Stock Market Latest Updates: Sensex rises over 100 points, Nifty at 9,106; ITC, Asian Paints, Maruti among top gainers

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Stock Market Latest Updates: Sensex rises over 100 points, Nifty at 9,106; ITC, Asian Paints, Maruti among top gainers
  • 16:01 (IST)

    Sensex rises over 100 points, Nifty at 9,106

    Market ended on a positive note despite final hour profit booking that erased some of intraday gains.

    The Sensex rose 114.29 points or 0.37 percent at 30,932.90 while the broader Nifty was up 39.70 points or 0.44 percent at 9,106.25. 

    ITC was the top gainer in the Sensex pack surging over 7 percent. Other gainers included Asian Paints, Hero MotoCorp, Maruti, Bajaj Auto and Sun Pharma.
    NTPC, IndusInd Bank, Bajaj Finance, HDFC and L&T were among the losers.

    On the Nifty, Hindalco Industries, Asian Paints, Hero MotoCorp and Maruti Suzuki were among major gainers, while losers were Bajaj Finserv, IndusInd Bank, NTPC, Bajaj Finance and Adani Ports.

    Among sectors, except Nifty Bank, all other indices ended in the green. BSE Midcap and Smallcap indices rose over 0.5 percent each.

  • 16:00 (IST)

    Bharti Airtel acquires strategic stake in AI tech firm Voicezen

  • 15:57 (IST)

    GE Renewable bags 102.6 MW wind turbine project from Powerica

    GE Renewable Energy on Thursday said it has bagged a 102.6 MW wind turbine supply deal from Powerica Ltd for projects in Gujarat.

    "GE Renewable Energy has been selected by Powerica Ltd to supply 38 of its 2.7-132 onshore wind turbines to be installed at the Rajkot and Khambaliya wind farms in Gujarat, India," a company statement said.

    Both projects were won by clean energy firm Powerica Ltd through a competitive bidding process organised by Gujarat Urja Vikas Nigam Limited (GUVNL) and Solar Energy Corporation of India Limited (SECI), respectively and will have an output capacity of 51.3 MW each.

  • 15:56 (IST)

    Hindustan Zinc net profit drops 33% to Rs 1,339 cr in March quarter

    Vedanta group firm Hindustan Zinc Ltd (HZL) on Thursday reported a 33.4 percent decline in net profit to Rs 1,339 crore for the quarter ended 31 March.

    The company had posted a net profit of Rs 2,012 crore in the corresponding quarter of 2018-19, Hindustan Zinc Ltd said in a filing to the BSE.

    Its total income declined to Rs 4,861 crore in the January-March quarter, compared with Rs 6,030 crore in the year-ago period.

    HZL Chief Executive Officer Sunil Duggal said, "Industrial activity across the globe is undergoing a level of disruption never seen since the Second World War. In these challenging times, our focus is business continuity and safety of people and operations and supporting our communities affected by the pandemic."

  • 15:46 (IST)

    Gold futures drop marginally on weak global cues

    Gold futures on Thursday fell 0.75 percent to Rs 46,776 per 10 gram as participants offloaded their holdings following weak trend overseas.

    On the Multi Commodity Exchange, gold prices for the June delivery fell by Rs 355, or 0.75 percent, to Rs 46,776 per 10 gram in a business turnover of 2,854 lots.

    The yellow metal for the August delivery declined by Rs 403, or 0.85 percent, to Rs 46,937 per 10 gram in 10,663 lots.

    In New York, gold was trading 1.03 percent down at $1,734.10 per ounce.

  • 15:44 (IST)

    Minimum air fare on Delhi-Mumbai route to be Rs 3,500: Hardeep Singh Puri 

  • 15:39 (IST)

    HungerBox team supplies meals to daily wage workers 

    The FeedmyBangalore startup was launched three days into the lockdown which was announced on 24 March 2020. The initiative feeds daily wage workers and their families living in camps/slums in Bangalore and Hyderabad.  
     

    HungerBox,a food-tech firm has partnered with kitchens and is delivering meals every day as part of the FeedMyBangalore initiative and FeedMyHyderabad initiative.

    Sandipan Mitra, CEO and co-founder of HungerBox, said, “One of the things we have quickly done is absorbing some of 200 staff from our food vendors and brought them onto our rolls. We are deploying in them, in compliance with government guidelines, at approximately 40 campuses around the country." 

  • 15:28 (IST)

    Uber Connect now available in 5 more cities 

    Uber on Thursday announced the availability of its recently launched package delivery service - Uber Connect, in more cities, New Delhi, Noida, Hyderabad, Chennai, and Chandigarh.

    Piloted last week in four markets - Kolkata, Jaipur, Guwahati and Gurgaon, Uber’s latest service enables residents to send and receive items from each other within city limits, while maintaining social distancing. 

     
    With this expansion, Uber Connect will now be available across nine key Indian cities, the company said in a statement.
     

    All packages sent via Uber Connect will be transported on a two wheeler vehicle, be under 5 kilograms in weight, and not include prohibited items such as alcohol, recreational drugs, or dangerous and illegal items.
     
     

    Prabhjeet Singh, Director-Operations and Head of Cities, Uber India & South Asia, said, “Uber Connect to five more cities creates earning opportunities for driver partners.”
     

  • 15:23 (IST)

    Indices trim gains, Sensex up 128 points, Nifty above 9,100

    Indices trimmed the gains as Sensex was trading 127.61 points or 0.41 percent higher at 30,946.22 while the Nifty was up 41.65 points or 0.46 percent at 9,108.20 at around 3.10 pm.

    ITC was the top gainers in the Sensex pack surging over 7 percent. Other gainers included Asian Paints, Hero MotoCorp, Bajaj Auto, Maruti and Sun Pharma.

    The losers included NTPC, IndusInd Bank, Bajaj Finance, HDFC and L&T.

  • 15:12 (IST)

    Kerala records highest number of cyber attacks

    While the sudden outbreak and spread of COVID-19 has led to a continuing lockdown in India, the situation has exposed the netizensto cybercrimes in the country.

    K7 Computing’s Cyber Threat Report, an analysis of cyberattacks during the lockdown, has found that Kerala recorded the highest number of cyberattacks during this period. The report analyses various cyberattacks within India during the pandemic and reveals that threat actors targeted the state with COVID-19 themed attacks aimed at exploiting user trust.

    The sudden surge in the frequency of attacks witnessed from February 2020 to mid-April 2020 indicates that scamsters across the world were exploiting the widespread panic around coronavirus at both the individual and corporate level.

    These attacks aimed to compromise computers and mobile devices to gain access to users’ confidential data, banking details, and cryptocurrency accounts. 

    J Kesavardhanan¸founder and CEO of K7 Computing, said, “COVID-19 has created an ideal situation for various threat actors to target individuals and enterprises alike. The panic caused by the stringent lockdown measures and rapid spread of this virus has left many people looking for more information on the situation. Threat actors exploit this fear to their advantage and scam users into downloading malicious software and divulging sensitive information like banking codes."

    The need to be cyber cautious has never been greater. This is more so in the case of corporates who have adopted a work from home policy hurriedly without adequate cyber hygiene. We have seen an increase in attacks on enterprises and SME employees as well, he said. 

Stock Market Latest Updates: Sensex rises over 100 points, Nifty at 9,106; ITC, Asian Paints, Maruti among top gainers

Washington: Asian shares were poised to open higher on Thursday after global equities and crude prices rallied overnight on hopes of a rapid economic recovery and government support.

Hong Kong futures edged higher. Nikkei futures were trading above the Nikkei 225 index's previous close. Australian shares were also set to rise.

Global equities have received a boost this week as governments around the world gradually loosened their coronavirus lockdown restrictions, raising investor hopes the economic impact of the pandemic would be short-lived.

MSCI’s gauge of stocks across the globe broke out of a three-week trading range overnight, and oil prices rallied as US data showed declining inventories and firming demand.

On Wall Street, the Dow Jones Industrial Average rose 1.52 percent, the S&P 500 gained 1.67 percent, and the Nasdaq Composite added 2.08 percent.

 Stock Market Latest Updates: Sensex rises over 100 points, Nifty at 9,106; ITC, Asian Paints, Maruti among top gainers

Representational image. Reuters

“A solid night for risk, with equities working, crude and copper pushing higher and again that should spill over into Asia trade,” Chris Weston, head of research at Melbourne-based brokerage Pepperstone, said in a note.

Copper prices hit a two-month high ahead of a Chinese government meeting this week that is expected to boost demand with pledges of higher spending on infrastructure.

Minutes from the US Federal Reserve’s April meeting released on Wednesday showed policymakers affirmed a pledge to keep interest rates near zero until they are confident the economy is on track to recovery.

The euro opened higher as the US dollar sank against major currencies. The common currency was buoyed by a proposal for a common fund that could move Europe closer to a fiscal union as it tries to counter the hit from the coronavirus pandemic.

Gold prices were slightly lower, under pressure from increased risk appetite, which lifted equities. Earlier, bullion was boosted by doubts about the development of a coronavirus vaccine and a wave of government stimulus.

The World Health Organization expressed concern on Wednesday about the rising number of new coronavirus cases in poor countries, even as many rich nations have begun emerging from lockdown.

Updated Date: May 21, 2020 16:07:04 IST



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