Business

11

Sep

By The Press Editor

Business

Vodafone Idea share price rises even as Sensex, Nifty fall nearly 1% today as crude oil surges, here’s why

Shares of debt-ridden telecom operator Vodafone Idea were in action on Friday even as benchmark indices Sensex and Nifty tumbled in early trade on soaring crude oil prices amid escalating tensions in West Asia. Weak trends in global markets and foreign fund outflows also dented investors' sentiment. While the 30-share BSE Sensex fell 628.24 points to 74,257.69 in early trade, the 50-share NSE Nifty dropped 221.20 points to 23,255.10. Amid this, the stock of Idea opened in the green at Rs 15.10, representing a gain of Rs 0.14 or 0.93 per cent from the previous close of Rs 14.96 on…

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11

Sep

By The Press Editor

Business

11 September, 2026 Stock Market Updates: Sensex slumps 593 points, Nifty below 23,300 amid weak global cues

India's equity benchmark indices, the Sensex and Nifty, opened in the red amid weak global cues, as US markets extended their decline for a fourth session. While the 30-share BSE Sensex dropped 593.43 points or 0.79 per cent to start the session at 74,309.16, the Nifty opened with a fall of 207.50 points to 23,270.30. In the last trading session, the Sensex closed at 74,902.59 and the Nifty 50 at 23,477.80. Similarly, the broader indices traded in the red in the early trading session. While the BSE Midcap Select Index was down by 131.91 points, the BSE Smallcap Select Index…

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11

Sep

By The Press Editor

Business

Why bank unions call for strike today, what are their demands, will banks be closed | All FAQs answered

New Delhi: The United Forum of Bank Unions (UFBU), that claims to represent more than 90 per cent of the banking workforce, announced a series of strikes over unresolved issues related to the five-day banking week and the government's revised Performance Linked Incentive (PLI) scheme. First the UFBU called for a one-day strike on September 11, then by a three-day strike from September 28 to 30. Why did bank unions call for strike? The UFBU said if the demands are not addressed, the unions have announced an indefinite strike from October 26, 2026. Notably, the forum comprises seven banking unions…

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10

Sep

By The Press Editor

Business

Jewellery stock to be in focus as company clears debt to one more bank, eyes complete debt-free status

Shares of Delhi-based jewellery company PC Jeweller will be on investors' radar as the company has informed exchanges that it has fully cleared and repaid its outstanding debt to one more bank. With this, the firm has settled all liabilities across 11 out of 14 consortium banks, executing each repayment ahead of its scheduled due dates. According to the company, it is eyeing complete debt-free status in September.  "The company has discharged more than 96 per cent of the outstanding debt of the remaining 3 banks as well. The company remains firmly on track to discharge the remaining less than…

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10

Sep

By The Press Editor

Business

Sensex shrugs weak global cues to end 138 points higher, Nifty settles at 23,477.80

Benchmark indices Sensex and Nifty ended the session in the green, shrugging off weak global cues and Brent crude hovering near USD 102 per barrel. The 30-share BSE Sensex gained 138.36 points or 0.19 per cent to settle at 74,902.59. During the day, the benchmark hit a high of 75,910.96 and a low of 74,598.47, gyrating 312.49 points. The 50-share NSE Nifty ended with a gain of 46.30 points or 0.20 per cent and closed the session at 23,477.80. However, the broader market ended the session mixed. While the BSE MidCap Select Index fell 64.66 points or 0.34 per cent,…

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10

Sep

By The Press Editor

Business

Bank unions to go on nationwide strike tomorrow, State Bank of India issues customer advisory, check details

The United Forum of Bank Unions (UFBU) has decided to go on a nationwide strike tomorrow, i.e. on September 11. The union has called for a strike over the delay in implementing five-day banking, differences over the performance-linked incentive scheme, and several pending demands, including pension-related issues. If they go ahead with the strike, banking services, especially in public sector banks, would be impacted for four days in many parts of the country. UFBU, an umbrella body of seven bank employees' and officers' unions, has also threatened a three-day subsequent nationwide strike beginning September 28, coinciding with the half-yearly closure.…

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10

Sep

By The Press Editor

Business

Sugar stock gains over 7% amid optimism over ethanol blending, rising crude oil prices

Shares of Davangere Sugar Company Limited are in action even as benchmark indices Sensex and Nifty traded flat amid escalation in tensions in the Middle East. The action comes amid optimism over ethanol blending and rising crude oil prices, which have stayed well above USD 100 per barrel. The shares of the FMCG sector company opened in the red to hit a fresh 52-week low of Rs 1.74. However, it regained and touched the intraday high of Rs 1.92, a gain of 7.86 per cent from the previous close of Rs 1.78 on the BSE. Last seen, the stock traded…

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10

Sep

By The Press Editor

Business

Hero Motors IPO to open for subscription on September 16, price band fixed at Rs 79-84: Details

Auto parts maker Hero Motors Limited is set to launch its initial public offering (IPO) and has set a price band of Rs 79-Rs 84 per share for its Rs 1,000 crore public issue. The IPO subscription window will open on September 16, 2026. The three-day subscription window will close on September 18, 2026. According to available information, the company's shares are expected to be listed on the stock exchanges on September 23. Rs 1,000 crore initial public offering Hero Motors' Rs 1,000 crore IPO includes a fresh issue of Rs 600 crore and an offer for sale (OFS) of…

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10

Sep

By The Press Editor

Business

10 September, 2026 Stock Market Updates: Sensex falls, Nifty gains 15 points amid weak global cues

Indian equity benchmark indices, the Sensex and Nifty, opened mixed on Thursday as global cues remained negative and Brent crude prices moved above USD 100 a barrel amid a widening war in the Middle East. While the 30-share BSE Sensex dropped 21.69 points or 0.03 per cent to start the session at 75,216.22, the Nifty opened with a gain of 15.10 points at 23,446.60. In the last trading session, the Sensex closed at 74,764.23 and the Nifty 50 at 23,431.50. Similarly, the broader indices traded mixed in the early trading session. While the BSE Midcap Select Index was down by…

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10

Sep

By The Press Editor

Business

FMCG stock rebounds to hit 5% upper circuit even as markets trade flat amid elevated crude oil prices

Shares of fast-moving consumer goods (FMCG) company Elitecon International Ltd are in focus during today's trading session as they hit the upper circuit, even as market benchmark indices Sensex and Nifty traded flat in early deals, as elevated crude oil prices above the USD 100-per-barrel mark, amid persistent geopolitical tensions, kept risk appetite subdued. The 30-share BSE Sensex was marginally up 38.07 points to 74,809.95 in early trade. The 50-share NSE Nifty advanced 9.85 points to 23,439.20. Amid the volatility, the stock opened down nearly 5 per cent to Rs 7.09, its new 52-week low. However, it rebounded and touched…

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