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Stocks gain fresh momentum: Sensex closes 646 points higher, Nifty at 11,313
Posted on 10th October 2019
Equity benchmark indices reversed early losses on Wednesday and surged upwards, led by banking and financial stocks ahead of the Q2 corporate earning results.

At the closing bell, the BSE S&P Sensex was up by 646 points or 1.72% at 38,178. The Nifty 50 wound up 187 points higher at 11,313. At the National Stock Exchange, all sectoral indices were in the positive zone except for IT.

Led by cheerful market sentiment, Nifty bank edged higher by 3.6% and financial service by 3%. But Nifty IT slipped by 0.7%.

Among stocks, Raymond jumped by over 10% intraday after its associate company signed an agreement to sell its property in Thane for Rs 700 crore.

Private lenders IndusInd Bank and ICICI Bank moved up by 5.5% and 4.9% respectively while State Bank of India gained by 5.1% ahead of the festive season.

Bharti Infratel witnessed a gain of 5.3%, Bharti Airtel by 5.2%, UltraTech Cement by 4.9%, Mahindra & Mahindra by 4.3% and Tata Steel by 4%.

But Yes Bank was down by 5.1% at Rs 43.30 per share after the lender denied media reports saying it is in talks with three technology companies, including software major Microsoft, for a strategic investment.

Hero Motocorp, Titan, Zee Entertainment, HCL Technologies and ITC too were in the red with a loss between 1.2 and 2.8%.

Meanwhile, Asian markets were sharply lower as US-China trade frictions persisted even as officials from the two countries meet this week to work out a deal.

Japan's Nikkei slid by 0.6% in its biggest decline over a week while Hong Kong shares fell by 0.8% due to persistent worries about the often violent protest against China's rule of the former British colony.

Related Companies: Bombay Stock Exchange - BSE   National Stock Exchange of India Ltd (NSE)    

Other Latest News
Swiggy starts liquor home delivery in Bengal, says following safety norms
Posted on 4th June 2020
Food delivery platform Swiggy started on Thursday online processing and home delivery of alcohol in West Bengal after obtaining approvals from the state government.

The company is offering the service in Kolkata and Siliguri, days after first launching delivery in Jharkhand and Odisha.

Fugitive Vijay Mallya likely to be extradited to India from UK soon
Posted on 4th June 2020
In a huge diplomatic win for India, fugitive liquor baron Vijay Mallya is likely to be extradited from United Kingdome to India, reports have said.

The speculations come in the wake of the rejection of Mallya application by the High Court of Justice, London against his extradition to face trial in India. The plea was rejected last month and it vindicated the investigation by the Central Bureau of Investigation (CBI), as Mallya has raised various concerns regarding the admissibility of evidence and the fairness of the investigation, the tactics aimed at diverting attention from his own acts.

Jaish planning more vehicle-borne IED attacks in J&K: Intel
Posted on 4th June 2020
Days after the security forces in Jammu and Kashmir foiled a Pulwama style terrorist attack after intercepting a vehicle laden with explosives, intelligence sources have said that Jaish-e-Mohammad (JeM) terrorists are planning another Vehicle-Borne Improvised Explosive Device (VBIED) attack on security forces in Kashmir.

Following the inputs, security forces have been put on high alert.

Mahatma Gandhi's statue vandalised outside Indian embassy in US, probe underway
Posted on 4th June 2020
Mahatma Gandhi's statue outside the Indian Embassy in Washington DC was vandalised on Wednesday by a group of unidentified people involved in the protests against the murder of a black man George Floyd at the hands of a policeman at Minneapolis.

The United States Park Police has launched an investigation into the matter.

COVID-19 in India live updates: Highest spike in cases yet again, 9304 new reported on Wednesday
Posted on 4th June 2020
The number of coronavirus cases in India has marked significant and consecutive highest jumps over a major part of the last two weeks.

On Wednesday, the total number of confirmed cases of COVID-19 infection in India crossed the 2.07 lakh-mark, while the death toll breached the 5,800-mark as well. With this, India has now become the world's seventh worst-hit country in terms of coronavirus cases, according to the World Health Organisation's (WHO) COVID-19 tracker.

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