Equity market

Mumbai: Equity benchmark indices traded higher during early hours on Tuesday as Asian stock markets rose to a two-week high after US President Donald Trump was discharged from hospital following treatment for COVID-19. For investors, prospects for a fresh US stimulus package appeared to brighten. At 10:15 am, the BSE S&P Sensex was up by 352 points or 0.9 per cent at 39,326 while the Nifty 50 gained by 96 points or 0.84 per cent at 11,600. Among stocks, Tata Motors was the top gainer after moving up by 6.9 per cent to Rs 143.20 per share. Housing loan major HDFC ticked up by 4.8 per cent, HDFC Bank by 1.6 per cent and IndusInd Bank by 1.5 per cent. Realty major DLF advanced by 2.9 per cent and Oberoi Realty gained by 1.2 per cent. The other prominent gainers were Mahindra & Mahindra, Asian Paints, Adani Ports and UPL. However, IT stocks dipped with Wipro, Tata Consultancy Services and Infosys losing by over 1 per cent each. Meanwhile, Asian stock markets rose to a … [Read more...] about Equity indices on upward swing, financial and realty stocks spurt

Mumbai: Equity benchmark indices ticked up by over half per cent during early hours on Wednesday following mixed global cues amid uncertainty on US stimulus package and surging coronavirus cases. At 10:15 am, the BSE S&P Sensex was up by 282 points or 0.71 per cent at 39,857 while the Nifty 50 gained by 66 points or 0.57 per cent at 11,728. Most sectoral indices at the National Stock Exchange were in the red except for Nifty auto, FMCG and pharma. Titan moved up by 4.2 per cent, UPL by 2.3 per cent and ONGC by 1.8 per cent. Auto stocks also gained marginally with Maruti Suzuki, Mahindra & Mahindra, Hero MotoCorp, Bajaj Auto and Eicher Motors gaining by nearly 1 per cent each. However, Bajaj Finance and Bajaj Finserv dipped by 3.6 per cent and 1.3 per cent. Sun Pharma, JSW Steel, GAIL, NTPC and Power Grid Corporation too traded with a negative bias. Meanwhile, Asian stock markets edged higher and brushed off Wall Street's weaker finish which came after US President Donald … [Read more...] about Equity indices in positive zone, Reliance up 3 per cent

“The risk sentiment has been dealt a serious blow with the worsening coronavirus situation in Europe on account of a second wave. Most countries have announced partial lockdowns, curfews or declared emergencies. This threatens to nip the nascent recovery in the bud,” said Abhishek Goenka, Founder and CEO, IFA Global. … [Read more...] about Rupee slips below 74/USD level in early trade

According to Arjun Yash Mahajan Head Institutional Business at Reliance Securities, the India trade set up does not look to be encouraging due to weak global cues. Volatility in domestic equities is expected to persist due to futures and options (F&O) expiry. … [Read more...] about Sensex plunges over 350 points in early trade; Nifty drops below 11,650

Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey had said that potential investors in Air India have given feedback that due to the uncertainty created by COVID-19 in the aviation sector, the debt should not be fixed at the Expression of Interest (EoI) stage. … [Read more...] about Govt likely to extend Air India bid deadline to Dec 14; investors to get flexibility on debt