Category: BUSINESS

Equity benchmark Sensex surged over 180 points in early trade on Wednesday, tracking gains in IT stocks and ahead of the outcome of the US presidential elections. The 30-share BSE index was trading 183.86 points or 0.46 per cent higher at 40,444.99. Similarly, the broader NSE Nifty climbed 49.50 points or 0.42 per cent to 11,863.00. Infosys was the top gainer in the Sensex pack, appreciating over 4 per cent, followed by Sun Pharma, Tech Mahindra, HCL Tech and TCS. On the other hand, ICICI Bank, Power Grid, Axis Bank,…

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Equity benchmark Sensex rallied over 400 points in early trade on Tuesday, tracking gains in index-heavyweights HDFC twins, ICICI Bank and TCS amid positive cues from global markets ahead of the US presidential election. The 30-share BSE index was trading 416.44 points or 1.05 per cent higher at 40,174.02. Similarly, the broader NSE Nifty jumped 121.80 points or 1.04 per cent to 11,790.95. ICICI Bank was the top gainer in the Sensex pack, surging around 4 per cent, followed by SBI, IndusInd Bank, HDFC Bank, Tata Steel and HDFC. On…

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Equity benchmark Sensex jumped over 200 points in early trade on Friday led by gains in index-heavyweights Reliance Industries, TCS and HCL Tech amid positive cues from US equities. The 30-share BSE index was trading 202.68 points or 0.51 per cent higher at 39,952.53. Similarly, the broader NSE Nifty rose 64 points or 0.55 per cent to 11,734.80. NTPC was the top gainer in the Sensex pack, rising around 2 per cent, followed by Nestle India, HCL Tech, ONGC, SBI, M&M, TCS and Reliance Industries. On the other hand, PowerGrid,…

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Equity benchmark Sensex plunged over 350 points in early trade on Thursday amid negative cues from global markets as rising coronavirus cases and uncertainty over US presidential elections weighed on investor sentiment. Market participants were also cautious ahead of the expiry of October derivatives contracts, traders said. The 30-share BSE index was trading 365.19 points or 0.91 per cent lower at 39,557.27. Similarly, the broader NSE Nifty tumbled 106.90 points or 0.91 per cent to 11,622.70. Titan was the top laggard in the Sensex pack, dropping over 4 per cent,…

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The Reserve Bank on Tuesday asked all lending institutions, including non-banking financial companies, to implement the waiver of interest on interest for loans up to Rs 2 crore for the six months moratorium period beginning March 1, 2020. On October 23, the government had announced the scheme for grant of ex-gratia payment of difference between compound interest and simple interest for six months to borrowers in specified loan accounts. The scheme mandates ex-gratia payment to certain categories of borrowers by way of crediting the difference between simple interest and compound…

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Equity benchmark Sensex dropped over 150 points in early trade on Monday, tracking losses in index majors Reliance Industries, ICICI Bank and Tata Steel amid negative cues from global markets. The 30-share BSE index was trading 173.47 points or 0.43 per cent lower at 40,512.03, and the broader NSE Nifty slipped 47.20 points or 0.40 per cent to 11,883.15. Reliance Industries was the top laggard in the Sensex pack, shedding around 2 per cent, followed by Tata Steel, Bajaj Finance, Asian Paints, M&M, ICICI Bank and Bajaj Finserv. On the…

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Equity benchmark Sensex jumped over 200 points in early trade on Friday, tracking gains in index majors HDFC twins, ICICI Bank and TCS amid positive cues from global markets. The 30-share BSE index was trading 228.56 points or 0.56 per cent higher at 40,787.05, and the broader NSE Nifty rose 70.70 points or 0.59 per cent to 11,967.15. Tata Steel was the top gainer in the Sensex pack, shedding around 2 per cent, followed by Maruti, ICICI Bank, Bharti Airtel, Bajaj Finance, HDFC twins and TCS. On the other hand,…

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Equity benchmark Sensex dropped over 250 points in early trade on Thursday, tracking losses in index majors Reliance Industries, ICICI Bank and Infosys amid weak cues from global markets. The 30-share BSE index was trading 279.13 points or 0.69 per cent lower at 40,428.18, and the broader NSE Nifty fell 80.05 points or 0.67 per cent to 11,857.60. ICICI Bank was the top laggard in the Sensex pack, shedding around 2 per cent, followed by Asian Paints, Reliance Industries, PowerGrid, Nestle India and SBI. On the other hand, Bajaj Finserv,…

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Equity benchmark Sensex rallied over 400 points and the Nifty topped the 12,000 mark in opening trade on Wednesday tracking strong buying sentiment in index majors HDFC twins, ICICI Bank and Reliance Industries amid positive cues from global markets. The 30-share BSE index was trading 404.42 points or 1 per cent higher at 40,948.79, and the broader NSE Nifty rose 113.55 points or 0.95 per cent to 12,010.35. IndusInd Bank was the top gainer in the Sensex pack, surging around 3 per cent, followed by HDFC, Tata Steel, ICICI Bank,…

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Equity benchmark Sensex rallied over 300 points in opening trade on Monday tracking strong gains in HDFC twins, ICICI Bank and Axis Bank amid positive cues from global markets. The 30-share BSE index was trading 322.40 points or 0.81 per cent higher at 40,305.38, and the broader NSE Nifty rose 85.80 points or 0.73 per cent to 11,848.25. ONGC was the top gainer in the Sensex pack, surging around 4 per cent, followed by NTPC, HDFC, Axis Bank, ICICI Bank, PowerGrid and Nestle India. On the other hand, TCS, Tech…

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