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Tag: Banking Stocks

Sensex soars over 350 pts; Nifty near 11,800

Mumbai: Domestic equity benchmark BSE Sensex rallied over 350 points Wednesday driven by gains in banking and IT stocks, amid positive cues from global markets ahead of US Fed policy outcome. The 30-share index was trading 367.24 points, or 0.94 per cent, higher at 39,413.58 at 0930 hours. Similarly, the broader NSE Nifty was quoting […]

Weak rupee, Asian markets pull indices lower; banking stocks aid in recovery

Mumbai: The key domestic equity indices ended on a flat-to-negative note on Monday, as a weak rupee and broadly negative Asian markets weighed down investors sentiments. However, positive macro-economic update, marginal foreign fund inflows and a rise in banking stocks after State Bank reported a profit for the second quarter aided the indices to pare some […]

Weak global cues keep equity indices flat; banking stocks fall

Mumbai: Amid choppy trade, the key Indian equity indices traded on a flat note during the afternoon session of the trade on Tuesday after global markets reacted negatively to reports of fresh US tariffs announced on Chinese imports. Among the sectors, banking stocks witnessed heavy selling pressure, a day after the government proposed to merge […]

Sensex, Nifty touch new record highs; banking stocks rise

Mumbai: Key equity indices – BSE Sensex and NSE Nifty50 — touched fresh all-time highs on Monday, supported by healthy buying in banking, consumer durables and auto stocks. Both the Sensex and Nifty50 hit their all-time highs of 37,801.78 points and 11,427.00 points respectively. According to analysts, broadly positive global cues also supported the gains. […]