Sensex tops 50,000-level in opening trade; Nifty above 14,800
March 02, 2021 10:06 ISTOn Monday, the Sensex had risen by 749.85 points or 1.53 per cent; and the Nifty had gained 232.40 points or 1.60 per cent.
On Monday, the Sensex had risen by 749.85 points or 1.53 per cent; and the Nifty had gained 232.40 points or 1.60 per cent.
The Gross Domestic Product (GDP) grew 0.4 per cent in the October-December 2020 period compared with the same period a year back, data released by the National Statistics Office on Friday showed.
The Nifty50 on the National Stock Exchange was trading at 13,463.35, up 70.40 points or 0.53 per cent from its previous close.
In the previous session, Sensex soared 347.42 points or 0.77 per cent to its fresh closing peak of 45,426.97, and Nifty rose 97.20 points or 0.73 per cent to an all-time closing high of 13,355.75.
Domestic equity benchmark Sensex plunged 433 points on Friday, tracking heavy losses in banking, consumption and auto stocks amid a selloff in global markets.
On the corporate front, Yes Bank will be in focus after reporting a staggering Rs 18,654-crore loss for the December quarter due to higher recognition of dud assets on the books, and an erosion of capital buffers to the brink.
The Department of Telecom (DoT) had on Tuesday approved raising of foreign direct investment in Bharti Airtel to 100 per cent from 49 per cent allowed earlier, a stock exchange filing of the company had said.
The category meant for qualified institutional buyers (QIBs) was subscribed 111 times, non-institutional investors (NIIs) category witnessed a subscription of 473 times, while the same for retail investors stood at over 49 times.
The 30-share index was trading 213.78 points, or 0.53 per cent, higher at 40,573.19. Similarly, the broader Nifty rose 57.65 points, or 0.48 per cent, to 11,972.05.
IRCTC IPO Subscription: IRCTC's initial public offer (IPO) f state-owned Indian Railway Catering and Tourism Corporation (IRCTC) opens for subscription today, September 30. The Subscription of the IRCTC IPO will close on October 3.
Bulls took over the market after the government slashed corporate tax rates for companies by almost 10 percentage points to 25.17 per cent to bring them at par with Asian rivals such as China and South Korea.
The govt on Friday slashed corporate tax rates for companies by almost 10 per cent to 25.17 per cent to bring them at par with Asian rivals, as it looked to boost demand and investments.
BSE benchmark Sensex on Monday crashed about 624 points dragged by heavy losses in index heavyweights HDFC twins, Infosys, ITC and ICICI Bank amid sell-offs in global equities. Bucking the overall downtrend, shares of Reliance Industries (RIL) rallied nearly 10 per cent, capping the Sensex loss to a large extent.
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Investor sentiment turned positive after the Finance Ministry issued a statement to dampen concerns over a spat between the government and the central bank.
Mumbai, Jun 6: In sync with global sentiment and the government trying to speed up investment decisions, Sensex today went up by 434 points, the highest single-day gain in 2012, making investors richer by over
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