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.
Equity benchmark indices opened in the red on Thursday with Sensex down by 282.75 points and Nifty down by 81.10 points. At 9:16 am, the 30-scrip BSE Sensex was down by 282.75 points or 0.64 per cent at 43,897.30. Similarly, 50-scrip NSE Nifty was trading at 12,857.15, at 9:16 am, down by 81.10 points or 0.63 per cent. Reliance share opened at 1,987.20 and recorded 2010 as high of the day till 9.40.
Bharatiya Kisan Union (BKU) farmers protested at MBD Mall in Ludhiana over farm laws and closed the reliance stores at the mall. Farmers in Punjab have been protesting against the three agriculture laws - The Farmers' Produce Trade and Commerce (Promotion and Facilitation) Act, 2020, and the Farmers (Empowerment and Protection) Agreement of Price Assurance and Farm Services Act, 2020, and The Essential Commodities (Amendment) Act, 2020- since they were passed by the Parliament. Recently, Punjab Assembly had passed a resolution rejecting three farm laws enacted by the central government with Chief Minister Captain Amarinder Singh, later leading a delegation to Governor VP Singh Badnore urging him to give his assent to three new bills by the assembly.
Equity benchmark indices shaved off early gains but closed in the positive zone on Thursday following a rally in IT stocks amid dynamic global cues. The BSE SandP Sensex closed 304 points or 0.76 per cent at 40,183 while the Nifty 50 gained by 96 points or 0.83 per cent at 11,835. Tata Consultancy Services rose by 3 per cent to Rs 2,819 per share after reporting 6.6 per cent sequential growth to Rs 7,475 crore in the July to September quarter. It also decided to buy back up to 2.2 billion dollars in shares. HCL Technologies and Infosys were up by 2.6 per cent each. Pharma major Cipla ticked up by 4.9 per cent, Sun Pharma by 2.3 per cent and Dr Reddy's by 1.9 per cent. However, energy majors GAIL and ONGC dipped by 3 per cent and 2.8 per cent respectively. Eicher Motors, ITC, Asian Paints and Reliance Industries too traded with a negative bias. Meanwhile, Asian shares climbed to a one-month high as renewed hopes for more US stimulus helped restore investor confidence. Japan's Nikkei added 0.96 per cent while South Korea's Kospi moved up by 0.21 per cent. But Hong Kong's Hang Seng fell by 0.56 per cent.
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.
Equity benchmark indices were volatile with a slight positive bias during early hours on Friday after the Reserve Bank of India's (RBI's) Monetary Policy Committee kept repo rate unchanged at 4 per cent and continue with accommodative stance. At 10:25 am, the BSE SandP Sensex was up by 113 points or 0.28 per cent at 40,296 while the Nifty 50 gained by 31 points or 0.26 per cent at 11,865. Except for Nifty FMCG, IT and realty, all sectoral indices at the National Stock Exchange were in the green with thin margins. Among stocks, Larsen and Toubro rose by 2.15 per cent to Rs 900 per share. Tata Steel moved up by 1.8 per cent, Cipla by 1 per cent and HCL Technologies by 0.9 per cent.Private lenders HDFC Bank and ICICI Bank ticked up by 0.9 per cent and 0.8 per cent respectively. However, those which lost were Hindustan Lever, Nestle India, Bajaj Auto, Tech Mahindra and Tata Consultancy Services.
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 opened in the green on Friday with Sensex up by 132.18 points and Nifty up by 17.55 points. At 9:15 am, the 30-scrip BSE Sensex was up by 132.18 points or 0.30 per cent at 43,732.14. Similarly, 50-scrip NSE Nifty was trading at 12,789.25, at 9:16 am, up by 17.55 points or 0.14 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 ticked up by over half per cent during early hours on Wednesday following mixed global cues amid uncertainty on US stimulus package and surging coronavirus cases. At 10:15 am, the BSE SandP Sensex was up by 282 points or 0.71 per cent at 39,857 while the Nifty 50 gained by 66 points or 0.57 per cent at 11,728. Most sectoral indices at the National Stock Exchange were in the red except for Nifty auto, FMCG and pharma. Among stocks, Reliance Industries jumped by 2.99 per cent to Rs 2,276.35 per share after the announcement a day earlier that Abu Dhabi Investment Authority (ADIA) will invest Rs 5,512 crore in its retail arm, becoming the latest marquee name to join a rush of global investors in the company. Titan moved up by 4.2 per cent, UPL by 2.3 per cent and ONGC by 1.8 per cent. Auto stocks also gained marginally with Maruti Suzuki, Mahindra and Mahindra, Hero MotoCorp, Bajaj Auto and Eicher Motors gaining by nearly 1 per cent each.
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. Among stocks, Wipro jumped by 5.5 per cent to Rs 330.25 per share, Tata Consultancy Services by 4.2 per cent, Infosys by 3 per cent, HCL Technologies by 2.1 per cent and Tech Mahindra by 1.6 per cent.The other prominent gainers were Tata Steel, JSW Steel, IndusInd Bank, ICICI Bank and Axis Bank. However, Mahindra and Mahindra, GAIL, ONGC, Asian Paints, Cipla and Bharti Airtel traded with a negative bias.
Equity benchmark indices witnessed smart gains on Tuesday led by a jump in financial, private bank and auto stocks while Asian stock markets rose to a two-week high. The bounce on bourses came after US President Donald Trump was discharged from hospital following treatment for Covid-19 and prospects for a fresh US stimulus package appeared to brighten. The BSE SandP Sensex closed 601 points or 1.54 per cent higher at 39,575 while the Nifty 50 gained by 159 points or 1.38 per cent at 11,662. Sectoral indices at the National Stock Exchange were mixed with Nifty financial service moving up by 3.1 per cent, private bank by 2.3 per cent and auto by 1.2 per cent. One of his doctors though cautioned that he may not be out of the woods yet. Japan's Nikkei added 0.52 per cent while Hong Kong's Hang Seng moved up by 0.9 per cent and South Korea's Kospi advanced by 0.34 per cent.
Equity benchmark indices wiped out early gains on Tuesday and closed in the red after a volatile trading session that saw metal stocks shining but IT scrips plunging. At the closing bell, the BSE S-P..