Sensex, Nifty Open 1% Higher; banks win; Future retail up to 20%

August 31, 2020 09:48:03 IST

RIL rises 1.6%

Reliance Retail Ventures Ltd will acquire Future Group’s retail, wholesale, logistics and warehousing businesses to ₹24,713 crore

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August 31, 2020 09:43:30 IST

Economy still in unknown area, rural economy at risk, say economists

The relentless rise in the coronavirus case count in India has been disrupting the fragile economic recovery and threatens to dull what was thought to be the silver lining, the rural and agricultural sector, economists warned.

India has reported more than 3.5 million coronavirus cases so far, including 2.7 million recoveries and more than 63,000 deaths. (Full report)

August 31, 2020 09:39:45 IST

The Adani group will acquire a majority stake in Mumbai airport

Adani Airport Holdings Limited (AAHL), the Adani Group holding company for its airports business and a subsidiary of Adani Enterprises Limited) has signed an agreement to acquire the debt of GVK Airport Developers Limited.

GVK ADL is the holding company through which GVK Group has a 50.50% stake in the share capital of Mumbai International Airport Limited (“MIAL”), which in turn owns 74% of the share capital in Navi Mumbai International Airport Limited

August 31, 2020 9:33:58 AM IST

Future Retail Spikes

Reliance Retail Ventures Ltd will acquire Future Group’s retail, wholesale, logistics and warehousing businesses to ₹24,713 crore. Long-awaited agreement between RIL and Future Group got its go-ahead on Saturday

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August 31, 2020 9:30:36 AM IST

BSE MidCap

BSE MidCap gained 0.2%

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August 31, 2020 9:27:19 AM IST

Ingenious sector indices

All Nifty industry indices in green excluding Media and Pharma

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August 31, 2020 9:22:47 AM IST

Ingenious winners / losers

Banks shine on Nifty in the open, while Airtel is the biggest loser.

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August 31, 2020 9:21:03 AM IST

Firm open markets

Sensex, Nifty opened strong on Monday following global markets. Nifty opened at 11770 points, while Sensex opened at 39986 points. Bank stocks were the winners. Indusind Bank, Axis Bank and SBI were the main winners while Bharti AIrtel fell almost 1%.

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August 31, 2020 09:09:08 IST

Sensex pre-open

Indian stocks were higher in pre-open trade with Sensex and Nifty almost 1% higher

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August 31, 2020 09:06:07 IST

Niifty in pre-opening

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August 31, 2020 8:48:15 AM IST

All eyes on GDP data

GDP data for the June quarter of fiscal year 21 to be released later today would reveal the extent of the damage that the coronavirus pandemic has caused to the Indian economy. While India’s economy had slowed long before the pandemic hit, Asia’s third-largest economy is expected to enter a recession in fiscal year 21 for the first time in 40 years.

Read the five things to look for in upcoming GDP data here.

August 31, 2020 8:24:58 AM IST

Indian markets may rally on global signals

Indian stocks are likely to rise on Monday after their world peers rally. Trends in SGX Nifty suggest a positive opening of the Indian benchmarks. On Friday, the BSE Sensex closed at 39,467.31, adding 353.84 points or 0.90%. The Nifty of 50 shares closed at 11,655.25, adding 96 points or 0.83%.

August 31, 2020 8:11:43 AM IST

Actions to consider: RIL, Future Enterprises, PVR, Vedanta

RIL, Future Enterprises, PVR, Vedanta, HCL Tech are among the featured stocks to be tracked today.

August 31, 2020 08:09:26 AM IST

Asian markets are positive

Asian stocks hit a new two-year high on Monday as investors bet global monetary and fiscal policies would remain super stimulating for an extended period, keeping the safe haven dollar on the defensive.

MSCI’s broader Asia-Pacific equity index outside of Japan added 0.2% to its highest level since June 2018, rising 2.8% last week. Japan’s Nikkei jumped more than 1.5%. Australia ASX was up 0.15%, China’s Shanghai Composite Index gained about 1% and Hong Kong’s Hang Seng was up 1.4%.

August 31, 2020 08:05:01 IST

US stocks finish strong on Friday

US equity markets closed higher on Friday as the country’s consumer spending in July suggested a strong economic rebound going forward. The Dow Jones Industrial Average was up 0.57%, the S&P 500 gained 0.67% and the Nasdaq Composite was up 0.6%.