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January 21, Saturday 2017 1:34 AM       

       HEADLINES: Milk price may be hiked by Rs 2                                              Shivpal finds place in Akhilesh Yadav's first list                                              Stalin, Kanimozhi among DMK leaders held; protesters stay put                                              Air India removes 57 over-weight crew members from flying duty                                              Hizbul Mujahideen warns people against participating in R-Day                                              New legislation to tighten H1B visas to foreign techies                                              Pak asks India, WB to inform it of all future hydel projects                                              Saina, Jayaram reach quarterfinals in Malaysia Masters                                              Probably one of my best innings, says Yuvraj Singh                                              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
Right time to invest in India: Gadkari  
Autonomy impinged, protest RBI staff  
Will continue my association with TCS: Chandra to employees  
RBI may cut repo rate by 25 basis points in Feb: HSBC report  
SpiceJet strikes Rs 1.5 L cr deal with Boeing for 205 planes  
Retail inflation hits 3-year low of 3.41%  
TCS names Rajesh Gopinathan as MD and CEO  
Factory output grows 5.7 pc in Nov, shrugs off slowdown fears  
TCS Q3 net profit up 11% to Rs 6,778 cr  
Demonetisation, GST to make society tax compliant: Jaitley  
Patel urges govt to rein in borrowings, inflation  
GoAir firms up order for 72 A320 neo planes worth Rs 52,000 cr  
Nano project led to Gujarat as car mfg hub: Ratan Tata  
Yahoo Chief Mayer to leave company board after Verizon sale  
Auto sales at 16-yr low in Dec as demonetisation takes toll  
FM cites higher tax mop up to dismiss economic slowdown fears  
Demonetisation just a bump; India to maintain 7% growth: Cisco  
Volkswagen defies 'dieselgate' to boost sales in 2016  
'Despite demonetisation, India to grow faster than China'  
Apple cuts Tim Cook's pay as iPhone sales fall first time  
Govt clears 26% stake sale in BEML  
NRIs can deposit old banknotes till June 30  
Sensex ends 119 down after hitting 27k, IT stocks melt  
Reserve Bank unlikely to cut key rate in February: Report  
Gold maintains uptrend, hits 1-month high  
 
Azharuddin's nomination for HCA president's post was rejected. Do you agree to this?
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