Equity benchmark indices opened flat on Friday with Sensex up by 7.09 points and Nifty up by 6.45 points. The market had a sloppy opening today amid renewed doubts about a highly-anticipated coronavirus vaccine and concerns surrounding the economic impact of the COVID-19 pandemic. At 9:18 am, the 30-scrip BSE Sensex was up by 7.09 points or 0.02 per cent at 44,325.03.Similarly, 50-scrip NSE Nifty was trading at 12,993.45, at 9:18 am, up by 6.45 points or 0.05 per cent.
Equity benchmark indices opened in the green on November 26 (Thursday) with Sensex up by 148.33 points and Nifty up by 40.80 points. At 9:17 am, the 30-scrip BSE Sensex was up by 148.33 points or 0.34 per cent at 43,967.59. Similarly, 50-scrip NSE Nifty was trading at 12,899.20, at 9:17 am, up by 40.80 points or 0.32 per cent.
Equity benchmark indices opened in the green on Wednesday with Sensex up by 277.40 points and Nifty up by 84.85 points. The domestic stock markets opened on a positive note today, building on the record closing highs registered in the previous session. At 9:16 am, the 30-scrip BSE Sensex was up by 277.40 points or 0.62 per cent at 44,749.73. Similarly, 50-scrip NSE Nifty was trading at 13,140.00, at 9:16 am, up by 84.85 points or 0.65 per cent.
The management of Axis Bank felicitated ASI Seema Dhaka on her stupendous achievement of tracing and reuniting 76 missing or lost children with their families, which earned her Out of Turn Promotion. Sanjay Singh, Special CP, law and order, graced the occasion with his presence and thanked Axis Bank for this gesture. On this occasion, Tanu Malhotra, Sr Vice President, Rajeev Chawla, Vice President and other senior officials of Axis Bank presented a memento and shawl to Seema Dhaka as a token of appreciation. They also wished her success in future endeavours.
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.
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 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.
SBI chairman Dinesh Kumar Khara spoke on the situation in the real estate sector post the lockdown at the 18th edition of the Hindustan Times Leadership Summit 2020. He said that there is significant demand across the country in the affordable housing and added that there is a lot of capacity in the real estate sector. ‘May be in deluxe ones the demand may not be as strong, but in affordable housing there is a lot of promise going forward,’ Khara added. Watch the full video for all the details.
Credit: HT Digital Content Duration: 03:53Published
SBI chairman Dinesh Kumar Khara spoke on the Yes Bank and the more recent Lakshmi Vilas Bank crisis at the 18th edition of the Hindustan Times Leadership Summit. Khara said that the system is maturing and the lessons are being looked into by the regulator and the managements as well. He said that such steps should ensure that similar situations do not arise in the future. Khara also spoke on the health of the banking system and the state of non-performing assets and the impact of regulations like the insolvency law. Watch the full video for all the details.
Credit: HT Digital Content Duration: 03:55Published
SBI chairman Dinesh Kumar Khara spoke on the RBI Internal Working Group’s recommendation to allow Indian corporate houses into banking at the 18th edition of the Hindustan Times Leadership Summit. Khara said that a lot of it depends on corporate governance, related party transactions and exposure limits. ‘As long as these things are imposed either through regulations or oversight mechanisms, the banking system should not have much of an issue,’ Khara said. The SBI chairman also said that a very important aspect is the implementation of laws by the management as well. Watch the full video for all the details.
Credit: HT Digital Content Duration: 03:13Published
SBI chairman Dinesh Kumar Khara spoke on the state of the economy, the way forward and the RBI proposal to allow business houses into banking at the 18th edition of the Hindustan Times Leadership Summit 2020. Khara said that second quarter has seen some change and there is a revival in demand post the unlock announcement by the government. On the RBI’s proposal to allow corporate houses into banking, Khara said that as long as corporate governance is tight the ownership structure should not be much of an issue. The SBI Chairman also spoke on the recent Yes Bank crisis and the state of MSMEs in the post lockdown world. Watch the full video for all the details.
Credit: HT Digital Content Duration: 32:28Published
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.
Equity benchmark indices tumbled over half per cent during early hours on October 14 tracking Asian peers as halted COVID-19 vaccine trials soured investor risk appetite. Besides, the International Monetary Fund (IMF) revised its projection of contraction in India's GDP for current fiscal year to 10.3 per cent from 4.5 per cent earlier, citing a rise in COVID-19 cases. At 10:15 am, the BSE SandP Sensex was down by 232 points or 0.6 per cent at 40,393 while the Nifty 50 lost by 88 points or 0.73 per cent at 11,847. All sectoral indices at the National Stock Exchange were in the red zone with Nifty private bank down by 1 per cent, PSU bank by 0.7 per cent, IT by 1.1 per cent and metal by 0.9 per cent. Among stocks, Wipro slipped by 6.5 per cent to Rs 351.45 per share despite improving its performance in the second quarter of FY21 on several parameters.
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