Business

BSE benchmark Sensex recovered over 155 points and the NSE Nifty topped the 8,700-level on Monday

The benchmark Sensex rebounded almost 104 points ON Thursday after investors lapped up select blue-chips, tracking a firm trend in rest of Asia.

The Sensex surged by over 159 points on Tuesday as interest-sensitive stocks took the centre-stage ahead of RBI's announcement of its policy decision later in the day amid firm Asian cues.

Union Finance Minister Arun Jaitley on Saturday said that Rs 65,250 crore undeclared income and asset was declared under the Income Declaration Scheme (IDS) on blackmoney.

The BSE benchmark Sensex rebounded over 44 points in early trade on Wednesday on fresh buying by investors in select blue-chips amid a firm trend in Asian markets ahead of policy announcement by the Bank of Japan and US Federal Reserve.

Ambani also announced a 'free welcome offer' for Jio customers from September 5 till December 31. R Jio will offer users data services free for four months, after which it will offer 10 tariff plans starting at Rs 19 a day for occasional users, Rs 149 a m...

In worldwide trade, US dollar traded marginally weak against its major trading partners ahead of much-awaited official US jobs data.

Indian economy grew at the slowest pace in last six quarters at 7.1 per cent in the April-June period of current fiscal mainly on subdued performance of mining, construction and farm sectors.

Forex dealers said weakness in the dollar against other currencies overseas supported the rupee.

Forex dealers said dollars weakness against other currencies also supported the rupee.

Consumer Price Index based retail inflation rose by 5.77 per cent in June, the fastest pace in 22 months and it is expected that the implementation of the new Goods and Services Tax (GST) may push it up further.

USIBC believes that the GST is a game-changer that will boost economic growth by streamlining domestic supply chains and removing the compliance burden of contradictory state tax regimes, the council said.

"Companies are quite upbeat about the revenues and prospects, notwithstanding headwinds in different places for different reasons.

The rupee had ended marginally higher by 3 paise at 67.17 in Thursday's trade on mild dollar selling by banks and exporters.

In the market parlance, this practice is called 'front running' and is against the market regulations.

The Ministry of Statistics and Programme Implementation collects data from selected towns and villages to calculate CPI-based retail inflation.