Sensex opens 368 points higher, Nifty above 11,100; RIL, HDFC gain

September 28, 2020 10:04:11 AM IST

L&T Technology Services Selected to Support Tenneco’s DRiVTM Ride Performance Division

L&T Technology Services Limited has been selected to provide engineering services for Tenneco’s DRiV Original Equipment (OE) Driving Control Business Group.

LTTS will establish a HUB development center to provide DRiV with additional engineering capacity in the development of conventional components and shock absorbers. The HUB Development Center will also provide a unified and hybrid engineering business model to support established domains such as mechanical, product lifecycle management (PLM), and digital engineering.

September 28, 2020 9:55:22 AM IST

Twins HDFC, ICICI Bank and RIL elevate Sensex by more than 350 points

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September 28, 2020 9:44:11 AM IST

Market outlook

“The resistance level for the Nifty is in the 11300-11350 zone. Until those levels are crossed on a closing basis, the index continues to be bearish. The risk reward at this time is favorable as traders could establish short strategies for a target of 10,750 and a stop loss around the level of 11,350, “said Manish Hathiramani, technical analyst and proprietary index trader at Deen Dayal Investments.

September 28, 2020 09:36:48 IST

Lakshmi Vilas Bank falls 0.78%

The Reserve Bank of India (RBI) on Sunday approved the formation of a three-member board of directors to temporarily head the struggling Lakshmi Vilas Bank Ltd after shareholders voted for seven directors, including the managing director and director. executive S. Sundar.

September 28, 2020 9:31:13 AM IST

RIL rises 0.38%

Reliance Retail Ventures Limited, the retail business of Mukesh Ambani’s Reliance Industries Ltd (RIL), has received ₹Rs 7.5 billion from tech investor Silver Lake, the company said in a stock presentation on Saturday.

September 28, 2020 9:25:59 AM IST

Most sector indices on NSE in green are open

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September 28, 2020 9:21:41 AM IST

Market opening

Indian benchmark stock indices opened higher on Monday, following positive signals from their Asian peers. Sensex opened at 37,756.25, up 367.59 points or 0.98%, while Nifty advanced 90.60 points or 0.82% to open at 11,140.85.

Tata Steel, with an increase of more than 2%, was the main winner of Sensex, followed by Bajaj Finance, Axis Bank, Maruti and Bharti Airtel. TCS, HUL, Infosys and Nestlé India were among the laggards. Out of 30 Sensex shares, 26 opened green.

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September 28, 2020 9:06:25 AM IST

Market pre-opening

Indian stocks were higher in the session before opening on Monday. At 9:03 a.m., Sensex was at 37,867.21, 478.85 points or 1.28% higher, while Nifty added 132.20 points or 1.20% to 11,182.45.

September 28, 2020 8:51:25 AM IST

Market at close on Friday

Indian stocks rallied on Friday after 6 straight days of losses, led by gains in the Infosys index heavyweights, TCS, ICICI Bank and RIL. Sentiment was also fueled by stronger Asian peers in hopes of US stimulus.

Sensex closed at 37,388.66, up 835.06 points or 2.28%, while Nifty was up 244.70 points or 2.26% to close at 11,050. The market capitalization of companies listed on the EEB increased to ₹152.28 trillion ₹148.76 billion.

September 28, 2020 8:46:34 AM IST

Chinese stocks prop up Asia

Chinese stocks propelled Asian markets higher on Monday, though sentiment was still cautious ahead of a US presidential debate, and a surge in new coronavirus cases undermined hopes for a global economic recovery.

MSCI’s broader Asia-Pacific stock index outside of Japan advanced 0.5% to 550.47, but is still a surprising distance from a two-month low of 543.66 reached last week.

At 8:40 am (IST), China’s Shanghai Composite Index changed slightly, while Hong Kong’s Hang Seng advanced 0.5%.

Japan’s Nikkei 225 was up 0.72%.

SGX Nifty of Singapore was up 0.66%.

Australia’s ASX 200 changed a bit.

South Korea’s Kospi rose 1.54%.

September 28, 2020 8:46:34 AM IST

Wall Street closes higher

Tech stocks came to Wall Street’s rescue again on Friday, lifting major indices more than 1%, but the Dow and S&P 500 still posted their longest weekly losing streaks in a year as fears of a slowdown of the economy caused a fall of almost a month. .

The Dow Jones Industrial Average rose 360.42 points, or 1.34%, to 27,175.86, the S&P 500 gained 51.92 points, or 1.60%, to 3,298.51 and the Nasdaq Composite added 241.30 points, or 2.26%, at 10.913.56.