Headline
  • Andhra Pradesh: Telangana TDP leader Dayakar Rao said extension in deadline to debate Telangana bill in assembly will be unacceptable
  • Assam: Union minister Oscar Fernandes arrives in Guwahati to attend the closing ceremony of 74th Indian Road Congress
  • Bihar: Maoists blast a panchayat building at Pio village in Giridih district in Jharkhand; no casualties, say police today
  • Chennai: CM urges PM to ensure release of 25 fishermen taken into custody by Lankan Navy to facilitate fishermen-level talks
  • Delhi: CM Arvind Kejriwal was hospitalised Wednesday morning due to severe lung congestion, an AAP party member said
  • Gujarat: Two persons killed as miscreants fired at a petrol pump office Tuesday night Botad in Bhavnagar, probe on
  • Haryana: Four persons killed, 13 hurt when maxi cab collided with truck near Dhani Toda village on Bhiwani-Loharu road Tuesday
  • Himachal Pradesh: CM directs officials to stop felling of trees for widening of road from Dharamsala to Bagli, say officials
  • Jammu and Kashmir: Srinagar-Jammu national highway closed for all sorts of vehicular traffic today following heavy snowfall
  • Karnataka: First joint session of state legislature in the new year begins at vidhana soudha in central Bangalore
  • Kerala: CM Tuesday demanded apology from AAP leader Kumar Vishwas for his alleged derogatory remarks against nurses from state
  • Kolkata: Govt will set up a puppet museum at Kankurgachi in Kolkata to preserve art of puppetry, announces minister Upen Biswas
  • Madhya Pradesh: A Sagar district court awards 3-years of jail to a head constable for taking bribe from an accused
  • Maharashtra: State Secondary and Higher Secondary School Principals Federation to protest in Pune Jan 27 for their pending demands
  • Mumbai: BJP leader Vinod Tawde demands principal secretary to probe the Jan 18 Malabar Hills stampede, which left 18 dead
  • Northeast: Agartala Municipal Council, oldest municipal body of northeast, Tuesday upgraded as a corporation
  • Odisha: Berhampur police Tuesday arrested 7 members of a gang involved in burglary cases on national highway in Ganjam dist
  • Punjab: AICC expands Punjab poll panel adding five new members, including former law minister Ashwani Kumar
  • Rajasthan: Jaipur administration extends holiday in schools till Class 5 to January 25 due to extreme cold condition
  • Tamil Nadu: CM urges PM to ensure release of 25 fishermen taken into custody by Lankan Navy to facilitate fishermen-level talks
  • UP East: Uttarakhand assembly Tuesday passed a new Lokayukta Bill modelled on Lokpal of the Centre
  • UP West: Uttarakhand assembly Tuesday passed a new Lokayukta Bill modelled on Lokpal of the Centre
  • West Bengal: Govt will set up a puppet museum at Kankurgachi in Kolkata to preserve art of puppetry, announces minister Upen Biswas
  • Andhra Pradesh: Police in Hyderabad book a case against filmmaker Ram Gopal Verma for making objectionable remarks against Lord Ganesh
  • Assam: Met department predicts cloudy sky over Guwahati during the next 12-hours; maximum temperature to hover around 32C
  • Bihar: Two senior BJP leaders question projection of ex-dy CM Sushil Kumar Modi as face of party in Bihar assembly polls 2015
  • Chennai: Rameswaram fishermen, who were on indefinite strike seeking end to attacks by Lankan Navy, to call off strike Monday
  • Delhi: Spell of rain today cooled Delhi and adjoining areas in Haryana and UP; met office forecasts more rainfall during day
  • Gujarat: Special daily flights will be operated from September 9 for Haj Yatra from Ahmedabad airport, say officials
  • Haryana: Spell of rain today cooled Delhi and adjoining areas in Haryana and UP; met office forecasts more rainfall during day
  • Himachal Pradesh: No arrest made in ragging to suicide case in Hamirpur college as police locating mobile call details
  • Jammu and Kashmir: Security tightened across Jammu ahead of two-day visit of President Pranab Mukherjee from September 1
  • Karnataka: BBMP to undertake a drive to clear encroachments on footpaths in Kempegowda area in Bangalore September 1-2
  • Kerala: BJP president Amit Shah to address party leaders and grass root-level functionaries in Thiruvananthapuram tomorrow
  • Kolkata: A cyber police station will become operational under the Howrah Police commissionerate from tomorrow
  • Madhya Pradesh: No shortage of power in Madhya Pradesh, says chief minister Shivraj Singh Chouhan
  • Maharashtra: Eight fishermen were rescued safely from a boat which capsized in Nilwande sea coast near Ratnagiri
  • Mumbai: Ex-IAS officer Uttam Khobragade to join RPI on Tuesday in presence of Ramdas Athawale
  • Northeast: Two killed in a police firing in Manipur during protest against imposition of prohibitory order in Ukhrul, say police
  • Odisha: Odisha govt has directed its administrative dept not to hire or re-employ any retired public servant beyond 65 years
  • Punjab: Police today arrested a man who had killed his elder brother at Fatehgarh Churian town in Batala August 24
  • Rajasthan: Army recruitment exam scheduled to be held in Bikaner today has been canceled after paper leak; 9 people arrested
  • Tamil Nadu: Rameswaram fishermen, who were on indefinite strike seeking end to attacks by Lankan Navy, to call off strike Monday
  • UP East: Uttar Pradesh government today announced exemption of entertainment tax on Priyanka Chopra starrer biopic Mary Kom
  • UP West: Uttar Pradesh government today announced exemption of entertainment tax on Priyanka Chopra starrer biopic Mary Kom
  • West Bengal: A cyber police station will become operational under the Howrah Police commissionerate from tomorrow
Sensex trades flat as metal, oil and gas stocks plummet
Sensex trades flat as metal, oil and gas stocks plummet

IANS

Mumbai, Jan 31: A benchmark index for Indian equities markets was trading flat in the afternoon trade Thursday, even as several banks announced cuts in their lending rates.

Several banks, including the State Bank of India (SBI), cut the rates following the Reserve Bank of India's (RBI) decision to lower key lending rates in its third quarterly review of monetary policy.

There was heavy buying in the interest rate sensitive consumer durables and banking stocks.

However, metal, oil and gas and information technology (IT) stocks came under selling pressure.

The 30-scrip Sensex, which opened at 19,987.28 points, was ruling at 19,973.22 points, down 31.78 points or 0.16 percent around 12.30 p.m. from its previous close at 20,005.00 points.

The RBI Tuesday cut the short-term lending rate to 7.75 percent after a gap of nine months, and reduced the Cash Reserve Ratio (CRR) to 4 percent - which it hopes will translate into lowering of home, auto and corporate loans cost and improve liquidity in the system.

The Sensex touched an intra-day high of 20,008.83 points and a low of 19,9938.94 points. The midcap index was up 21.18 points, while the smallcap index was marginally higher by 2.79 points.

The wider 50-scrip S&P CNX Nifty of the National Stock Exchange (NSE) was trading marginally higher by 1.15 points or 0.02 percent at 6,056.90 points.

Major indices were up. The bank index was up 79.77 points followed by the public sector undertakings (PSU) index, which was up 68.45 points. The consumer durables index was up 32.36 points.

However, the metal index was down 32.18 points. And so was the oil and gas index, which was down 28.97 points. The IT index was lower by 12.81 points.

Among other Asian markets, Japan's Nikkei was up 0.22 percent, while Hong Kong's Hang Seng was lower by 0.38 percent. China's Shanghai Composite Index was trading up by 0.15 percent.

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Update: 31-January-2013

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