I am for united Andhra, Golden Telangana: Jaganmohan

New Delhi, Dec 15: There was high drama in parliament on Tuesday after Congress MP Y S Jaganmohan Reddy made common cause with his bitter rivals, the Telugu Desam Party (TDP), to press for a united Andhra Pradesh, even as he said he stood for a “Golden Telangana” without specifying what he meant by this.

The division in the Congress ranks was more than evident as party MPs clashed in the Lok Sabha over the Telangana issue, forcing the adjournment of the house for 10 minutes. Telangana figured in the Rajya Sabha too, with the Bharatiya Janata Party (BJP) accusing the government of “playing with the sensitivities of people” on the issue and reiterating its demand for a roadmap on the creation of the separate state.

Sensex 220 points down; banking, auto stocks lose

Mumbai, Dec 15: A benchmark index of the Indian equities markets Tuesday shut shop near its intra-day low, ending 220 points lower than Monday’s close, mirroring the negative sentiments at other Asian markets. Banking, auto and energy stocks lost the most.

The sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,150.59 points, ended at 16,877.16 points, down 220.39 points or 1.29 per cent from its previous close at 17,097.55 points. It had risen more than 102 points during early trade.

At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty ended at 5,033.05 points, against the previous close at 5,105.7 points, a loss of 1.42 per cent or 72.65 points. Broader market indices also came under selling pressure, with the BSE midcap index down 1.56 per cent and the BSE small cap index ruling a 1.42 percent lower.

Rupee up 12 paise at 46.60 a dollar in early trade

MUMBAI: The rupee today appreciated by 12 paise to 46.60 against the US currency in early trade, after remaining weak for two days, as the dollar weakened against other major currencies.

At the Interbank Foreign Exchange (Forex) market, the Indian rupee strengthened by 12 paise to 46.60 a dollar. The rupee had ended 19 paise lower at 46.72/73 in yesterday's trading.

Forex dealers said dollar's losses against other major units and dollar selling by exporters, mainly supported the rupee's sentiment.

The American currency remained this morning as markets awaited signals from the US Federal Reserve after its two-day policy meeting, they added.

Meanwhile, the Bombay Stock Exchange index Sensex had ended 21.48 points lower at 17,097.55 yesterday

Sensex up 103 points in early trade

MUMBAI: The Bombay Stock Exchange benchmark Sensex today gained about 103 points in early trade on heavy foreign capital inflows as rise in advance tax collection indicated better earnings for the December quarter.

The 30-share index Sensex rose by 102.92 points, or 0.61%, to 17,200.47 points with stocks of metals, realty and auto sectors leading the recovery. The BSE barometer had ended 21.48 points down in the previous trading session.

The wide-based National Stock Exchange index Nifty moved up by 22.70 points, or 0.44%, to 5,128.40 points.

Brokers said trading sentiments turned better after advance tax paid by companies suggested stronger earnings for the December quarter.

Stocks of the country's most-valued firm Reliance Industries traded 0.50% higher at Rs 1,071.70 on pick up in buying activity by funds.

Other gainers were Sterlite Industries up 0.97% to Rs 845.35, Tata Steel by 1.64% to Rs 553.60, Hindalco by 1.57% to Rs 142.30, Tata Motors by 0.43% to Rs 713.50 and DLF Ltd by 0.82% to Rs 385.80.

TOI