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: Chief electoral officer asked voters to SMS complaints about distribution of money, liquor or gifts on 8790499899
  • Assam: Kamrup district administration declares holiday in schools April 25-26 in view of prevailing hot weather condition
  • Bihar: Eight polling staff killed when Maoists detonated landmine when they were on their way back in Shikaripara in Dumka
  • Chennai: Tamil Nadu voters seal fate of 845 candidates, 73 pc voter turn out reported in single phase LS polls in the state
  • Delhi: Principal secy of power Arun Goyal Thursday visited Bawana power plant to review its preparedness for summer season
  • Gujarat: Gujarat reels under heat wave; maximum temperature recorded Thursday in Vadodara 42C, Bhuj 41.2C, Ahmedabad 40.5C
  • Haryana: State minister Satpal Sangwan visited Keroak Grain Market in Kaithal to review arrangements made for wheat procurement
  • Himachal Pradesh: HP Public Service Commission postpones HPAS preliminary exams in view of Lok Sabha polls from May 11 to June 15
  • Jammu and Kashmir: A polling official killed and five others injured in an attack by guerrillas Thursday in Shopian district, police said
  • Karnataka: BMTC hikes bus fares by 15 percent from today on all its routes across Bangalore, say officials
  • Kerala: SC Thursday entrusted administration of Padmanabhaswamy temple to 5-member committee; decision evokes mixed response
  • Kolkata: Over 82 pc voter turnout reported in Bengal in second phase of LS polls in the state, polling mostly peaceful
  • Madhya Pradesh: Sixty four percent voting recorded in MP and 66 percent in Chhattisgarh in Lok Sabha polls Thursday, say officials
  • Maharashtra: Average 57 pc polling recorded in the Lok Sabha polls held in 19 constituencies in the state Thursday
  • Mumbai: Average 57 pc polling recorded in the Lok Sabha polls held in 19 constituencies in the state Thursday
  • Northeast: Nagaland police arrested two people in Dimapur past evening, recovered a car stolen from Assam
  • Odisha: Eight persons injured in a clash between two families over old rivalry at Jemadei village near Khurda Thursday; 4 held
  • Punjab: Ex-law minister Ashwani Kumar included in campaign committee of Punjab Pradesh Congress for ongoing Lok Sabha polls
  • Rajasthan: Nearly 60 pc polling reported in second and final phase of polling in five Lok Sabha constituencies in Rajasthan
  • Tamil Nadu: Tamil Nadu voters seal fate of 845 candidates, 73 pc voter turn out reported in single phase LS polls in the state
  • UP East: SP accuses EC of ignoring breach of poll codes by BJP, seeks cancellation of nomination of Narendra Modi from Varanasi
  • UP West: SP accuses EC of ignoring breach of poll codes by BJP, seeks cancellation of nomination of Narendra Modi from Varanasi
  • West Bengal: Over 82 pc voter turnout reported in Bengal in second phase of LS polls in the state, polling mostly peaceful
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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