A screen on the facade of BSE building displays stock prices.(PTI)
A screen on the facade of BSE building displays stock prices.(PTI)

Sensex opens 264 points higher at 44,341 points; Nifty opens at 13,000 for the first time

Sensex opens 264 points higher at 44,341 points; Nifty opens at 12,997 points
By Reuters |Posted by Shankhyaneel Sarkar | Hindustan Times, New Delhi
UPDATED ON NOV 24, 2020 09:52 AM IST

Indian shares scaled a record high on Tuesday in broad-based gains, as progress on U.S. President-elect Joe Biden’s transition to the White House and optimism around another COVID-19 vaccine helped boost investor sentiment globally.

The NSE Nifty 50 index surpassed the psychologically important 13,000 level for the first time ever and was up 0.74% at 13,021.05 by 0400 GMT. The S&P BSE Sensex was 0.72% higher at 44,391.79.

All 12 Nifty sub-indexes were trading higher, with banks leading the pack. HDFC Bank and ICICI Bank were the top two boosts to the Nifty 50.

The Serum Institute of India, the world’s top vaccine manufacturer, will first focus on supplying AstraZeneca’s COVID-19 vaccine to India, Serum’s chief said on Monday, potentially increasing the chances of the shot becoming available quickly in the world’s second worst-hit country.

Other Asian markets were also trading higher on Tuesday after Biden was given the go-ahead to begin his White House transition.

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British Prime Minister Boris Johnson’s spokesman, Jamie Davies, said the Foreign Office was in talks with the EU about “the long-term arrangements for the EU delegation in the U.K.”(REUTERS)
British Prime Minister Boris Johnson’s spokesman, Jamie Davies, said the Foreign Office was in talks with the EU about “the long-term arrangements for the EU delegation in the U.K.”(REUTERS)

UK, EU in spat over diplomatic status of bloc's ambassador

AP, London
UPDATED ON JAN 21, 2021 11:22 PM IST
Joao Vale de Almeida is the 27-nation EU’s envoy to the U.K., which left the bloc last year. The EU says he should be given the same status as a national ambassador, like the rest of the bloc's 143 envoys around the world.
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A Twitter logo is seen outside the company headquarters in San Francisco, California, US. (Reuters Photo)(REUTERS)
A Twitter logo is seen outside the company headquarters in San Francisco, California, US. (Reuters Photo)(REUTERS)

Twitter to restart giving blue ticks from January 22: All you need to know

Written by Poulomi Ghosh
PUBLISHED ON JAN 21, 2021 10:20 PM IST
In 2017, the micro-blogging platform stopped its verification programme saying it felt arbitrary and confusing to many people.
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The RBI, however, said the views expressed in this article are those of the authors and do not necessarily represent the views of the central bank.(Mint file photo)
The RBI, however, said the views expressed in this article are those of the authors and do not necessarily represent the views of the central bank.(Mint file photo)

India within striking distance of attaining positive growth, says RBI

PTI, Mumbai
PUBLISHED ON JAN 21, 2021 08:25 PM IST
The economy contracted by a massive 23.9 per cent in the first quarter and 7.5 per cent in the second quarter on account of the Covid-19 pandemic.
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Saudi shipments to China in 2020 were rose 1.9% from a year earlier to 84.92 million tonnes. In picture - Saudi Aramco's Ras Tanura oil refinery and oil terminal.(Reuters)
Saudi shipments to China in 2020 were rose 1.9% from a year earlier to 84.92 million tonnes. In picture - Saudi Aramco's Ras Tanura oil refinery and oil terminal.(Reuters)

Saudi Aramco excludes emissions data in disclosures to investors

Reuters
PUBLISHED ON JAN 21, 2021 05:43 PM IST
The world's biggest oil company's self-reported carbon footprint might nearly double, adding as much as 55 million metric tons of carbon dioxide equivalent to its annual tally, if those facilities are included, according to the report.
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Bank deposits and insurance/pensions form 14 per cent each of the total household savings. (Sonu Mehta/HT file photo)
Bank deposits and insurance/pensions form 14 per cent each of the total household savings. (Sonu Mehta/HT file photo)

$200 bn extra savings, lockdown boosts household savings to 20-yr high: Report

PTI, Mumbai
PUBLISHED ON JAN 21, 2021 05:40 PM IST
Historically households have been funding a third of the capital formation of the rest of the economy.
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On Thursday, the rupee spurted 24 paise to end at a nearly four-month high of 73.07 against the US dollar.(REUTERS)
On Thursday, the rupee spurted 24 paise to end at a nearly four-month high of 73.07 against the US dollar.(REUTERS)

Rupee gains 6 paise to close near 5-month high of 72.99 vs USD

PTI, Mumbai
PUBLISHED ON JAN 21, 2021 05:28 PM IST
It finally closed higher by 6 paise at 72.99 to the dollar, a level not seen since September 1, 2020.
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Representational image. (Getty Images/iStockphoto)
Representational image. (Getty Images/iStockphoto)

Budget 2021: CII seeks customs duty exemption for defence imports in pvt sector

PUBLISHED ON JAN 21, 2021 05:03 PM IST
The industry body said the taxes were affecting the private sector’s competitiveness across all projects, especially “large value, long-gestation period” programmes such as shipbuilding
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Titan was the top loser in the Sensex pack, shedding around 2 per cent, followed by Nestle India, HUL, HCL Tech, Infosys, ITC and Kotak Bank.(PTI)
Titan was the top loser in the Sensex pack, shedding around 2 per cent, followed by Nestle India, HUL, HCL Tech, Infosys, ITC and Kotak Bank.(PTI)

Sensex breaches 50k-mark, ends lower on profit-booking

PTI, Mumbai
UPDATED ON JAN 21, 2021 04:24 PM IST
The broader NSE Nifty slipped 54.35 points or 0.37 per cent to close at 14,590.35.
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Bharat Petroleum Corp. Ltd is India’s second-largest fuel retailer with a 25.77% market share.ramesh pathania/mint(MINT_PRINT)
Bharat Petroleum Corp. Ltd is India’s second-largest fuel retailer with a 25.77% market share.ramesh pathania/mint(MINT_PRINT)

India still hopes oil majors will join race for biggest sale

Bloomberg
PUBLISHED ON JAN 21, 2021 02:47 PM IST
The planned $6.5 billion sale of the government’s 53% stake in the refiner will be India’s first big-ticket transaction in over a decade.
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The RBI slashed interest rates early last year to cushion the shock from the coronavirus crisis, but has left rates unchanged in recent months, cautious of rising inflation.(MINT_PRINT)
The RBI slashed interest rates early last year to cushion the shock from the coronavirus crisis, but has left rates unchanged in recent months, cautious of rising inflation.(MINT_PRINT)

India has been through worst of Covid-19, barring another wave, says RBI

Reuters
PUBLISHED ON JAN 21, 2021 02:26 PM IST
The RBI expects Asia's third-largest economy to contract by 7.5% in the current fiscal year to March, but analysts believe it is likely to escape recession and see modest growth in the current quarter.
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The coronavirus crisis had directed the benchmark to hit record lows in the late March of 2020.(PTI)
The coronavirus crisis had directed the benchmark to hit record lows in the late March of 2020.(PTI)

From 26,000 to 50,000: Tracing Sensex's journey to record high in last 10 months

By hindustantimes.com | Edited by Deepali Sharma, Hindustan Times, New Delhi
PUBLISHED ON JAN 21, 2021 02:13 PM IST
The comeback of Sensex began in April 2020, going through a bumpy ride on the back of government introduced stimulus measures.
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The rupee appreciated by 4 paise to 73.51 against the US dollar in opening trade on Monday as sustained foreign fund inflows and strong domestic equities strengthened investor sentiment.(PTI)
The rupee appreciated by 4 paise to 73.51 against the US dollar in opening trade on Monday as sustained foreign fund inflows and strong domestic equities strengthened investor sentiment.(PTI)

Hopes fade for turnaround in Asia’s worst-performing currency of 2020

Bloomberg
PUBLISHED ON JAN 21, 2021 12:35 PM IST
India’s forex reserves consequently rose to a record $586 billion, catching up with Russia, which has the world’s fourth-largest stockpile.
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Bitcoin is struggling to maintain its momentum from the end of 2020.(File photo)
Bitcoin is struggling to maintain its momentum from the end of 2020.(File photo)

Bitcoin falters for a second day, slides below technical level

Bloomberg
PUBLISHED ON JAN 21, 2021 12:19 PM IST
Bitcoin’s latest gyrations have seen it touch a record of almost $42,000 earlier this month before quickly dropping about 17%.
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A shopper walks through an aisle displaying personal care goods at a Big Bazaar hypermarket, operated by Future Retail Ltd. in Mumbai(Bloomberg File Photo)
A shopper walks through an aisle displaying personal care goods at a Big Bazaar hypermarket, operated by Future Retail Ltd. in Mumbai(Bloomberg File Photo)

Future Retail, Enterprises hit upper circuit after Sebi clears deal with RIL

PTI, New Delhi
PUBLISHED ON JAN 21, 2021 12:15 PM IST
Meanwhile, Reliance Industries Ltd (RIL) was trading at 2,114.8 during the late morning trade, rising 2.91 per cent.
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Union minister Gadkari said PSUs will soon settle dues of MSMEs within 45 days of sale.(Mohd Zakir/ Hindustan Times)
Union minister Gadkari said PSUs will soon settle dues of MSMEs within 45 days of sale.(Mohd Zakir/ Hindustan Times)

Gadkari says govt to bring law to ensure MSME dues are paid within 45 days

ANI, New Delhi
PUBLISHED ON JAN 21, 2021 11:16 AM IST
Union Minister of Micro, Small and Medium Enterprises Nitin Gadkari on Wednesday highlighted that delayed payments are hurting the sector.
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