Equity indices spurt with rally in banking scrips, IndusInd up 12 pc
Video Credit: ANI - Duration: 01:13s - Published
Equity indices spurt with rally in banking scrips, IndusInd up 12 pc
Equity benchmark indices traded higher on the first day of September futures and options series with banking and financials contributing significantly to the gains.
The BSES and P Sensex closed 354 points or 0.9 per cent higher at 39,467 while the Nifty 50 gained by 96 points or 0.83 per cent at 11,655.
Except for Nifty auto, FMCG and metal, all sectoral indices at the National Stock Exchange were in the green with Nifty PSU bank gaining by 4.9 per cent, private bank by 4.5 per cent and financial service by 2.1 per cent.
The other major gainers were UPL, Sun Pharma, Adani Ports, Grasim and Bharti Infratel.However, JSW Steel, Hero MotoCorp, Tata Motors, HDFC Life, Infosys, Dr Reddy's and Hindustan Lever traded with a negative bias.
Meanwhile, Asian shares were mixed as investors pondered over the US Federal Reserve's new strategy to adopt an average inflation target and restore the United States to full employment in the fight to contain coronavirus pandemic.
Japanese shares dropped with the Nikkei down 1.41 per cent as Prime Minister Shinzo Abe resigned because of a chronic health condition, saying he will stay on until a new leader is appointed.But Hong Kong's Hang Seng rose by 0.56 per cent and South Korea's Kospi ticked up by 0.4 per cent.
Equity benchmark indices opened flat on Friday with Sensex up by 105 points and Nifty up by 23 points. At 10:05 am, the BSE S-P Sensex was up by 105 points or 0.26 per cent at 39,833 while the Nifty 50 gained by 23 points or 0.20 per cent at 11,730. Among stocks, BPCL rose by 2.28 per cent. Indusind Bank was up by 1.28, Kotak Bank up by 1.18 per cent, HDFC Bank up by 0.95 per cent and ICICI Bank up by 0.88 per cent. However, the stocks trading with a negative bias were UPL, HCL Tech, Tech Mahindra and Nestle India.
Equity benchmark indices were flat during early hours on Tuesday tracking Asian peers which witnessed downside in early deals. At 10:15 am, the BSE SandP Sensex was up by 40 points or 0.1 per cent at 40,634 while the Nifty 50 gained by 23 points or 0.2 per cent at 11,954. Sectoral indices at the National Stock Exchange were mixed with thin margins with Nifty private bank down by 0.7 per cent and PSU bank by 0.6 per cent. But Nifty FMCG and IT rose by 0.5 per cent each. Among stocks, the early gainers were Dr Reddy's, Asian Paints, Eicher Motos, Kotak Mahindra Bank and Bharti Airtel.However, ICICI Bank fell by 2.3 per cent to Rs 394.75 per share while IndusInd Bank, Axis Bank and State Bank of India traded lower with thin margins.Meanwhile, Asian shares slipped despite a firmer Wall Street lead with a buoyant tech sector and fresh optimism about US stimulus expected to continue to support sentiment.
Equity benchmark indices traded firm during early hours on Monday with gains seen in Asian markets on hopes that US President Donald Trump could be discharged from hospital later in the day after responding well to COVID-19 treatment. At 10:15 am, the BSE SandP Sensex was up by 424 points or 1.09 per cent at 39,121 while the Nifty 50 gained by 120 points or 1.06 per cent at 11,537.Except for Nifty auto, all sectoral indices at the National Stock Exchange were in the green with Nifty IT moving up by 3 per cent, private bank by 2.3 per cent and metal by 2.1 per cent. Among stocks, Wipro jumped by 5.5 per cent to Rs 330.25 per share, Tata Consultancy Services by 4.2 per cent, Infosys by 3 per cent, HCL Technologies by 2.1 per cent and Tech Mahindra by 1.6 per cent.The other prominent gainers were Tata Steel, JSW Steel, IndusInd Bank, ICICI Bank and Axis Bank. However, Mahindra and Mahindra, GAIL, ONGC, Asian Paints, Cipla and Bharti Airtel traded with a negative bias.
Equity benchmark indices were up with a slight positive bias on Monday ahead of crucial Goods and Services Tax (GST) Council meeting to be chaired by Union Finance Minister Nirmala Sitharaman. At 10:10 am, the BSE S and P Sensex was up by 219 points or 0.54 per cent at 40,728 while the Nifty 50 gained by 67 points or 0.57 per cent at 11,981. Among stocks, ITC rose by 3.78 per cent. Kotak Bank was up by 1.90 per cent and Infosys by 1.74 per cent. However, the stocks trading with a negative bias were JSW Steel, Tata Motors, GAIL, Tata Steel and Heromotocop. Finance Minister Nirmala Sitharaman will chair Goods and Services Tax (GST) Council meeting through video conferencing on Monday. The meeting is scheduled to take place at 4 pm. The Minister is also scheduled to address a press conference on economic issues at 12.30 pm today. On October 5, the GST Council at its 42nd meeting had decided to extend the levy of compensation cess beyond the transition period of five years for such period as may be required to meet the revenue gap
Equity benchmark indices were down on September 30. At 10:00 am, the BSE was down by 95 points or 0.25 per cent and was trading at 37,876, while Nifty was trading also dipped by 7 points or -0.06 per cent at 11,215. The top gainers in the BSE include Sun Pharma, HUL and Asian Paints. SunPharma was trading up with shares at Rs 512 points up by 1.57 per cent, HUL was at Rs 2,055 and Asian Paints at Rs 1,979. Top gainers at NSE included CIPLA, Dr Reddy and Divi's Laboratories Limited. CIPLA was trading at Rs 789 up by 3.49 per cent, Dr Reddy at Rs 5,225 up by 2.77 per cent and Divi's Laboratories Limited was trading at Rs 3,119.
Equity benchmark indices were flat during early hours on Tuesday with IT and metal stocks gaining some ground. At 10:15 am, the BSE S and P Sensex was up by 62 points or 0.16 per cent at 38,044 while the Nifty 50 gained by 24 points or 0.21 per cent at 11,251. Sectoral indices at the National Stock Exchange were mixed with Nifty IT moving up by 1.7 per cent, metal by 0.8 per cent and auto by 0.6 per cent. But Nifty PSU bank dipped by 1.7 per cent and private bank by 1.1 per cent. Among stocks, Tata Consultancy Services advanced by 2.7 per cent to Rs 2,492.25 per share, Wipro by 1.7 per cent and Infosys by 1.2 per cent.
Japan's Yoshihide Suga was voted prime minister by parliament on Wednesday to become the country's first new leader in nearly eight years, appointing a new cabinet that kept about half of the familiar faces from predecessor Shinzo Abe's lineup. Emer McCarthy reports.
Equity benchmark indices opened flat on October 27 (Tuesday) with Sensex up by 10.78 points and Nifty up by 7.30 points. The BSE SandP Sensex was up by 10.78 points or 0.03 per cent at 40,199.08 while the Nifty 50 gained by 7.30 points or 0.06 per cent at 11,775.05.
Equity benchmark indices witnessed a sharp recovery in the last hour of trading session on October 14 and closed in the green led by a rally in financial and banking scrips. The BSE S-P Sensex closed 169 points or 0.42 per cent higher at 40,795 while the Nifty 50 was up by 37 points or 0.31 per cent at 11,971. Except for Nifty auto, IT and pharma, all sectoral indices at the National Stock Exchange were in the green with Nifty financial service up by 1.7 per cent, private bank by 1.3 per cent and PSU bank by 0.6 per cent. Among stocks, Bajaj Finserv gained by 4.1 per cent to close at Rs 6,108.10 per share and Bajaj Finance by 2.8 per cent at Rs 3,364.50.
Five armed men looted around Rs 7 lakhs cash from the Punjab National Bank in Machhrauli village of Jhajjar district. CCTV images show these men barge into the bank with arms and with masks on their faces. They also snatched away the gun of the bank's security guard. They then threaten the bank staff and left with Rs 7 lakhs in cash from the bank. Police is now analyzing the CCTV footage of the incident and two DSP rank officers are leading the probe. Watch the full video for all the details.
Credit: HT Digital Content Duration: 01:13Published
Several masked men looted Rs 7 lakh from Punjab National Bank in Haryana's Jhajjar on October 21. Investigation is underway. "CCTV footage has been recovered. Around 7 lakh rupees have been looted from the bank. Monitoring is being done," said Jhajjar SP.
Equity benchmark indices maintained an upward trajectory on Friday after the Reserve Bank of India's (RBI) kept repo rate unchanged and continued with accommodative stance. Though the central bank sees FY21 GDP contracting by 9.5 per cent and may turn positive in Q4, several market experts said many measures have been introduced to maintain comfortable liquidity conditions. The BSE SandP Sensex closed 327 points or 0.81 per cent higher at 40,509 while the Nifty 50 gained by 80 points or 0.67 per cent at 11,914. Among stocks, State Bank of India rose by 3.6 per cent to Rs 198.55 per share. Private lenders ICICI Bank, Axis Bank and HDFC Bank ticked up by 4 per cent, 3.7 per cent and 3.6 per cent respectively. IT major Wipro was up by 4.4 per cent to Rs 375.25 per share while infrastructure conglomerate Larsen and Toubro advanced by 3.3 per cent to close at Rs 910.05 per unit. However, those which lost were Grasim, Hindalco, Sun Pharma, Nestle India, Britannia and Tata Motors. Meanwhile, Asian shares were mixed as revived hopes for a US stimulus deal eclipsed weaker-than expected jobs data. Nikkei dipped by 0.12 per cent while Hong Kong's Hang Seng was down by 0.31 per cent. But South Korea's Kospi rose by 0.21 per cent.