19
Wednesday
June 2019
8:52 PM IST
News Headlines
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | Health   | About Deepika 
Business News
Markets soar in early trade; Sensex zooms 942 points, rupee gains 79 paise
 
Mumbai, May 20 (PTI) Domestic financial markets Monday cheered exit poll results that showed the ruling NDA is likely to win the general elections, with the benchmark BSE Sensex skyrocketing over 900 points, and the rupee appreciating 79 paise against the US dollar. After soaring over 962 points in early session, the 30-share index pared some gains and was trading 687.63 points, or 1.81 per cent, higher at 38,618.40. In similar movement, the broader NSE Nifty was trading 203.05 points, or 1.78 per cent, up at 11,610.20. Top gainers in the Sensex pack include Maruti, L&T, SBI, ICICI Bank, RIL, M&M, IndusInd Bank, Axis Bank, Yes Bank and Vedanta, rising up to 4 per cent. On the other hand, Bajaj Auto, Infosys and HCL Tech slipped up to 2 per cent.

Most exit polls Sunday forecast another term for Prime Minister Narendra Modi, with some of them projecting that BJP-led NDA will get more than 300 seats to comfortably cross the majority mark of 272 in the Lok Sabha. The results of the seven-phase polls will come out Thursday. "The exit polls have been better than market expectations, with the ruling party getting a comfortable majority. The market is likely to rally further, but the rally may not be significant as there are challenges of not so encouraging earnings growth, lower liquidity, slowing economy and global challenges," said Naveen Kulkarni, Head of Research, Reliance Securities. There could be sector-specific rally.

Infrastructure and banking stocks could do well, he added. Meanwhile, market regulator Sebi and stock exchanges have beefed up their surveillance mechanism to check any manipulative activities in the market this week in view of the high-octane election related events lined up. Foreign institutional investors sold equity worth Rs 1,057.82 crore on Friday, while domestic institutional investors purchased shares to the tune of Rs 1,809.76 crore, provisional data available with stock exchanges showed. Elsewhere in Asia, bourses in China, Japan and Korea were trading on a mixed note in their respective early sessions. On the currency front, the rupee appreciated by 79 paise to 69.44 against the US dollar in opening trade Monday. Brent crude, the global benchmark, was trading at 73.28 per barrel, higher by 1.48 per cent.


Sensex, Nifty turn cautious ahead of US Fed policy meet
Investors continue to dump Jet Airways shares; further tank 15%
With 'Libra,' Facebook takes on the world of cryptocurrency
Facebook to unveil new cryptocurrency
Sensex drops over 150 pts; Nifty below 11,800
India ad spend likely to be Rs 697 billion in 2019: Report
UK court rejects Nirav Modi''s bail for fourth time over fears he would abscond
Bring down corporate tax to 18 pc sans exemptions: CII
Jet Airways shares plunge nearly 11 pc
Fiat Chrysler in talks with Aurora on autonomous vehicles
Facebook stops Huawei from pre-installing apps on phones
Rupee rises 31 paise to 69.39 vs USD in early trade
Bajaj Auto sales rise 3 pc in May to 4.19 lakh units
RBI policy, macro data key for markets in holiday-shortened week: Analysts
Six of top-10 firms add Rs 99,994 cr in m-cap; TCS leads
Mahindra sales 3 pc to 45,421 units in May
Toyota Kirloskar sales down 6% at 13,066 units in May
Sitharaman: India's first woman FM; looks to steer economy out of slowdown
Rupee sees high volatility post allocation of key portfolios
Sensex drops over 200 pts; Nifty below 11,900
KERALA NEWS
Kerala CPM leader's son booked for rape, cheating
 Mumbai: A Kerala CPM leader's son has been booked on charges of rape and cheating following a compla  
Two workers killed in Kerala as earth caves in
Two workers killed in Kerala as earth caves in
Joseph terms Jose K Mani''s election unconstitutional, says ''crowd'' can''t elect chairman
INTERNATIONAL NEWS
UK PM candidates fight it out for second place with Boris Johnson
 London: Britain's six prime ministerial candidates face a crunch vote on Tuesday when ruling Conserv
UN calls for 'independent' probe into death of Egypt's Morsi
Trump says having 'extended meeting' with Xi at G20 summit
Hong Kong police clear streets as protesters move to park
NATIONAL NEWS
Over 2.4k HIV deaths in Maha in 11 months: Minister
 Mumbai: Maharashtra Health Minister Eknath Shinde Tuesday said over 2,400 people in the state have d
Maha govt to use Miyawaki system for urban forestation
KCR to skip party chiefs' meet convened by PM, deputes son
2 terrorists, 1 jawan killed in Anantnag encounter
Untitled Page
Rashtra Deepika LTD
Copyright @ 2019 , Rashtra Deepika Ltd.