Name: Stock markets open higher; Nifty close to 9,500
Uploaded: 2020-04-29T10:52:26.fff+05:30
Duration: T00M31S
Channel: editorji
Description: Indian equity markets opened higher on Wednesday following global peers. At 9:45 am, the Sensex was up 302 points at 32,417 and the Nifty was trading 0.91% higher at 9,466. HDFC, Bajaj Finance, JSW Steel, Hindalco and Bajaj Finserv were the top gainers. While, Axis Bank, IndusInd Bank, Hindustan Unilever, Titan and Asian Paints were the top five Nifty losers.

Indian equity markets opened higher on Wednesday following global peers.
At 9:45 am, the Sensex was up 302 points at 32,417 and the Nifty was trading 0.91% higher at 9,466.
HDFC, Bajaj&nbsp;Finance, JSW&nbsp;Steel, Hindalco&nbsp;and Bajaj&nbsp;Finserv&nbsp;were the top gainers. While, Axis Bank, IndusInd&nbsp;Bank, Hindustan Unilever, Titan and Asian Paints were the top five Nifty losers.

Indian equity markets opened higher on Wednesday following global peers. At 9:45 am, the Sensex was up 302 points at 32,417 and the Nifty was trading 0.91% higher at 9,466. HDFC, Bajaj Finance, JSW Steel, Hindalco and Bajaj Finserv were the top gainers. While, Axis Bank, IndusInd Bank, Hindustan Unilever, Titan and Asian Paints were the top five Nifty losers.

The government has extended anti-dumping duty on a certain variety of steel products till December 4 this year with a view to guard domestic manufacturers from cheap imports coming from China, Malaysia and Korea. The duty on imports from the said countries was first imposed by the finance ministry on June 5, 2015, for five years. Metal stocks witnessed&nbsp;fresh buying as the Nifty Metal index rose 2.77% post the development.

State-run State bank of India's board will meet on June 11 to decide on long-term fundraising&nbsp;of as much as $1.5 billion in single or multiple tranches.&nbsp;The transaction could be done through public offer or private placement of bonds in US dollar&nbsp;or any other convertible currency during FY21.

Equity markets opened higher on Friday following gains in metal and banking stocks.
At 9:40 am, the Sensex was 290 points up at 34,271 and the Nifty rose over 1% to trade above 10,100.
Tata&nbsp;Motors, Tata&nbsp;Steel, UPL, Infratel&nbsp;and JSW&nbsp;Steel were the top five nifty movers.

Abu Dhabi-based sovereign investor Mubadala Investment Company will buy 1.85% stake in Mukesh Ambani's Jio Platforms for&nbsp;₹9,093&nbsp;crore, RIL&nbsp;said on Friday.&nbsp;With the sixth deal, Jio has raised ₹87,655&nbsp;crore by selling 18.97% of its stake in less than seven weeks. The latest transaction gives Jio Platforms an equity valuation of ₹4.91 lakh&nbsp;crore and an enterprise value of ₹5.16 lakh&nbsp;crore.

Indian equity markets fell on Thursday after a very volatile session due to weekly expiry.
The Sensex&nbsp;ended 128 points lower, while the Nifty fell 0.32% to close a bit above 10,000.
Asian Paints, Bajaj&nbsp;Finance, HDFC, IndusInd&nbsp;Bank and Kotak&nbsp;Bank were the top losers. Whereas, Vedanta, Bharti&nbsp;Airtel, Zee, Tech Mahindra&nbsp;and Sun Pharma&nbsp;were among the top Nifty gainers.
The rupee depreciated 10 paise to close at 75.57 against the US dollar.&nbsp;

UK&rsquo;s Standard Life has sold 4 crore shares in HDFC Life through block deals on Thursday to raise up to ₹1,960 crore.&nbsp;Standard Life will sell stake in HDFC Life&nbsp;at 490&ndash;501 per share on June 4. The UK-based firm has divested nearly 17% stake in HDFC Life since January last year. Standard Life held 29.25% stake as on December 2018, which has reduced to 10.27% in HDFC Life.
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The&nbsp;₹53,125-crore rights issue of Reliance Industries&nbsp;was subscribed 1.6 times as it closed on Wednesday, in a major boost to the oil-to-telecom conglomerate&rsquo;s efforts to erase its debt.&nbsp;The shares will be allotted on or around June 10 and the rights shares are expected to be listed on BSE and NSE on or around June 12.

The country's largest stocks buyer, LIC may cut its equity investment target to about ₹30,000 crore for the current year, Hindustan Times reported. The investment would be the lowest in a decade as new premium growth declined amid coronavirus-related disruptions.&nbsp;LIC invested around ₹47,000 crore in stocks in the financial year 2020, which was&nbsp;21% less than the previous fiscal year.

The Union Minister of Commerce &amp; Industry&nbsp;Piyush Goyal&nbsp;in a webinar with real estate developers on Wednesday asked them to reduce prices and sell their inventory rather than wait for the market to bounce back. He added that if developers feel the government will finance them and they will hold out longer for the market to improve, "the market will not recover in a hurry&rdquo;. "Things are seriously stressed and your best bet is to sell," he said.

Equity markets opened higher on Thursday following gains in the global peers.
At 9:25 am, the Sensex was 129 points up at 34,239 and the Nifty rose 0.53% to 10,115.
Vedanta, UPL, Tata&nbsp;Motors, Tech Mahindra and GAIL were the top Nifty gainers.

Stock markets ended the day in the green, however,&nbsp;indices&nbsp;closed off the day's high due to the profit-booking.&nbsp;The Sensex&nbsp;closed 284 points higher at 34,109 after touching an intraday&nbsp;high of 34,488. Similarly, the Nifty, which surged over 1.6%, ended the session only 0.8% up.
Markets witnessed profit-booking ahead of weekly expiry on Thursday as the Nifty surged more than 11% in the last six days. PSU banks were the biggest contributors in the Nifty's&nbsp;gain.
M&amp;M, Bajaj&nbsp;Finance, Kotak&nbsp;Bank, Nestle and ICICI&nbsp;Bank were the top five gainers.
The rupee also surrendered all intraday gains to settle 11 paise lower at 75.47 against the US dollar.
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Oil surged on Wednesday to a near three-month high over speculation that major producers will extend production cuts as the world recovers from the coronavirus pandemic. Brent crude&nbsp;was up 0.9% at $39.79. The Organization of the Petroleum Exporting Countries and others including Russia may extend production cuts of 9.7 million barrels per day&nbsp;or about 10% of global output in July or August, Reuters reported.

The Indian stock markets opened with strong gains on Wednesday following positive global cues.&nbsp;
At 9:20 am, the Sensex&nbsp;was 498 points higher and the Nifty surged 1.62% to trade around 10,141.
Britannia, Bajaj&nbsp;Finance, Bajaj&nbsp;Finaserv, Tata&nbsp;Motors and Axis Bank were the top Nifty movers. 49 out of 50 stocks in the Nifty 50 index were in the green.
&nbsp;

Indian equity markets ended Tuesday with gains, dominated by financials&nbsp;and positive global sentiment.&nbsp;
The Sensex&nbsp;closed the day 522 points higher and the Nifty surged 1.56% to end slightly lower than 10,000.
Bajaj&nbsp;Finserv, Zee, Bajaj&nbsp;Finance, Kotak&nbsp;Mahindra&nbsp;Bank and Tata&nbsp;Motors were the top Nifty movers. Whereas, Coal India, Maruti, BPCL, ITC and DRL&nbsp;were the top&nbsp;losers.
The rupee on Tuesday rebounded by 18 paise to close at 75.36 against the US dollar.

The RBI's decision to extend the moratorium on loan repayment by three more months will be credit negative for NBFCs,&nbsp;Moody's Investors Service has said. It said that NBFCs manage their liquidity primarily by matching outflows, mainly debt repayments, with inflows from customer loan repayments. The initial moratorium has led to a significant decline in cash inflows and has adversely impacted the liquidity of NBFCs. The extension of the moratorium will add additional stress to cash inflows, which will continue for at least three more months, the report said.

Billionaire banker Uday Kotak&nbsp;will be selling 56 million equity shares or a 2.83% stake worth over ₹6,800 crore in Kotak&nbsp;Mahindra&nbsp;Bank. The stake sale would help bring down his stake in the country's fourth largest private sector lender to the RBI-mandated 26%.&nbsp;Uday&nbsp;Kotak&nbsp;has had a long run-in with the Reserve Bank over his excess personal holding in the bank.&nbsp;The price band for the share sale has been fixed at ₹1,215 to ₹1,240 apiece.

Indian equity markets opened higher on Tuesday led by auto and pharma stocks.
At 9:30 am, the Sensex&nbsp;was 240 points up and the Nifty rose 0.68% to trade near 9,900.
Kotak&nbsp;Mahindra&nbsp;Bank, M&amp;M, Tata&nbsp;Motors, Bajaj&nbsp;Finance and Hindalco were the top five Nifty movers.

Equity markets rallied on Monday lead be strong gains in PSU&nbsp;banks as a major part of the Indian economy has resumed&nbsp;operations.
The Sensex&nbsp;jumped 879 points, while the Nifty surged 2.57% to end above 9,800.
Bajaj&nbsp;Finance, Bajaj&nbsp;Finserv, Titan, Tata&nbsp;Steel and M&amp;M were the top five gainers in the Nifty 50 index.
The rupee appreciated 8 paise to close at 75.54 against the US dollar.

Indian equity markets rallied in the opening trade on Monday following positive global cues.
At 9:30 am, the Sensex&nbsp;was 739 points up at 33,163 and the Nifty jumped 2.25% to trade around 9,800.
JSW Steel, Tata&nbsp;Steel, Axis Bank, Bajaj&nbsp;Finserv and Bajaj&nbsp;Finance were&nbsp;the top five Nifty gainers. 47 of 50 stocks in the Nifty pack were&nbsp;in the green.

After the steepest downturn on record in April, crude oil registered its best month ever in May.&nbsp;West Texas Intermediate gained almost 90% in May owing to an uptick in demand as well as record supply cuts.&nbsp;WTI&rsquo;s second-best month on record was September 1990, when it gained 44.6%.&nbsp;The US oil benchmark&nbsp;dropped below zero for the first time on record in April.
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Stock markets open higher; Nifty close to 9,500

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Stock markets open higher; Nifty close to 9,500

Apr 29, 2020 10:52 IST

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