Equity indices dip on COVID worries, banking stocks suffer
Video Credit: ANI - Duration: 01:06s - Published
Equity indices dip on COVID worries, banking stocks suffer
Equity benchmark indices were on a downswing during early hours on April 05 amid worries over rapidly increasing Covid-19 cases in the country.
At 10:15 am, the BSE SandP Sensex was down by 1,046 points or 2.09 per cent at 49,984 while the Nifty 50 edged lower by 249 points or 1.67 per cent to 14,618.
Except for Nifty IT which jumped by 1.8 per cent, all other sectoral indices at the National Stock Exchange were in the red with Nifty private bank down by 2 per cent, PSU bank and financial service by 1.9 per cent each, realty by 1.4 per cent and auto by 0.8 per cent.
Among stocks, IndusInd Bank lost by 3.6 per cent to Rs 962.05 per share while Axis Bank was down by 2.4 per cent and ICICI Bank by 2.2 per cent.
State Bank of India fell by 2.3 per cent, Bajaj Finance by 3.6 per cent and Bajaj Finserv by 2 per cent.
Home loan lender dropped by 2.3 per cent to Rs 2,472.90 per unit.
However, IT software major Infosys was up by 2.5 per cent, Wipro by 2.2 per cent and HCL Technologies by 2 per cent.
Wipro, Britannia, JSW Steel and Cipla too traded with a positive bias.
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Market pressure persisted for the third consecutive session as key indices, including Sensex, Nifty, and Nifty Bank, witnessed notable declines. The midcap index closed in the red despite performing relatively better. Geopolitical tensions between Iran and Israel contributed to the market downturn. US stock futures dipped after major benchmarks suffered losses, while European and Asia-Pacific markets also experienced significant drops.
#Business #Businessnews #StockExchange #IranIsrael #Businessimpact #Sensex #Nifty #Gold #Businessupdates #Economy #Indianews #Oneindia #OneindiaNews
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As the Lok Sabha elections unfold, politicians are making bold moves and claims. From Tejashwi Yadav's orange video to Meesa Bharti's warning of jail time for PM Modi, the political drama is heating up. Rahul Gandhi vows to end poverty by promising to transfer ₹1 lakh annually to impoverished women. Stay tuned to Oneindia News for the latest election updates and global news.
#SBI #ElectoralBonds #ElectoralBondData #RTI #RTIAct #CJIChandrachud #Indianews #LokSabhaelections #Politics #Oneindia #Oneindianews
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State Bank of India (SBI) declines to disclose details of electoral bonds submitted to the Election Commission, citing the RTI Act. In response to RTI activist Commodore (retired) Lokesh Batra's request for complete disclosure of electoral bonds data in digital format, SBI refuses, following Supreme Court's order.
#SBI #ElectoralBonds #ElectoralBondData #RTI #RTIAct #CJIChandrachud #Indianews #LokSabhaelections #Politics #Oneindia #Oneindianews
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Dramatic exchanges unfolded in the Supreme Court today as a Constitution bench convened to hear petitions alleging that the State Bank of India (SBI) had provided incomplete data following the landmark verdict in the electoral bonds case. Advocates, including Mathews Nedumpara, engaged in heated discussions with Chief Justice of India DY Chandrachud during the proceedings.
#CJIChandrachud #LawyerRebuke #PollBonds #ElectoralBonds #SupremeCourt #LegalDrama #CourtroomExchange #JudicialProceedings #ViralVideo #SBI #Transparency #JudicialDecorum #LegalProtocol #CourtroomEtiquette #ConstitutionBench #ContemptOfCourt #ElectionCommission #PublicAccess #LegalProcedure #RuleOfLaw
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The Supreme Court dismissed the State Bank of India's plea for an extension to disclose electoral bond details, directing disclosure by March 12, 2024. This decision follows the court's ruling against the 2018 electoral bond scheme changes. SBI's confusion over matching exercises was clarified by the Chief Justice, emphasising the need for plain disclosure. Contempt proceedings may ensue if directives are not followed.
#SupremeCourt #StateBankofIndia #SBI #SBINews #ElectoralBonds #ElectoralBondScheme #Indianews #CJIChandrachud #Oneindia #Oneindianews
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