Skip to main content

Share market updates: Sensex up 300 points, Nifty near 10,800; Yes Bank, Wipro among top gainers

Market Opens Equity benchmarks have begun higher on Tuesday morning, with the Nifty trading near 10,780. The Sensex is up 145.79 points or 0.41% at 35999.35, while the Nifty is higher by 47.20 points or 0.44% at 10784.80. The market breadth is positive as 265 shares advanced, against a decline of 70 shares, while 20 shares were unchanged.



All sectoral indices traded in the green, with maximum gains seen among banks, energy, and IT names. The Nifty Midcap index is in tandem with benchmarks. Hero MotoCorp, Infosys, Wipro and Zee Entertainment are the top gainers, while HCL Tech, Bharti Airtel, and GAIL lost the most. 

Rupee opens higher at 70.75 per US dollar; 10-year government bond yields rise
The Indian rupee opened higher by 18 paise at 70.75 per US dollar on Tuesday, a day after the domestic currency closed about one-month low amid continued foreign fund outflows and weak domestic equity markets. On Monday, the domestic unit fell as much as 43 paise to close at 70.93 against the US dollar.

Gold prices steady as dollar gains on fears of an economic slowdown
Gold prices were steady on Tuesday, pressured by a firm dollar on the back of concerns over slowing global growth, but well supported by expectations the U.S. Federal Reserve could refrain from raising interest rates this year.  Spot gold was flat at $1,291.24 per ounce at 0114 GMT. 

Yes Bank Extends Gains, Trades Above Rs 200
Shares of Yes Bank extended gains for the second day and rose as much as 3.6 per cent to trade above Rs 200 for the first time since Nov. 22.

Crude Update: Oil prices inched up on Tuesday amid supply cuts by producer club OPEC and Russia, although the darkening economic outlook capped gains.

Share Market | Live Updates | Rupee | Gold Prices | Top Gainers
More Updates
Labels:

Comments

Post a Comment

Popular posts from this blog

Stock Market News - Budget 2020 | Removal of exemptions in new tex regime to impact life insurers, MFs

A salaried professional opting for a lower rate of tax under the new regime will not be eligible for deductions, including insurance premium paid and ELSS investments. Removal of tax exemptions under Section 80C in the new tax regime could be a dampener for life insurance products as well as equity-linked savings schemes (ELSS) of mutual funds. In her Budget speech on February 1, Finance Minister Nirmala Sitharaman said a salaried professional opting for a lower tax rate under the new regime will not be eligible for deductions, including insurance premium paid and ELSS investments. “The removal of 80C benefit may pose a risk to new business volumes of life insurance companies,” said Kotak Institutional Equities in a report. Life insurance Tax exemptions are an important incentive for purchase of life insurance. To be eligible for exemption under Section 80C, the sum assured has to be 10 times the annual premium. This is part of the Rs 1.5 lakh limit under ...
13 comments
Read more

Stock Market News - FDC share price at 52-week high on GMP certificate from UK health regulator

The certificate came after a recent inspection of the company's facilities in Goa. FDC  share price touched a 52-week high of Rs 222, rising more than 5 percent in the morning trade on January 3 after the company received the good manufacturing practice (GMP) certificate from the UK's health regulator. The UK's Medicines and Healthcare Products Regulatory Agency also continued with its approved status for the company's two facilities in Verna, Goa. The GMP certificate was issued after a recent inspection of the two plants. At 1018 hours, FDC was quoting at Rs 218.00, up Rs 7.30, or 3.46 percent. The share price has risen 30 percent in the last three months. GNFC share price down 2% after DoT seeks Rs 15K cr in telecom dues DoT sent the company a demand notice for Rs 15,019 crore, taking to Rs 3.13 lakh crore the amount it has sought from non-telecom companies following a Supreme Court ruling. The share price of  Gujarat Narmada Valley Fertili...
3 comments
Read more

Budget 2019 : LTCG Tax, GST, Home Loans, farmer income scheme needs to be focus

Budget 2018 was the last full-fledged budget presented by the government led by Narendra Modi. Long Term Capital Gains (LTCG) tax on profit earned from the sale of equity shares listed on a recognized stock exchange in India. The LTCG tax was re-introduced after a time gap of 14 years. The provisions were closely followed since they impacted the majority of taxpayers of the country. The tax was levied at the rate of 10 per cent (plus applicable surcharge and cess) while providing relief from gains accrued up to January 31, 2018, i.e., a mechanism was derived wherein the stock price as on 31 January 2018 was considered as the deemed cost, provided it is beneficial to the taxpayer. Following are some of the illustrative points: Treatment of compulsorily convertible instruments – The current provisions do not provide clarity on the cost to be adopted for the purpose of computation of capital gains in case of instruments that are compulsorily converted into equity sh...
1 comment
Read more