The Indian benchmark indices were trading on a positive note on Thursday afternoon with the Nifty gaining 59 points at 10,215 while the Sensex was up 218 points.The Nifty metal Index was down 1 percent but it was Bhushan Steel which was the outperforming stock in the sector as it zoomed close to 12 percent intraday.The Bank Nifty was also trading in the green, up 0.75 percent led by ICICI Bank which jumped 2 percent followed by Federal Bank and Axis Bank. However, Yes Bank fell over 2 percent while Bank of India was down 3 percent.Close From the Nifty the stocks which gained the most were M&M, State Bank of India and Bharti Infratel, each jumping 2 percent followed by Reliance Industries and ICICI Bank. related news Axis Bank CFO Jairam Sridharan puts in his papers Corporate Buzz podcast | Birla warns Vodafone Idea may shut; relief for Yes Bank; auto sales and more D-Street Buzz: Banks bleed led by YES Bank, RBL … [Read more...] about Market Update: RIL, SBI, ICICI Bank top Nifty gainers; Trent jumps 5%, LIC Housing Lupin hit 52-week low
High or low
The Indian markets on Thursday morning were trading flat with the Nifty shedding 4 points or 0.05 percent while the Sensex was up 10 points.The Nifty midcap index was 0.6 percent led by Andhra Bank, IDBI Bank, JP Associates, Jubilant Foodworks, Reliance Power, Strides Shasun and Unitech.CNX Pharma gained close to 1 percent aided by stocks like Divi's Labs, Sun Pharma, Dr Reddy's Labs and Glenmark Pharma.Close The top Nifty gainers included Tech Mahindra which added 1.5 percent followed by Wipro, Dr Reddy's Labs, Mahindra & Mahindra and Bajaj Finance. related news Corporate Buzz podcast | Birla warns Vodafone Idea may shut; relief for Yes Bank; auto sales and more D-Street Buzz: Banks bleed led by YES Bank, RBL Bank, SBI; Omaxe tanks 20% Shakti Pumps shares fall 3% after CARE revises credit rating The top Nifty losers included IOC which fell close to 2.5 percent followed by BPCL, NTPC, Yes … [Read more...] about Market Update: Nifty pharma outperforms led by Sun Pharma, Dr Reddy’s, MMTC zooms 13%; IOC at 52-week low
The Indian markets on Monday morning were trading lower with the Nifty shedding 40 points or 0.39 percent while the Sensex was down 99 points.Nifty Realty was down 1.4 percent dragged by Unitech which fell 3 percent followed by Delta Corp, DLF, HDIL and Indiabulls Real Estate, each shedding 2 percent.CNX metal index was down over 2 percent as stocks like SAIL plunged 7 percent while NMDC was down 6 percent. Tata Steel, Jindal Steel & Power and JSW Steel were all trading lower by over 2 percent each.Close The top Nifty gainers included Lasren & Toubro which added 1 percent followed by Maruti Suzuki, Mahindra & Mahindra, Tata Consultancy Services and Hindustan Unilever. related news In The News podcast | Hyderabad rape accused gunned down; Maruti recalls 63,000 cars; Saudi Aramco IPO and more D-Street Buzz: Banks bleed led by YES Bank, RBL Bank, SBI; Omaxe tanks 20% Shakti Pumps shares fall 3% after CARE revises credit rating The top Nifty … [Read more...] about Market Update: Nifty metal underperforms as by SAIL, NMDC fall 6%; BEML, IOC hit 52-week low, L&T top gainer
Wall Street ended solidly higher on Friday as a strong jobs report and optimism about US-China trade negotiations ahead of an upcoming deadline helped stoke investor risk appetite.All three major US stock indexes gained ground, hovering within 1 percent of record highs set last week.But as a tumultuous week of contradictory trade news and mixed economic data drew to a close, only the S&P 500 posted a weekly gain. The Dow and the Nasdaq ended the session down from last Friday's close.Close The US economy added 2,66,000 jobs in November, the largest increase in 10 months, according to the Labor Department, blowing past analyst estimates. The unemployment rate edged down to 3.5 percent. related news Wall Street opens higher after strong jobs data, calmer tone on trade Wall Street inches higher as December 15 tariff deadline looms "This type of report shows underlying economic strength, and it gives corporate management confidence in the strength of the economy," said … [Read more...] about Wall Street climbs on solid jobs data, trade hopes; Dow Jones rallies over 300 pts
Manas ChakravartyMarkets across the world have suddenly been spooked by fears of a growth slowdown. Here’s what the Reserve Bank of India said in its monetary policy statement a few days ago: "…global economic activity has shown increasing signs of weakness on rising trade tensions. Among advanced economies, economic activity appears to be slowing in the US in Q42018, after a buoyant Q3. The Euro area growth lost pace in Q3, impacted by weaker trade growth and new vehicle emission standards. The Japanese economy contracted in Q3 on subdued external and domestic demand."The RBI said growth was also slowing in some emerging markets, most importantly China. For India too, there have been warnings of lower growth after the September quarter gross domestic product growth came in lower than anticipated. Fitch Ratings has been the latest to jump aboard the bandwagon, reducing its estimate of India's GDP growth this fiscal from 7.8 percent earlier to 7.2 percent.Close … [Read more...] about Quick Take | Does the market really have a reason to worry about lower global growth?