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February 27, Monday 2017 9:57 AM       

       HEADLINES: Attack on actress: Prime accused brought to Coimbatore for evidence collection                                              Kunhalikutty selected League national general secretary                                              Afghanistan: ISIS recruit from Kerala killed in drone strike                                              Attack on actress: Probe should be handed over to trusted agency                                              Two killed in bus-car collision                                              South Indian comedian Thavakkala dies                                              India needs more scientists to harness technology: Modi                                              Gujarat ATS arrests suspected ISIS operatives                                              PIA had seven passengers standing during Karachi-Madina flight                                              Kohli, Ashwin unmoved in latest ICC Test Rankings                                              Kaumudi Facebook
       BUSINESS Next Article: SBI cuts lending rate by 90 bps; others likely to follow suit  
       Sensex begins 2017 on negative note, down 132 points
 
         Posted on :16:31:46 Jan 2, 2017
   
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       Last edited on:16:31:46 Jan 2, 2017
         Tags: Sensex, negative note, 132 points
 
MUMBAI: Stock markets opened on a subdued note on the first trading day of 2017, with the benchmark BSE Sensex falling over 132 points in early trade on profit-booking after recent gains.
 
The 30-share index, which had gained 415.78 points in the previous two sessions, fell 132.37 points, or 0.50 per cent, to 26,494.09 in early trade today.
 
Stocks of FMCG, teck, IT and auto were major losers, dragging the key indices down.
 
Bucking the trend were stocks of realty companies, which were in demand after Prime Minister Narendra Modi on December 31 announced that loans of up to Rs 9 lakh taken in the new year under the new scheme of Pradhan Mantri Awas Yojana will receive interest subvention of 4 per cent and loan of up to Rs 12 lakh will get a 3 per cent interest waiver.
 
Shares of Unitech, DLF Ltd, HDIL, Oberoi Realty, Sobha Ltd, Godrej Properties, Indiabulls Real Estate and Omaxe Ltd trading in positive zone with gains of up to 5 per cent.
 
The broad-based NSE Nifty was down 44.80 points, or 0.54 per cent, to 8,141.
 
Brokers said that profit-booking in stocks that logged gains recently, and absence of cues from other global markets which are closed today, left an impact on the markets.
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       BUSINESS
Next Article: SBI cuts lending rate by 90 bps; others likely to follow suit
 
 
BUSINESS HEADLINES
NCAER lowers GDP growth forecast to 6.9 pc for FY17  
Demonetisation sucked in cash like vacuum cleaner:IMF official  
Infosys seeks shareholder nod to amend Articles of Association  
Note ban impact on loan, deposit growth significant: Moody's  
Bharti Airtel to acquire Telenor India  
India's GDP projected to slow to 6.6% post-demonetisation: IMF  
Snapdeal to cut 600 jobs; CEO admits 'mistake' in biz plan  
Snapdeal founders take 100% salary cut  
Tatas to lead, not follow: Chandrasekaran  
Will sustain TCS' growth momentum, says CEO Gopinathan  
'Slowdown spill over to January-March quarter'  
Microsoft-Flikpkart announce strategic tie-up  
EU asks India to extend by 6 months trade pact with EU nations  
Licensing for payment sector can't be tick-box exercise: Gandhi  
TRAI seeks views on promotional offers, predatory pricing  
Note ban impacts PepsiCo's India biz: Nooyi  
EPFO extends deadline for submitting Aadhaar till Mar 31  
TCS to look at buyback on Feb 20  
Sensex near five-month highs, Nifty reclaims 8,800-mark  
India's GDP to expand post demonetisation: Meghwal  
India's GDP to expand post demonetisation: Meghwal  
Air India inducts A320 neo plane, to add 13 more this year  
Sensex bounces 146 pts; IT, pharma lead rally  
India, UAE trade to hit USD 100 billion by 2020: CII  
E-commerce expected to touch USD 50-55 billion by 2021: Study  
 
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