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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

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Credit: ANI    Duration: 01:15Published
Equity indices flat amid lacklustre trading, private lenders lose [Video]

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Credit: ANI    Duration: 01:10Published
Opening bell: Equity indices on firm ground, IT stocks gain [Video]

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

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NIFTY 50 NIFTY 50 Indian stock market index

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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.

Credit: ANI    Duration: 01:06Published
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Credit: ANI    Duration: 01:02Published
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Credit: ANI    Duration: 01:18Published

Punjab National Bank Punjab National Bank Indian public sector bank

Watch: Armed men loot Rs 7 lakh from Punjab National Bank in Haryana [Video]

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Credit: HT Digital Content    Duration: 01:13Published
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Credit: ANI    Duration: 01:46Published

Axis Bank Indian private sector bank

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ICICI Bank ICICI Bank Indian private sector bank


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Credit: ANI    Duration: 01:11Published

State Bank of India State Bank of India Indian public sector bank

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Credit: HT Digital Content    Duration: 03:53Published
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Credit: HT Digital Content    Duration: 03:55Published
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Credit: HT Digital Content    Duration: 03:13Published
SBI chairman Dinesh Kumar Khara on state of economy, banking & NPAs l #HTLS2020 [Video]

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Credit: HT Digital Content    Duration: 32:28Published

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