Sensex surges 400 points, hits 54,000 for first time


Mumbai, Aug 4 : The key Indian equity indices surged on Wednesday morning with the BSE Sensex crossing the 54,000-mark for the first time ever. Both Sensex and the Nifty50 traded at record levels. Healthy buying was witnessed in metal, finance and banking stocks. Around 9.45 a.m., Sensex was trading at 54,233.97, higher by 410.61 or 0.76 per cent from its previous close of 53,823.36. It opened at 54,071.22 and has touched an intraday high of 54,274.40 and a low of 54,034.31 points. The Nifty50 on the National Stock Exchange was trading at 16,242.00, higher by 111.25 points or 0.69 per cent from its previous close. The top gainers on the Sensex were HDFC, ICICI Bank and Tata Steel, while the major losers were Bharti Airtel, Sun Pharmaceutical Industries and UltraTech Cement. /IANS


Govt looks at revising coal stock rules to address fuel shortage
New Delhi, Sep 4 : In an attempt to address the issue of coal shortage being faced by certain thermal power stations, the government is looking at eas

Equities likely to rise further but valuations cast a concern
By Rohit Vaid Mumbai, Sep 4 : Persistent foreign capital inflows on the back of buoyant global cues as well as domestic macros are expected to furt

Punjab, American Chamber of Commerce sign pact
Chandigarh, Sep 4 : In a first, a memorandum of Understanding (MoU) was signed between Punjab and the American Chamber of Commerce in India (AMCHAM In