Equity indices continue upward journey, LandT among top gainers
Video Credit: ANI - Duration: 01:10s - Published
Equity indices continue upward journey, LandT among top gainers
Equity benchmark indices swung upward for the fourth consecutive day on Tuesday with buying across several counters.
The BSE SandP Sensex closed 519 points or 1.49 per cent higher at 35,430 while the Nifty 50 edged higher by 160 points or 1.55 per cent at 10,471.
Larsen and Toubro jumped by 6.73 per cent to Rs 968.50 per share after the engineering and construction multinational called for reduction in India's dependence on imported products, including those from China, and called for a feasible Make in India ecosystem.
Shares of IndusInd Bank rose 6.5 per cent to Rs 521.90 after the private sector lender said that its promoter had acquired additional shares of the bank through open market purchases.
Meanwhile, Asian shares see-sawed in a wild ride following confusing statements from the White House over the US-China trade deal with President Donald Trump later clarifying the pact was fully intact.
Equity benchmark indices were flat during early hours on Thursday as border tensions between India and China continued to simmer while COVID-19 infections surged.At 10:15 am, the BSE SandP Sensex was up by 68 points or 0.2 per cent at 33,576 while the Nifty 50 edged higher by 18 points or 0.19 per cent at 9,900. Sectoral indices at the National Stock Exchange were mixed amid lacklustre trading. Among stocks, private banks slipped with ICICI Bankdown by 1.1 per cent to Rs 338.10 per share. Kotak Mahindra Bank dipped by 0.9 per cent, Axis Bank by 0.8 per cent and IndusInd Bank by 0.6 per cent. The others which lost were ONGC, Adani Ports, NTPC, Larsen and Toubro and Bajaj Auto. However, those which gained marginally were UPL, Bajaj Finserv, ITC, Vedanta, Britannia and Dr Reddy's. Meanwhile, Asian stocks fell as spiking coronavirus cases in several US states and China pushed back hopes of a quick global economic recovery from the pandemic. MSCI's broadest index of Asia Pacific shares outside Japan lost by 1 per cent. Japan's Nikkei was down by 1.3 p
Equity benchmark indices gained for the second consecutive day on Wednesday as heavy buying was witnessed in pharma and financial stocks. The BSE SandP Sensex closed 622 points or 2.06 per cent higher at 30,819 while the Nifty 50 edged higher by 187 points or 2.11 per cent at 9,067. All sectoral indices at the National Stock Exchange were in the positive zone with Nifty pharma up by 4.1 per cent, financial service by 3 per cent and realty by 2.2 per cent. Home loan lender HDFC ticked up by 5.89 per cent, Mahindra and Mahindra by 5.7 per cent, Bharat Petroleum Corporation by 5.6 per cent and GAIL by 5.4 per cent. Bajaj Finance rose by 3.8 per cent after the company reported a profit after tax of Rs 948 crore for the quarter ended March, marking a 19.4 per cent decline year-on-year on higher provisioning to offset Covid-19 impact. Reliance Industries also ticked up 1.8 per cent as its Rs 53,000 crore mega issue opened today. The other prominent gainers were GAIL, Larsen and Toubro, UPL and Eicher Motors. However, Bharti Infratel plunged by 6.9 per cent while IndusInd Bank, Hero MotoCorp, Vedanta and Bharti Airtel traded with a negative bias. Meanwhile, Asian markets traded mixed as diplomatic tensions between Australia and China escalated and new economic indicators pointed to more signs of recession. Sceptical report dented some hopes for a COVID-19 vaccine and concerns about a quick global recovery from the pandemic returned. A soft yen helped Japan's Nikkei to move up by 0.79 per cent. Hong Kong's Hang Seng was up by 0.05 per cent and South Korea's Kospi edged up by 0.46 per cent.
Equity benchmark indices traded higher during early hours on Wednesday, a day after Prime Minister Narendra Modi announced an economic stimulus package worth Rs 20 lakh crore amounting to 10 per cent of the GDP to alleviate the pain caused by COVID-19. In an evening address to the nation, the Prime Minister has also said that the countrywide lockdown will extend post-May 17 with new rules to allow more industrial and business activities. At 10:15 am, the BSE S and P Sensex was up by 697 points or 2.22 per cent at 32,068 while the Nifty 50 edged higher by 196 points or 2.13 per cent at 9,393. Except for Nifty pharma, all sectoral indices at the National Stock Exchange were in the positive zone with Nifty private bank up by 3.5 per cent, financial service by 3.1 per cent and auto by 2.8 per cent. Among stocks, private lenders gained the most with ICICI Bank advancing by 5.53 per cent to Rs 338.95 per share, HDFC Bank by 4.1 per cent and Axis Bank by 3.4 per cent. Larsen and Toubro was up by 4.6 per cent, Mahindra and Mahindra by 4.1 per cent, Maruti by 3.5 per cent and Power Grid Corporation by 3.2 per cent. However, those which lost were Nestle India, Sun Pharma, Bharti Airtel, GAIL and Reliance Industries. Meanwhile, Asian equities pulled back on heightened concerns of the second wave of coronavirus infections. Japan's Nikkei was down by 0.46 per cent and South Korea's Kospi lowered by 0.1 per cent and the Shanghai Composite fell by 0.18 per cent.
Rapper and business mogul Kanye West has provided more details about his surprise bid for the presidency. In an interview with Forbes West said that he was OK taking Black voters from Democratic candidate Joe Biden. "To say that the Black vote is Democratic is a form of racism and white supremacy," West told Forbes. He said that though he no longer supports President Donald Trump, he would not run against him as a Republican.
Facebook's decisions to allow controversial posts by President Donald Trump established a "terrible precedent" that could allow the platform to be "weaponized to suppress voting," according to an external civil rights audit released on Wednesday. Conway G. Gittens has more.
On Tuesday, President Trump gave an interview in which he said he was considering banning TikTok. Trump echoed earlier comments from Secretary of State Mike Pompeo. Trump implied a ban on TikTok would be a way of punishing China for the coronavirus. Business Insider reports that Coronavirus originated in the city of Wuhan. Trump's rationale was somewhat different from the reason given by Pompeo. Pompeo said the US was worried TikTok could be a national-security risk.
Kanye West no longer supports President Donald Trump. West gave a four-hour interview to Forbes magazine Tuesday. West has been widely criticized because of his support of President Donald Trump. He told Forbes he's lost faith in Trump. "It looks like one big mess to me. I don't like that I caught wind that he hid in the bunker." West's comments come after he announced he is running for president himself. He missed deadlines in several states to actually get on the ballot.
The coronavirus pandemic is once again surging out of control, rising in a majority of states. Health experts are warning that more than 200,000 Americans could be dead by Election Day. Meanwhile, President Donald Trump is pushing to reopen elementary, middle, and high schools in the fall. The President has failed to offer detailed guidelines on how schools could open safely next month. According to CNN, Trump made the inaccurate statement just days ago that 99% of coronavirus cases are harmless. The coronavirus has already killed over 133,000 Americans and infected more than 3 million people.
Equity benchmark indices fell sharply during the last hour of the trading session on Wednesday amid mixed Asian cues and continued surge in coronavirus cases which cast doubt over a quick global economic recovery. The BSE S-P Sensex closed 346 points or 0.94 per cent lower at 36,329 while the Nifty 50 edged down by 94 points or 0.87 per cent at 10,706. Sectoral indices at the National Stock Exchange were mixed with Nifty auto and realty down by 1.9 per cent each, IT by 1.7 per cent and financial service by 0.6 per cent. But Nifty PSU bank climbed up by 2.3 per cent and metal by 1.5 per cent. Among stocks, Bajaj Finance fell by 4.6 per cent to Rs 3,197 per share while Bajaj Finserv slipped by 2.8 per cent. Tata Motors was down by 3.1 per cent, Maruti Suzuki by 2.8 per cent and Eicher Motors by 2.6 per cent. IT majors HCL Technologies and Infosys skidded by 2.9 per cent and 2.4 per cent respectively.
Equity benchmark indices were subdued during early hours on July 07 in lacklustre trading amid mixed cues from Asian peers. At 10:15 am, the BSE S and P Sensex was up by 78 points or 0.21 per cent at 36,565 while the Nifty 50 edged up by 10 points or 0.09 per cent at 10,774. Most sectoral indices at the National Stock Exchange were in the red except for Nifty IT which moved up by 1.7 per cent, pharma by 0.8 per cent and auto by 0.5 per cent. IT stocks appeared to be the flavour of the day with Infosys gaining by 2.6 per cent to Rs 784.50 per share. Wipro was up by 1.6 per cent, HCL Technologies by 1.5 per cent and Tech Mahindra by 1.3 per cent. Auto stocks also gained marginally with Bajaj Auto and Tata Motors moving up by 1.6 per cent each and Maruti Suzuki by 1.1 per cent. However, Power Grid Corporation slipped by 2.5 per cent to Rs 173.40 per share. Grasim was down by 2.4 per cent, ONGC by 2.1 per cent, ITC by 1.7 per cent and Tata Steel by 1.6 per cent. Meanwhile, Asian indices traded mixed despite a strong close on Wall Street overnight. In Japan, Nikkei traded down by 0.7 per cent as the market participants seemed concerned over the rising number of new Covid-19 cases in Tokyo.
Equity indices traded with a positive bias throughout on July 06 session amid a strong rally in all major sectors. At the closing bell, the BSE SandP Sensex was up by 466 points or 1.29 per cent at 36,487 while the Nifty 50 edged higher by 156 points or 1.47 per cent at 10,764.Nifty pharma slipped by 0.6 per cent but all other sectoral indices at the National Stock Exchange were in the green with Nifty auto gaining by 2.8 per cent, metal by 2.4 per cent, realty by 3 per cent, private bank by 1.5 per cent and finance service by 1.4 per cent. Among stocks, Mahindra and Mahindra witnessed a handsome gain of 7.4 per cent to Rs 569.70 per share. Tata Motors was up by 5.3 per cent and Maruti Suzuki by 3.4 per cent. Metal majors Hindalco and Tata Steel gained by 5.6 per cent and 2.7 per cent while index heavyweight Reliance Industries edged higher by 3.7 per cent to Rs 1,855 per share.
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.
Equity benchmark indices were up by nearly one per cent during early hours on July 02 tracking gains in Asian peers as investors hoped of a vaccine for COVID-19. At 10:15 am, the BSE SandP Sensex was up by 340 points or 0.96 per cent at 35,745 while the Nifty 50 edged higher by 97 points or 0.93 per cent at 10,527.All sectoral indices at the National Stock Exchange were in the positive zone with Nifty private bank gaining by 1.5 per cent, financial service and IT by 1.3 per cent each, and auto by 0.8 per cent.Among stocks, ONGC was the top gainer by moving up 3.4 per cent to Rs 83.20 per share. IndusInd Bank and HDFC Bank rose by 2.5 per cent and 1.9 per cent respectively.The other prominent gainers were Mahindra and Mahindra, Hero MotoCorp, Infosys, Wipro and Grasim. Among those in the red zone were UPL, Hindustan Lever, Britannia, Maruti Suzuki and Eicher Motors.
Equity benchmark indices fell by over 1 per cent during early hours on June 29 amid weak global cues as coronavirus cases continue to surge across the world. That dimmed the hopes of an early economic recovery and drove investors to safer assets like government bonds, gold and the US dollar. At 10:15 am, the BSE SandP Sensex was down by 431 points or 1.23 per cent at 34,740 while the Nifty 50 edged lower by 130 points or 1.25 per cent at 10,253. Except for Nifty FMCG and pharma, all sectoral indices at the National Stock Exchange were in the negative zone with Nifty metal down by 2.6 per cent, private bank by 2.3 per cent and financial service by 2 per cent. Among stocks, Bajaj Finance dropped by 4.3 per cent to Rs 2,778.85 per share while Bajaj Finserv slipped by 2.8 per cent to Rs 5,776.85. Private lenders were on slippery ground with Axis Bank down by 4.4 per cent, IndusInd Bank by 3 per cent and ICICI Bank by 2.6 per cent. Hindalco, JSW Steel, Coal India, Bharti Infratel and Tech Mahindra too traded with a negative bias. But FMCG majors ITC, Nestle India and Britannia were in the positive zone along with Cipla and Sun Pharma.
Equity benchmark indices slipped over 1.5 per cent during the afternoon session on Wednesday as heavy selling was witnessed in banking stocks. The BSE SandP Sensex closed 561 points or 1.58 per cent lower at 34,869 while the Nifty 50 dropped by 166 points or 1.58 per cent at 10,305. Except for Nifty FMCG, all sectoral indices at the National Stock Exchange were in the negative terrain with Nifty private bank down by 4 per cent, financial service by 2.9 percent, and realty by 2.6 per cent and pharma by 2.4 per cent. Among stocks, ICICI Bank tumbled by 7.1 per cent to wind up the day at Rs 349.35 per share. IndusInd Bank dropped by 6.6 per cent and Axis Bank by 4.1 per cent while State Bank of India slipped by 4.1 per cent. The other prominent losers were Power Grid Corporation, Hindalco, Cipla, NTPC and Bajaj Finserv. However, Asian Paints added gains of 3.8 per cent to close at Rs 1,748 per share. FMCG major ITC was up by 3.3 per cent and Nestle India by 1.1 per cent while auto majors Eicher Motors, Hero MotoCorp and Tata Motors added marginal gains.
Equity benchmark indices were in the positive territory during early hours on June 30 amid strong global cues after data showed that China's manufacturing sector grew more than expected in June. At 10:15 am, the BSE SandP Sensex was up by 225 points or 0.63 per cent at 35,186 while the Nifty 50 edged higher by 64 points or 0.62 per cent at 10,377.Sectoral indices at the National Stock Exchange were mixed with Nifty metal gaining by 2.1 per cent and realty by 1.3 per cent. Among stocks, Tata Steel edged higher by 4.75 per cent to Rs 336.10 per share while Hindalco was up by 3.2 per cent and JSW Steel by 2 per cent. The other prominent gainers were UPL, ICICI Bank, NTPC, Britannia and HDFC. Among those in the red zone were Sun Pharma, Dr Reddy's, Tata Consultancy Services, Infosys, GAIL and Power Grid Corporation.
Equity benchmark indices underwent bouts of volatility on Tuesday but ended flat despite strong global cues after data showed that China's manufacturing sector grew more than expected in June. At the closing bell, the BSE S and P Sensex was down by 46 points or 0.13 per cent at 34,916 while the Nifty 50 edged lower by 10 points or 0.1 per cent at 10,302. Sectoral indices at the National Stock Exchange were mixed with Nifty PSU losing by 1.7 per cent and pharma by 1.5 per cent. Among stocks, Bharat Petroleum Corporation was down by 2.5 per cent to close at Rs 373.75. Power Grid Corporation fell by 1.9 per cent, GAIL by 1.8 per cent, Indian Oil Corporation by 1.7 per cent, Coal India by 1.2 per cent and ONGC by 1 per cent.
Equity benchmark indices traded with a bearish bias on Monday amid jittery global cues as coronavirus cases continue to surge across several countries including India. Selling pressure aggravated for realty, PSU banks and metal stocks as investors drove funds to safer assets with flickering hopes of early economic recovery. The BSE S-P Sensex closed 210 points or 0.6 per cent lower at 34,962 while the Nifty 50 edged lower by 71 points or 0.68 per cent at 10,312. Except for Nifty FMCG, all sectoral indices at the National Stock Exchange were in the negative zone with Nifty realty down by 3.5 per cent, PSU bank by 3.3 per cent and metal by 2.6 per cent. Among stocks, Coal India was the top loser after slipping by 4.9 per cent to Rs 135.05 per share. Axis Bank dropped by 4.7 per cent while State Bank of India was down by 2.8 per cent.
Equity benchmark indices gained nearly one per cent during early hours on Tuesday while tracking gains in Asian markets. At 10 am, the BSE SandP Sensex was up by 319 points or 0.96 per cent at 33,618..