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Equity indices hold firm, pharma and financial stocks up

Video Credit: ANI - Duration: 01:16s - Published
Equity indices hold firm, pharma and financial stocks up

Equity indices hold firm, pharma and financial stocks up

Equity benchmark indices gained for the second consecutive day on Wednesday as heavy buying was witnessed in pharma and financial stocks.

The BSE SandP Sensex closed 622 points or 2.06 per cent higher at 30,819 while the Nifty 50 edged higher by 187 points or 2.11 per cent at 9,067.

All sectoral indices at the National Stock Exchange were in the positive zone with Nifty pharma up by 4.1 per cent, financial service by 3 per cent and realty by 2.2 per cent.

Home loan lender HDFC ticked up by 5.89 per cent, Mahindra and Mahindra by 5.7 per cent, Bharat Petroleum Corporation by 5.6 per cent and GAIL by 5.4 per cent.

Bajaj Finance rose by 3.8 per cent after the company reported a profit after tax of Rs 948 crore for the quarter ended March, marking a 19.4 per cent decline year-on-year on higher provisioning to offset Covid-19 impact.

Reliance Industries also ticked up 1.8 per cent as its Rs 53,000 crore mega issue opened today.

The other prominent gainers were GAIL, Larsen and Toubro, UPL and Eicher Motors.

However, Bharti Infratel plunged by 6.9 per cent while IndusInd Bank, Hero MotoCorp, Vedanta and Bharti Airtel traded with a negative bias.

Meanwhile, Asian markets traded mixed as diplomatic tensions between Australia and China escalated and new economic indicators pointed to more signs of recession.

Sceptical report dented some hopes for a COVID-19 vaccine and concerns about a quick global recovery from the pandemic returned.

A soft yen helped Japan's Nikkei to move up by 0.79 per cent.

Hong Kong's Hang Seng was up by 0.05 per cent and South Korea's Kospi edged up by 0.46 per cent.

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Reliance Industries Reliance Industries Indian multinational conglomerate company

Equity indices close in the green, Eicher Motors up 4.2 pc [Video]

Equity indices close in the green, Eicher Motors up 4.2 pc

Equity benchmark indices continued their upward momentum on Friday but the gains in IT and realty sectors were capped by PSU banks. At the closing bell, the BSE SandP Sensex was up by 178 points or 0.5 per cent at 36,021 while the Nifty 50 edged higher by 56 points or 0.53 per cent at 10,607. Sectoral indices at the National Stock Exchange were mixed with Nifty IT and realty gaining by 1 per cent each but PSU bank down by 0.9 per cent. Among stocks, Eicher Motors was up by 4.18 per cent at Rs 19,121 per share while Hero MotoCorp accelerated by 2.6 per cent, Bajaj Auto by 1.9 per cent and Tata Motors by 1.8 per cent. Adani Ports closed 4.1 per cent higher at Rs 361 per share. Tata Consultancy Services gained by 1.7 per cent while Bharti Airtel and Bharti Infratel were up by 4 per cent and 1.8 per cent respectively. Reliance Industries edged higher by 1.53 per cent to Rs 1,785.50 per share after Intel Corp said it will invest Rs 1,894 crore in Jio Platforms in exchange for a 0.39 per cent stake, the latest big-ticket investment in its digital unit. But metal stocks fell with JSW Steel and Tata Steel down by 1.7 per cent each and Hindalco by 1 per cent. IndusInd Bank, HDFC Bank, Bajaj Finance and Bajaj Finserv too traded with a negative bias. Meanwhile, Asian shares rallied to a four-month high on robust US payrolls data and a brisk pickup in Chinese service sector activity. Shanghai Composite closed 2.01 per cent higher. Japan's Nikkei rose by 0.72 per cent while Hong Kong's Hang Seng was up by 0.99 per cent.

Credit: ANI    Duration: 01:12Published
Opening stock: Equity indices in green on global cues, Tata Motors up 3.9% [Video]

Opening stock: Equity indices in green on global cues, Tata Motors up 3.9%

Equity benchmark indices rose marginally during early hours on July 03 in line with Asian peers with buying seen across IT and auto counters. At 10:15 am, the BSE S and P Sensex was up by 106 points or 0.29 per cent at 35,949 while the Nifty 50 edged higher by 43 points or 0.41 per cent at 10,594. Sectoral indices at the National Stock Exchange were mixed with Nifty IT gaining by 1 per cent, FMCG by 0.9 per cent and auto by 0.4 per cent. Among stocks, Tata Motors ticked up by 3.9 per cent at Rs 105.50 per share while Bajaj Auto rose by 2.1 per cent to Rs 2,941. Wipro and Tata Consultancy Services gained by 1.5 per cent each while HCL Technologies was up by 1.4 per cent. Reliance Industries edged higher by 0.83 per cent to Rs 1,775.15 per share after Intel Corp said it will invest Rs 1,894 crore in Jio Platforms in exchange for a 0.39 per cent stake, the latest big-ticket investment in its digital unit.

Credit: ANI    Duration: 01:01Published
Equity indices continue upward journey, LandT among top gainers [Video]

Equity indices continue upward journey, LandT among top gainers

Equity benchmark indices swung upward for the fourth consecutive day on Tuesday with buying across several counters. The BSE SandP Sensex closed 519 points or 1.49 per cent higher at 35,430 while the Nifty 50 edged higher by 160 points or 1.55 per cent at 10,471. Larsen and Toubro jumped by 6.73 per cent to Rs 968.50 per share after the engineering and construction multinational called for reduction in India's dependence on imported products, including those from China, and called for a feasible Make in India ecosystem. Shares of IndusInd Bank rose 6.5 per cent to Rs 521.90 after the private sector lender said that its promoter had acquired additional shares of the bank through open market purchases. Bajaj Finance rose by 9.2 per cent while NTPC was up by 5.7 per cent, Hindalco by 5.4 per cent, UPL by 3.8 per cent, Power Grid Corporation by 3.7 per cent and Axis Bank by 3.3 per cent. However, Reliance Industries dropped by 1.4 per cent to Rs 1,721.70 per share on profit booking along with Bharti Airtel, Vedanta and Maruti Suzuki. Meanwhile, Asian shares see-sawed in a wild ride following confusing statements from the White House over the US-China trade deal with President Donald Trump later clarifying the pact was fully intact. Hong Kong's Hang Seng climbed by 1.62 per cent and Japan's Nikkei added 0.5 per cent while South Korea's Kospi inched up by 0.21 per cent

Credit: ANI    Duration: 01:10Published

HDFC Bank HDFC Bank Indian banking and financial services company

Equity indices up on vaccine hopes, banking and financial stocks gain [Video]

Equity indices up on vaccine hopes, banking and financial stocks gain

Equity benchmark indices were up by nearly one per cent during early hours on July 02 tracking gains in Asian peers as investors hoped of a vaccine for COVID-19. At 10:15 am, the BSE SandP Sensex was up by 340 points or 0.96 per cent at 35,745 while the Nifty 50 edged higher by 97 points or 0.93 per cent at 10,527.All sectoral indices at the National Stock Exchange were in the positive zone with Nifty private bank gaining by 1.5 per cent, financial service and IT by 1.3 per cent each, and auto by 0.8 per cent.Among stocks, ONGC was the top gainer by moving up 3.4 per cent to Rs 83.20 per share. IndusInd Bank and HDFC Bank rose by 2.5 per cent and 1.9 per cent respectively.The other prominent gainers were Mahindra and Mahindra, Hero MotoCorp, Infosys, Wipro and Grasim. Among those in the red zone were UPL, Hindustan Lever, Britannia, Maruti Suzuki and Eicher Motors.

Credit: ANI    Duration: 01:50Published
Opening bell: Equity indices in positive zone, Tata Steel gains 4.7% [Video]

Opening bell: Equity indices in positive zone, Tata Steel gains 4.7%

Equity benchmark indices were in the positive territory during early hours on June 30 amid strong global cues after data showed that China's manufacturing sector grew more than expected in June. At 10:15 am, the BSE SandP Sensex was up by 225 points or 0.63 per cent at 35,186 while the Nifty 50 edged higher by 64 points or 0.62 per cent at 10,377.Sectoral indices at the National Stock Exchange were mixed with Nifty metal gaining by 2.1 per cent and realty by 1.3 per cent. Among stocks, Tata Steel edged higher by 4.75 per cent to Rs 336.10 per share while Hindalco was up by 3.2 per cent and JSW Steel by 2 per cent. The other prominent gainers were UPL, ICICI Bank, NTPC, Britannia and HDFC. Among those in the red zone were Sun Pharma, Dr Reddy's, Tata Consultancy Services, Infosys, GAIL and Power Grid Corporation.

Credit: ANI    Duration: 01:30Published
Equity indices flat in volatile trade, IT stocks in focus on H1B visa ban [Video]

Equity indices flat in volatile trade, IT stocks in focus on H1B visa ban

Equity benchmark indices wobbled through volatile trade during early hours on Tuesday as gains in financial and FMCG stocks were offset by losses in IT stocks. The Trump administration on Monday extended the freeze on the issuance of green cards for new immigrants and suspended a range of work visas for foreigners, including all H-1B and H-4 till the year-end. At 10:15 am, the BSE S-P Sensex was up by 78 points or 0.22 per cent at 34,990 while the Nifty 50 edged higher by 39 points or 0.38 per cent at 10,351. Most sectoral indices at the National Stock Exchange were in the positive terrain but with negligible margins. Among stocks, the losers included Tata Consultancy Services, Bharti Airtel, HDFC Bank, ICICI Bank, Reliance Industries and Vedanta.

Credit: ANI    Duration: 01:18Published

NIFTY 50 NIFTY 50 Indian stock market and benchmark index


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


Mahindra & Mahindra Mahindra & Mahindra Indian multinational automotive industry manufacturer.

Sensex closes 180 points up, Glenmark Pharma jumps 27 pc [Video]

Sensex closes 180 points up, Glenmark Pharma jumps 27 pc

Equity benchmark indices wiped out early gains but closed over half a per cent higher on Monday led by gains in banking, pharma and metal stocks. The rising tension between India and China besides a spike in fresh COVID-19 cases turned investors cautious. At the closing bell, the BSE S-P Sensex was up by 180 points or 0.52 per cent at 34,911 while the Nifty 50 edged higher by 67 points or 0.65 per cent at 10,311. Among stocks, Glenmark Pharmaceuticals surged by 27.06 per cent to Rs 519.80 per share after it became the first pharmaceutical company in India to receive regulatory approval to make and sell oral antiviral drug favipiravir for treating mild-to-moderate COVID-19 infections. Cipla's stock jumped by 2.9 per cent to Rs 655.80 per unit after it announced the launch of remdesivir under its brand name Cipremi. Bajaj Auto gained by 7 per cent while Bajaj Finance and Bajaj Finserv climbed up by 5.9 per cent and 4.7 per cent respectively. Kotak Mahindra Bank gained by 4.4 per cent to close at Rs 1,360 per share. However, those which lost were Wipro, Infosys, Tata Consultancy Services, Mahindra and Mahindra, GAIL, ONGC and HDFC. Meanwhile, Asian stocks held flat while trying to shake off worries that rising coronavirus cases in the United States could slow down a quick economic rebound from the downturn triggered by the pandemic. Japan's Nikkei fell by 0.18 per cent while mainland Chinese stocks dropped by 0.08 per cent and Hong Kong's Hang Seng fell by 0.54 per cent.

Credit: ANI    Duration: 01:15Published
Sensex dips by 97 points amid rising geopolitical tensions [Video]

Sensex dips by 97 points amid rising geopolitical tensions

Geopolitical tensions between India and China at the Ladakh border curbed investors risk appetite, leading equity benchmark indices to close with slight cuts on Wednesday. The bourses experienced bouts of volatility while the economy opens up after extended lockdowns and COVID-19 cases continue to rise across the country. At the closing bell, the BSE SandP Sensex was down by 97 points or 0.29 per cent at 33,508 while the Nifty 50 edged lower by 33 points or 0.33 per cent at 9,881. Sectoral indices at the National Stock Exchange were mixed. Among stocks, Bharti Infratel plunged by 4.5 per cent to Rs 206.30 per share. Kotak Mahindra Bank dipped by 2.3 per cent, ITC by 2.2 per cent, Mahindra and Mahindra by 1.9 per cent and Hindalco by 1.6 per cent.

Credit: ANI    Duration: 01:26Published
Equity indices flat in early trading amid rising geopolitical tensions [Video]

Equity indices flat in early trading amid rising geopolitical tensions

Equity benchmark indices were subdued during early hours on Wednesday amid escalating border tensions between India and China and surge in COVID-19 cases. At 10:15 am, the BSE SandP Sensex was up by 83 points or 0.25 per cent at 33,689 while the Nifty 50 edged higher by 22 points or 0.22 per cent at 9,936. Sectoral indices at the National Stock Exchange were mixed with Nifty PSU bank down by 0.9 per cent but realty up by 1 per cent. Among stocks, the gainers included Maruti Suzuki, Tech Mahindra, Wipro, Britannia, Tata Steel and Axis Bank. However, Bharti Infratel, Power Grid Corporation, Mahindra and Mahindra, Hero MotoCorp and State Bank of India were in the negative zone. Meanwhile, Asian share markets took a breather as a resurgence of coronavirus cases challenged market confidence in a rapid economic recovery. Japan's Nikkei eased by 0.7 per cent after jumping almost 5 per cent a day earlier for its biggest daily gain in three months. MSCI's broadest index of Asia Pacific shares outside Japan went flat, having climbed 2.8 per cent the previous day with most markets across the region little changed.

Credit: ANI    Duration: 01:23Published
Vandoorne wins Formula E's virtual 'Race at Home Challenge' [Video]

Vandoorne wins Formula E's virtual 'Race at Home Challenge'

Stoffel Vandoorne came second in the Grand Final to finish top overall, as Pascal Wehrlein's title hopes were dashed by an opening lap pile-up.

Credit: Reuters - Sports    Duration: 02:54Published

Hang Seng Index Hang Seng Index Stock market index in Hong Kong

Equity indices in red after RBI rate cut, banking stocks down as loan moratorium extended [Video]

Equity indices in red after RBI rate cut, banking stocks down as loan moratorium extended

Equity benchmark indices closed lower on Friday due to underperformance by banking and financial stocks as the Reserve Bank of India forecast contraction in H1 FY21 GDP growth, cut repo rate by 40 basis points to inject liquidity and extended the loan repayment moratorium by another three months up to August 31. The central bank also increased the group exposure limit of banks from 25 to 30 per cent of eligible capital base for enabling corporates to meet their funding requirements from banks. The increased limit will be applicable up to June 30 next year. The measures did not cheer investors who believed the extension of moratorium is good for the economy but in substance will negatively impact banks and non-banking finance companies. At the closing bell, the BSE S and P Sensex was down by 260 points or 0.84 per cent at 30,673 while the Nifty 50 edged lower by 67 points or 0.74 per cent at 9,039. Except for Nifty pharma, IT and auto, all sectoral indices at the National Stock Exchange were in the red with Nifty financial service down by 3 per cent, private bank by 2.8 per cent, metal by 1.8 per cent and realty by 1.1 per cent. As investors worried over the possible loan repayment delays and defaults, Axis Bank plunged by 5.2 per cent to Rs 338.60 per share. ICICI Bank dipped by 3.9 per cent and HDFC Bank slipped by 1.9 per cent while Bajaj Finance and Bajaj Finserv lost by 4.5 and 4.6 per cent respectively. Home loan lender HDFC too dropped by 5.1 per cent to Rs 1,515.85 per share. Metal majors Hindalco, Tata Steel and JSW Steel cracked by 3.9 per cent, 3 per cent and 2.3 per cent respectively while Bajaj Auto skidded by 3 per cent. However, those which gained were Mahindra and Mahindra, Cipla, Infosys, Asian Paints, Britannia and Tech Mahindra. Meanwhile, Hong Kong shares tumbled after China moved to impose a new security law on the city after last year's pro-democracy unrest. That raised the prospect of further straining US-China ties. Hong Kong's Hang Seng index fell by 5.56 per cent to a seven-week low.

Credit: ANI    Duration: 01:14Published

Bharat Petroleum Bharat Petroleum Indian oil and gas company

Equity indices end flat after choppy trade, energy stocks lose [Video]

Equity indices end flat after choppy trade, energy stocks lose

Equity benchmark indices underwent bouts of volatility on Tuesday but ended flat despite strong global cues after data showed that China's manufacturing sector grew more than expected in June. At the closing bell, the BSE S and P Sensex was down by 46 points or 0.13 per cent at 34,916 while the Nifty 50 edged lower by 10 points or 0.1 per cent at 10,302. Sectoral indices at the National Stock Exchange were mixed with Nifty PSU losing by 1.7 per cent and pharma by 1.5 per cent. Among stocks, Bharat Petroleum Corporation was down by 2.5 per cent to close at Rs 373.75. Power Grid Corporation fell by 1.9 per cent, GAIL by 1.8 per cent, Indian Oil Corporation by 1.7 per cent, Coal India by 1.2 per cent and ONGC by 1 per cent.

Credit: ANI    Duration: 01:19Published
Equity indices slip amid selling pressure in auto, financial sectors [Video]

Equity indices slip amid selling pressure in auto, financial sectors

Equity benchmark indices traded lower during early hours on Friday as selling pressure built up in auto and financial sectors. A day earlier, Union Finance Minister Nirmala Sitharaman had unveiled details of the second tranche of Rs 20 lakh crore economic package with a focus on migrant workers, street vendors and small farmers. There was no positive impact of that in today's trading as investors remained concerned about the economic fallout of coronavirus pandemic even as businesses and cities readied to open up after the countrywide lockdown is lifted in phases. At 10:15 am, the BSE SandP Sensex was down by 249 points or 0.8 per cent at 30,874 while the Nifty 50 edged lower by 61 points or 0.67 per cent at 9,082. Except for Nifty metal which was up by 1.2 per cent, all sectoral indices at the National Stock Exchange were in the negative zone with Nifty auto down by 1.4 per cent, private bank by 1 per cent and financial service by 0.6 per cent. Auto stocks suffered the most with Mahindra and Mahindra down by 4 per cent to Rs 384.15 per share. Maruti slipped by 2.1 per cent, Hero MotoCorp by 1.8 per cent and Eicher Motors by 1.4 per cent. Private lenders Axis Bank and ICICI Bank fell by 1.5 per cent and 1.4 per cent respectively while HCL Technologies, Tata Consultancy Services and UPL traded with a negative bias. However, those which showed marginal gains were Bharat Petroleum Corporation, ONGC, Tata Steel, Hindalco and Britannia. Meanwhile, Asia's stock markets were flat as traders remained concerned about the possibility of a second wave of coronavirus infections across the globe. Japan's Nikkei was up by 0.27 per cent while Hong Kong's Hang Seng crawled up by 0.3 per cent and South Korea's Kospi ticked up by 0.1 per cent.

Credit: ANI    Duration: 01:03Published

Hero MotoCorp Hero MotoCorp Indian motorcycle and scooter manufacturer

Equity indices close in the red, private banks drag [Video]

Equity indices close in the red, private banks drag

Equity benchmark indices slipped over 1.5 per cent during the afternoon session on Wednesday as heavy selling was witnessed in banking stocks. The BSE SandP Sensex closed 561 points or 1.58 per cent lower at 34,869 while the Nifty 50 dropped by 166 points or 1.58 per cent at 10,305. Except for Nifty FMCG, all sectoral indices at the National Stock Exchange were in the negative terrain with Nifty private bank down by 4 per cent, financial service by 2.9 percent, and realty by 2.6 per cent and pharma by 2.4 per cent. Among stocks, ICICI Bank tumbled by 7.1 per cent to wind up the day at Rs 349.35 per share. IndusInd Bank dropped by 6.6 per cent and Axis Bank by 4.1 per cent while State Bank of India slipped by 4.1 per cent. The other prominent losers were Power Grid Corporation, Hindalco, Cipla, NTPC and Bajaj Finserv. However, Asian Paints added gains of 3.8 per cent to close at Rs 1,748 per share. FMCG major ITC was up by 3.3 per cent and Nestle India by 1.1 per cent while auto majors Eicher Motors, Hero MotoCorp and Tata Motors added marginal gains.

Credit: ANI    Duration: 01:15Published

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