Sensex in the middle of volatile trading; Maruti, gain from Asian Paints

September 01, 2020 10:42:09 IST

Maruti rises 2%

Maruti Suzuki India Ltd, the country’s largest passenger car maker, reported 21.7% year-on-year growth in domestic sales to 115,325 units in August, helped by a rapid recovery in demand for entry-level cars, hatchbacks and utility vehicles. . The company witnessed the wholesaling of 94,728 units in the prior year period.

Factory shipments have improved since July when the company sold 100,000 units and only 51274 units in June. Maruti restarted production operations from May 12 at its Manesar plant and handled shipments of only 13,865 units during the month.

September 01, 2020 10:34:04 IST

L&T earnings

L&T has announced the closure of the strategic divestment of its Electricity and Automation business (L&T E&A) to Schneider Electric, a global player in energy management and automation, to ₹14 billion rupees in a cash deal.

See full image

September 01, 2020 10:24:25 AM IST

Yield on 10-year bonds falls 17 basis points on RBI support measures

The yield on the 10-year government bond fell 17 basis points to 5.944% on Tuesday, the biggest drop in three months, after the Reserve Bank of India announced measures to allay market fears about rising interest rates. yields and a larger loan program.

September 01, 2020 10:14:59 AM IST

Gold Prices Rise For Third Day In A Row, But Down ₹ 4000 From All-Time Highs

Gold and silver prices in the Indian markets rose today amid stable global rates. On MCX, October gold futures rose 0.7% to recover ₹52,000 levels for 10 grams, spreading the gains to the third day. Silver futures on MCX rose 1.2% to ₹71,300 per kg. In the previous session, gold had risen ₹300 for 10 grams while the silver had jumped ₹1,800 per kg. Although gold has recovered from recent lows, it is still down ₹4000 from the highs on August 7 ₹56,200 per 10 grams.

September 1, 2020 10:04:23 AM IST

Flat sensex

Sensex erased earnings and was trading flat. The indices had gained nearly 400 points in early trading.

See full image

01 September 2020 09:53:24 AM IST

Bharti Infratel rises 3%

Bharti Infratel’s board on Tuesday approved the long-pending merger with Indus Towers Ltd, first announced in April 2018, to create the world’s largest mobile tower operator outside of China. The deal will allow the cash-hungry Vodafone Idea Ltd to sell 11.5% of its stake in Indus Towers for ₹4,000 crore.

See full image

September 01, 2020 09:49:17 AM IST

Nifty Bank

Nifty Bank constituent in green

See full image

September 01, 2020 09:42:05 IST

Sensex check

All Sensex components, except ONGC, were trading in positive territory.

See full image

September 01, 2020 09:39:54 IST

Vodafone up

Vodafone anticipated the Supreme Court verdict on AGR. The telecommunications company owes more than ₹50,000 crore to the government in AGR installments.

See full image

September 01, 2020 09:33:01 IST

Ingenious winners / losers

Bharti Infratel, Indusind Bank and Hindalco were the main winners, while ONGC and Gail were the main laggards.

See full image

September 01, 2020 9:29:21 AM IST

Nifty up 0.5%

All sector indices in green

See full image

September 01, 2020 9:28:15 AM IST

BSE MidCap

See full image

September 01, 2020 9:20:58 AM IST

Open markets

Sensex, Nifty were flat in the middle of a hectic trade. Indusind Bank and Asian Paints were the best winners, while ONGC and Axis Bank were the furthest behind.

See full image

September 01, 2020 9:05:24 AM IST

Pre-opening markets

The benchmark indices were in the green in pre-open trade with Sensex up 100 points.

See full image

September 01, 2020 8:41:07 AM IST

Currency check

The dollar moved lower against a basket of major currencies early Tuesday. The dollar index fell 0.08% and the euro rose 0.02% to $ 1.1938. The Japanese yen strengthened 0.04% against the dollar at 105.86 per dollar, while the British pound was trading at $ 1.3364, down 0.04%.

Expectations that the Fed will keep interest rates low for an extended period kept the dollar weak, marking a fourth straight month of declines, its longest losing streak since 2017.

September 01, 2020 8:32:31 AM IST

Indian markets can be volatile, new margin rules likely to affect volumes

Indian stock markets are likely to be volatile on Tuesday, while trends in SGX Nifty suggest a slightly higher open for Indian benchmarks. On Monday, the BSE Sensex closed at 38,628.29, losing 839.02 points or 2.13%, The Nifty closed at 11,387.50, losing 260.10 points or 2.23%.

September 01, 2020 8:22:30 AM IST

Actions to consider: telecommunications companies and automobiles

Vodafone Idea, Bharti Airtel, Larsen & Toubro and the automotive companies will be in the spotlight today.

September 01, 2020 8:19:41 AM IST

Asian markets are weak

Asian stocks weakened on Tuesday after a softer Wall Street close, while the dollar fell as markets took in new comments from the Federal Reserve that suggested rates will stay low for an extended period.

Australia’s ASX fell 1%, while Japan’s Nikkei fell 0.22% and Hong Kong’s Hang Seng lost 0.38%.

September 01, 2020 8:14:14 AM IST

Wall Street Monday

Stocks closed mostly lower in the US on Monday, as the market pulled back some of its recent gains after a five-week winning streak.

The Dow Jones industrial average and the S&P 500 ended in the red, while the Nasdaq rose. The S&P gained more than 7% for the month to mark its best August since 1986 in what is traditionally a softer month for equities performance.