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Wednesday, 5 November 2014

BSE Sensex, Nifty flat; Coal India, Sesa, Bharti laggards

The Sensex is off the day's high after scaling the 28,000 mark. The Nifty is below the 8,350 levels. The midcap index continues to outperform after hitting a fresh record high in early trade. The Sensex is up 37.26 points at 27897.64 and the Nifty up 10.05 points at 8334.20. About 1600 shares have advanced, 1281 shares declined, and 105 shares are unchanged.

Coal India, Sesa Sterlite, Bharti Airtel, Hindalco and Tata Power are laggards while Sun Pharma, Axis Bank, SBI, Dr Reddy's Labs and ICICI Bank are top gainers in the Sensex.

Committing to more reforms and eliminating corruption, Finance Minister Arun Jaitley today said steps taken by the new government were aimed at creating fair and transparent business environment and ending crony capitalism.

The government was also looking at areas like labour reforms, privatisation of some state-owned companies and improvement of land acquisition laws, the Minister said, while adding that the reforms can't be just "one sensational idea".

"You can damage the economy by one bad idea.
Retrospective taxation is one bad idea that damaged the economy," Jaitley said while speaking at the India Economic Summit here. More Information please visit this site

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