- Andhra Pradesh: South Central Railway to start Tirupati-Karimnagar weekly superfast express train from May 22, say officials
- Assam: One person killed and 2 injured in a collision between two ferries in Brahmaputra river in Majuli today, say police
- Bihar: Met dept predicts clear sky in many parts of the state including Patna in the next 12 hours; maximum temperature 36C
- Chennai: Businessman found dead in his house in Chitlapakkam area in Chennai today, police suspect murder
- Delhi: Met dept predicts clear sky in Delhi in the next 12 hours; maximum temperature to be around 43C
- Gujarat: Ahmedabad police files chargesheet against 24 accused in the Sabarmati jail tunnel case today
- Haryana: Motorcycle rider dies after being hit by a speeding truck near Dhana village in Jhajjar today, say police
- Himachal Pradesh: State government to soon set up more mini hydro power projects in Spiti valley, says chief minister Virbhadra Singh
- Jammu and Kashmir: Victims of May 1 earthquake in Doda and Kishtwar allege that the govt is discriminating in disbursing relief to them
- Karnataka: BMTC to ply special buses to and from Chinnaswamy stadium in Bangalore from 6.30pm-12.30am in view of IPL match today
- Kerala: Filmmaker Gopalakrishnan to inaugurate week-long 13th FILCA International Film Festival in Thiruvananthapuram May 24
- Kolkata: A Kolkata court sends Saradha Group promoter Sudipta Sen and one of his aides to judicial custody till May 31
- Madhya Pradesh: Met department predicts partly cloudy sky over Bhopal during next 12 hours, maximum temperature to be around 44C
- Maharashtra: Mumbai police raid a hotel in Mumbai, seize laptop, mobile phone and iPad in connection with IPL spot-fixing scandal
- Mumbai: Mumbai police raid a hotel in Mumbai, seize laptop, mobile phone and iPad in connection with IPL spot-fixing scandal
- Northeast: Two Assam truck drivers thrashed by Naga militants near Dimapur in Nagaland over unknown reason, say police
- Odisha: Road traffic hit in Sambalpur as local lawyers block national highway 55 demanding a high court bench in the region
- Punjab: 30-year-old man found dead under mysterious circumstances in his home in Hallomajra in Chandigarh today, police said
- Rajasthan: Electricity consumers in 100 colonies of Jaipur to get bills for month of April in June due to technical reasons
- Tamil Nadu: Three persons die as their vehicle overturns in Thottapalayam area in Mettupalayam today, say police
- UP East: Man dies after allegedly injected with acid and kerosene during questioning in Avagarh police station in Etah dist
- UP West: Man dies after allegedly injected with acid and kerosene during questioning in Avagarh police station in Etah dist
- West Bengal: A Kolkata court sends Saradha Group promoter Sudipta Sen and one of his aides to judicial custody till May 31
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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. © 2013 IANS India Private Limited. All Rights Reserved. For news, views and gossips, follow @IANSLIVE at Twitter. Find us on Facebook too! Update: 31-January-2013 Comments: [0] Add your comment |
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