Sensex, Nifty snap 2-day gain; banks, infra stocks outperform March was strong for auto sales. Commercial vehicle companies like Ashok Leyland and Eicher Motors saw growth of 31 percent and 50 percent, respectively. Maruti registered 15.9 percent growth and Mahindra & Mahindra has 17 percent growth. For more details please visit www.capitalheight.com or please call our 24/7 Customer Care Support us at +91 9993066624, 0731-6615050.
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The Sensex fell 72.22 points to 25269.64 and the Nifty declined 25.35 points to 7713.05. About 1709 shares have advanced, 825 shares declined, and 103 shares are unchanged. Coal India said its production in FY16 increased by 8.6 percent to 536.5 million tonnes and offtake jumped 8.8 percent to 532.32 million tonne compared to previous year.
Interest rate on small savings schemes, including PPF, Kisan Vikas Patra (KVP) and senior citizen deposits, will be cut by up to 1.3 percent from Friday as the government moves towards quarterly alignment of rates with the market. Interest rate on Public Provident Fund (PPF) scheme will be 8.1 percent for the period April 1 to June 30, down from 8.7 percent.
On KVP, it will be reduced to 7.8 percent from 8.7 percent while senior citizen savings scheme of five years would earn 8.6 percent interest compared to 9.3 percent. Girl-child saving scheme, Sukanya Samriddhi Account will see interest rate of 8.6 percent as against 9.2 percent, according to a Finance Ministry order.
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The Sensex fell 72.22 points to 25269.64 and the Nifty declined 25.35 points to 7713.05. About 1709 shares have advanced, 825 shares declined, and 103 shares are unchanged. Coal India said its production in FY16 increased by 8.6 percent to 536.5 million tonnes and offtake jumped 8.8 percent to 532.32 million tonne compared to previous year.
Interest rate on small savings schemes, including PPF, Kisan Vikas Patra (KVP) and senior citizen deposits, will be cut by up to 1.3 percent from Friday as the government moves towards quarterly alignment of rates with the market. Interest rate on Public Provident Fund (PPF) scheme will be 8.1 percent for the period April 1 to June 30, down from 8.7 percent.
On KVP, it will be reduced to 7.8 percent from 8.7 percent while senior citizen savings scheme of five years would earn 8.6 percent interest compared to 9.3 percent. Girl-child saving scheme, Sukanya Samriddhi Account will see interest rate of 8.6 percent as against 9.2 percent, according to a Finance Ministry order.
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The market has started off April series and financial year 2016-17 on a negative note, tracking weak Asian cues. The Sensex fell 79.75 points to 25262.11 and the Nifty declined 30.05 points to 7708.35 on profit booking.
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