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Monday
August 2020
11:38 PM IST
News Headlines
NIA arrests six more people and conducts searches at 6 places in Kerala gold smuggling case        Union Minister observes fast as BJP seeks to step up pressure on Ker govt in gold smuggling case        Kerala crosses 25,000 COVID-19 cases as 1,169 test positive        Heavy rains forecast in Kerala this week; Low pressure likely in Bay of Bengal        Shah tests +ve for COVID-19, admitted to Medanta hospital in Gurugram        International passengers with negative COVID-19 test report can skip institutional quarantine: Govt        High time Mehbooba Mufti is released, says Rahul Gandhi        Death toll in Punjab spurious liquor tragedy rises to 104        Trump Says Federal Government Should Seek Death Penalty For Boston Bomber        Khamenei''s top aide praises Turkey''s Hagia Sophia move        IPL GC Meet: Final on Nov 10, Chinese sponsors intact, COVID replacements allowed        2nd ODI: Bairstow, Rashid shine in England''s 4-wicket win over Ireland        Kerala''s COVID-19 tally inching towards 25,000 mark, 1129 ccases, death toll climbs to 82        Kerala police SI dies of COVID-19; first from the force to succumb to the virus        If high command forgives rebels, I will welcome them back: Gehlot        Former SP leader and Rajya Sabha MP Amar Singh dies at 64        Wild fire: 200 homes evacuated in Southern California        Emirati nuclear plant successfully starts up first reactor        Ready to push for continued advancement of China-Nepal ties: Xi        Some 17,000 people hit streets of Berlin to protest COVID-19 measures        
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Business News
Investors become richer by Rs 1.81 lakh cr as stocks zoom
 
New Delhi, Nov 25 (PTI) Investor wealth rose Rs 1.81 lakh crore on Monday driven by a strong rally in the broader market where the BSE benchmark surged 530 points to hit a fresh closing high of 40,889.23.

The 30-share BSE Sensex closed 529.82 points higher or 1.31 per cent at 40,889.23. During the trade, it zoomed 572.3 points to 40,931.71, its record intra-day high.

Led by this, the market capitalisation (m-cap) of the BSE-listed companies rose Rs 1,81,930.89 crore to Rs 1,54,55,740.67 crore.

"Signs of a cooling in rhetoric between the US and China has contributed to a resumption in foreign flows into India -- today's (Monday) market move is in line with similarly strong sentiment across Asian markets," S Hariharan, head (sales trading), Emkay Global Financial Services, said.

According to market traders, domestic indices followed their global peers which were enthused by reports that a preliminary trade deal between the US and China may be signed by the end of this year.

"The prolonged trade war between the US and China was weighing heavily on Indian indices. Positive statements made by officials (from both the countries) last week indicating that a trade pact is likely by the end of December 2019 are being welcomed," Sandeep Nayak, executive director and chief executive officer of Centrum Broking, said.

He added that foreign institutional investors are preferring emerging markets such as India as the recent easy monetary stance of US Federal Reserve and the European Central Bank has improved liquidity in world markets.

"Whereas, India's economy is seeing a demand revival especially in the sectors of auto and consumer durables. The government providing relief to telecom companies over spectrum related dues and impending price increase planned by players has also revived interest in the sector," Nayak said.

From the 30-share pack, 28 stocks closed the day with gains led by Bharti Airtel, Tata Steel, IndusInd Bank and Axis Bank.

On the BSE, 1,413 scrips advanced, while 1,086 declined and 208 remained unchanged.

"Cues that US and China will conclude a deal by next month lifted the sentiment across the globe. Reconstruction of Sensex indices and new developments over divestment to curb fiscal deficit provided confidence in Indian market. Expectations of further cut in interest rate by the RBI gave advantage to rate-sensitive stocks," Vinod Nair, head of research, Geojit Financial Services, said.


SBI SBI Q1 profit surges 81 pc to Rs 4,189 cr
19 income tax return filing deadline extended till Sept 30
Troubles abound, Boeing losses bloom to USD 2.4 billion in 2Q
Ashok Leyland’s latest range, ‘AVTR’, delivered to customers in Goa
Irani asks textiles sector to 'commercialise opportunities'
ICICI Bank Q1 net profit rises 36% to Rs 2,599 crore
Govt's endeavour has been to further simplify Direct Tax laws: Sitharaman
Vistara receives its first Airbus A321neo aircraft
Wipro to launch 5G edge services solutions suite
Rupee surges 15 paise to 74.59 against US dollar in early trade
BAJAJ Rahul Bajaj to step down as Bajaj Finance Chairman
Sebi comes out with guideline to verify upfront collection of margins
Steel Strips Wheels bags fresh orders worth about Rs 11.25 crore
Policybazaar to raise USD 150 million in third quarter
Long-term story of India, 2-wheeler industry remains intact: Hero MotoCorp
JC Penney cuts 1,000 jobs as it closes stores
Asian markets mostly higher on hopes for coronavirus vaccine
JioMeet sees 5 million downloands within days of launch: Ambani
Rupee slips 9 paise to 75.02 against USD
ICICI Bank to raise up to Rs 15,000 crore to bolster capital base
KERALA NEWS
Kerala crosses 25,000 COVID-19 cases as 1,169 test positive
 Thiruvananthapuram: Kerala on Sunday crossed the 25,000 mark in COVID-19 cases as 1,169 more people  
Heavy rains forecast in Kerala this week; Low pressure likely in Bay of Bengal
Kerala police SI dies of COVID-19; first from the force to succumb to the virus
Kerala reports 1,310 COVID-19 cases; 3 deaths takes toll to 73
INTERNATIONAL NEWS
Trump Says Federal Government Should Seek Death Penalty For Boston Bomber
 WASHINGTON: US President Donald Trump says the federal government must seek the death penalty for Bo
Khamenei''s top aide praises Turkey''s Hagia Sophia move
Wild fire: 200 homes evacuated in Southern California
Emirati nuclear plant successfully starts up first reactor
NATIONAL NEWS
Union Minister observes fast as BJP seeks to step up pressure on Ker govt in gold smuggling case
 New Delhi: Union Minister V Muraleedharan on Sunday observed a day-long fast at his residence here d
Shah tests +ve for COVID-19, admitted to Medanta hospital in Gurugram
International passengers with negative COVID-19 test report can skip institutional quarantine: Govt
High time Mehbooba Mufti is released, says Rahul Gandhi
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