Skip to main content

Share market updates: Sensex, Nifty set to open higher;Yes Bank,Jet Airways in focus

Market opens The market has begun the day on a strong note, with the Sensex jumping over 200 points up. The Sensex is up 210.98 points or 0.59% at 36191.91, and the Nifty up 54.10 points or 0.50% at 10856.30. The market breadth is positive as 330 shares advanced, against a decline of 109 shares, while 30 shares were unchanged.

Banks, automobiles and pharmaceutical sectors are gaining the most, while the Nifty Midcap index is higher by half a per cent. Infosys, Tata Motors, and Bharti Airtel are the top gainers, while Tata Steel and Eicher Motors have lost the most. 

Rupee edges higher against US dollar

The Indian rupee strengthened marginally against the US dollar, tracking gains in Asian markets as increasing optimism the US and China will be able to defuse their trade war outweighed a worsening global growth outlook. At 9.10am, the rupee was trading at 70.13 a dollar, up 0.09% from the previous close of 70.20.


Jet Airways falls 1% Shares of Jet Airways fell over a per cent in morning trade on Wednesday as investors reacted to multiple developments. The Naresh Goyal-led airline flew 14.7 lakh passengers in November 2018, down by about 1.5 lakh passengers from January. In January 2018, the airline had flown 16.2 lakh passengers, show statistics from the DGCA.

Bandhan-Gruh Finance merger favours HDFC, no one else
Bandhan Bank Ltd’s merger with Gruh Finance Ltd appears to be a deal that was born out of compulsion and is anything but sweet for minority shareholders of the bank and the mortgage lender, analysts said. The crash in share prices of Bandhan Bank and Gruh Finance following the merger announcement points to that effect. In the past two days, Bandhan Bank has dropped by around 10% to ₹477.05 on BSE, while Gruh Finance, controlled by Housing Development Finance Corp. Ltd (HDFC), has plunged by around 20% to ₹256.

Share Market | Bank Nifty | Jet Airways | Rupee


Comments

Popular posts from this blog

Mukesh Ambani, 4 other Indians on Bloomberg Billionaires Top 100 Index

Amazon CEO Jeff Bezos has added $21.8 billion to his fortunes this year and takes the top spot, while Microsoft founder Bill Gates was ranked 2nd as his wealth declined by $1.36 billion year-to-date.
Reliance Industries Chairman and Managing Director Mukesh Ambani has been ranked 19thon Bloomberg Billionaires Top 100 Index as he becomes the third richest Asian on the list. With a net worth of approximately $38.3 billion, Ambani’s wealth is pegged at about over 1.5 percent of India’s GDP. Apart from Ambani, four other Indians who have made it to the list include ArcelorMittal CEO Lakshmi Mittal (51), Shapoorji Pallonji Group Chairman Pallonji Mistry (61), Wipro Chairman Azim Premji (66), and HCL Chairman Shiv Nadar (85). Overall, there are 24 Indians on Bloomberg Billionaires top 500 Index, which was released on April 2. Although Ambani’s wealth has grown by $9.3 billion as compared to the same period last year, it declined by $2.3 billion year-to-date. While Amazon CEO Jeff Bezos has…

Share market updates: Sensex falls 100 points,Nifty near 10,750; BoB uo 3%,Dena, Vijaya Bank Slump On Merger Deal

Market opens Equities have begun the day on a flat note, with the Nifty trading below 10,800. The Sensex is up 28.52 points or 0.08% at 35920.04, while the Nifty is down 2.20 points or 0.02% at 10790.30. The market breadth is negative as 268 shares advanced, against a decline of 139 shares, while 31 shares were unchanged. Wipro, Sun Pharma, Coal India and Titan are the top gainers, while ONGC, TCS, and HPCL lost the most. 
Rupee weakens for the 2nd day against the dollar The Indian rupee on Thursday weakened for a second session against the US dollar, tracking losses in its Asian peers amid mounting concern about the global outlook after Apple Inc. cut its revenue forecast. At 9.13am, the rupee was trading at 70.37 a dollar, down 0.22% from the previous close of 70.17. It opened at 70.17. The 10-year gilt yield was trading at 7.393% from its previous close of 7.355%.


Dena, Vijaya Bank Fall; Bank Of Baroda Gain After Three-Way Merger Deal Shares of Dena Bank slumped 19.38 per cent, the …

Share market updates:Sensex Gains Over 150 Points,Nifty reclaims 10700; Tata Motors up 2.5%

Mumbai: Indian benchmark indices BSE Sensex and NSE Nifty 50 advanced on Friday led by auto and metal stocks. Japan stocks slumped 4% on its first trading day of the year, leading Asian stocks lower, after weak economic data added to anxiety about global growth and Apple’s sales outlook cut sunk US stocks. Moreover, in India, investors turned cautious ahead of corporate earnings season beginning next week, with TCS and Infosys reporting December quarter results in the first round. Oil prices fell nearly 1% after the US showed signs of following Asia into an economic slowdown, although supply cuts by producer club OPEC kept declines in check.


Money Market Update: Rupee Strengthens After Two-Day Fall The Indian rupee strengthened after a two-day fall. The home currency appreciated as much as 0.35 per cent to 69.93 against the greenback.
Jet Airways shares down over 3% Jet Airways shares fell as much as 3.34% to Rs 238.60 per share after the Economic Times reported the company has proposed…