Equity benchmark indices continued their upward momentum on Friday but the gains in IT and realty sectors were capped by PSU banks. At the closing bell, the BSE SandP Sensex was up by 178 points or 0.5 per cent at 36,021 while the Nifty 50 edged higher by 56 points or 0.53 per cent at 10,607. Sectoral indices at the National Stock Exchange were mixed with Nifty IT and realty gaining by 1 per cent each but PSU bank down by 0.9 per cent. Among stocks, Eicher Motors was up by 4.18 per cent at Rs 19,121 per share while Hero MotoCorp accelerated by 2.6 per cent, Bajaj Auto by 1.9 per cent and Tata Motors by 1.8 per cent. Adani Ports closed 4.1 per cent higher at Rs 361 per share. Tata Consultancy Services gained by 1.7 per cent while Bharti Airtel and Bharti Infratel were up by 4 per cent and 1.8 per cent respectively. Reliance Industries edged higher by 1.53 per cent to Rs 1,785.50 per share after Intel Corp said it will invest Rs 1,894 crore in Jio Platforms in exchange for a 0.39 per cent stake, the latest big-ticket investment in its digital unit. But metal stocks fell with JSW Steel and Tata Steel down by 1.7 per cent each and Hindalco by 1 per cent. IndusInd Bank, HDFC Bank, Bajaj Finance and Bajaj Finserv too traded with a negative bias. Meanwhile, Asian shares rallied to a four-month high on robust US payrolls data and a brisk pickup in Chinese service sector activity. Shanghai Composite closed 2.01 per cent higher. Japan's Nikkei rose by 0.72 per cent while Hong Kong's Hang Seng was up by 0.99 per cent.
Instacart has raised another $100 million in funding. Business Insider reports that the $100 million will be added to the $225 million it raised in June. The company is valued at $13.8 billion. Instacart has been growing quickly during the coronavirus pandemic because more consumers opt for online grocery delivery. This new funding will allow the company to scale the business further.
Kroger is giving its employees access to an at-home COVID-19 testing kit. Employees will video chat with a medical professional while taking the test to ensure proper sample collection. Employees will then send the test sample to a lab via overnight shipping. They will receive results within 24 to 48 hours, according to Business Insider. Kroger is giving its employees access to the free at-home COVID-19 tests starting this week.
Financial planning isn't about making perfect decisions with your money. No one is perfect and mistakes are bound to happen. Business Insider spoke to financial experts and compiled a list of simple things people can do to protect their finances. Get control over preparedness and reaction. If it's hard to save, try setting up micro-goals to hold yourself accountable every day. Money management is an ongoing task, and people are better off striving for consistency than perfection.
By now, pretty much everyone should know that frequent handwashing is a good thing to do--especially in a pandemic. But that's not always possible, and sometimes stores have already been emptied of hand sanitizer. So, why not make your own? After all, you probably already know how to make your own banana bread and sourdough starter! According to Business Insider, the recipe for homemade sanitizer is simple, but the proportions have to be correct for it to work well.
John Hickenlooper on the Democratic nomination for US Senate in the June 30 primaries. Hickenlooper defeated Andrew Romanoff, the former speaker of the Colorado House. Hickenlooper defeated Andrew Romanoff, the former speaker of the Colorado House. He served two terms as the state's governor, first elected in 2010 and then re-elected in 2014. Business Insider reports that the former governor won a handily, 60% to 40%. Hickenlooper will now face vulnerable Republican Senator Cory Gardner.
Indian Envoy to UN Rajiv Kumar Chander in Geneva said that the country has been keeping a close watch on the recent developments in Hong Kong and and urged the global body to address related concerns..
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