The entrance of the Bombay Stock Exchange (BSE), in Mumbai.(Reuters File Photo)
The entrance of the Bombay Stock Exchange (BSE), in Mumbai.(Reuters File Photo)

Sensex rallies over 300 points to hit all-time high, Nifty scales fresh peak

Positive leads from other Asian markets tracking weekend gains on the Wall Street after comments from US Federal Reserve Chairman in support of a gradual approach to raising rates bolster trading sentiments.
By PTI | Mumbai
UPDATED ON AUG 27, 2018 10:19 AM IST

The BSE Sensex rallied over 300 points to hit a fresh record high of 38,585.44, while NSE Nifty touched life-time record of 11,651 in early session on Monday amid positive global cues and smart gains in banking, metal and FMCG stocks.

The 30-share index spurted by 333.64 points, or 0.87%, to hit a new peak of 38,585.44, breaching its previous high of 38,487.63 reached on August 23.

The gauge had lost 84.96 points in previous session on Friday.

All sectoral indices, led by metal, banking, consumer durables and PSU stocks were trading in the positive zone with gains of up to 1.52%.

The 50-share NSE Nifty rallied 94.40 points, or 0.82%, to scale its lifetime high of 11,651, bettering its previous intra-day high of 11,620.70 touched on August 23.

Positive leads from other Asian markets tracking weekend gains on the Wall Street after comments from US Federal Reserve Chairman in support of a gradual approach to raising rates bolstered trading sentiments, brokers said.

Prominent gainers include Yes Bank, Tata Steel, ICICI Bank, SBI, Kotak Bank, PowerGrid, Bharti Airtel, Axis Bank, Tata Motors, IndusInd Bank, RIL and Vedanta, rising up to 2.24%.

Meanwhile, domestic institutional investors (DIIs) bought shares worth a net of Rs 904.75 crore on Friday, while foreign portfolio investors (FPIs) sold shares worth a net of Rs 75.78 crore, provisional exchange data showed.

Among other Asian markets, Hong Kong’s Hang Seng gained 1.87% and Shanghai Composite Index rose 1.21% in their early deals. Japan’s Nikkei too edged higher by 0.79%.

The US Dow Jones Industrial Average closed 0.52% higher on Friday.

SHARE THIS ARTICLE ON
Close
A Bharti Airtel office building is pictured in Gurugram on the outskirts of New Delhi, India.(Reuters)
A Bharti Airtel office building is pictured in Gurugram on the outskirts of New Delhi, India.(Reuters)

Bharti Airtel buys airwaves worth $2.6 billion at spectrum auction

Bloomberg
PUBLISHED ON MAR 02, 2021 04:03 PM IST
The carrier, led by billionaire Sunil Mittal, acquired 355.45 megahertz airwaves across multiple spectrum bands for 186.99 billion rupees ($2.55 billion), according to a statement from the company Tuesday.
Close
While traversing its journey from 549 to 50,000, the Sensex, up 91 times, has delivered 13.6% CAGR (compounded annual growth rate) returns in the last 35 years, say analysts.mint(MINT_PRINT)
While traversing its journey from 549 to 50,000, the Sensex, up 91 times, has delivered 13.6% CAGR (compounded annual growth rate) returns in the last 35 years, say analysts.mint(MINT_PRINT)

Sensex ends 447 points up, Nifty settles above 14,900

UPDATED ON MAR 02, 2021 04:03 PM IST
  • The 30-share index swung nearly 633 points during the session, before ending at 50,296.89, showing a rise of 447.05 points or 0.90 per cent.
Close
India, according to the Forum, needs ingenious global partnerships and heavy investments from new partners of growth which can only happen when the government creates a more enabling tax regime and a progressive personal taxation structure. (Representational Image)(Getty Images/iStockphoto)
India, according to the Forum, needs ingenious global partnerships and heavy investments from new partners of growth which can only happen when the government creates a more enabling tax regime and a progressive personal taxation structure. (Representational Image)(Getty Images/iStockphoto)

Foreign Investors Forum urge relaxation of tax norms for foreign nationals India

PTI
PUBLISHED ON MAR 02, 2021 03:01 PM IST
Under the current Income Tax provisions, the global income of foreigners is taxed if they stay in India for more than 182 days in a year, thus increasing their personal tax liability in the country.
Close
Arvind Panagariya, former vice-chairman of NITI Aayog in New Delhi, India.(HT Photo)
Arvind Panagariya, former vice-chairman of NITI Aayog in New Delhi, India.(HT Photo)

Indian economy on 'upswing,' says ex-NITI Aayog vice chairman Arvind Panagariya

PTI
PUBLISHED ON MAR 02, 2021 02:53 PM IST
In an interview with PTI, Panagariya also said that the government's plans for increased spending comes in the backdrop of pro-growth reforms.
Close
More than 4 in 5 (86 per cent) Indians stated that they were negatively impacted by the pandemic while 9 in 10 said they were affected by the coronavirus pandemic in terms of job retrenchment, pay cuts, and reduced working hours.(Shutterstock)
More than 4 in 5 (86 per cent) Indians stated that they were negatively impacted by the pandemic while 9 in 10 said they were affected by the coronavirus pandemic in terms of job retrenchment, pay cuts, and reduced working hours.(Shutterstock)

85% of Indian women miss out on a raise, promotion because of gender: Report

By hindustantimes.com | Written by Meenakshi Ray, New Delhi
PUBLISHED ON MAR 02, 2021 02:48 PM IST
More than 7 in 10 working women and working mothers feel that managing familial responsibilities often come in their way of career development, the LinkedIn Opportunity Index 2021 shows.
Close
Goldman had just entrusted Ismail and Stark with bigger roles. Ismail formally assumed control of the consumer arm -- known as Marcus -- at the beginning of the year.(REUTERS)
Goldman had just entrusted Ismail and Stark with bigger roles. Ismail formally assumed control of the consumer arm -- known as Marcus -- at the beginning of the year.(REUTERS)

Goldman raises 12-month commodities returns forecast to 15.5%

Reuters
PUBLISHED ON MAR 02, 2021 02:39 PM IST
The Wall Street bank also forecast returns of 6.2% and 15.1% on commodities over three- and six-months respectively on the S&P/GSCI Goldman Sachs Commodity Index (GSCI) in a note dated Monday.
Close
Grocery is the next big frontier for online shopping and is a key focus area for Flipkart to bring new customers online," the company added.(Bloomberg)
Grocery is the next big frontier for online shopping and is a key focus area for Flipkart to bring new customers online," the company added.(Bloomberg)

Walmart's Flipkart expands grocery sales to more Indian cities

Reuters, Bengaluru
PUBLISHED ON MAR 02, 2021 01:09 PM IST
  • Flipkart has already expanded online grocery sales to more than 50 Indian cities and intends to reach over 70 locations in the next six months.
Close
A petrol pump attendant filling fuel into a vehicle in New Delhi.(Amal KS/ Hindustan Times)
A petrol pump attendant filling fuel into a vehicle in New Delhi.(Amal KS/ Hindustan Times)

Petrol and diesel prices in your city today, check here

By hindustantimes.com | Edited by Mallika Soni
PUBLISHED ON MAR 02, 2021 12:51 PM IST
Here’s what you pay for a litre of petrol and diesel in your city on March 2
Close
Finance firms have announced that about 7,600 jobs will move from the UK to the bloc Photographer: Patrick Bolger/Bloomberg(Bloomberg)
Finance firms have announced that about 7,600 jobs will move from the UK to the bloc Photographer: Patrick Bolger/Bloomberg(Bloomberg)

Dublin is top relocation spot for finance firms leaving London after Brexit

Bloomberg
PUBLISHED ON MAR 02, 2021 12:34 PM IST
  • Three dozen financial services firms are considering moving some UK operations to the Irish capital, or have already done so.
Close
FILE - In this Feb. 6, 2020 file photo a Volvo car is parked behind the Volvo logo in the lobby of the company's corporate headquarters, in Brussels. Volvo says it will make only electric vehicles by 2030. But for those who want one, they will have to buy it online. The Swedish automaker said Tuesday, March 2, 2021, that it is phasing out the production of all cars with internal combustion engines — including hybrids. (AP Photo/Virginia Mayo, File)(AP)
FILE - In this Feb. 6, 2020 file photo a Volvo car is parked behind the Volvo logo in the lobby of the company's corporate headquarters, in Brussels. Volvo says it will make only electric vehicles by 2030. But for those who want one, they will have to buy it online. The Swedish automaker said Tuesday, March 2, 2021, that it is phasing out the production of all cars with internal combustion engines — including hybrids. (AP Photo/Virginia Mayo, File)(AP)

Volvo cars to go electric-only and shift sales online from 2030

Bloomberg
PUBLISHED ON MAR 02, 2021 12:05 PM IST
  • With the support of its Chinese owners, Volvo has ramped up investment in electric cars since 2017
Close
Through the IPO, the company is making a fresh issue of shares aggregating up to <span class='webrupee'>₹</span>116 crore.(AP/ Representational)
Through the IPO, the company is making a fresh issue of shares aggregating up to 116 crore.(AP/ Representational)

MTAR Technologies IPO opens tomorrow: 10 points

By hindustantimes.com | Edited by Mallika Soni
PUBLISHED ON MAR 02, 2021 11:59 AM IST
According to the company’s prospectus, proceeds from the fresh issue will be used for repayment or pre-payment of its borrowings and funding working capital requirements.
Close
While its price has risen significantly over the past year, bitcoin remains highly volatile. The virtual currency smashed through $58,000 on Feb. 21 then fell back by as much as 25%.(MINT File photo )
While its price has risen significantly over the past year, bitcoin remains highly volatile. The virtual currency smashed through $58,000 on Feb. 21 then fell back by as much as 25%.(MINT File photo )

CBOE seeks approval from US Security & Exchange commission to list Bitcoin ETF

Reuters
PUBLISHED ON MAR 02, 2021 11:52 AM IST
The filing came as Citi analysts said the most popular cryptocurrency was at a "tipping point" and could become the preferred currency for international trades.
Close
On Monday, the rupee had settled at 73.55 against the American currency.(Mint)
On Monday, the rupee had settled at 73.55 against the American currency.(Mint)

Rupee surges 24 paise to 73.31 against US dollar in early trade

PTI, Mumbai
PUBLISHED ON MAR 02, 2021 10:56 AM IST
At the interbank forex market, the local unit opened at 73.32 against the US dollar, then inched higher to 73.31 against the greenback, registering a rise of 24 paise over its previous close.
Close
DIPAM in December had invited expressions of interest (EoI) for strategic disinvestment of its entire stake of 63.75 per cent in Shipping Corp of India.(File photo)
DIPAM in December had invited expressions of interest (EoI) for strategic disinvestment of its entire stake of 63.75 per cent in Shipping Corp of India.(File photo)

Privatisation: Govt gets multiple bids for Shipping corporation of India's

PTI
PUBLISHED ON MAR 02, 2021 10:51 AM IST
The Cabinet had in November last year given an in-principle approval for strategic divestment of Shipping Corp and Container Corp of India Ltd. However, the plans were delayed due to the pandemic.
Close
BPCL share sale is essential for meeting the government’s record <span class='webrupee'>₹</span>2.1 trillion divestment target that the finance ministry announced in the budget for 2020-21.
BPCL share sale is essential for meeting the government’s record 2.1 trillion divestment target that the finance ministry announced in the budget for 2020-21.

Disinvestment: BPCL to sell Numaligarh Refinery stake for 9,876 cr

PTI
PUBLISHED ON MAR 02, 2021 10:40 AM IST
In keeping with the Assam Peace Accord, the government had decided to keep Numaligarh Refinery Ltd (NRL) in the public sector. As part of this, BPCL was to sell its entire 61.65 per cent stake to state-owned firms.
Close
SHARE
Story Saved
OPEN APP