Sensex rises nearly 200 pts, Nifty tests 12,250
Business | Jan 10, 2020, 10:26 AM ISTEquity benchmark BSE Sensex jumped nearly 200 points in early trade on Friday led by gains in IT and banking stocks amid easing geopolitical tensions.
Equity benchmark BSE Sensex jumped nearly 200 points in early trade on Friday led by gains in IT and banking stocks amid easing geopolitical tensions.
Investors became richer by over Rs 11 lakh crore in 2019 helped by a stupendous rally in the stock market where the benchmark Sensex clocked over 14 per cent gains on an annual basis.
While the banking, financial services and insurance (BFSI) sector has the largest share in cyber security expenditure, demand in the government sector is expected to reach $581 million by 2022, at a growth rate of 13.8 per cent CAGR, according to the "Cyber Security India Market" report.
Equity benchmark BSE Sensex jumped over 100 points in early trade on Monday led by gains in index heavyweights RIL and ICICI Bank amid positive cues from global markets.
The Kolkata-based company, which operates in 11 "low- income" states in east, northeast and central India, will, instead, focus on raising around Rs 1,800 crore in an external round of borrowing, he said
On the currency front, the rupee depreciated 15 paise (intra-day) against the US dollar to trade at 72.24 in early session. Brent futures, the global oil benchmark, rose 0.35 per cent to USD 62.59 per barrel.
Market benchmarks Sensex and Nifty started on a tepid note on Monday weighed down by a sharp fall in other Asian equities amid uncertainty over US-China trade deal and escalating political issues in Hong Kong.
Onion prices are expected to come down in the coming days, especially after Diwali, as the fresh stock has started to arrive from Madhya Pradesh and Rajasthan.
Shares of Indiabulls Ventures and Indiabulls Real Estate rallied on Wednesday on share buyback plans. On the BSE, Indiabulls Ventures stock hit its upper price level at Rs 109.85 during the day and settled at Rs 109.10, up 9.21 per cent from the previous close.
The Department of Horticulture, Planning and Marketing on Tuesday revised prices of Apples in the state of Jammu and Kashmir according to the fruit grade and type of packaging material under Market Intervention Scheme (MIS).
RBI's interest rate decision, macroeconomic data points and global cues would be the key driving factors for the equity market in the holiday-shortened week ahead, say analysts. Markets would remain closed on Wednesday for 'Mahatma Gandhi Jayanti'.
Equity benchmark BSE Sensex and NSE Nifty started on a volatile note on Friday, tracking weak cues from global markets as concerns over US political uncertainty kept investors on edge.
Prohibited pulses such as peas have joined the list of items being smuggled into the country from Nepal and Bangladesh, and these are flooding the Indian market in large quantities.
Equity benchmark BSE Sensex sank over 300 points in early session on Wednesday, dragged by losses in banking, IT and auto stocks amid negative global cues and foreign fund outflow.
Domestic equity benchmark BSE Sensex rebounded over 100 points in early session on Friday, driven by gains banking, auto and IT stocks amid positive domestic and global cues.
With just over three months to go for the year-end, only 11 companies have hit the capital markets so far in 2019 garnering over Rs 10,000 crore through initial share sales, much lower than 24 firms raising Rs 30,959 crore in entire 2018.
On the other hand, the broader 50-scrip Nifty at National Stock Exchange (NSE) opened at 11,322.45 points after closing at 11,331.05 points.
Markets regulator Sebi has slapped a fine of Rs 15 lakh on Kelvin Fincap Ltd for failing to notify change in its directorate to BSE and making wrong disclosures regarding preferential allotment.
Yes Bank was the biggest gainer in the Sensex pack, rallying 10.94 per cent. Other gainers included Sun Pharma, IndusInd Bank, L&T, ICICI Bank, Maruti, Bajaj Auto, Tata Motors and ONGC, rallying up to 4.01 per cent.
The 'India Warehousing Market 2019 report by the Global property consultancy firm, Knight Frank, said Kolkata witnessed highest YoY surge, with 191 per cent in warehousing leasing volume of 4.7 million sqft in 2018.
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