Sensex hits fresh high of 36,740, Nifty at 11,057; Wipro, Reliance Industries, Infosys top gainers
Sensex and Nifty continued their rally in early trade today despite
flow of negative news on macroeconomic front on Thursday. While the
Sensex rose 174 points or 0.48% to 36,723 level, the Nifty climbed 35
points or 0.32% to 11,058 level.
Fortis accepts $584 million stake deal from Malaysia's IHH Healthcare
Healthcare Ltd said on Friday that it accepted an investment offer from
Malaysia's IHH Healthcare Bhd, capping a months-long bidding war for
control of the firm that drew interest from domestic as well as
international suitors. Cash-strapped Fortis said IHH will invest Rs 40
billion at Rs 170 per share in the company that operates about 30
private hospitals in India.
Retail inflation hits 5-month high in June on soaring fuel prices, weak rupee
to data released by the Central Statistics Office (CSO) on Thursday the
retail inflation soared to 5 per cent in June compared to 4.87 per cent
seen in May. This amounts to a five-month high in retail inflation,
which is calculated on the basis of Consumer Price Index. The latest
jump in consumer inflation comes on the back of a depreciating rupee and
skyrocketing fuel prices.
Industrial output slips to 7-month low of 3.2% in May over sluggish manufacturing, power activity
Industrial Production (IIP) declined to a seven-month low of 3.2 per
cent in May as compared to 4.8 per cent in April, mainly due to slow
manufacturing activity and sluggish performance of power sectors, and
the FMCG sector. Data released on Thursday by the Ministry of Statistics
and Programme Implementation showed that the cumulative growth in May
over the corresponding period last year stands at 4 per cent.
RBI makes it mandatory to mention buyer's name on demand draft to curb money laundering
central bank on Thursday said it has decided to make it mandatory to
mention the name of a purchaser on the face of a demand draft (DD) at a
bank branch. The decision was taken by the Reserve Bank of India to make
banking instruments safer and stronger.