Business Highlights: Sensex, Nifty Hit All-Time Highs

New Delhi, Dec 14 (PTI) Following are the top business stories at 2120 hours:


DEL43 BIZ-LD STOCKS

Sensex, Nifty rally over 1 pc to hit lifetime highs as US Fed ignites rate cut hopes

Mumbai: Benchmark equity indices Sensex and Nifty rallied over 1 per cent to hit all-time highs on Thursday, propelled by intense buying in IT, tech and realty stocks after the US Federal Reserve kept its key interest rate unchanged and signalled rate cuts next year.



DEL25 BIZ-WPI-LD INFLATION

WPI inflation spikes to 8-month high of 0.26 pc in Nov on costlier veggies, onion

New Delhi: Wholesale price-based inflation rose to an eight-month high of 0.26 per cent in November, driven by a sharp jump in food prices, especially onion and vegetables.


DEL82 BIZ-LD RUPEE

Rupee recovers 10 paise against US dollar as rate hike fear eases

Mumbai: The rupee recovered from all-time lows to close at 83.30 against the US dollar on Thursday, gaining 10 paise as the greenback weakened in the overseas markets following signals that rate hikes by the US Federal Reserve were over.



DEL70 BIZ-TAX-COLLECTION

Net direct tax collection at Rs 10.64 lakh cr in Apr-Nov; 58.34 pc of BE

New Delhi: Net direct tax collection in the eight months of the current fiscal touched 58.34 per cent of Budget Estimates (BE) at Rs 10.64 lakh crore.


DEL58 BIZ-BSE-LD MCAP

Mkt capitalisation of BSE-listed firms jumps to record high of Rs 355 lakh cr; investors richer by Rs 3.83 lakh cr
New Delhi: The market capitalisation of BSE-listed companies surged to an all-time high of Rs 355 lakh crore on Thursday, with investors becoming richer by Rs 3.83 lakh crore as the benchmark Sensex hit its all-time high level driven by a rally in global equities.



DEL61 BIZ-MARUTI 800

Forty years on, memories of M800 linger as the car that altered personal mobility in India

New Delhi: At the brand centre of Maruti Suzuki India's headquarters in South Delhi, among the many modern vehicles on display a tiny 40-year-old white car occupies a prominent space.


DEL44 BIZ-GOLD-PRICE

Gold jumps Rs 1,130; silver rallies Rs 2,350

New Delhi: Gold price jumped Rs 1,130 to Rs 62,950 per 10 grams in the national capital on Thursday amid strong trends in the global markets, according to HDFC Securities.