After two successive weeks Index rally, the share benchmarks seemed to have taken a respite as Sensex and Nifty ended almost unchanged in the week gone by. Falling rupee sentiments, weak global signals and the no-confidence motion in the parliament session knocked the sentiment of investors. Looking ahead the coming week, trading is expected to […]
Benchmark indices ended with a positive bias on Friday with Sensex spurting 145.14 points to settle at 36,496.37 while the Nifty50 of the NSE edged up 53.10 points to close at 11,010.20 amidst Govt’s confidence of winning the trust vote in the Parliament. Major gainers in the Nifty pack were Bajaj Finance, Bajaj Finserv, Sun […]
The government on Wednesday announced Rs.20 hike in the sugarcane Fair & Remunerative Price (FRP) to Rs. 275 per quintal required to be paid by sugar mills to cane growers for the 2018-19 crop year. The govt of late also announced an increase in the MSP or minimum support price of kharif crops including paddy. […]
The government of India has announced a capital infusion of Rs 11,336 crore in five banks via the Indradhanush Scheme of 2015. Five public sector banks namely IOB, Corporation Bank, Punjab National Bank, Andhra Bank and Allahabad Bank are scheduled to get this capital infusion. The capital infusion which was approved by the finance ministry […]
Benchmarks ended in green on Tuesday with the NSE Nifty gained 71.20 points to close at 11,008.05 whereas BSE Sensex rose 196.19 points to end at 36,519.96 on Tuesday.
Oil Marketing companies rallied in today’s trade with Hindustan Petroleum Corp (up 7.15%), Indian Oil Corp (up 4.89%), Bharat Petroleum Corp (up 3.07%), as top gainers on Nifty, followed by Hindalco, Axis Bank and SBI which went upto 3% in trade.
On the flip side, HUL, Bharti Airtel, Dr. Reddy’s, Tech Mahindra and Eicher Motors come out as the top losers in the Nifty index.
Nifty FMCG alone failed to perform, with the index ended 1.01 percent down on losses in HUL, Colgate Palmolive, Britannia, Marico and ITC.
Nifty PSU Bank Index was the top sectoral performer with the index rising 3.86 percent higher, with Union Bank, Bank of Baroda, and PNB which rose upto 6 percent, followed by the other gainers, in trade today.