S&P BSE Sensex gained 272 points to close at 48,949 while the Nifty 50 index zoomed 106 points to breach 14,700.
S&P BSE Sensex jumped 272 points and closed at 48,949 while the Nifty 50 index gained 106 points to breach 14,700.
“The combination of an easy Fed and cyclical recovery continues to be bullish for equities despite the selling pressure triggered by talk of a significant increase in the capital gains tax,” the global head at Jefferies wrote in his weekly GREED & fear newsletter.
Nifty was trading above 14,700 with minutes left ahead of the closing bell.
The company reported PAT of Rs 7162 crore as compared to loss of Rs1615 crores in Q4FY20 along with this company net debt has decreased by Rs 29,390 crores to Rs 75,389 crores during the quarter.
RBI, in its key announcements on May 5, 2021, on Covid measures, has decided to extend the scope of Video based Customer identification process known as Video KYC.
With rural India relatively less impacted due to Covid-19, record food-grain procurement by government agencies as well as better than expected Kharif crop in 2020, we expect the tractor industry will continue to outperform the larger automobile space in FY21.
Sanjiv Bhasin, Director, IIFL Securities Ltd, told Surbhi Jain of Financial Express Online in an interview that the US and other developed markets outperformed in the previous month, which encouraged near term shift of money.
IDBI Bank share price surged 15 per cent to Rs 43.50 apiece in intraday on BSE on Thursday, after the Cabinet Committee on Economic Affairs gave its in-principle approval for strategic disinvestment along with transfer of management control in IDBI Bank.
Brookfield Real Estate Investment Trust unit price has been surging higher and higher after hitting a bottom at the end of March.
The momentum in the job market seems to have slowed in April, impacted by the ferocious second wave of the coronavirus infections.
However, the announcement of the upcoming third wave of the Covid variant in Maharashtra surely leaves doubt over the reopening of the business activity.
If the first scenario plays out, the hit to economic growth will be a marginal, say, 1% decline from the estimates of 11% growth in FY22.
MCX gold June futures were trading Rs 77 or 0.16 per cent higher at Rs 47,077 per 10 gram, as against the previous close of Rs 47,000.
If we break 14400, we will slide down to 14000-14100,” said Manish Hathiramani, Proprietary Index Trader and Technical Analyst, Deen Dayal Investments.
Sensex opened above 48,800 mark on Thursday morning, while Nifty 50 was still below 14,700.
US Indices closed with gains as Dow Jones hits a fresh new all-time high and Asian markets also opened stronger with Nikkei trading 2% higher.
While the Nifty has corrected from the high of 15,044, the index continues to hold above a rising trend line that has held the important lows of the last few months.
Nifty futures on Singaporean Exchange were trading 34 points or 0.23 per cent up at 14,724.50 on Singaporean Exchange, indicating a positive start for BSE Sensex and Nifty 50 on Thursday.
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Prices of Petrol and Diesel were hiked for the third day running on Thursday.
BSE Sensex and Nifty 50 were staring at a positive start on Thursday, after surging nearly one per cent higher in the previous session.
The Reserve Bank of India on Wednesday announced immediate liquidity of Rs 50,000 crore for banks for enabling them to extend Covid loans to healthcare entities.