Sensex turns positive, rises 150 points

MUMBAI: Just as Finance Minister Arun Jaitley presented Budget for the year 2014-15, stock markets showed positive signs. However, by the end of the day it had fallen lower than its opening value. At 3:34 pm the Sensex closed at 25,372.75, down 72.06 points and Nifty ended trading at 7,567.75, falling by 17.25 points. Among specific sector indices Midcap index was up 0.35 per cent, Realty index up 4.67 per cent and Bank Nifty down 1.25 per cent. The IT index was down by 0.96 per cent while infrastructure index  was up by 0.15 per cent.


At 3:10 pm was when the Sensex turned negative and was down 81 points at 25,363. The  Nifty down 17.3 points at 7,568 but at 1:16 pm the Sensex was trading at 158 points higher at 25,603.61 and Nifty was up  by 45 points at 7,630.


At 1:00 pm the realty index was up by 1.05 per cent but at 12:20pm, the 30-share benchmark BSE sensex was down 139.75 points, or 0.6 per cent at 25,305.06 points


Sensex stocks like Wipro rose by 2.2 per cent while IT giant Infosys rose by 1.5 per cent.


Stocks of Sesa Sterlite fell by 2.5 per cent along with Bharti Airtel whose stocks were down by 2.4 per cent. The stock exchange’s power and banking indices were down by 1.5 per cent each.


Shares of defence companies and financial services companies, with interests in insurance, rose after Jaitley raised the cap for foreign direct investment (FDI) in these two sectors by up to 49 per cent.


Financial services firms Reliance Capital and Bajaj Finserv were up by 1.9 per cent each, while Max India rose by 2.7 per cent.


“Difficult as it may appear, I have decided to accept this target as a challenge,” Jaitley said, adding that the fiscal deficit would be brought down to 3 per cent of GDP by 2017. “We cannot leave behind a legacy of debt for our future generations.”


Latest Reads

MIPCOM 2016 sets new records

CANNES: Record attendances at MIPJunior and MIPCOM, more World Premiere TV and International Screenings than ever, a remarkable Japan Country of Honour programme, a Personality of the Year, Shonda Rhimes, who packed delegates into her keynote interview and a tour de force opening keynote from Sony...

Specials Event Coverage Mipcom
BidSlate offers film buyers, content-owners negotiation platform

What if filmmakers didn’t have to rely solely on film markets and sales agents to sell content? And international film buyers had continuous access to a 24/7 international marketplace populated by an ever-growing catalog of content?

Specials Event Coverage Mipcom
Two popular BMX content creators join XTreme video multi-platform network

XTreme Video, the leading Multi-Platform Network (MPN) for extreme athletes and creators with over 200 million views each month and more than 50 million social followers, today announced the addition of two of YouTube’s top BMX creators, KinkBMX and Boqer123, to the XTreme Video network. Heading...

Specials Event Coverage Mipcom
INsight-Flare to produce reality competition 'The Line'

INsight TV has commissioned yet another new original format in Ultra HD, partnering with Flare Media to produce the reality competition The Line.

Specials Event Coverage Mipcom
FremantleMedia brings 'Familiar Taste' to MIPCOM

FremantleMedia is bringing a brand new title to MIPCOM 2016, which promises to leave viewers feeling warm inside. Familiar Taste sees well-known faces thanking those people who have had a major impact on their lives by sharing with them a surprise meal they have cooked themselves.

Specials Event Coverage Mipcom
MIPCOM: Beta Film delivers interactive TV-event 'The Verdict' throughout Europe

The interactive TV-event The Verdict continues its roll-out throughout Europe and will be simultaneously broadcast in six countries with additional territories to follow. The MOOVIE production by Oliver Berben (“Shades of Guilt”, “Hotel Adlon – A Family Saga”) will be screened in Germany, Austria,...

Specials Event Coverage Mipcom
'Inside the Masters of Dirt' on INsight TV to have non-scripted reality series in ultra-HD

INsight TV has commissioned a new, non-scripted reality series Inside the Masters of Dirt with XTreme Video, which follows the crew that produces the popular freestyle motocross arena show of the same name. Featuring fearless leaders in extreme motorsports, XTreme Video will be the first to present...

Specials Event Coverage Mipcom
MIPCOM: Cyber Group Studios signs deals with broadcasters, digital platforms

On the heels of MIPCOM Junior, Paris-based producer and distributor Cyber Group Studios continues to establish a strong presence worldwide by signing new agreements with buyers including major broadcasters and digital platforms for more than ten series of its catalogue. Deals cover players such as...

Specials Event Coverage Mipcom
Bloomberg Media Distribution signs Hollywood Reporter, Billboard, El Financiero, STAT as partners

Bloomberg Media Distribution today announced a partnership with a raft of premium publishers to provide business, technology, entertainment, music, lifestyle and health news to global audiences. Launched at MIPCOM, Bloomberg Media Distribution will distribute The Hollywood Reporter, Billboard, El...

Specials Event Coverage Mipcom

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories