Equity indices open in the green, Sensex up by 536 points
News | November 09, 2020 13:00 ISTEquity benchmark indices opened in the green on Monday with Sensex up by 536.16 points and Nifty up by 153.55 points.
Equity benchmark indices opened in the green on Monday with Sensex up by 536.16 points and Nifty up by 153.55 points.
Equity benchmark indices clocked smart gains during early hours on Thursday following a rally in IT stocks amid positive global cues. At 10:15 am, the BSE SandP Sensex was up by 453 points or 1.13 per cent at 40,331 while the Nifty 50 gained by 126 points or 1.08 per cent at 11,865. All sectoral indices at the National Stock Exchange were in the green with Nifty IT up by 4 per cent, PSU bank by 1.7 per cent, private bank by 1.4 per cent and realty by 1.2 per cent.
Equity benchmark indices traded flat with a positive bias during early hours on Thursday with aviation stocks on an upswing.
Equity benchmark indices shaved off early gains but closed in the positive terrain on Thursday ahead of the expiry of August series derivative contracts.
Equity benchmark indices ticked up during early hours on August 13 with IT and metal stocks gaining ground. At 10:15 am, the BSE SandP Sensex was up by 76 points or 0.2 per cent at 38,446 while the Nifty 50 gained by 35 points or 0.31 per cent
Equity benchmark indices extended early gains on Tuesday amid heavy buying in auto, metal and IT shares during the afternoon trading.
Equity benchmark indices advanced by 1.5 per cent on Friday led by gains in Reliance Industries which become net debt-free ahead of its March 2021 target.
Equity benchmark indices edged higher during early hours on Friday due to gains in index heavyweight Reliance Industries and metal stocks.
Equity benchmark indices swung between gains and losses on June 04 but ended lower with private banks suffering the most on profit booking.
Equity benchmark indices oscillated between gains and losses during early hours on Thursday but remained largely flat.
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.
Equity benchmark indices traded in the negative territory during early hours on Monday as the country extended nationwide lockdown till month-end to curb the spread of coronavirus pandemic.
Equity benchmark indices recovered from an intraday low point on Tuesday but remained in the negative zone ahead of Prime Minister Narendra Modi's address the nation later in the evening.
Inflows into equity mutual funds surged to Rs 10,730 crore in February, the highest level in 11 months, even as the broader market witnessed heavy volatility amid concerns over the impact of coronavirus.
Equity benchmark indices were in the green during early hours on Monday after they witnessed a sharp downswing on February 01, the day government tabled Union Budget 2020.
In what is being billed as a make or break Budget to revive the economy, the Modi government is likely to introduce heavy duty measures for rationalization of key equity taxes, including scrapping capital gains on sale of property, shifting the tax applicability of dividend distribution tax (DDT) to the receiver and extending the timeline of long term capital capital gains (LTCG) tax from the current 12 months to 24 months.
Net inflows into equities stood at Rs 933 crore last month, a three-year low and a drop of nearly 85 per cent month-on-month, according to data released by the Association of Mutual Funds in India (AMFI).
Market benchmark BSE Sensex rose by 234 points to close at 39,131.04 on Tuesday, extending gains for the second straight day as Reliance Industries, Yes Bank, Larsen & Toubro and Infosys advanced.
The decision was taken at the bank's annual general meeting held on June 27, 2019.
The Sensitive Index (Sensex) of the BSE, which had closed at 39,112.74 points on Wednesday, opened lower at 39,042.96 points.
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