Opening bell: Equity indices on firm ground, IT stocks gain
Video Credit: ANI - Duration: 01:20s - Published
Opening bell: Equity indices on firm ground, IT stocks gain
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.
For years, President Donald Trump was a Fox News superfan, routinely phoning in to give impromptu interviews and receive gushing praise. But now, Business Insider reports Trump is waging war against the network. What's more, he's encouraging his supporters to migrate over to more MAGA-friendly channels like Newsmax and One America News Network. As it increasingly challenges Trump's baseless election fraud claims, Fox News is under a siege of its own making.
President Donald Trump has pardoned former national security advisor Michael Flynn. On Wednesday, Trump tweeted that Flynn would receive a "full pardon." Business Insider reports that Flynn pleaded guilty in December 2017 to lying to the FBI about his communications with Sergey Kislyak, then Russia's ambassador to the US. Flynn initially cooperating with prosecutors. Then, he shook up his legal team and took a more combative stance against the Justice Department.
Meghan Markle reveals that she suffered a miscarriage this past summer, ViacomCBS cancels 'One Day at a Time' and Jimmy Kimmel takes shots at Donald Trump and Randy Quaid. Here are today's (11/25) stories.
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President-elect Joe Biden continues to rack up the most votes won by any candidate in US history. As of Wednesday at 4 p.m., Biden earned more than 80 million votes in the 2020 presidential election. Business Insider reports that President Donald Trump has secured nearly 74 million votes so far. That's the second for most votes in any American presidential election.
U.S. President Donald Trump called into a meeting of Republican state legislators in Gettysburg, Pennsylvania on Wednesday, repeating his debunked claims of voter fraud and praising Giuliani for his work.
Four months ago, 19-year-old Jose Martinez was a regular high school student. Today, he's the sole caregiver and provider for four of his five young siblings, including one with special needs, after the death of their mother. This report produced by Emma Jehle.
Thanksgiving is the biggest holiday in America. But, COVID-19 has forced many Americans to reconsider their plans. According to Insider polling nearly one in five respondents canceled their pre-made Thanksgiving travels plans as a result of the pandemic. Additionally, nearly 19% of respondents reported Thanksgiving travel plans which include either driving or flying. ICU beds in hospitals are increasingly reaching capacity.
"As a doctor, I see a lot of very distressed people coming into my office," he said. "The way the government and politicians talk about the virus is making people anxious and that's a big problem."View on euronews
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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.
Equity benchmark indices opened in the green on November 24 with Sensex up by 208.50 points and Nifty up by 72.25 points. The benchmark indices BSE Sensex and NSE Nifty opened higher for the second consecutive day as COVID-19 vaccine progress has shored up the global sentiment. At 9:16 am, the 30-scrip BSE Sensex was up by 208.50 points or 0.47 per cent at 44,341.19. Similarly, 50-scrip NSE Nifty was trading at 12,998.70, at 9:16 am, up by 72.25 points or 0.56 per cent.
Equity benchmark indices opened in the green on Monday with Sensex up by 371.84 points and Nifty up by 86.15 points. The domestic stock markets opened in the green, after closing at around record highs in the previous week, one of the reasons likely being, as hopes of a coronavirus vaccine continue to buoy investor sentiment globally. At 9:16 am, the 30-scrip BSE Sensex was up by 371.84 points or 0.85 per cent at 44,164.17. Similarly, 50-scrip NSE Nifty was trading at 12,945.20, at 9:16 am, up by 86.15 points or 0.67 per cent.
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 flat during early hours on Tuesday tracking Asian peers which witnessed downside in early deals. At 10:15 am, the BSE SandP Sensex was up by 40 points or 0.1 per cent at 40,634 while the Nifty 50 gained by 23 points or 0.2 per cent at 11,954. Sectoral indices at the National Stock Exchange were mixed with thin margins with Nifty private bank down by 0.7 per cent and PSU bank by 0.6 per cent. But Nifty FMCG and IT rose by 0.5 per cent each. Among stocks, the early gainers were Dr Reddy's, Asian Paints, Eicher Motos, Kotak Mahindra Bank and Bharti Airtel.However, ICICI Bank fell by 2.3 per cent to Rs 394.75 per share while IndusInd Bank, Axis Bank and State Bank of India traded lower with thin margins.Meanwhile, Asian shares slipped despite a firmer Wall Street lead with a buoyant tech sector and fresh optimism about US stimulus expected to continue to support sentiment.
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 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.
What prompted Azim Premji, one of the richest Indians, to give away 92% of his wealth over the past two decades to a foundation meant for philanthropic work? We speak to the authors of his recent (unauthorized) biography, Sundeep Khanna and Varun Sood, to understand the businessman. The two former Mint journalists bring their rich experience as business journalists to bear in their book, Azim Premji: The Man Beyond the Billions, as they speak to several associates, employees and friends of the Bengaluru-based billionaire about his company, Wipro, the IT sector and philanthropy.
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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
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