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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 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 BSE S 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.

IndusInd Bank jumped by 12 per cent to close at Rs 679.05 per share while Axis Bank moved up by 7.9 per cent, ICICI Bank by 4.4 per cent and Kotak Mahindra Bank by 3.7 per cent.Punjab National Bank was up by 5.6 per cent at Rs 37.30 per share while State Bank of India gained by 4.5 per cent to Rs 225.40.

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.


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IndusInd Bank Indian private sector bank

Closing bell: Equity indices reverse early gains, Bharti Airtel drops 8% [Video]

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Equity benchmark indices wiped out early gains and closed in the negative terrain on Wednesday after a volatile trading session. At the closing bell, the BSE S-P Sensex was down by 66 points or 0.17 per cent at 37,668 while the Nifty 50 lost by 22 points or 0.2 per cent at 11,132.Most sectoral indices at the National Stock Exchange were in the negative zone with Nifty pharma losing by 1.6 per cent, PSU bank by 1.5 per cent and metal by 0.4 per cent. Among stocks, Bharti Infratel shed 8.2 per cent to close at Rs 165.50 per share while Bharti Airtel lost by 8.1 per cent and wound up the day at Rs 432.50.The other prominent losers were Tata Steel, IndusInd Bank, NTPC, Tata Consultancy Services, ONGC and Adani Ports.

Credit: ANI    Duration: 01:17Published
Closing bell: Sensex jumps 646 points, Reliance up 7.1% to hit record high [Video]

Closing bell: Sensex jumps 646 points, Reliance up 7.1% to hit record high

Equity benchmark indices were on an upswing on September 10 following a spurt in Asian markets with Reliance Industries and banking stocks leading the rally. The BSE S-P Sensex closed 646 points or 1.69 per cent higher at 38,840 while the Nifty 50 gained by 171 points or 1.52 per cent at 11,449. Most sectoral indices at the National Stock Exchange were in the green with Nifty PSU bank gaining by 2.46 per cent, private bank by 1 per cent and financial service by 0.7 per cent. Among stocks, index heavyweight Reliance Industries hit a record high to Rs 2,314.65 per share, up 7.1 per cent on BSE. At the closing bell, its market capitalisation stood at Rs 14.67 lakh crore (or close to 200 billion dollars).The development came a day after announcing that US technology investor Silver Lake will invest Rs 7,500 crore in Reliance Retail Ventures. Shares of State Bank of India (SBI) closed 1.67 per cent higher at Rs 198.15 per share after the country's biggest lender said it raised Rs 4,000 crore via additional tier one (AT1) bonds. Bharat Petroleum Corporation advanced by 6 per cent, Indian Oil Corporation by 3.8 per cent, Axis Bank by 3.6 per cent, IndusInd Bank by 2.6 per cent and Tata Motors by 2.1 per cent.

Credit: ANI    Duration: 01:10Published
Equity indices flat after historic contraction in Q1 GDP [Video]

Equity indices flat after historic contraction in Q1 GDP

Equity benchmark indices were flat during early hours on September 01 as official figures released a day earlier showed 23.9 per cent fall in the economy during the first quarter of the current financial year. At 10:15 am, the BSE SandP Sensex up by 85 points or 0.22 per cent at 38,714 while the Nifty 50 gained by 27 points or 0.24 per cent at 11,415.All sectoral indices at the National Stock Exchange were in the green with Nifty metal gaining by 2.5 per cent, pharma by 1.9 per cent, private bank by 1.3 per cent and auto by 1.2 per cent.Among stocks, JSW Steel was up by 2.5 per cent to Rs 276.55 per share, Hindalco by 2 per cent and Tata Steel by 2 per cent. The other prominent gainers were IndusInd Bank, Asian Paints, Bharti Infratel, Eicher Motors and Bajaj Finance.However, ONGC dipped by 2.8 per cent to Rs 79.65 per share. Axis Bank, Reliance Industries, ITC and energy majors like GAIL, IndianOil Corporation, Bharat Petroleum Corporation and Coal India traded with a negative bias.Meanwhile, Asian stocks edged higher after strong readings on China's vast manufacturing sector offset the weak lead from a softer Wall Street session.

Credit: ANI    Duration: 01:03Published
Sensex crashes by 839 points on geopolitical tensions, bank stocks hit badly [Video]

Sensex crashes by 839 points on geopolitical tensions, bank stocks hit badly

Equity benchmark indices erased all morning gains and cracked by over 2 per cent on geopolitical concerns and ahead of the GDP first-quarter data. At the closing bell, the BSE SandP Sensex was down by 839 points or 2.13 per cent at 38,628 while the Nifty 50 lost by 305 points or 2.62 per cent at 11,342. All sectoral indices at the National Stock Exchange were in the red with Nifty pharma losing by 5.2 per cent, PSU bank by 5 per cent, private bank by 3.6 per cent metal by 4.2 per cent and realty by 4.8 per cent. Government-owned State Bank of India lost by 5.9 per cent to Rs 211.45 per share as private lender IndusInd Bank lost by 5.1 per cent to Rs 631.25. The other prominent losers were Bajaj Finserv, Bajaj Finance, Zee Entertainment and NTPC. However, Future Retail was up by 20 per cent to Rs 162.30 per share after Mukesh Ambani-led Reliance Industries said it will acquire the company's retail, wholesale, logistics and warehousing business for Rs 24,713 crore.

Credit: ANI    Duration: 01:15Published

Bombay Stock Exchange Bombay Stock Exchange Stock exchange in Mumbai, India

Opening Bell: Equity indices in the red amid weak global cues [Video]

Opening Bell: Equity indices in the red amid weak global cues

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.

Credit: ANI    Duration: 01:10Published
Opening Bell: Equity indices subdued but IT, metal stocks gain [Video]

Opening Bell: Equity indices subdued but IT, metal stocks gain

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.

Credit: ANI    Duration: 01:12Published

Shinzo Abe Shinzo Abe 90th and 98th Prime Minister of Japan

Suga takes the reins from Abe as new PM [Video]

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Credit: Reuters Studio    Duration: 02:09Published
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The 71-year-old replaces longtime ally Shinzo Abe, who is stepping down because of his health.

Credit: Al Jazeera STUDIO    Duration: 02:07Published

NIFTY 50 NIFTY 50 Indian stock market index

Opening Bell: Equity indices edge higher, auto and banking stocks gain [Video]

Opening Bell: Equity indices edge higher, auto and banking stocks gain

Equity benchmark indices climbed up by 1 per cent during early hours on Monday tracking positive trends in Asian markets. At 10:15 am, the BSE S-P Sensex was up by 379 points or 1.01 percent at 37,768 while the Nifty 50 gained by 118 points or 1.06 per cent at 11,168. Except for Nifty IT, all sectoral indices at the National Stock Exchange were in the green with Nifty auto ticking up by 1.8 per cent, private banks by 1.6 per cent and PSU banks by 1.5 per cent. Among stocks, ONGC advanced by 5.3 per cent to Rs 72.60 per share, NTPC by 2.7 per cent, Coal India by 2.5 per cent and Power Grid Corporation by 2.4 per cent. The other prominent gainers were Bajaj Finance, Adani Ports, Tata Motors and Axis Bank. However, those which lost marginally were Infosys, Tata Consultancy Services, Bharti Airtel, Cipla and Hindustan Lever.

Credit: ANI    Duration: 01:10Published
Equity Indices in the Red amid Weak Global Cues [Video]

Equity Indices in the Red amid Weak Global Cues

Equity benchmark indices traded lower during early hours on September 22 while Asian markets opened weak after the sharp pullback overnight in US stocks. At 10:15 am, the BSE S-P Sensex was down by 301 points or 0.79 per cent at 37,733 while the Nifty 50 moved lower by 66 points or 0.59 per cent at 11,184. All sectoral indices at the National Stock Exchange were in the negative terrain with Nifty realty dipping by 4.6 per cent, PSU bank by 3.2 per cent, metal by 2.9 per cent and auto by 2.3 per cent. Among stocks, energy major GAIL was the top loser after sliding 4.9 per cent to Rs 83.85 per share. Adani Ports fell by 4.5 per cent and Tata Motors by 4 per cent. Tata Steel, Hindalco, ONGC, Bajaj Finance, Zee Entertainment and Bharti Infratel too traded lower by over 3 per cent. However, Tata Consultancy Services and ICICI Bank were in the green with thin margins. Meanwhile, Asian markets opened weak even after the sharp pullback overnight in US stocks. Investor sentiment took a hit with possible delays in expanded US stimulus. The undertone remained cautious as Europe sees some countries lockdown for the second time as COVID-19 cases jump which could hurt economic activity. Hong Kong shares of HSBC and Standard Chartered fell more than 2 per cent each as global banking stocks remained under intense pressure on reports about financial institutions allegedly moving illicit funds. MSCI's broadest index of Asia Pacific shares outside Japan was down by 0.5 per cent. Hong Kong's Hang Seng index was down by 0.5 per cent while Japanese markets were closed for a public holiday.

Credit: ANI    Duration: 01:50Published

Punjab National Bank Punjab National Bank Indian multinational bank

Equity indices trade higher, PSU banks lead rally [Video]

Equity indices trade higher, PSU banks lead rally

Equity benchmark indices traded half a per cent higher during early hours on August 27 with the start of September futures and options series. At 10:15 am, the BSE S and P Sensex up by 199 points or 0.51 per cent at 39,312 while the Nifty 50 gained by 53 points or 0.53 per cent at 11,612. All sectoral indices at the National Stock Exchange were in the green with Nifty PSU bank gaining by 2.8 per cent, private bank by 1.5 per cent and financial service by 0.9 per cent. Punjab National Bank was up by 3.5 per cent at Rs 36.55 per share while State Bank of India gained by 1.6 per cent to Rs 219.10. Axis bank ticked up by 3.8 per cent, IndusInd Bank by 2.7 per cent and ICICI Bank by 2.5 per cent. The other major gainers were Bharti Infratel, UPL, Larsen and Toubro and energy majors like Indian Oil Corporation, Bharat Petroleum Corporation and ONGC. However, JSW Steel, Tata Motors, HDFC Bank, Infosys, Adani Ports and Hindustan Lever traded with a negative bias.

Credit: ANI    Duration: 01:10Published

Axis Bank Indian private sector bank

Closing bell: Weak global cues drag down equity indices, banking stocks suffer [Video]

Closing bell: Weak global cues drag down equity indices, banking stocks suffer

Equity benchmark indices closed in the negative zone on September 09 following losses in Asian markets after yesterday's rout in Wall Street. Forecasts of double-digit contraction by several global rating agencies in FY21 GDP, rising coronavirus cases and geopolitical tensions drove investors to safer assets. The BSE SandP Sensex closed 171 points or 0.45 per cent lower at 38,194 while the Nifty 50 was down by 39 points or 0.35 per cent at 11,278. Most sectoral indices at the National Stock Exchange were in the red with Nifty PSU bank slipping by 2.5 per cent, private bank by 1.7 per cent and financial service by 1.8 per cent. But Nifty pharma gained by 1.9 per cent and metal ticked up by 1.2 per cent. Among stocks, State Bank of India was the top loser after dropping by 4 per cent to Rs 195.70 per share. Axis Bank slipped by 2.7 per cent, ICICI Bank by 2.2 per cent, Bajaj Finserv by 2.9 per cent and Bajaj Finance by 1.9 per cent.AstraZeneca Pharma India's stock closed 3.2 per cent down to Rs 4,080 per unit after its parent company voluntarily paused a randomised clinical trial of a coronavirus vaccine after a volunteer developed an unexplained illness.

Credit: ANI    Duration: 01:19Published
Equity indices subdued, FMCG and pharma stocks drag [Video]

Equity indices subdued, FMCG and pharma stocks drag

Equity benchmark indices were subdued during early hours on September 07 due to mixed global cues with FMCG and pharma stocks under pressure. At 10:15 am, the BSE SandP Sensex was down by 45 points or 0.12 per cent at 38,312 while the Nifty 50 lost by 21 points or 0.18 per cent at 11,313. Sectoral indices at the National Stock Exchange were mixed with Nifty FMCG down by 0.8 per cent, pharma by 0.5 per cent and IT by 0.4 per cent. Among stocks, UPL dropped by 3 per cent to Rs 492.90 per cent, Mahindra and Mahindra by 2 per cent, ITC by 1.6 per cent and GAIL by 1.3 per cent. The other prominent losers were ONGC, Bajaj Auto, HCL Technologies, Wipro, Larsen and Toubro and Bharti Airtel. However, Bharti Infratel gained by 4.2 per cent to Rs 223.95 per share. Axis Bank, ICICI Bank and State Bank of India along with Tata Motors and Tata Steel traded with a positive bias.

Credit: ANI    Duration: 01:09Published

ICICI Bank ICICI Bank Indian private sector bank

Equity indices nudge lower on weak global cues, banking stocks dip [Video]

Equity indices nudge lower on weak global cues, banking stocks dip

Equity benchmark indices traded lower during early hours on Thursday on the back of weak global cues after the US Federal Reserve indicated the interest rate could stay close to zero for years. At 10:15 am, the BSE S-P Sensex was down by 141 points or 0.36 per cent at 39,162 while the Nifty 50 lost by 39 points or 0.34 per cent at 11,565. Except for Nifty IT and pharma, all sectoral indices at the National Stock Exchange were in the negative terrain with Nifty private bank losing by 1 per cent and financial service by 0.9 per cent. Among stocks, ICICI Bank dropped by 1.3 per cent to Rs 369.85 per share while HDFC Bank lowered by 1 per cent. The other major losers were Hindalco, Tata Consultancy Services, Bajaj Auto and Tata Motors.However, HCL Technologies moved up by 2 per cent to Rs 811.20 per share and Tech Mahindra by 1.7 per cent. Dr Reddy's, Hero MotoCorp, Grasim and Asian Paints also traded with a positive bias.

Credit: ANI    Duration: 01:09Published

Kotak Mahindra Bank Indian private sector bank

Equity indices volatile amid India-China border tension [Video]

Equity indices volatile amid India-China border tension

Equity benchmark indices were volatile during early hours on Sep 08 due to enhanced level of geopolitical tensions. At 10:15 am, the BSE SandP Sensex was up by 116 points or 0.3 per cent at 38,533 while the Nifty 50 was up by 9 points or 0.08 per cent at 11,364. Except for Nifty IT and pharma, all sectoral indices at the National Stock Exchange were in the red with thin margins. Among stocks, Bharti Infratel dropped by 3.7 per cent to Rs 222.30 per cent, Bharti Airtel by 1.1 per cent, Nestle India and Tata Motors by 1.3 per cent each. The other prominent losers were ONGC, Power Grid Corporation, Grasim, ITC, Kotak Mahindra Bank and JSW Steel.

Credit: ANI    Duration: 01:03Published
Equity indices trade higher, Eicher Motors top gainer [Video]

Equity indices trade higher, Eicher Motors top gainer

Equity benchmark indices traded on a positive note during early hours on Monday led by gains in financial and auto stocks. At 10:15 am, the BSE S-P Sensex was up by 215 points or 0.56 per cent at 38,650 while the Nifty 50 gained by 68 points or 0.6 per cent at 11,440.Except for Nifty IT and pharma, all sectoral indices at the National Stock Exchange were in the green with Nifty private bank moving up by 1.6 per cent, financial service by 1.5 per cent and auto by 1.1 per cent. Among stocks, Eicher Motors witnessed a dramatic jump of 8.4 per cent to Rs 2,353 per share. Kotak Mahindra Bank gained by 2.8 per cent, HDFC Bank by 2.2 per cent and ICICI Bank by 1.2 per cent. Grasim, Adani Ports, Asian Paints and Bharat Petroleum Corporation too traded with a positive bias. However, those which lost were Tech Mahindra, HCL Technologies, Cipla, Sun Pharma and Titan.

Credit: ANI    Duration: 01:08Published
Banking and financials drag down equity indices, ICICI Bank top loser [Video]

Banking and financials drag down equity indices, ICICI Bank top loser

Equity benchmark indices snapped three-days of winning streak during early hours on Thursday on weak global cues after the Federal Reserve warned that the US economic recovery faces a highly uncertain path. At 10:15 am, the BSE S and P Sensex was down by 291 points or 0.75 per cent at 38,324 while the Nifty 50 slipped by 75 points or 0.66 per cent at 11,333. Most sectoral indices at the National Stock Exchange were in the red with Nifty private bank and financial service dipping by 1 per cent each. Among stocks, ICICI Bank lost by 2.2 per cent to Rs 366.30 per share while IndusInd Bank and Kotak Mahindra Bank retreated by 1.5 per cent and 1.1 per cent respectively.

Credit: ANI    Duration: 01:08Published

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