Skip to main content

Stock Market News - NBCC Jumps 19%, Sensex hits an all-time high

Sensex hits an all-time high of 40,670 - The Sensex rallied to a fresh all-time high on Thursday morning after the Narendra Modi-led government announced a major reform to bolster the stressed real-estate sector. The Sensex jumped more than 185 points to a fresh high of 40,656.56. 

Yesterday, Sensex ended the session at a closing high 40,469. The previous record high came at 40,606, hit in intra-day trade yesterday. Meanwhile, the broader Nifty hit the crucial 12,000-mark on Wednesday. IndusInd Bank, HDFC shares were among the biggest gainers, jumping up to 2%. 

Rupee opens lower at 71.05 per dollar - The Indian rupee opened at 71.05 per dollar on Thursday versus the previous close 70.98.

JB Chemicals share price gains 6% - The share price of JB Chemicals and Pharmaceuticals added more than 6 percent in the early trade on November 7 after the company is going to consider buyback of its shares.
A meeting of the board of directors of the company will be held on November 12, 2019, to consider and approve unaudited financial results for the quarter ended on September 30, 2019.

NBCC Jumps 19% As Government Approves Fund For Stalled Housing Projects Shares of NBCC rose as much as 19.3 percent, the most in over five years, to Rs 45.80. The Union Cabinet has approved setting up a dedicated fund for funding affordable and middle-income housing projects that are stalled, Finance Minister Nirmala Sitharaman said. 


The special window will be structured as an alternative investment fund which will pool all investments, where the government will put Rs 10,000 crore. Besides, institutions like State Bank of India and Life Insurance Corporation among others will make further contributions. The corpus, for now, will be Rs 25,000 crore.

Large Trade Alert: Bharti Infratel About 28 lakh shares of Bharti Infratel changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.

Oil Check - At 8:04 am, Brent Crude Futures were at $61.74 per barrel, down nearly 2 percent from the previous close.

Tax gains save the day for Tata Steel, profit rises 6% to Rs 3,302 crore - Adoption of a new corporate tax regime aided Tata Steel’s consolidated net profit in the second quarter, which increased 6% on a year-on-year basis to Rs 3,302 crore. However, challenging operating environment, weak liquidity conditions, and demand impacted the operational performance significantly. 

During the quarter, the firm had a favorable tax impact of Rs 4,233 crore, of which Rs 2,425 crore was on adoption of the new corporate tax rate by Tata Steel standalone and some subsidiaries in India and Rs 1,808 crore was on account of recognition/reversal of deferred tax assets and liabilities in offshore subsidiaries.

Indiabulls Housing Finance Jumps Over 19% Fundraising Plans Shares of the housing finance company rose as much as 19.6 percent to Rs 262.40. The company’s board approved the issue of redeemable non-convertible debentures of up to Rs 10,000 crore and also approved the issue of NCDs along with warrants via qualified institutional placement up to $1 billion.


Sensex | Market News | Bank Nifty | Gold | Rupee | RBI | SBI | LIC | NBCC

Labels:

Comments

  1. Riya23 December 2019 at 17:50

    MMMFS STOCK CASH CALL BUY ZEEL ABOVE 289 TGTS 292.50-295-297.50 SL 285.50
    STOCK CASH UPDATE: 2ND TGT 295 ACHIEVED IN OUR ZEEL BUY CALL, BOOK SOME PROFIT
    Stock Cash Tips

    ReplyDelete
  2. Dariya14 March 2020 at 18:44

    nice information thanks for sharing valuable content with us we also provide great information related to your blog feel free to visit our Forex market

    ReplyDelete

Post a Comment

Popular posts from this blog

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

Stock Market News - Maruti Suzuki, Tata Motors top losers, metals lose shine

Maruti Suzuki, Tata Motors top losers - Tata Motors, Maruti Suzuki shares emerged among the biggest losers, shedding up to 2%. Sun Pharma, Bharti Airtel was trading up to 1% higher. NEWS ALERT |  1. L&T Technology Services wins new electrification project from European automobile OEM 2. UltraTech Cement said investor meetings would be held on September 9 and 10 which will be attended by the representatives of the company.  Metal Index About To Turn Oversold Technically, Metal Index doubled in 2 years as it gained 2,800 points over 1,400, however, in the last 21 months it has lost about 2,100 points, which is nearly 75 percent erosion."It implies that the sector is about to turn oversold and we could see starting of value buying or contra buying at the current or little lower levels," Shrikant Chouhan, Senior VP - Technical Research at Kotak Securities said. CATCH ALL THE MARKET UPDATES -  ABB trades in the red NBCC trades 2% higher Shilp...
1 comment
Read more

Share market Updates: Sensex up 180 points; Nifty above 10900; ONGC, HDFC fall, Titan zooms 4%

Share market LIVE updates: The domestic stock markets– Sensex and Nifty –opened higher tracking positive global cues from Asian markets. The 30-share Sensex rallied by more than 182 points to 36,285.46 in the opening trade while the Nifty 50 is trading above the 10,850 marks.  Kotak Mahindra Bank shares slumped about 0.5% to Rs 1,237.20, as December 31st is the last day according to RBI for Uday Kotak’s to cut stake in the bank. Jewellery-maker Titan shares gained by more than 4% to hit the day’s high at Rs 925.75. Earlier,  Singaporean and Malaysian stocks rose on Monday in thin year-end trading as a phone call between the U.S. and Chinese leaders spurred hopes that the two economic heavyweights would reach a deal that could ease their damaging trade standoff, Reuters reported. Rupee opens higher at 69.78 per US dollar; 10-year bond yield falls to 7.37% After appreciating about 40 paise on Friday to close the day 69.93 against the US currency, the rupee gained...
Post a Comment
Read more