11
Saturday
July 2020
5:05 AM IST
News Headlines
Missing Mayor found dead in north Seoul        Heavy rain hits scenic central Japan, more damage in south        Bikru bloodbath mastermind Vikas Dubey nabbed in MP town        NIA to probe gold smuggling case, ex-Consulate woman employee moves HC for anticipatory bail        Kerala reports biggest daily spike of 339 infections,COVID-19 tally crosses 6,500 mark        Holder wins early battle with Stokes as Windies take control        Ganguly announces cancellation of Asia Cup in September        We have asked every state to adopt one sport: Rijiju        Rupee slips 9 paise to 75.02 against USD        ICICI Bank to raise up to Rs 15,000 crore to bolster capital base        Trump threatens to cut federal aid if schools don't reopen        Pak PM urges world community to share info on COVID-19 strategies as tally rises to 239,225        Enhancing global cooperation need of the hour to effectively tackle COVID-19: Prez        Kanpur encounter: 2 policemen held for 'tipping off' gangster Vikas Dubey about police action        CBSE should explain rationale behind dropping certain chapters from curriculum: Sisodia        301 test positive in Kerala,COVID-19 tally crosses 6,000 mark        Dhoni turns 39, wishes pour in from all corners        New era for cricket as England-West Indies series begins        India''s COVID-19 tally, fatality rate per million population lowest in world: Govt        Rahul asks why no mention of Galwan Valley in MEA statement on talks        
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Business News
Sensex, Nifty pare hefty gains on profit-booking, end marginally up
 
Mumbai: Benchmark gauges Sensex and Nifty on Monday pulled back from the day's highs but managed to settle with marginal gains as investors rushed to book profits following a stellar rally.

The 30-share BSE Sensex surged over 640 points in early trade, mirroring bullish sentiments in global markets in the wake of surprisingly strong US jobs data, but an intense volatility gripped the index as the session progressed.

After fighting bouts of volatility during the day, the Sensex ended 83.34 points, or 0.24 per cent, higher at 34,370.58.

Similarly, the NSE Nifty closed 25.30 points, or 0.25 per cent, up at 10,167.45.

On the Sensex chart, IndusInd Bank was the top gainer, soaring around 7 per cent, followed by Axis Bank, Bajaj Finance, ONGC, Titan, Infosys and Tech Mahindra.

Among the top losers were: Mahindra and Mahindra, Ultratech Cement, HDFC Bank, Tata Steel and Nestle India.

Shares of Reliance Industries (RIL) jumped around 3 per cent during the day, hitting one-year peak, after the company sold 1.16 per cent stake in its digital unit Jip Platforms to Abu Dhabi Investment Authority for Rs 5,683.50 crore.

Its shares, however, closed 0.51 per cent lower as investors cashed in on recent gains.

Of the 30 constituents on the Sensex, 16 shares closed in the green and 14 in the red.

Sectorally, BSE oil and gas, IT, industrials, consumer durables, utilities, bankex and finance indices surged up to 2.79 per cent, while basic materials, healthcare, metal and auto fell up to 0.90 per cent.

In the broader market, midcap and smallcap indices surged up to 0.93 per cent.

"Domestic markets succumbed to profit-booking after opening higher mirroring firm cues from other global markets after a surprise surge in US employment fanned optimism over the economic recovery from coronavirus pandemic, Paras Bothra, President of Equity Research, Ashika Stock Broking, said.

On the currency front, the Indian rupee was up 3 paise at 75.55 against the US dollar.

Globally, bourses in Shanghai, Hong Kong, Seoul and Tokyo settled with gains, while those in Europe were trading on a weak note.

Meanwhile, crude oil prices rose after major oil producing nations agreed to extend a production cut to counter the blow to demand in the wake of COVID outbreak.

International oil benchmark Brent crude futures rose 0.95 per cent to USD 42.70 per barrel.

On the impact of coronavirus cases and related developments on sentiment, analysts said that in India, the numbers continue to rise and the markets seem to be ignoring this, for the time being, giving more priority to the news of the economy opening up.

According to the Health Ministry, the death toll due to COVID-19 rose to 7,135 and the number of cases climbed to 2,56,611 in the country.


Rupee slips 9 paise to 75.02 against USD
ICICI Bank to raise up to Rs 15,000 crore to bolster capital base
Gold jumps Rs 102, silver declines Rs 249
Finmin may review capital requirement of PSU banks after second quarter
I-T dept amends TDS form, makes it more comprehensive
Pak will complete CPEC at all costs, says PM Khan
COVID-19 caused huge demand destruction overseas: Bankers
Intel Capital to buy 0.39 pc stake in Jio Platforms for Rs 1,894 cr
Sensex surges over 200 pts in early trade; Nifty tops 10,600
India's trade deficit with China reduces to USD 48.66 bn in FY20
Work to begin shortly on Zojila tunnel: Gadkari
ONGC shares tank 4 pc after first-ever quarterly loss
Vodafone Idea shares plunge nearly 5 pc after FY20 earnings
Diesel price at new high as fuel prices hiked for 22nd time in just over 3 weeks
Prestige group's FY20 sales bookings flat at Rs 4,560 crore
No plans to sell non-core assets during this fiscal: PNB Chief
Petrol price up 25 paise, diesel 21 paise; rates hiked by Rs 9.12, Rs 11.01 in 3 weeks
SBI sanctions loans to over 4 lakh MSMEs under credit guarantee scheme
Money in Swiss banks: India at 77th place, accounts for just 0.06% of all foreign funds
Asian shares advance, tracking Wall Street tech rally
KERALA NEWS
Kerala reports biggest daily spike of 339 infections,COVID-19 tally crosses 6,500 mark
 Thiruvananthapuram: With COVID19 cases continuing to spiral, Kerala on Thursday recorded the biggest  
Kerala reports 272 fresh cases; 68 infected through contact
Will take appropriate decision at appropriate time:Jose K Mani
Kerala reports 131 new COVID cases, 75 recoveries, 2,112 patients under treatment
INTERNATIONAL NEWS
Missing Mayor found dead in north Seoul
 Seoul: The Mayor of this South Korean capital was found dead at Bugaksan mountain here on Thursday,
Heavy rain hits scenic central Japan, more damage in south
Trump threatens to cut federal aid if schools don't reopen
Pak PM urges world community to share info on COVID-19 strategies as tally rises to 239,225
NATIONAL NEWS
Bikru bloodbath mastermind Vikas Dubey nabbed in MP town
 Ujjain: History-sheeter Vikas Dubey ? the prime accused for whom Uttar Pradesh Police had launched a
Enhancing global cooperation need of the hour to effectively tackle COVID-19: Prez
Kanpur encounter: 2 policemen held for 'tipping off' gangster Vikas Dubey about police action
CBSE should explain rationale behind dropping certain chapters from curriculum: Sisodia
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