HT Image
HT Image

Sensex holds 20K as week ends

After two quiet trading sessions, the benchmark Bombay Stock Exchange (BSE) Sensex returned to the bullishness it has shown most of this month, rising by 184 points or 0.9 per cent to close at a new 32-month high of 20,045. HT reports. Sensex intra-day
By HT Correspondent | Hindustan Times, Mumbai
UPDATED ON SEP 25, 2010 02:17 AM IST

It was a happy closing day for the stock markets this week. After two quiet trading sessions, the benchmark Bombay Stock Exchange (BSE) Sensex returned to the bullishness it has shown most of this month, rising by 184 points or 0.9 per cent to close at a new 32-month high of 20,045.

The Sensex gained 450 points or 2.3 per cent during the week that ended on Friday, amidst an inflow of Rs 8,995 crore from foreign institutional investors during the week.

The broader Nifty at the National Stock Exchange rose by 1 per cent to close at 6,018.

Friday's movement was broad-based as the BSE mid-cap and small-cap indices also rose by 1 per cent each.

Market experts however maintain their caution.

"I expect a correction of 5-7 per cent in the market," said Ramit Bhasin, MD and head markets, India, RBS.

"Fast money is never good and we have to worry about money coming in a short period of time."

The day witnessed strong trading in real estate and FMCG sector stocks. The real estate index at the BSE rose by 2.8 per cent and the FMCG index by 1.8 per cent.

DLF and Hindustan Unilever emerged the biggest gainers on the Sensex list of companies.

DLF shares rose by 5.2 per cent and Hindustan Unilever by 3.9 per cent. FIIs pumped in a net of R582.6 crore into the market on Friday, taking the total inflow into equities to R21,438 crore so far in September.

Global markets were mixed during the day. While China and Hong Kong saw gains, Japan and Taiwan witnessed a fall in their premier indices.

Europe traded weak during the day and major European markets were in the red.

India's markets have been steadily outperforming most global counterparts on the back of local growth while Europe and the US are still not sure of their economic recovery.

SHARE THIS ARTICLE ON
Close
Index heavyweights such as State Bank of India (SBI), Power Grid Corporation of India, Housing Development Finance Corporation (HDFC), Axis Bank and ONGC were among top BSE Sensex gainers.(Bloomberg)
Index heavyweights such as State Bank of India (SBI), Power Grid Corporation of India, Housing Development Finance Corporation (HDFC), Axis Bank and ONGC were among top BSE Sensex gainers.(Bloomberg)

Sensex breaches 51,000, Nifty above 15,100

PUBLISHED ON MAR 03, 2021 02:03 PM IST
  • BSE Sensex was breached 51,000 on the upside, while the broader Nifty 50 index was ruling above 15,100.
Close
In the previous session, gold futures closed at <span class='webrupee'>₹</span>45,548 per 10 gram with silver closing at <span class='webrupee'>₹</span>67,339 per kg.(Virendra Singh Gosain/ HT Photo)
In the previous session, gold futures closed at 45,548 per 10 gram with silver closing at 67,339 per kg.(Virendra Singh Gosain/ HT Photo)

Gold prices fall closes to 10-month low at 45,304 per 10 gm

By hindustantimes.com | Written by Deepali Sharma, Hindustan Times, New Delhi
UPDATED ON MAR 03, 2021 01:44 PM IST
Gold prices have dipped by 11,000 from its previous high in August last year when it cost 56,200 per 10 grams.
Close
A petrol pump employee wearing a face mask while attending to a customer in Trinagar, New Delhi.(Sanchit Khanna/HT File Photo)
A petrol pump employee wearing a face mask while attending to a customer in Trinagar, New Delhi.(Sanchit Khanna/HT File Photo)

Petrol and diesel prices in your city on March 3, check here

By hindustantimes.com | Edited by Mallika Soni
PUBLISHED ON MAR 03, 2021 12:53 PM IST
Here’s what you pay for a litre of petrol and diesel in your city on March 3 as per the Indian Oil Corporation (IOC) site
Close
FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. REUTERS/Angus Mordant/File Photo(REUTERS)
FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. REUTERS/Angus Mordant/File Photo(REUTERS)

OPEC oil has advantage over US shale during pandemic recovery

Reuters
PUBLISHED ON MAR 03, 2021 12:06 PM IST
  • Prior to the pandemic-induced downturn, OPEC countries led by Saudi Arabia restrained their production. Shale drillers took advantage, boosting US output to a record 13 million barrels a day.
Close
After a decent show so far in 2020 despite the pandemic, the IPO market is awaiting a bumper crop with more than 30 IPOs worth over <span class='webrupee'>₹</span>30,000 crore lined up for the new year.(AP/ Representational)
After a decent show so far in 2020 despite the pandemic, the IPO market is awaiting a bumper crop with more than 30 IPOs worth over 30,000 crore lined up for the new year.(AP/ Representational)

Easy Trip Planners set price band for March 8 IPO at 186-187

By hindustantimes.com | Written by Deepali Sharma, Hindustan Times, New Delhi
PUBLISHED ON MAR 03, 2021 11:10 AM IST
The online travel agency has set the price band for its IPO at 186-187 per share. The IPO is likely to open for subscription on March 8 and close on March 10.
Close
The Sensex rally was driven by HDFC, SBI, Bajaj Finance, Axis Bank, IndusInd Bank, L&amp;T and ICICI Bank – spurting as much as 1.4 per cent.(MINT_PRINT)
The Sensex rally was driven by HDFC, SBI, Bajaj Finance, Axis Bank, IndusInd Bank, L&T and ICICI Bank – spurting as much as 1.4 per cent.(MINT_PRINT)

Sensex, Nifty firm up gains in early trade; financial stocks shine

Posted by Prashasti Singh | PTI, Mumbai
UPDATED ON MAR 03, 2021 09:52 AM IST
The BSE barometer Sensex was trading higher by 411.23 points or 0.82 per cent at 50,708.12 in early session, and the Nifty was up 124.65 points or 0.84 per cent at 15,043.75.
Close
Analysts had estimated that the auction will fetch the government about <span class='webrupee'>₹</span>60,000 crore.(REUTERS)
Analysts had estimated that the auction will fetch the government about 60,000 crore.(REUTERS)

Jio buys most 4G spectrum as bids exceed govt expectations

By Ishita Guha
PUBLISHED ON MAR 02, 2021 11:35 PM IST
  • Reliance Jio Infocomm Ltd, India’s largest telco, emerged as the top bidder, cornering roughly three-fourths of the spectrum sold in the two-day event.
Close
American Airlines flight 718, the first US Boeing 737 MAX commercial flight since regulators lifted a 20-month grounding in November, takes off from Miami, Florida, US. (Reuters)
American Airlines flight 718, the first US Boeing 737 MAX commercial flight since regulators lifted a 20-month grounding in November, takes off from Miami, Florida, US. (Reuters)

Global airlines body says airlines faced crisis in January

Reuters, Paris
PUBLISHED ON MAR 02, 2021 11:18 PM IST
New variants of the coronavirus forced governments to tighten travel restrictions across the world, hurting the outlook for airlines.
Close
The key reason for higher growth in grants-in-aid and lower growth in tax devolution to the states is the increase in the proportion of the central cess and surcharges as they are not part of the tax devolution to the states. (REUTERS)
The key reason for higher growth in grants-in-aid and lower growth in tax devolution to the states is the increase in the proportion of the central cess and surcharges as they are not part of the tax devolution to the states. (REUTERS)

Cess, surcharge shares doubled to 19.9% in FY 20-21: Report

PTI, New Delhi
PUBLISHED ON MAR 02, 2021 10:50 PM IST
Under the existing Finance Commission (FC) framework, the cesses and surcharges collected by the Centre are not part of the tax devolution.
Close
In April 2020, the bank set up a mechanism to offer emergency assistance program loans to its member countries(Reuters)
In April 2020, the bank set up a mechanism to offer emergency assistance program loans to its member countries(Reuters)

BRICS bank grants over USD 1 billion Covid-19 assistance loan to China

PTI, Beijing
PUBLISHED ON MAR 02, 2021 10:31 PM IST
This is the second emergency loan for the same amount approved by the NDB to help China fight the pandemic.
Close
A woman looks at a gold necklace in a shop in Noida in this file photo.(Virendra Singh Gosain/ HT Photo)
A woman looks at a gold necklace in a shop in Noida in this file photo.(Virendra Singh Gosain/ HT Photo)

Gold price drops to 44,760 per 10 gram, silver down too

By hindustantimes.com | Written by Meenakshi Ray, New Delhi
PUBLISHED ON MAR 02, 2021 09:46 PM IST
Gold prices have fallen nearly 11,000 since August last year when the yellow metal breached the all-time rate at 57,008 per 10 gram.
Close
Imports during April-February this fiscal also dipped 23 per cent to USD 340.88 billion.(Bloomberg)
Imports during April-February this fiscal also dipped 23 per cent to USD 340.88 billion.(Bloomberg)

Exports dip marginally in February; trade deficit widens to USD 12.88 billion

PTI
PUBLISHED ON MAR 02, 2021 06:59 PM IST
Imports grew 6.98 per cent to USD 40.55 billion during the month, the data showed.
Close
According to the payroll data released last Saturday, net new enrolments with EPFO grew by 24 per cent to 12.54 lakh in December compared to the same month in 2019.(HT Photo)
According to the payroll data released last Saturday, net new enrolments with EPFO grew by 24 per cent to 12.54 lakh in December compared to the same month in 2019.(HT Photo)

EPFO may declare interest rates on EPF deposits for 2020-21 on March 4

By hindustantimes.com | Edited by Mallika Soni
PUBLISHED ON MAR 02, 2021 06:24 PM IST
  • In March 2020, EPFO had reduced the interest rate on provident fund deposits to a seven-year low of 8.5% for 2019-20. The interest rate was 8.65% in 2018-19 and 8.55% for 2017-18. The interest rate was 8.65% in 2016-17.
Close
Reliance Jio bought <span class='webrupee'>₹</span>57,122.65 crore worth of spectrum while Vodafone Idea Ltd picked <span class='webrupee'>₹</span>1,993.40 crore worth of airwaves.(Priyanka Parashar/ HT File Photo)
Reliance Jio bought 57,122.65 crore worth of spectrum while Vodafone Idea Ltd picked 1,993.40 crore worth of airwaves.(Priyanka Parashar/ HT File Photo)

Spectrum auction ends with 77,815 cr bids; Jio top buyer with 57,122 cr

PTI
PUBLISHED ON MAR 02, 2021 06:14 PM IST
Telecom Secretary Anshu Prakash said 855.60 MHz of spectrum was bought for 77,814.80 crore in the two-day auction.
Close
Commerce and Industry Minister Piyush Goyal.(PTI File Photo)
Commerce and Industry Minister Piyush Goyal.(PTI File Photo)

Need to ensure that startups are not afraid of failure, says Piyush Goyal

PTI
PUBLISHED ON MAR 02, 2021 06:01 PM IST
The minister also said the need of the hour is to engage more with rural India also as there is a lot of talent lying there.
Close
SHARE
Story Saved
OPEN APP