Sensex recovers 112 points on global cues in early trade
The BSE-30 share index which lost 95.59 points on Wednesday, stages a strong comeback at 15,812.27 in first five minutes of trading.
By HT Correspondent | None, Mumbai
UPDATED ON JUL 26, 2007 10:21 AM IST
Tracking global markets, the Bombay Stock Exchange benchmark Sensex recovered by more than 112 points in early trading on Thursday on the back of buying by funds in heavy-weight blue chip stocks.
The BSE-30 share index, Sensex, which had lost 95.59 points on Wednesday, staged a strong comeback to quote 112.94 points to 15,812.27 in first five minutes of trading.
Similarly, the wide-based National Stock Exchange's Nifty rose by 26.20 points at 4,614.90.
Stock brokers said reports of rising trend in global markets and expectations of strong first quarter earnings from corporate majors, mainly spared buying activities on the bourses.
They said reports that IT bellwether Infosys Technologies has signed 250 million US dollar outsourcing contract with Royal Philips Electron of the Netherlands too influenced the trading sentiments.
Infosys Technologies stocks quoted Rs 10.05 higher at Rs 2,000 on increased buying by funds.
Other major gainers were Reliance Industries, State Bank of India, Larsen and Toubro, BHEL, Wipro, Satyam Computers, Tata Motors, Tata Steel, Bajaj Auto and Maruti Udyog.
US trade nominee says Prez Joe Biden's team backs use of tariffs
Posted by Harshit Sabarwal | AFP
PUBLISHED ON FEB 25, 2021 11:59 PM IST
"Tariffs are a very important part of our fair trade remedies toolbox," US Trade Representative, Katherine Tai told the Senate Finance Committee, signaling the new US team on commerce policy had no plans for a complete about-face from the hardline stance of Donald Trump's government.
Twitter expects annual revenue to double in 2023
Reuters
PUBLISHED ON FEB 25, 2021 08:46 PM IST
The social network expects to reach at least 315 million monetizable daily active users (mDAU) by the fourth quarter of 2023.
Debt crisis threatens developing nations, says World Bank head
Bloomberg
PUBLISHED ON FEB 25, 2021 08:19 PM IST
World Bank President David Malpass spoke before the start of a meeting of finance ministers and central bankers from the Group of 20 biggest economies on Friday.
Sebi to issue guidelines related to environmental, social, corporate governance
PTI, New Delhi
PUBLISHED ON FEB 25, 2021 06:49 PM IST
Tyagi noted that certain unique trends have emerged in the wake of the pandemic.
India's top brokerage Zerodha faces investor fury after stock exchange glitch
Reuters, Mumbai
PUBLISHED ON FEB 25, 2021 06:15 PM IST
Hundreds of traders who bought stocks via Zerodha voiced concern on Twitter, with many posting pictures showing portfolio losses due to trades squared off by the broker.
IPOs this fiscal largely from companies resilient to pandemic: Sebi chairman
PTI
PUBLISHED ON FEB 25, 2021 06:13 PM IST
"Every IPO saw a good amount of subscription with every issue being oversubscribed by atleast more than 2 times. Six of the total 18 IPOs, that is 1/3rd of the total number of IPOs were oversubscribed more than 100 times. Of these 6 IPOs, 5 were oversubscribed around or over 150 times," Tyagi said.
Day after NSE disruption, India stocks advance on expiry day
Bloomberg
PUBLISHED ON FEB 25, 2021 05:57 PM IST
The NSE Nifty 50 Index climbed 0.8% to 15,097.35 in Mumbai, a day after the bourses
Netflix plans $500 million spending in Korea to crack Asia
Bloomberg
PUBLISHED ON FEB 25, 2021 05:49 PM IST
The Los Gatos, California-based company has identified South Korea as one of the keys to its success in Asia, a vast region home to more than half of the world’s population.
GameStop rally builds after puzzling ice-cream cone tweet
Posted by Kunal Gaurav | Reuters
PUBLISHED ON FEB 25, 2021 05:35 PM IST
The latest moves build on Wednesday's rally in GameStop and other so-called "stonks" favoured by retail traders on social media sites such as Reddit's WallStreetBets.
Standard Chartered restores dividend, reaffirms goals as Covid-19 halves profit
Reuters, Hong Kong
PUBLISHED ON FEB 25, 2021 03:57 PM IST
The Asia, Africa and Middle East-focused bank however warned that income in 2021 is likely to be close to last year, showing the challenge it faces to meet its modest profit goals in a world of rock-bottom interest rates.
Sensex jumps 257 points at 51,039.31; Nifty gains 115.35 points
PTI, New Delhi, Mumbai
UPDATED ON FEB 25, 2021 04:06 PM IST
- The 30-share BSE index ended 257.62 points or 0.51 per cent higher at 51,039.31.
Tesla temporarily halts production at Model 3 line in California
Bloomberg
PUBLISHED ON FEB 25, 2021 03:36 PM IST
- Workers on a Model 3 production line in Fremont were told their line would be down from Feb. 22 until March 7
China says Biden's bid to shift US supply chains is 'not realistic'
Bloomberg
UPDATED ON FEB 25, 2021 03:23 PM IST
- China dismissed efforts to shift US supply chains toward alternative sources as unrealistic, hitting back hours after President Joe Biden signed an order to review how America buys strategic goods.
'Private sector has to be involved in India's growth story': FM Sitharaman
Posted by Prashasti Singh | ANI, Bengaluru
UPDATED ON FEB 25, 2021 03:10 PM IST
Finance Minister Nirmala Sitharaman also emphasized the need for involvement and participation from the private sectors in order to meet these demands.
Kalahandi exports high quality cotton to Bangladesh
PTI, Bhawanipatna
PUBLISHED ON FEB 25, 2021 01:48 PM IST
This is for the first time on Wednesday when the Cotton Corporation of India (CCI) exported cotton to Bangladesh through a goods train from Junagarh Road railway station in the district.
