Nifty, Sensex end with gains; HUL top loser

New Delhi: The market on Thursday ended with gains as the Sensex surged 193.20 points or 0.7 percent at 25790.22, and the Nifty ended up 51.55 points or 0.7 percent at 7900.40.

ICICI Bank, Dr Reddy’s Labs, Asian Paints, SBI and TCS were gainers while Axis Bank, HUL and Maruti were losers in the Sensex.

Public sector Indian Bank has reduced the interest rates on home and vehicle loans by up to 0.20 percent with immediate effect. As per the revised rate of interest, home loans for up to Rs. 75 lakh, the interest rates has been revised from 9.65 percent to 9.55 percent while for loans above Rs. 75 lakh it has been reduced to 9.75 percent from 9.90 percent.

A day after the Supreme Court declined Trai’s regulation to compensate consumers for call drops, Bharti Airtel announced to voluntary implement a more stringent benchmark of 1.5 percent for call drops.

The country’s top operator will contribute towards rural education Rs. 1 lakh for every 0.01 percent increase in call drop rate beyond 1.5 percent every month in each circle of operation, subject to a maximum of Rs. 100 crore per annum.

Airtel said it will implement 25 percent more stringent mobile call drop benchmark of 1.5 percent versus two percent prescribed by the regulator Trai. (ANI)