Tuesday May 22, 2018
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Sensex surges 127 points in early trade

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Mumbai, A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), on Wednesday was trading at 127.06 points or 0.45 percent up during the morning session.

picture from- www.stockwatch.in
picture from- www.stockwatch.in

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading at 36.20 points or 0.43 percent up at 8,490.30 points.

The Sensex of the S&P Bombay Stock Exchange (BSE), which opened at 28,022.14 points, was trading at 28,059.96 points (at 9.26 a.m.) in the early session, up 127.06 points or 0.45 percent from the previous day’s close at 27,932.90 points.

The Sensex has touched a high of 28,071.90 points and a low of 27,986.48 points in the trade so far.

(IANS)

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Indices of Indian Equity Makes Trade go Higher

Key Indian Equity indices makes trade higher.

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Stock Market Building of India.
Stock Market Building.

Key Indian equity indices — after opening on a flat-to-positive note — traded higher during Tuesday’s morning session with healthy buying in metals, consumer durables and banking stocks.

Around 10.20 a.m., the wider Nifty50 of the National Stock Exchange traded higher by 19.40 points or 0.18 per cent at 10,547.75 points.

The barometer 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 34,381.80 points, traded at 34,378.39 points — up 72.96 points or 0.21 per cent from its previous session’s close.

The Sensex has so far touched a high of 34,402.90 points and a low of 34,284.67 points during the intra-day trade.

The BSE market breadth was bullish with 1,367 advances and 694 declines.

Also Read: Tech Analysis: As More Indians Go Digital, Transparency in App’s Ecosystem A Must

On Monday, healthy macro-economic data, along with expectations of robust quarterly corporate earnings, led the equity indices to close on a higher note for the eighth consecutive session.

The Nifty50 was up 47.75 points or 0.46 per cent to close at 10,528.35 points, while the Sensex closed at 34,305.43 points — up 112.78 points or 0.33 per cent.  IANS

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Swiggy to use digital payments for delivery fleet

Founded in 2014, Swiggy aims to "change the way India eats" and is currently operational in cities like New Delhi, Gurugram, Mumbai, Pune, Kolkata, Bengaluru, Hyderabad and Chennai among a few others

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Another step towards digitizing India
Encouraging Digital Transactions by exempting service tax on Cards (Wikimedia commons)
  • Swiggy is an online food ordering platform
  • It will now allow digital payments for delivery feet
  • this method will prevent any leakage in cash payment process

Online food ordering and delivery platform Swiggy on Monday said it would use privately-run ICICI Bank to allow its delivery fleet to make digital payments.

“Through the use of Unified Payment Interface (UPI)-based solution for instant fund transfers and automated cash deposit machines at ICICI Bank branches and ATMs across the country, the delivery fleet will have a hassle-free way of transferring funds,” the company said in a statement. Swiggy operates with a fleet of over 20,000 delivery persons delivering food from over 25,000 restaurants across 12 cities.