Name: Stock markets open higher; Nifty above 9,300
Uploaded: 2020-04-28T06:06:33.fff+05:30
Duration: T00M33S
Channel: editorji
Description: Indian equity markets jumped in opening trade on Tuesday tracking gains in financial stocks on Reserve Bank support amid tepid cues from global markets. At 9:40 am, the 30-share Sensex was 151.91 points higher at 31,894. Similarly, the NSE Nifty advanced 0.65% to 9,342.35. IndusInd bank, UPL, Axis Bank, HDFC and Zee ltd were the lop five Nifty gainers.

Indian equity markets jumped&nbsp;in opening trade on Tuesday tracking gains in financial stocks on Reserve Bank support amid tepid cues from global markets.
At 9:40 am, the 30-share Sensex was 151.91 points higher at 31,894. Similarly, the NSE Nifty advanced 0.65% to 9,342.35.
IndusInd bank, UPL, Axis Bank, HDFC&nbsp;and Zee&nbsp;ltd were the lop five Nifty gainers.
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Indian equity markets jumped in opening trade on Tuesday tracking gains in financial stocks on Reserve Bank support amid tepid cues from global markets. At 9:40 am, the 30-share Sensex was 151.91 points higher at 31,894. Similarly, the NSE Nifty advanced 0.65% to 9,342.35. IndusInd bank, UPL, Axis Bank, HDFC and Zee ltd were the lop five Nifty gainers.

Google could acquire a 5% stake in Vodafone&nbsp;Idea, the Financial Times has reported.&nbsp;According to the average price of the Vodafone Idea stock in the past two weeks, a 5% stake sale could fetch the company around $101 million. The telecom joint venture of Vodafone Group Plc and the Aditya Birla Group is also in talks with private equity firms for potential investments, as per some reports. Shares of Vodafone&nbsp;Idea locked into the upper circuit of 10% on NSE and BSE&nbsp;right after the session started on Friday.
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The Indian equity markets opened lower on Friday following global peers that fell due to rising geopolitical&nbsp;tensions.
At 9:30 am. the Sensex was 252 points down and the Nifty was trading 0.66% lower at 9,427.
Axis Bank, Adani&nbsp;Ports, Zee&nbsp;Ltd, Bajaj&nbsp;Finance and Tata&nbsp;Motors were the top Nifty losers. While, Infratel, Grasim, DRL, Cipla and Asian Paints were the top gainers.

The Indian stock market ended higher on Thursday for the second straight day led by private banks and auto.
The Sensex&nbsp;surged 595 points while the Nifty closed the session near 9,500 after rising 1.88%.&nbsp;Zee, Eicher&nbsp;Motor, L&amp;T, Hero Moto&nbsp;Corp and HDFC&nbsp;Bank were the top gainers.&nbsp;
The rupee settled 5 paise down at 75.76 against the US dollar.

The government has extended the time for interested parties to submit their bids for BPCL&nbsp;by two months due to the Covid-19 pandemic. Bidders now have to submit their 'expression of interest' by July 31. The government had in March invited bids to sell its 53% stake in BPCL, the country's second-largest oil retailer, as part of the efforts to speed up the privatisation process.&nbsp;

In a bid to provide a boost to gold financiers, the Reserve Bank of India is considering increasing the Loan to Value (LTV) ratio from 75% to 85% and the apex bank may announce the decision in a few days. As per a Zee Business report, in case the LTV in the gold loan is increased, borrowers will be able to get up to 85% of the liquid value of their&nbsp;mortgaged yellow metal.&nbsp;

Microsoft is negotiating an investment of as much as $2 billion in Reliance Industries'&nbsp;Jio Platforms, as per some reports. Microsoft has been in discussions with several players in the digital payments services space. With Reliance, Microsoft is interested in buying more than a 2.5% stake in Jio Platforms. Jio&nbsp;has already attracted investments worth $10 billion in just a month from marquee investors.

Indian equity benchmarks opened with gains on Thursday following positive global cues.&nbsp;
At 9:30 am, the Sensex was 210 points higher and the Nifty was trading 0.73% in the green at 9,382.
ONGC, Tata&nbsp;Steel, L&amp;T, GAIL and Tata&nbsp;Motors were the top five Nifty movers.&nbsp;

Indian stock markets ended with strong gains on Wednesday owing to a massive short covering seen&nbsp;in banking and financial stocks ahead of the May expiry. Global markets also lifted investors' sentiment.
The Sensex&nbsp;jumped almost 1,000 points and the Nifty spiked 3.17% to end above 9,300.
Axis Bank, ICICI&nbsp;Bank, Wipro, Grasim&nbsp;and Bajaj&nbsp;Finance were the top five market movers. Bank Nifty swelled 7.28%.
The rupee depreciated 5 paise to settle at 75.71 against the US dollar.

Indian equity markets fell in the red right after opening with gains on Wednesday as FMCG&nbsp;and Auto stocks dragged.
At 10 am, the Sensex&nbsp;was almost flat at 30,606 and the Nifty was 4 points in red.
M&amp;M, Ultra Tech Cement, ITC, Maruti and Asian Paints were the top losers. While, Hindalco, UPL, Tata&nbsp;Motors, Kotak&nbsp;Bank and L&amp;T were the top gainers.

Equity benchmarks ended flat on Tuesday dragged mainly by IT and pharma stocks. The Sensex ended 63 points lower at 30,609 while the Nifty fell 10 points to settle at 9,029.
Airtel, Bajaj&nbsp;Finserv, TCS, Bajaj&nbsp;Finance and Sun Pharma&nbsp;were the top losers. JSW&nbsp;Steel, Eicher Motor, Titan, Ultra Tech Cement and IndusInd&nbsp;Bank were the top gainers.
The rupee appreciated by 29 paise to close at 75.66 against the US dollar.

Indian equities opened higher on Tuesday following gains in global markets. At 9:17 am, the Sensex&nbsp;was 371 points higher and the Nifty was trading at 9,125; almost a percent higher.&nbsp;ITC, HDFC&nbsp;Bank, JSW&nbsp;Steel, Eicher&nbsp;Motor and Hindalco were the top five Nifty movers.

The New York Stock Exchange&nbsp;is set to reopen its trading floor on Tuesday after a two-month closure due to the coronavirus pandemic. The NYSE is one of the few bourses to still feature floor trade, while most have shifted to fully-electronic trading. Under the new measures only a quarter of the normal number of traders will be allowed to return to work.

Bharti Airtel promoters may&nbsp;sell $1 billion worth of shares in the company, as per a&nbsp;CNBC Awaaz&nbsp;report. The telecom major will sell 15 crore shares via a block deal on May 26.&nbsp;JP Morgan is the banker to the deal which is likely to be at a 6% discount to the closing price of ₹593 on the BSE on Friday.

The Asian Markets were mixed on Monday amid concerns over rising US-China tensions, optimism on reopening of economies and hopes about more stimulus measures by global central banks. At 9:15 am, Hong&nbsp;Kong&nbsp; market's&nbsp;benchmark index was down 0.9% due to rising political agitation. Australia's ASX&nbsp;200 was up 1.48%, Japan's Nikkei&nbsp;rose 1.45%, while Chinese markets were almost flat.
Crude oil, which fell due to the rising US-China tensions, reversed the trend on Monday as the Brent crude spot was up 1.43% at $34.66, similarly, the US West Texas Intermediate was almost 2% higher.

Domestic stock markets fell on Friday lead by losses in financial and banking stocks as RBI's announcement to extend moratorium put pressure on lenders' financial health.&nbsp;US-China tensions and political agitation in Hong&nbsp;Kong were also a major concern on global markets.&nbsp;The Sensex&nbsp;ended the day 260 points down and the Nifty fell 0.69% to close at 9,034.&nbsp;Axis Bank, HDFC, Bajaj&nbsp;Finserv, Bajaj&nbsp;Finance, and Hindalco&nbsp;were the&nbsp;top five Nifty&nbsp;losers.&nbsp;The rupee fell 34 paise to end at 75.95 against the US dollar.

Indian bond markets rallied after the central bank cut its benchmark policy rate in an emergency session as the economy reeled from the coronavirus outbreak. The yield on the most-traded 2029 g-sec bonds fell 12 basis points to 5.91%, while that on the new 10-year notes dropped seven basis points.

Indian equity markets fell in the first half on Friday as banking and financial stocks plunged soon after the RBI&nbsp;announced to extend the moratorium on term loans by another three months.
At&nbsp; 11:45 am, the Sensex was down 245 points and the Nifty fell 0.86% to trade around 9,000 levels.
Axis Bank, HDFC, Bajaj&nbsp;Finserv, ICICI&nbsp;Bank and Bajaj&nbsp;Finance were the top Nifty losers. Bank Nifty slipped&nbsp;over 800 points from the day's high right after the announcement.

The Reserve Bank of India Governor Shaktikanta Das on Friday announced that the central bank has reduced the reverse repo rate - the rate at which banks park their fund with the central bank - by 25 basis points to 3.75%. This will encourage banks to lend to the productive sectors of the economy. However, the repo&nbsp;rate remains the same as the last policy committee.

Benchmark indices&nbsp;slipped from day's high to close a bit higher on Thursday amid high volatility due to the weekly expiry.
The Sensex ended 114 points higher and the Nifty ended the session near 9,100, up 0.44%.
ITC, Hindalco, Asian Paint, Hero Moto Corp and Maruti&nbsp;were the top gainers in the Nifty index.
The rupee appreciated 19 paise to close at 75.61 against the US dollar.

The US Senate has passed a legislation on Wednesday that could prevent some Chinese companies from listing their shares on US exchanges unless they follow standards for US audits and regulations, the Reuters reported. The measure also would require public companies to disclose whether they are owned or controlled by a foreign government. The bill is written to apply to all foreign companies, but it is targeted particularly at China, the report said.

Stock markets open higher; Nifty above 9,300

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Stock markets open higher; Nifty above 9,300

Apr 28, 2020 18:06 IST

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