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: Transport officials in Telangana continued for 2nd day today checking of school buses in the wake of July 25 accident
  • Assam: At least 252 lives claimed by Japanese Encephalitis, Acute Encephalitis Syndrome in Assam this year, say officials
  • Bihar: There is a partial drought-like situation in Bihar due to shortage of rainfall by 20 per cent as of now, say officials
  • Chennai: CM requested Centre to enhance Haj quota for TN this year as state received huge number of applications from pilgrims
  • Delhi: Construction work of Delhi-Jaipur highway will be completed by June next year, says Union minister Nitin Gadkari
  • Gujarat: Three members of a family killed, 1 rescued after a house collapsed in Kachhia Pole in Vadodara following heavy rain
  • Haryana: Delhi HC extends interim bail till Aug 1 of OP Chautala, Ajay Chautala, in connection with JBT scam
  • Himachal Pradesh: 600 retired employees of YSP Univ of Horticulture and Forestry in Nauni rue over delay payment of pension for June
  • Jammu and Kashmir: Pak troops resorted to unprovoked firing at Indian positions in Pallanwalla area on LoC in Jammu dist late last night
  • Karnataka: Vehicular traffic to be diverted from today till further notice on Rajkumar Road in Bangalore for drainage repair work
  • Kerala: Safe Kerala project raids for eliminating social ills spreading contagious diseases to be intensified, say officials
  • Kolkata: Govt urges Centre to launch a mass vaccination programme for Japanese Encephalitis in Cooch Behar dist, say officials
  • Madhya Pradesh: Winter session of Chhattisgarh state assembly will be held in November, speaker Gaurishankar Agrawal said
  • Maharashtra: Shiv Sena stir at Maharashtra Sadan, Delhi justified; resident commissioner B Mallick is culprit, says PWD minister
  • Mumbai: Shiv Sena stir at Maharashtra Sadan, Delhi justified; resident commissioner B Mallick is culprit, says PWD minister
  • Northeast: Three people killed and 2 injured when lightning struck them in Kanchanpur area in Tripura Friday, police said
  • Odisha: A bear and its two cubs Friday mauled a man at Dhanei Berhampur village in Ganjam district, police said today
  • Punjab: State government extends the last date for filing of returns for traders from July 31 to August 20
  • Rajasthan: Three labourers were killed after inhaling poisonous gas in a water tank in Jhunjhunu Friday, police said today
  • Tamil Nadu: CM requested Centre to enhance Haj quota for TN this year as state received huge number of applications from pilgrims
  • UP East: Curfew imposed in Saharanpur city after violence erupted and several vehicles damaged during clash between two groups
  • UP West: Curfew imposed in Saharanpur city after violence erupted and several vehicles damaged during clash between two groups
  • West Bengal: Govt urges Centre to launch a mass vaccination programme for Japanese Encephalitis in Cooch Behar dist, say officials
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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