Business

Sitharaman, during her media address last week, had hinted that more relief measures were underway which will help in reviving the economy.

Media reports said that several officials of the RBL Bank sold the shares of the lender after VG Sidhartha’s suicide note hit the social media on 30 July. RBL Bank had exposure to some of the companies controlled and linked to VG Sidhartha.

Yes Bank was the biggest loser in the Sensex pack, plunging 7.47 per cent, after Moody's Investors Service downgraded the lender's long-term foreign-currency issuer rating, terming the bank's outlook as negative.

The Adani Ports stock closed the trading session at Rs 369.65, up 5.8% from its previous close of Rs 349.35, after hitting an intra-day high of Rs 375. The stock has lost nearly 8% in the last year.

Gangwal and his affiliates hold around 37 per cent stake in InterGlobe Aviation, while Bhatia's group owns nearly 38 per cent shareholding.

The NSO report is based on the payroll data of new subscribers of various social security schemes run by ESIC, retirement fund body EPFO and the Pension Fund Regulatory and Development Authority (PFRDA).

Reports of roll back of FPI tax and announcement that the finance minister would address the media in the evening fuelled speculations that the government would announce measures to support the sagging economy.

The remarks come amid demand by India Inc for a stimulus package to deal with the slowdown in various sectors of the economy.

Tech Mahindra, TCS, HUL and HCL Tech were the only gainers, spurting up to 1.57 per cent.

The 30-share index was trading 127.32 points, or 0.34 percent, lower at 36,933.05. The broader Nifty too fell 44.80 points, or 0.17 percent, to 10,873.90 in morning trade.

The Nifty has lost almost a 1,000 in the past three months and market sentiments continue to remain weak in the near term.

DHFL shares tanked 5.20 per cent to close at Rs 46.50 on the BSE. Intra-day, the stock tumbled 7.84 per cent to Rs 45.20.

According to a blueprint prepared by the Railway Board, no concessions, privileges or duty passes will be allowed on these trains, sources said.

After opening on a positive note, the 30-share index swung 292 points, finally settling 74.48 points, or 0.20 per cent, lower at 37,328.01. It hit an intra-day high of 37,511.55 and low of 37,219.90.

According to the complaint, directors of four real estate firms are accused of cheating a large number of investors on the pretext of allotment of flats, shops, commercial spaces in its proposed projects at Noida, Greater Noida, Gurgaon, etc.

After rallying 369 points during the day amid positive cues from global markets, the 30-share Sensex settled 52.16 points, or 0.14 per cent, higher at 37,402.49. It hit an intra-day high of 37,718.88 and a low of 37,358.49.