Sensex Soars Over 400 Points, Led By Information Technology, Auto Stocks
NDTV
Asian stocks have opened higher after big tech rallied on Wall Street and as President Joe Biden announced a multi-trillion-dollar infrastructure investment plan.
The domestic stock markets have begun FY22 on a strong note, post the 1 per cent decline in the previous session, tracking positive global cues. At 9:20 am, the BSE Sensex was trading at 49,921.75, stronger by 408.95 points or 0.81 per cent and the NSE Nifty was at 14,809.10, up 121.55 points or 0.81 per cent. The BSE Midcap index and BSE Smallcaap index were also trading with gains of 0.7 per cent and 1 per cent respectively. Asian stocks have opened higher on Thursday after big tech rallied on Wall Street and as President Joe Biden announced a multi-trillion-dollar infrastructure investment plan. The S&P 500 and Nasdaq rose on Wednesday, boosted by gains in technology shares, and the three major Wall Street indexes registered their fourth straight quarterly rise as investors positioned themselves for President Joe Biden's massive infrastructure plan. On the economy front, the combined output of the eight core sector industries fell at the fastest pace in 6-months, contracting 4.6 per cent in February, from a year ago, confirming fears that a recovery in industrial growth would be slower than expected.
European markets went back in the green on Monday after sliding earlier despite an emergency buyout of Credit Suisse aimed at preventing a fresh crisis for the global banking sector.
"Surprisingly and shockingly, the situation has turned the other way... Now we do not have enough airplanes to fly our passengers," Minister of Civil Aviation Shri Jyotiraditya Scindia told the CAPA India Aviation Summit.
In the week to March 3, the reserves rose by USD 1.46 billion and stood at USD 562.40 billion.
Reserve Bank Governor Shaktikanta Das said the rupee has exhibited the least volatility among its peer currencies despite the massive appreciation of the greenback
Reserve Bank of India Governor Shaktikanta Das said the G20 must provide climate change financing to most affected countries on a war footing
The Securities and Exchange Board of India (SEBI) does not want founders to own stock options if they have rights akin to those enjoyed by promoters, the sources with direct knowledge of the matter said.
"We have come to work for the welfare of the people and have restored old pension scheme benefiting about 1.36 employees of the state," Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu said.
Frankfurt, London and Paris won modest gains, a day after plunging about 3.5 percent over fears about the health of Credit Suisse and the wider banking system following the implosions of two US lenders.
Patanjali, in an exchange filing on Wednesday, said it received a notification from both the BSE, and the National Stock Exchange, informing it about the share freeze.
Under the MoU (memorandum of understanding), the two central banks will collaborate on various emerging areas of FinTech.
At the close, eight group firms ended in the green territory while the two were in losses.