Closing Bell: Sensex jumps 380 points on US stimulus package cheer
Video Credit: ANI - Duration: 01:21s - Published
Closing Bell: Sensex jumps 380 points on US stimulus package cheer
Equity benchmark indices closed at fresh lifetime highs on December 28 amid positive global cues after US President Donald Trump signed into law a USD 2.3 trillion pandemic aid and spending package.
The BSE SandP Sensex wound up the day 380 points or 0.81 per cent higher at 47,354 while the Nifty50 advanced by 124 points or 0.9 per cent to 13,873.
Except for Nifty pharma, which dipped marginally, all sectoral indices at the National Stock Exchange were in the green with Nifty PSU bank rising by 2.7 per cent, realty by 2.6 per cent, metal by 2.5 per cent and auto by 1 per cent.
Among stocks, Tata Motors jumped by 5.6 per cent to Rs 185.80 per share after the United Kingdom and European Union negotiators finalised a historic post-Brexit trade agreement.
U.S. conservatives praised Donald Trump at an annual gathering on Friday, even unveiling a golden statue of the former president, showing he remains a Republican political force despite violent scenes in Washington last month.
Former U.S. Secretary of State Mike Pompeo was among the prominent Trump loyalists to speak at the Conservative Political Action Conference in Orlando, Florida, on Saturday, which the former president will address on Sunday.
Equity benchmark indices cracked by nearly 1.5 per cent during early hours on Friday tracking similar feeble trend in global markets amid continued sell-off in bond markets. At 10:15 am, the BSE SandP Sensex was down by 802 points or 1.57 per cent at 50,238 while the Nifty 50 tumbled by 227 points or 1.5 per cent to 14,870. Among stocks, IndusInd Bank slipped by 3.8 per cent to Rs 1,067.25 per share. ICICI Bank and Axis Bank ticked lower by 3 per cent, HDFC Bank by 2.6 per cent and Kotak Mahindra Bank by 2.2 per cent. The other major losers were Bajaj Finance, Bajaj Finserv, HDFC, GAIL and UPL. However, Maruti Suzuki gained by 1.5 per cent. Pharma majors Dr Reddy's and Sun Pharma were up by 1.3 per cent and 1.1 per cent respectively. Meanwhile, Asian stocks skidded to one-month lows as a rout in global bond markets sent yields flying and spooked investors amid fears the heavy losses suffered could trigger distressed selling in other assets. Chinese blue chips joined the retreat with a drop of 2.5 per cent.
Equity benchmark indices edged higher during early hours on Thursday on the back of favourable global cues amid optimism over economic recovery and the government's privatisation plans. At 10:15 am, the BSE SandP Sensex was up by 414 points or 0.82 per cent at 51,196 while the Nifty 50 ticked up by 142 points or 0.9 per cent to 15,124. Among stocks, Hindalco was up by 4.7 per cent to Rs 348.55 per share while Tata Steel advanced by 2.4 per cent to Rs 745.50 and JSW Steel by 2.2 per cent to Rs 416.80. Axis Bank was up by 3.5 per cent, IndusInd Bank by 3.4 per cent, Tata Consultancy Services by 2.7 per cent and Dr Reddy's by 2.4 per cent. However, FMCG stocks did not fare well with Nestle India down by 1 per cent. Hindustan Unilever, Britannia, Titan, Eicher Motors and Mahindra and Mahindra were also in the negative zone. Meanwhile, Asian stocks jumped after US Federal Reserve Chair Jerome Powell reaffirmed interest rates will stay low for a long time. That calmed market fears that higher inflation may prompt the central bank to tighten the monetary spigot. MSCI's ex-Japan Asia Pacific shares index rose by 1 per cent while Japan's Nikkei gained by 1.6 per cent.
Equity benchmark indices moved up marginally during early hours on Tuesday but remained under pressure amid growing concerns over the spread over Covid-19 infections in Maharashtra. At 10:15 am, the BSE S-P Sensex was up by 226 points or 0.45 per cent at 49,970 while the Nifty 50 edged ticked up by 65 points or 0.44 per cent to 14,740. Except for Nifty pharma, all sectoral indices at the National Stock Exchange were in the green zone with Nifty realty gaining by 3 per cent, metal by 1.3 per cent and PSU bank by 1.2 per cent. Among stocks, DLF was up by 4 per cent to Rs 305.25 per share while Godrej Properties advanced by 2.6 per cent to Rs 1,485. Energy major ONGC jumped by 6.4 per cent to Rs 113.15 per share.
Bears were on rampage at the bourses with frontline benchmark indices collapsing on Monday as traders resorted to heavy selling in auto, IT and public sector bank stocks. Market experts said the rise in fuel prices across international markets followed by its reverberations in domestic markets along with higher inflation expectations dampened the investor sentiment. Uptick in Covid-19 infections across Maharashtra and Kerala also led to profit booking by traders on a day of volatality. The BSE SandP Sensex closed 1,145 points or 2.25 per cent down at 49,744 while the Nifty 50 edged lower by 306 points or 2.04 per cent to 14,676. Except for Nifty metal, which moved up by 1.6 per cent, all other sectoral indices at the National Stock Exchange were in the red with Nifty IT and realty down by 2.8 per cent each, PSU bank by 2.6 per cent, pharma by 2.5 per cent and auto by 2.2 per cent. Among stocks, Eicher Motors crashed by 5 per cent to Rs 2,453 per share while Mahindra and Mahindra sank by 4.7 per cent to Rs 837.90. Maruti Suzuki skidded by 3.3 per cent to close at Rs 7,087.15 per share. Tech Mahindra lost by 4.6 per cent, Dr Reddy's by 4.4 per cent, Axis Bank by 4 per cent, IndusInd Bank by 3.9 per cent and SBI Life by 3.8 per cent. Index heavyweight Reliance Industries dipped by 3.8 per cent and wound up the day at Rs 2,000.10 per share. However, metal stocks gained substantially with JSW Steel up by 2.3 per cent, Hindalco by 2 per cent and Tata Steel by 1.4 per cent. Besides, Adani Ports, ONGC, HDFC Bank, Britannia, Hero MotoCorp and Asian Paints traded higher.
Equity benchmark indices cracked further on Friday amid weak Asian cues with banking and auto majors taking a hit. The BSE S-P Sensex closed 435 points or 0.85 per cent lower at 50,890 while the Nifty 50 edged slipped by 137 points or 0.91 per cent to 14,982. All sectoral indices at the National Stock Exchange were in the red with Nifty PSU bank down by 4.7 per cent, auto by 2.6 per cent and metal by 1.9 per cent. Among stocks, Hero MotoCorp lost by 3.7 per cent to Rs 3,390.75 per share while Tata Motors skidded by 3.5 per cent, Bajaj Auto by 2.7 per cent and Eicher Motors by 2.5 per cent.
Equity benchmark indices were subdued during early hours on Friday amid weak global cues with auto majors taking a hit. At 10:15 am, the BSE SandP Sensex was down by 38 points or 0.07 per cent at 51,287 while the Nifty 50 edged lower by 44 points or 0.29 per cent to 15,075.Sectoral indices at the National Stock Exchange were mixed with Nifty auto down by 1.1 per cent, metal by 0.9 per cent and IT by 0.5 per cent. But Nifty PSU bank and FMCG rose by 0.5 per cent each. Among stocks, Tata Motors lost by 2.1 per cent to Rs 316.85 per share while Hero MotoCorp skidded by 2 per cent, Eicher Motors by 1.9 per cent and Bajaj Auto by 1.6 per cent.
Equity benchmark indices closed over one per cent higher on Monday amid upbeat news on corporate earnings, economic data and updates on vaccination drive. Market experts said foreign portfolio investors have continued to buy Indian securities as the Union Budget 2021 sparked a strong rally, and there seems to be no reason for them to slow down. The BSE SandP Sensex closed by 617 points or 1.22 per cent at 51,349 while the Nifty 50 edged higher by 192 points or 1.28 per cent to 15,116.Except for Nifty FMCG and PSU bank which dipped slights, all other sectoral indices at the National Stock Exchange were in the green with Nifty auto up by 3.2 per cent, metal by 3.1 per cent, IT by 2.1 per cent, realty by 2 per cent and private bank by 1 per cent. Among stocks, Mahindra and Mahindra moved up by 7.3 per cent to Rs 929.20 per share while Tata Motors accelerated by 6.4 per cent to Rs 336.15.Metal stocks too gained substantially with Hindalco moving up by 6.1 per cent and JSW Steel by 3.4 per cent. The other major gainers were GAIL, Adani Ports, Bajaj Finserv, Infosys and Bharti Airtel. However, those which lost were Britannia, Hindustan Unilever, Bajaj Finance, Bajaj Auto, Cipla and Sun Pharma.
The United Nations body on climate change on Friday released an initial synthesis report on updated climate actions of various countries, pointing out that their.. IndiaTimes
EU leaders met virtually this week to take stock of the epidemiological situation across the continent, as sanctions against Russia were agreed upon by foreign affairs ministers.
Former British Prime Minister, David Cameron on protecting the world’s most fragile states, the possibility of covid vaccine passports and post-Brexit troubles
UK PM Boris Johnson has told farmers the sector can be more profitable and productive, now that it is free of the ‘shackles’ of the EU’s common agricultural policy, but some have serious worries.
Credit: Al Jazeera STUDIO Duration: 02:39Published
Boris Johnson said Brexit would enable the City of London to 'prosper as never before'. But the winners so far are the likes of Amsterdam, Dublin, Frankfurt and Paris.
Credit: euronews (in English) Duration: 02:16Published
Equity benchmark indices on December 30 extended their winning streak to sixth straight day after bouncing between gains and losses through the trading session. The BSE S and P Sensex closed 133 points..
Equity benchmark indices hit fresh highs during early hours on Monday amid positive global cues after US President Donald Trump signed into law a 2.3 trillion dollar pandemic aid and spending package...
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