The Indian markets moved sharply higher, lifted by banks and financials, in Wednesday's afternoon trade after media reports said the US Senate leaders had reached deal with the White House on $2 trillion coronavirus stimulus package.
The S&P BSE Sensex jumped 1,619 points, or 6.03 per cent, up to 28,300 levels and the Nifty50 hovered around 8,250 levels, up 450 points, or 5.85 per cent. Nifty Bank clawed its way from the day's low to over 8 per cent higher.
Among individual stocks, Reliance Industries surged 10 per cent on report Facebook was eyeing stake in Reliance Jio. Besides, Axis Bank (up 15%), Kotak Mahindra Bank, ICICI Bank (both up 10%), and HDFC Bank (up 8%) were among the main contributors to the indices' upmove.
In broader markets, the S&P BSE MidCap index was up 2.19 per cent and the S&P BSE SmallCap index gained 1.22 per cent.
CATCH ALL THE LIVE UPDATES
Auto Refresh
02:12 PM
IRCTC hits lower circuit for 8th straight day, declines 58% in one month
The stock of the state-owned travel support services company hit a five-month low, and was trading at its lowest level since October 22, 2019. In the past one month, it has tanked 58 per cent, against a 30 per cent decline in the benchmark index. IRCTC had made a stock market debut on October 14, 2019. READ MORE
02:07 PM
European markets open higher
02:03 PM
STOCK ALERT | Reliance Industries, up 15%, records its sharpest intra-day rally in more than a decade
-- Earlier, on May 18, 2009, the stock had zoomed 24 per cent on the BSE
02:02 PM
NEWS ALERT | Parag Milk Foods' promoters repay debt worth Rs 6 crore : BSE filing
>> The outstanding loan amount now stands at Rs14.85 crores.
>> The promoters say they would repay the entire outstanding loan of Rs 14.85 crores as per the earlier announcements and release the entire lot of pledged shares.
01:49 PM
NEWS ALERT | Indian Bank announces Covid-19 emergency line: CNBC TV18
>> Indian Bank unveils credit lines for corporates, small businesses, retail customers & pensioners
01:44 PM
MARKET CHECK | Top gainers on the BSE at this hour
01:40 PM
Experts peg India's Covid-19 lockdown cost at $120 bn, call for relief plan
The Reserve Bank of India (RBI), which is scheduled to announce its first bi-monthly policy review on April 3, is set to deliver a deep rate cuts and it should also be assumed that the fiscal deficit targets will be breached, analysts said. READ MORE
01:38 PM
NEWS ALERT | Comprehensive package will be announced soon: NITI Aayog CEO Amitabh Kant to CNBC-TV18
-- Will ensure supply chains remain intact: NITI Aayog CEO
-- Not a time to look at fiscal deficit limitations: NITI Aayog CEO
01:31 PM
MARKET UPDATE:: Banks rebound from early morning lows
-- Axis Bank up 15% at Rs 349, recovered 22% from multi-year low of Rs 285 touched in intra-day trade on the BSE
01:26 PM
NEWS ALERT | Cabinet likely to have approved Rs 12,000 cr package for avation: TV reports
01:19 PM
Top BSE500 gainers today
COMPANY LATEST PREV CLOSE GAIN(%)
METROPOLIS HEALT 1334.55 1138.65 17.20
TRENT 465.00 404.95 14.83
ICICI LOMBARD 965.15 840.55 14.82
JAMNA AUTO INDS. 27.20 23.95 13.57
AXIS BANK 343.50 303.15 13.31Click here for the full list
The S&P BSE Sensex jumped 1,619 points, or 6.03 per cent, up to 28,300 levels and the Nifty50 hovered around 8,250 levels, up 450 points, or 5.85 per cent. Nifty Bank clawed its way from the day's low to over 8 per cent higher.
Among individual stocks, Reliance Industries surged 10 per cent on report Facebook was eyeing stake in Reliance Jio. Besides, Axis Bank (up 15%), Kotak Mahindra Bank, ICICI Bank (both up 10%), and HDFC Bank (up 8%) were among the main contributors to the indices' upmove.
In broader markets, the S&P BSE MidCap index was up 2.19 per cent and the S&P BSE SmallCap index gained 1.22 per cent.
CATCH ALL THE LIVE UPDATES
Auto Refresh
02:12 PM
IRCTC hits lower circuit for 8th straight day, declines 58% in one month
The stock of the state-owned travel support services company hit a five-month low, and was trading at its lowest level since October 22, 2019. In the past one month, it has tanked 58 per cent, against a 30 per cent decline in the benchmark index. IRCTC had made a stock market debut on October 14, 2019. READ MORE
02:07 PM
European markets open higher
02:03 PM
STOCK ALERT | Reliance Industries, up 15%, records its sharpest intra-day rally in more than a decade
-- Earlier, on May 18, 2009, the stock had zoomed 24 per cent on the BSE
02:02 PM
NEWS ALERT | Parag Milk Foods' promoters repay debt worth Rs 6 crore : BSE filing
>> The outstanding loan amount now stands at Rs14.85 crores.
>> The promoters say they would repay the entire outstanding loan of Rs 14.85 crores as per the earlier announcements and release the entire lot of pledged shares.
01:49 PM
NEWS ALERT | Indian Bank announces Covid-19 emergency line: CNBC TV18
>> Indian Bank unveils credit lines for corporates, small businesses, retail customers & pensioners
01:44 PM
MARKET CHECK | Top gainers on the BSE at this hour
01:40 PM
Experts peg India's Covid-19 lockdown cost at $120 bn, call for relief plan
The Reserve Bank of India (RBI), which is scheduled to announce its first bi-monthly policy review on April 3, is set to deliver a deep rate cuts and it should also be assumed that the fiscal deficit targets will be breached, analysts said. READ MORE
01:38 PM
NEWS ALERT | Comprehensive package will be announced soon: NITI Aayog CEO Amitabh Kant to CNBC-TV18
-- Will ensure supply chains remain intact: NITI Aayog CEO
-- Not a time to look at fiscal deficit limitations: NITI Aayog CEO
01:31 PM
MARKET UPDATE:: Banks rebound from early morning lows
-- Axis Bank up 15% at Rs 349, recovered 22% from multi-year low of Rs 285 touched in intra-day trade on the BSE
01:26 PM
NEWS ALERT | Cabinet likely to have approved Rs 12,000 cr package for avation: TV reports
01:19 PM
Top BSE500 gainers today
COMPANY LATEST PREV CLOSE GAIN(%)
METROPOLIS HEALT 1334.55 1138.65 17.20
TRENT 465.00 404.95 14.83
ICICI LOMBARD 965.15 840.55 14.82
JAMNA AUTO INDS. 27.20 23.95 13.57
AXIS BANK 343.50 303.15 13.31Click here for the full list
No comments:
Post a Comment