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Equity indices up 1 pc, energy and IT stocks gain

Video Credit: ANI - Duration: 01:11s - Published
Equity indices up 1 pc, energy and IT stocks gain

Equity indices up 1 pc, energy and IT stocks gain

Equity benchmark indices were in the positive terrain during early hours on Tuesday with energy and IT stocks witnessing substantial gains amid positive global trends.

At 10:15 am, the BSE S and P Sensex was up by 514 points or 1.03 per cent at 50,364 while the Nifty 50 ticked up by 154 points or 1.03 per cent to 14,915.

All sectoral indices at the National Stock Exchange were in the green with Nifty IT up by 2.1 per cent, realty by 0.9 per cent and private bank by 0.7 per cent.

Among stocks, Bharat Petroleum Corporation rose by 5.4 per cent to Rs 479.85 per share after the company said it will exit Numaligarh refinery in Assam by selling its entire stake to a consortium of Oil India Ltd and Engineers India Ltd for Rs 9,876 crore.

Power utility NTPC was up by 3.7 per cent to Rs 112.45 while IndianOil Corporation edged higher by 3.2 per cent to Rs 103.95.

IT majors Wipro, Infosys, Tech Mahindra and Tata Consultancy Services were traded higher by about 2 per cent.

However, ONGC fell by 1.3 per cent to Rs 115.55 per share.

Hindalco, HDFC, Eicher Motors, Kotak Mahindra Bank and Dr Reddy's traded with a negative bias.

Meanwhile, Asia extended the global rally in stocks as a halt in a recent bond markets sell-off eased investor nerves and lifted riskier assets.

MSCI's broadest index of Asia Pacific shares outside Japan firmed by 0.97 per cent while Japan's Nikkei was slightly down by 0.12 per cent.

Chinese blue-chips gained by 0.58 per cent while Hong Kong's Hang Seng advanced by 0.9 per cent, helped by steady and robust demand from investors in mainland China for shares in the Asian financial hub.


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Equity benchmark indices traded within a narrow range on Friday as surging Covid cases became an area of serious concern with several cities declaring night curfews Market experts said unless this second wave peaks soon and subsides, economic activity will be impacted and uncertainty will weigh on investor sentiments. The BSE SandP Sensex closed 155 points or 0.31 per cent lower at 49,591 while the Nifty 50 slipped by 39 points or 0.26 per cent to 14,835. Sectoral indices at the National Stock Exchange were mixed with Nifty private bank down by 0.9 per cent and financial service by 0.7 per cent. But Nifty PSU bank rose by 2 per cent and pharma by 3 per cent. Among stocks, Axis Bank closed 2 per cent lower at Rs 668.05 per share while ICICI Bank lost by 1.8 per cent to Rs 565.95. Bajaj Finance skidded by 3 per cent to close at Rs 4,878 per share. UPL, UltraTech Cement, Tata Steel, NTPC, Coal India and IndianOil Corporation too were in the negative zone. However, pharma major Cipla jumped by 5.3 per cent to Rs 836.95 per share. Sun Pharma too gained by 3.5 per cent and Dr Reddy's by 1.6 per cent. The other prominent winners were Hindustan Lever, Tech Mahindra, Wipro, Tata Motors, JSW Steel and Titan. Meanwhile, Asian equities were in a choppy trading session after technology stocks lifted the SandP 500 to a new record. Investors weighed an unexpected rise in the number of Americans filing new claims for unemployment benefits. Japan's Nikkei was up by 0.2 per cent but Hong Kong's Hang Seng index rolled down by 1.07 per cent. South Korea's Kospi too fell by 0.36 per cent.

Credit: ANI    Duration: 01:24Published
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Equity benchmark indices gained nearly one per cent on Wednesday as the Reserve Bank of India kept repo rate unchanged at 4 per cent and maintained 10.5 per cent growth projection for FY22. Moreover, the International Monetary Fund has projected India's GDP to grow at 12.5 per cent in FY22. The BSE SandP Sensex closed 460 points or 0.94 per cent higher at 49,662 while the Nifty 50 edged higher by 136 points or 0.92 per cent to 14,819. All sectoral indices at the National Stock Exchange were in the positive terrain with Nifty PSU bank up by 2 per cent, auto by 1.4 per cent, financial service by 1.1 per cent and IT by 1 per cent. Among stocks, JSW Steel was up by 5.3 per cent to Rs 566.10 per share. State Bank of India gained by 2.2 per cent, SBI Life by 2.1 per cent and ICICI Bank by 1.9 per cent The other prominent winners were Britannia, Nestle India, Bajaj Auto, Hero MotoCorp, Wipro and Bharti Airtel. However, Adani Ports fell by 1.9 per cent to close at Rs 819 per share. The others which lost were Titan, Tata Consumer Products, UPL, Hindustan Lever and Tata Motors. Meanwhile, a gauge of Asian shares climbed to three-week highs as investors eyed the upcoming earnings season for further signs of a global economic recovery. Besides, the IMF raised its global growth forecast to 6 per cent this year from 5.5 per cent, reflecting a rapidly brightening outlook for the US economy. MSCI's broadest index of Asia Pacific shares outside of Japan was up by 0.3 per cent for its second straight day of gains. Japan's Nikkei was 0.12 per cent higher while South Korea's Kospi added 0.33 per cent. Hong Kong's Hang Seng index fell by 0.91 per cent as technology stocks dipped.

Credit: ANI    Duration: 01:12Published
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Credit: ANI    Duration: 01:06Published

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Equity benchmark indices ticked up marginally during early hours on Tuesday tracking similar trends in Asian markets. At 10:15 am, the BSE S and P Sensex was up by 411 points or 0.86 per cent at 48,294 while the Nifty 50 edged higher by 131 points or 0.91 per cent to 14,442. Except for Nifty IT which dropped by 1.5 per cent, all other sectoral indices at the National Stock Exchange were in the green with Nifty PSU bank up by 3 per cent, private bank by 1.4 per cent, auto by 2.4 per cent and FMCG by 0.9 per cent. Among stocks, energy major ONGC moved up by 4 per cent to Rs 102 per share. Bajaj Finserv and Bajaj Finance gained by 3.8 per cent and 2.6 per cent respectively.

Credit: ANI    Duration: 01:33Published
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Credit: ANI    Duration: 01:17Published

NIFTY 50 NIFTY 50 Indian stock market index

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Credit: ANI    Duration: 01:05Published
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Equity benchmark indices plummeted by 3.5 per cent on Monday as the country recorded a massive surge of 1.69 lakh COVID-19 cases in the past 24 hours. Investors worried about the economic fallout of fresh restrictions announced by several state governments. Market analysts said a complete lockdown will derail the pace of nascent economic recovery. The panic selling on Black Monday reportedly led to investor wealth tumbling by nearly Rs 8 lakh crore on BSE Ltd. The BSE SandP Sensex closed 1,708 points or 3.44 per cent lower at 47,883 while the Nifty 50 tumbled by 524 points or 3.53 per cent to 14,311. All sectoral indices at the National Stock Exchange were in the red with Nifty PSU bank down by 9.2 per cent, private bank by 5.2 per cent, realty by 7.5 per cent, metal by 6 per cent and auto by 5.1 per cent.

Credit: ANI    Duration: 01:11Published
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Equity benchmark indices dipped sharply during early hours on Monday as the country recorded a massive surge of 1.69 lakh COVID-19 cases in the past 24 hours and curbs were imposed in different regions to contain the spread of virus. At 10:15 am, the BSE S-P Sensex was down by 1,231 points or 2.48 per cent at 48,360 while the Nifty 50 tumbled by 348 points or 2.34 per cent to 14,487. Except for Nifty pharma, all other sectoral indices at the National Stock Exchange were in the red with Nifty PSU bank down by 6.5 per cent, private bank by 4 per cent, realty by 5.4 per cent, auto by 3.8 per cent and metal by 2.5 per cent. Among stocks, IndusInd Bank cracked by 6.8 per cent to Rs 860.20 per share while Kotak Mahindra Bank lost by 3.97 per cent to Rs 1,728.75. State Bank of India was down by 5.7 per cent to Rs 332.60.

Credit: ANI    Duration: 01:45Published

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BSE Ltd (earlier known as Bombay Stock Exchange) and National Stock Exchange (NSE) of India were closed on March 11 on account of Maha Shivratri. Wholesale commodity markets including bullion and metals were also shut. There was no trading in foreign exchange and commodity futures markets as well. A day earlier, the BSE S-P Sensex closed 254 points or 0.5 per cent higher at 51,280 while the Nifty 50 ticked up by 76 points or 0.51 per cent to 15,175. On the sectoral front, Nifty IT was up by 1.4 per cent, auto by 1.3 per cent and realty by 1.2 per cent. Meanwhile, Asian stocks extended their rebound from a two-month low on Thursday after a report on US consumer prices calmed concerns about inflation.

Credit: ANI    Duration: 01:11Published

Engineers India Engineers India Public Sector Undertaking in India


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National Stock Exchange of India National Stock Exchange of India Stock exchange in Mumbai


Numaligarh Numaligarh town in Assam, India


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