Equities flat in early trade amid mixed global cues
News | December 17, 2020 12:59 ISTEquity benchmark indices traded with thin gains during early hours on Thursday amid mixed global cues ahead of the weekly options expiry.
Equity benchmark indices traded with thin gains during early hours on Thursday amid mixed global cues ahead of the weekly options expiry.
Speaking at the day 1 of ASSOCHAM Foundation Week, via video conferencing on December 15, Commerce and Industry Minister Piyush Goyal said the first cut of a genuine single-window for business approvals could be expected by March or April 2021.
Market experts said that Indian equities continued to trade at record-high levels, gaining confidence from improving domestic macro-economic indicators and positive global market outlook.
The rupee strengthened by 5 paise to 73.59 against the US dollar in opening trade on Monday, supported by foreign portfolio inflows and strong opening in domestic equities.
In the previous session, Sensex ended 139.13 points or 0.30 per cent higher at 46,099.01, while Nifty rose 35.55 points or 0.26 per cent to 13,513.85.
In a first, water is officially joining gold, oil and other commodities that are traded on Wall Street.
The rupee appreciated by 7 paise to 73.73 against the US dollar in the opening session on Monday on sustained foreign fund inflows and positive domestic equities.
Among gainers, Tata Steel rose the most by 1.49 per cent, Titan by 1.41 per cent and Asian Paints by 1.29 per cent. Auto, FMCG and Infra stocks were trading in the positive territory with L&T rising by 1.23 per cent.
The Indian equity benchmark indices were trading in the green on Tuesday afternoon. The 30-scrip BSE Sensex opened at 44,435.83 and was trading at 44,538.52 (at 12:15 pm), up by 388.80 points or 0.88 per cent.
In the previous session, Sensex ended 110.02 points or 0.25 per cent lower at 44,149.72, and NSE Nifty slipped 18.05 points or 0.14 per cent to 12,968.95.
The CBI on Saturday started a massive search operation at 40 locations across three states including the premises of some alleged coal smugglers.
Members of Odisha Nirmana Sramik Federation, All India Central Council of Trade Unions (AICCTU) and All Orissa Petrol and Diesel Pump Workers Union held demonstration as trade unions have called for a nationwide strike against Centre's new labour law
The members of Left trade union blocked railway track at Belgharia station in West Bengal's North 24 Parganas district
The All India Bank Employees' Association (AIBEA), All India Bank Officers Association (AIBOA) and Bank Employees Federation of India (BEFI) are participating in the strike.
The 30-share BSE index was trading 120.03 points or 0.27 per cent higher at 43,948.13. Similarly, the broader NSE Nifty was 37.70 points or 0.29 per cent up at 12,896.10.
The unions are protesting the government's "anti-labour policies". The unions are demanding a cash transfer of Rs 7,500 per month for all non-income tax paying families and 10 kg free ration per person per month to all needy.
The statement comes at a time when India and China remain locked in a stand-off along the Line of Actual Control in Ladakh since June. India has taken several diplomatic measures in retaliation to Chinese aggression, including banning of Chinese applications over data security issues.
Central trade unions have called for a nationwide general strike on November 26. As many as 25 crore workers are expected to participate in the strike.
Equity benchmark Sensex rallied over 250 points in opening trade on Tuesday, tracking gains in index-heavyweights HDFC Bank, Maruti, ONGC and Axis Bank amid positive cues from global markets and unabated foreign fund inflows.
After touching a lifetime intra-day high of 44,271.15, the 30-share BSE index was trading 309.36 points or 0.70 per cent higher at 44,191.61 in the opening session.
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