Nifty hits 14k, Sensex inches taller; HDFC, ICICI Bank rally

December 31, 2020 11:08:28 AM IST

Ansal properties up to 5%

Real estate firm Ansal Properties & Infrastructure Ltd has agreed to sell its entire 66.24% stake in IT SEZ in Greater Noida to the Migsun group. In a regulatory filing, Ansal Properties said the company signed an agreement to sell its entire 66.24% equity stake in its subsidiary firm Ansal IT City and Parks Ltd, which owns the 37.5-acre IT park of land in Greater Noida to Mahaluxmi. Infrahome. , part of the Migsun Group.

December 31, 2020 10:48:34 am IST

Union Bank rises 0.3%

Union Bank of India shareholders have approved the bank’s proposal to raise up to ₹Rs 6.8 billion of registered capital to finance business growth. During the Extraordinary General Meeting (EGM), shareholders approved the special resolution with the majority required to raise capital through FPO (Follow-up Public Offering) / Rights or QIP (Qualified Institutional Placement) or preferential allocation, said the bank in a regulation. presentation.

December 31, 2020 10:38:16 AM IST

Rupee update

The rupee appreciated by 19 paise to 73.12 against the US dollar at the trade opening on Thursday, supported by sustained inflows of foreign funds and the weakness of the US currency in the foreign market.

In the interbank currency market, the national unit opened at 73.15 against the US dollar and gradually advanced to 73.12 against the dollar.

On Wednesday, the rupee appreciated 11 paise to close at a more than two-month high of 73.31 against the US dollar.

December 31, 2020 10:17:55 am IST

Indian Bank up 0.6%

The public sector bank has raised ₹392 million rupees through perpetual bonds. It has raised even more Tier 1 capital funds by privately placing Basel III compliant AT-1 perpetual bonds adding to ₹392 crore. The bonds have a coupon of 8.44% payable annually, he said.

December 31, 2020 10:09:51 AM IST

RITES up to almost 1%

The public sector company miniratna has declared a dividend on account of ₹5 per share over the par value of ₹10 each. The decision was made at a board meeting, the company said in a statement. The dividend amounts to ₹120.15 million rupees (at a rate of 50 percent of paid-in capital), according to the statement.

December 31, 2020 09:56:34 am IST

Infosys drops 0.5%

The joint venture partner of the Bengaluru-based IT company in Saudi Arabia has filed a lawsuit in a California court accusing Infosys of violating US law on corruption, according to a report in Economic times.

December 31, 2020 9:48:52 AM IST

Vedanta Ltd falls 0.3%

The promoters of the company cannot sell or create any collateral on the shares they own in the group as part of the terms attached to the recent fundraiser of $ 1.4 billion, conditions that technically fall within the definition of ‘lien’ but no pledge on the shares has been pledged. created.

December 31, 2020 9:45:11 AM IST

Adani Green Energy rises 3%

The company has commissioned a 100 megawatt (MW) solar power project at Khirsara in Gujarat. “Adani Solar Energy Kutchh Two Private Limited, a wholly owned subsidiary of Adani Green Energy Limited (AGEL), has commissioned a 100 MW solar power project in Khirsara, Gujarat, ahead of its scheduled commercial operation date (COD) as per its 25 year power purchase agreement (PPA) with Gujarat Urja Vikas Nigam India (GUVNL), “AGEL said in a statement.

December 31, 2020 9:35:04 AM IST

Consumer goods, IT stocks under pressure

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December 31, 2020, 09:17:15 AM M. IST

Market opening

Benchmark Indian stock indices opened on a flat note in the final trading session of 2020. Sensex opened at 47,753.11, an increase of 6.89 points or 0.01%, while Nifty opened 11.95 points or 0.09% lower at 13,970.00.

Ultratech Cement was Sensex’s top winner at the opening, followed by HDFC, Sun Pharma, Bajaj Finserv, TechM and IndusInd Bank. Nestlé India, NTPC, SBI and Tata Steel were among the laggards. Of 30 Sensex stocks, 12 opened in the red.

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December 31, 2020 9:12:21 AM IST

Market pre-opening

Indian stocks were unchanged in the pre-opening session on Thursday. At 9:09 a.m., Sensex was at 47,753.11, an increase of 6.89% or 0.01%, while Nifty was down 11.95 points or 0.09%.

December 31, 2020 9:00:39 AM IST

Market at the close of Wednesday

The Sensex and Nifty hit new all-time highs on Wednesday, as gains in financial, auto and cement counters helped the benchmarks extend their winning run for the sixth straight session amid positive global signals.

After succumbing to the profit reserve in afternoon trading, the 30-share BSE Sensex closed up 133.14 points or 0.28% to an all-time high of 47,746.22. The barometer climbed to its intraday all-time high of 47,807.85.

December 31, 2020 9:00:39 AM IST

Asian stocks will end 2020 on a record

Asian stocks rose on Thursday and were set to end a tumultuous 2020 at all-time highs, while mounting investors’ hopes for a global economic recovery sent the dollar further down against most major currencies.

The MSCI gauge of Asia-Pacific equities excluding Japan rose 0.1% to its latest peak, having repeatedly explored new territory at the end of the year. But end-of-the-year trade was typically thin.

December 31, 2020 9:00:40 AM IST

Wall Street ends in expectation of recovery

US stocks closed higher on Wednesday, and the Dow Industrials rose to a record high as investors expected an improved economic outlook in 2021 thanks to the covid-19 vaccine launches and hopes for even more fiscal support.

The Dow Jones Industrial Average rose 73.89 points, or 0.24%, to 30,409.56, the S&P 500 gained 5 points, or 0.13%, to 3,732.04 and the Nasdaq Composite added 19.78 points, or 0.15%, to 12,870.00.