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Sensex rallies over 1,100 points, Nifty trading above 8,400
Posted on 7th April 2020
Equity benchmark Sensex rallied over 1,100 points in early trade on Tuesday as banks, IT and auto stocks led the gains on global cues.

After hitting a high of 28,963.25, the 30-share BSE barometer was trading 1,165.92 points or 4.23% higher at 28,756.87. The NSE Nifty soared 337.20 points, or 4.17%, to 8,421.00.

IndusInd Bank, Mahindra and Mahindra, HCL Tech, ICICI Bank, Axis Bank and Infosys were the top gainers in the Sensex pack. Bajaj Finance was the sole loser.

In the previous session on Friday, Sensex ended 674.36 points or 2.39% lower at 27,590.95 and the Nifty shed 170 points, or 2.06%, to close at 8,083.80.

The market was closed on Monday on account of 'Mahavir Jayanti'.

Even as the number of cases worldwide rise, global equities traded positive Tuesday. Bourses in Shanghai, Hong Kong, Tokyo and Seoul rallied up to 2%.

Equities on Wall Street ended over 7% in overnight trade.

Over 13 lakh coronavirus cases and more than 74,000 deaths have been recorded globally.

The number of COVID-19 cases in India has crossed 4,400 and the death toll was 114, according to the Union Health Ministry.
Related Companies: Mahindra India   Bombay Stock Exchange - BSE   

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COVID-19 in India live updates: 9,851 new cases take India's count to 2.26 lakh, recovery rate at 48.27%
Posted on 5th 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 Thursday, the total number of confirmed cases of COVID-19 infection in India crossed the 2.25 lakh-mark, while the death toll breached the 6,300-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.

Unlock 1: Shops reopen in Mumbai on odd-even basis after remaining shut for two months
Posted on 5th June 2020
In a huge respite, business owners in Mumbai opened their shops after being closed for two months due to the COVID-19 lockdown. All shops providing non-essential services were closed by the government in March after it announced the nationwide lockdown to contain the spread of coronavirus.

Consumer confidence collapsed to historic low in May, says RBI survey
Posted on 5th June 2020
As the coronavirus pandemic continues to trouble India's economy, the consumer confidence has collapsed to a historic low, a survey by the Reserve Bank of India has showed.

Consumer confidence collapsed in May 2020, with the Current Situation Index (CSI) touching historic low and the one year ahead Future Expectations Index (FEI) also recording a sharp fall, entering the zone of pessimism, said RBI's Consumer Confidence Survey (CCS).

Maharashtra CM Uddhav Thackeray to visit Raigad to take stock of damages caused by Cyclone Nisarga
Posted on 5th June 2020
Two days after cyclone Nisarga made a landfall in Raigad district's Alibaug of Maharashtra, state chief minister Uddhav Thackeray will visit the affected areas on Friday to take a stock of the damages.

The visit comes a day after the CM held a video conference with the authorities to monitor the situation in the aftermath of the cyclone and asked the authorities to complete the 'panchnamas' or inspection and submit a report on the damages caused by Nisarga withing two days.

Abu Dhabi-based Mubadala to invest over Rs 9000 crore in Jio Platforms
Posted on 5th June 2020
Abu Dhabi-based investor Mubadala will buy a 1.85% stake in Jio Platforms for 9,093.6 crores.

Mubadala Investment Company (Mubadala) will invest Rs 9,093.60 crore in Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. Mubadala’s investment will translate into a 1.85% equity stake in Jio Platforms on a fully diluted basis, Reliance Industries Limited (RIL) said in a statement on Friday.

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