Markets trade firm in early trade as sensex, nifty climb amid rally in global equities
Business | June 05, 2023 10:32 ISTThe 30-share BSE Sensex jumped 367.98 points to 62,915.09 in early trade. The NSE Nifty advanced 75.35 points to 18,609.50.
The 30-share BSE Sensex jumped 367.98 points to 62,915.09 in early trade. The NSE Nifty advanced 75.35 points to 18,609.50.
Stock markets: The 30-share BSE Sensex declined 77.28 points to 62,544.96 in early trade even after a positive beginning. The NSE Nifty dipped 15.35 points to 18,519.05.
Stock markets update: Power Grid, Kotak Mahindra Bank, Maruti Suzuki India, Tech Mahindra, ITC and NTPC were among the winners. In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading lower.
Japan's benchmark Nikkei 225 gained 0.9 per cent in morning trading to 29,393.24 as companies like Nissan Motor Co. gained after reporting relatively favourable earnings.
Both the stocks fell sharply amid reports that the merged HDFC entity could see significant outflow.
Participating in the debate on the Motion of Thanks to the President's Address in Lok Sabha as the first opposition speaker, Gandhi linked the massive rise in the business fortunes and personal wealth of businessman Adani to the Modi government coming to power in 2014.
India's forex reserves are at a two-year low. The reserves have dropped by almost USD 80 billion since the escalation of the Russia-Ukraine tensions into war earlier this year.
SRF Share Price, SRF Bonus News, SRF Bonus Share: SRF will issue bonus share in the ratio of 1:4. SRF is yet to announce the record date for bonus share.
Macroeconomic data, the pace of vaccination and global trends would be the major drivers for the domestic equity markets this week, analysts said.
On March 24, 2020 Sensex touched a decadal low of 25,638.9 points after the announcement of the nationwide lockdown to tackle Covid. Interestingly, it took the index just 10 months to reach the landmark 50,000 mark.
The 30-share index was trading 405.67 points, or 1.03 per cent, lower at 39,107.72 at 0930 hours. Similarly, the broader Nifty sank 128 points, or 1.08 per cent, to 11,683.15. Top losers in the Sensex pack included Hero MotoCorp, L&T, Maruti, Bajaj Auto, M&M, Tata Motors and HUL, falling up to 3.44 per cent.
Mumbai, Aug 8: The mayhem in the global financial markets, triggered by downgrade of the US creditworthiness, hit the Indian stocks hard today and sent the BSE Sensex spiralling down 316 points to below the
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