Stocks in News: Vedanta, Kotak Mahindra Bank, Marico, Axis Bank, Trent and Zydus Lifesciences
- On Monday, the BSE Sensex jumped 472.77 points, or 0.66%, to settle at 72,382.47, while the NSE Nifty climbed 133.80 points, or 0.60%, to end at 22,555.75.
- Softer-than-Expected US jobs data reduced expectations of aggressive monetary tightening by the Federal Reserve, while Brent crude eased to $102.4 per barrel, supporting risk appetite.
- Major Sensex winners included ITC, Bharti Airtel, Bajaj Finance, Adani Ports, ICICI Bank, Reliance Industries, and Larsen & Toubro, marking recovery after Thursday's 0.79% and 0.88% declines.
- Following the Reserve Bank's approval on Thursday, Anup Bagchi is set to become the next managing director and CEO of HDFC Bank, succeeding Sashidhar Jagdishan from October 27.
- Across Asian markets, Japan's Nikkei 225 index jumped over 2%, while the Hang Seng index ended marginally higher and European markets traded on a mixed note.
33 Articles
33 Articles
Stocks in news: Vedanta, Kotak Mahindra Bank, Marico, Axis Bank, Trent and Zydus Lifesciences
Indian equity markets showed signs of recovery on Monday after softer-than-expected US jobs data was released. The Nifty 50 index ended the session up, suggesting improved investor confidence. Investors are watching key corporate updates from companies like Vedanta and Kotak Mahindra Bank for future trends. Firms reported various operational advancements and financial performance improvements for the quarter. The overall sentiment in the market …
Stock markets rebound in early trade; Sensex jumps over 700 points
Mumbai, Oct 05: Market benchmark indices Sensex and Nifty rebounded in early trade on Monday, following a decline in crude oil prices and easing concerns over further Federal Reserve tightening at its October meeting. The 30-share BSE Sensex jumped 413 points to 72,315 in early trade. The 50-share NSE Nifty climbed 131.55 points to 22,554.20. Later in the trade, the BSE benchmark surged 705.70 points to 72,594.57, and the Nifty jumped 187.30 poi…
Sensex Jumps over 400 Points, Nifty Crosses 22,500 as Markets Snap 8-day Losing Streak
Get latest articles and stories on Business at LatestLY. The Indian equity markets rebounded on Monday with Sensex gaining over 400 points and Nifty hovering over 22,500. Both indices opened with a gap-up, snapping the 8-day losing streak, with Nifty PSU Bank emerging as a major gainer during the early morning trade. Business News | Sensex Jumps over 400 Points, Nifty Crosses 22,500 as Markets Snap 8-day Losing Streak.
Indian shares open higher as Fed-hike fears, oil prices ease; financials lead
Indian shares opened higher on Monday after posting their longest weekly losing streak in 25 years, supported by easing concerns over aggressive US monetary tightening and a pullback in oil prices.
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