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St closes firm as Fed hints at a rate cut

DNMUM439144 | 7/12/2019 | Author : DNA Money Correspondent | WC :128

market diary

Mumbai: The domestic equity market on Thursday stalled the selling spree at the Dalal Street as possibility of interest rate cuts by the US Federal Reserve lifted global markets sentiments.
On Thursday, key benchmark indices both ended in green after the market been largely volatile since last week. S&P BSE Sensex opened at 38,751.62 and touched an intraday high of 38,892.50 before closing at 38,823.11, 266.07 points or 0.69% higher than its previous close. NSE Nifty 50 ended 84 points or 0.73% higher at 11,582.90, after rising about 100 points intraday.
S&P BSE Midcap and Smallcap gained less, 0.56% and 0.41% respectively, thereby underperforming Sensex.
Of the 30-stock Sensex, 23 stocks reported gains, while seven stocks ende
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ZEE5 ties up with Optimove
DNMUM439725 | 7/23/2019 12:00:00 AM | Author : DNA Money Correspondent | WC :477

ZEE5, the fastest growing over-the-top (OTT) platform in the country, has entered into a strategic tie-up with Israel-based Optimove to bolster the performance of the platform based on a suite of services backed by insight, engagement and optimisatio
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FPI sell-off continues, Street down 3.75% since Budget
DNMUM439726 | 7/23/2019 12:00:00 AM | Author : Soumonty Kanungo | WC :526

Extending losses for the third session in a row, the domestic equity market witnessed heavy selling on Monday, on account of outflows by foreign portfolio investors (FPI) and weak start to June quarter earnings.The key benchmark indices were dragg

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Local airlines tank up on planes, shoot fares down
DNMUM439727 | 7/23/2019 12:00:00 AM | Author : DNA Money Correspondent | WC :469

Mumbai: The competition to increase capacity among Indian carriers may end up hurting the already bleeding aviation sector, but it is helping fliers with cheaper fares.
Also, the ongoing lean season is expected to make things more difficult for
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Dabur lines up aggressive ad push for its power brands
DNMUM439728 | 7/23/2019 12:00:00 AM | Author : Ashish K Tiwari | WC :398

Dabur, one of India’s leading ayurvedic and natural health care companies, is working on an aggressive push for its power brands like Amla, Vatika, Red, Hajmola, Real, etc. The homegrown fast-moving consumer goods (FMCG) company will use a combina

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