Business

Brokers said fresh buying by participants largely in line with a mixed trend on the other Asian boures and overnight gains in the US stocks, influenced the trading sentiment.

This aggressive tactic for dealing with bad debt marks a major departure from the traditional laid-back approach of Indian state lenders.

Oil companies also cut price of LPG that consumers have to buy beyond their quota of nine subsidised cylinders in a year, by Rs 45 per bottle.

Jet Airways, on Thursday, offered to sell nearly 43 lakh shares via Offer-for-sale (OFS) mechanism.

A weak rupee will make imports costlier, including oil and other commodities, that will have a cascading effect on inflation.

These guidelines will become effective from July 1 and therefore, the first set of disclosures should be made by banks as on September 30, 2013.

The prime minister said revival in savings and investments would help accelerate economic growth in the coming years.

Experts believe that the growth in the Indian market has significantly helped in promoting entrepreneurial ventures.

The realty sector index suffered the most by losing 5.95 per cent to 1,784.56 followed by capital goods by 5.19 per cent to 9,436.96.

Investors have been dumping gold, which is down 20 per cent so far this year, as stocks and the dollar continue to outperform.

The debt-ridden carrier is seeking Boeing's help in talks with potential buyers.

Forex dealers said dollar strengthening against other currencies in the global market also put pressure on the rupee.

The 30-share barometer gained 66.27 points, or 0.33 per cent, to 19,757.94, with IT, PSUs, healthcare and oil and gas sector stocks leading the recovery.

The increase has been even higher at 70 per cent in Thane and 74 per cent in Navi Mumbai.

This would also help SBI in channelizing business for its upcoming representative office in Seoul

US gold for June delivery was at $1,475.00 an ounce, up $10.80.