's High Commissioner to the United Kingdom Y.K. Sinha and Pankaj Patel, President, FICCI.

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New Delhi [India], Feb. 27 (ANI): Subhrakant Panda, Managing Director, Indian Metals and Ferro Alloys Ltd and Jawahar Vadivelu, Chairman, Cameo Corporate Services Limited, have taken over as the President and Vice President of ICC India, respectively, at the conclusion of 86th Annual General Meeting of ICC India held here on Monday.

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New Delhi [India], Feb. 27 (ANI-BusinessWireIndia): Premium inner wear brand, Euro Fashion Inners, announced the launch of Euro Blaze, a new collection of men's brief that celebrates the Inner Fire and Passion of men that drives them towards higher goals in life.

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New Delhi [India], Feb. 27 (ANI): Droom, India's pioneering online automobile transactional marketplace, is riding high on the success of its Orange Book Value (OBV), an algorithm-based benchmark pricing engine, which has received over 100 million queries in 14 months.

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New Delhi [India], Feb 27 (ANI): In line with the company's continued effort to strengthen and professionalize its management for achieving accelerated growth and business excellence, Intex Technologies, one of the leading consumer electronics major, has appointed S P Subramanian as Assistant Vice President - Sales (Mobile) to further strengthen its mobile business.

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New Delhi [India], Feb. 27 (ANI): E-commerce major Paytm announced the launch of its Paytm Mall app on Android on Monday.

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Islamabad [Pakistan], Feb.27 (ANI): The Pakistan government has released over 430 billion rupees for different social sector development projects against a total allocation of 800 billion rupees, the Ministry of Planning release said Monday.

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New Delhi [India], Feb 27 (ANI): India's largest telecommunications services provider Bharti Airtel on Monday announced radical changes in its value proposition for domestic and international roaming as the customers will now be able to carry their numbers across India and the world and stay connected all the time without having to worry about high call/data charges.

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New Delhi [India], Feb. 27 (ANI): Bitcoin start-ups Zebpay, Unocoin, Coinsecure and Searchtrade jointly launched Digital Asset and Blockchain Foundation of India (DABFI) for the orderly and transparent growth of virtual currency market.

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