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Dayanidhi Maran's bail cancelled, asked to surrender in three days
In a setback to former communications minister Dayanidhi Maran, the Madras High Court on Monday cancelled his anticipatory bail and asked him to surrender before the CBI in three days.
 
The Central Bureau of Investigation (CBI) had filed a petition seeking to cancel the anticipatory bail granted to Maran on grounds that the DMK leader did not cooperate with the investigation.
 
The court accepted CBI's argument and cancelled the bail granted earlier.
 
The CBI case relates to the installation of over 300 high speed data lines at his Boat Club Road residence to benefit Sun TV group promoted by his elder brother Kalanithi Maran.
 
The CBI latter said the number of phone lines installed is over 700 at his Boat Club Road residence and another residence in Delhi.

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COMMENTS

Gopalakrishnan T V

2 years ago

Justice should be done and it should also appear to have been done. All are equal before the laws of the country. Position power, party should not influence the process of law and this approach only can help the country to improve its thics.

Nifty, Sensex headed lower – Monday closing report
Only a close above 8,550 can put Nifty back on the uptrend
 
We had mentioned in Friday’s closing report that the Indian indices were moving sideways, while the market struggled to gain the momentum for a rally. In Monday’s trading too, the major indices in the Indian stock market made marginal losses at the end of the day with no significant highs during the day. While both the benchmarks, NSE’s CNX Nifty and S&P BSE Sensex ended the day marginally down, a close above 8,550 can put the 50-stock Nifty back on the uptrend. 
 
 
Sentiments turned bearish on the eve of the release of key economic data points, leading to a barometer index of the Indian equity markets closing flat on Monday.
 
The 30-scrip S&P BSE Sensex around 135 points or 0.50%. The wider 50-scrip NSE CNX Nifty also ended the day's trade in the red. It edged lower by 39 points or 0.46% at 8,525.60 points.
 
The S&P BSE Sensex, which opened at 28,250.78 points, closed at 28,101.72 points -- down 134.67 points or 0.48% from the previous day's close at 28,236.39 points.
 
Analysts observed that the equity markets had made initial gains on the back of data, which showed a slowdown in the US jobs growth in July. This data is expected to deter the US Federal Reserve from raising interest rates in September or to wait until December. 
 
With higher interest rates in the US, the FPIs (Foreign Portfolio Investors) are expected to be led away from emerging markets such as India.
 
The US economy added 215,000 new jobs last month. In June, the employment figures went up by 231,000, while during May the figure stood at 260,000.
 
However, the initial gains in Indian markets were soon wiped-out, as investors became anxious over the upcoming key economic data points of Consumer Price Inflation (CPI) and Index of Industrial Production (IIP). 
 
Analysts added that the markets were upset over the logjam in the Parliament. The monsoon session of the Parliament ends on 13th August with fate of key legislations like the GST (goods and services) or the Land bill hanging in the balance.
Sector-wise, all 12 sub-indices of the S&P BSE except the realty index ended in the red.
 
The S&P BSE capital goods index decreased by 118.87 points, followed by consumer durables index which receded by 104.76 points, oil and gas index declined by 93.69 points, metal index edged-lower by 90 points and fast moving consumer goods (FMCG) index fell by 53.61 points.
 
However, the S&P BSE realty index edged higher by 11.87 points.
 
The top gainers and losers of major indices in the stock markets are given in the table below:
 
 
The closing values of major Asian indices are given in the table below:
 
 
Among European indices, FTSE 100 was at 6,665.16, down 0.79% and DAX was at 11,533.86, up 0.38%. Athex Composite Share Price Index was at 686.17, up 1.45%.
 

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