Share Market News Today | Sensex, Nifty, Share Prices LIVE: Continuing the bull run from last three days, domestic equity market benchmarks Sensex and Nifty ended nearly 5 per cent higher on Thursday after the Union Finance Minister Nirmala Sitharaman announced Rs 1.7 lakh crore relief package to aid the economy amid coronavirus. S&P BSE Sensex ended 1,411 points or 4.94 per cent higher at 29,946, while the broader Nifty 50 index settled at 8,653, up 336 points or 3.89 per cent. As many as 26 stocks out of 30 Sensex stocks finished trading in a positive territory. IndusInd Bank was the top Sensex gainer throughout the day, gaining 45 per cent, followed by LT, Bharti Airtel and Bajaj Finance. On the flip side Maruti, Tech Mahindra, Sun Pharma and RIL were the top Sensex laggards. All the Nifty sectoral indices ended in green. Nifty Private Bank index was the top gainer, up 8.27 per cent led by IndusInd Bank, Bandhan Bank and Federal Bank. Similarly, Nifty Realty index jumped 7.28 per cent driven by gains in DLF, Brigade Enterprises and Prestige Estates Projects.
Union Finance Minsiter Nirmala Sitaraman in her press conference at National Media centre, announced a slew of measures such as cash transfers to poor and migrants, medical insurance and food scheme. FM Sitharaman has also announced Rs 50 lakh medical cover per person for the government’s sanitation workers, ASHA workers, doctors, paramedics, others, if they need it. The scheme likely to benefit 20 lakh such workers.
With the country is gearing up for the fight against coronavirus, multi-billion dollar enterprise Mahindra Group has said that it will help in the making available ventilators, which are essential to healthcare of infected patients.
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After limiting its services to essential products, e-commerce company Amazon on Thursday suspended cash on delivery (COD) payment method to minimize the risk of contraction due to the Coronavirus and ensure the practice of social distancing. “To ensure social distancing, we have temporarily suspended Pay on Delivery for all orders, and are only accepting orders made using online payments. We will continue to deliver orders that are paid online,” Amazon’s website and the app said.
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Bharti Airtel and Bharti Infratel among top gainers on the National Stock Exchange. While Barti Airtel jumped 9.4% to trade at Rs 469 per share, Bharti Infratel gained 10% to trade at Rs 162 apiece.
As FM announced no relief for the banking sector, Nifty Bank dropped from its highs. The index was up by almost 10%, now it is up 5.6%.
“FM’s announcements are focused mostly towards rural poor. Positive for consumers as a theme but mostly low-priced products. Rs1.7 lakh crore is about 0.8% of GDP. Collapse of demand, as was being feared by many, looks unlikely. So the period of lockdown may not be extended. These measures, if effectively and quickly implemented, would make the total shutdown more complete. This is the biggest positive for listed companies," says Sujan Hajra, Chief Economist and Executive Director, Anand Rathi Shares & Stock Brokers.
'Comprehensive package for the poor and vulnerable. The focus is 'nobody should go hungry.' No announcements for stimulating the economy. Perhaps later. This is a package for lockdown impacted segments. Regarding relief to MSMEs etc the FM said 'we will look into it.' So industry specific measures likely to be announced in the next package. The govt is prioritising. This can go a long way in implementing the lockdown. A deficiency is that the states who have to implement lots of measures have not been given any significant transfer,' says V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
ITC share price gained in trade as the Union Finance Minister made announcements related to food scheme. ITC was trading 5.23 per cent higher at Rs 155 apiece on BSE in late afternoon deals on Thursday.
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Sensex and Nifty erased of their gains but were trading higher with Nifty above 8500. The Sensex was up 839 points or 2.94 per cent at 29,374, and the Nifty was up 226 points or 2.72 per cent at 8,544.
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S&P BSE Fast Moving Consumer Goods is up 3.35 per cent as FM Sitharaman announced a host of measures to combat coronavirus (COVID-19). Parag Milk, Jyothy Labs and Hertitage foods, each up over 10 per cent, were among the top gainers on the index
HUL share price gained in trade as FM Sitharaman announced a slew of measures to aid the economy amid coronavirus. HUL shares were trading 3.71 per cent higher at Rs 2153 apiece on BSE in Thursday's trade.
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Nifty FMCG index was trading 3.22 per cent higher in the afternoon deals on Thursday. Godrej Consumer Products, Marico and Dabur India were the top gainers on the index
Maruti was the top Sensex loser, down 5 per cent to Rs 4778 apiece on BSE in the afternoon deals on Thursday.
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As many as 24 stocks out of 30 Sensex stocks were trading in green, with IndusInd Bank as top gainer, up 35 per cent, followed by Axis bank, HDFC and Bharti Airtel. On the contrary, Maruti, NTPC and Reliance Industries (RIL) were among top laggards on the Sensex.
Finance Minister Nirmala Sitharaman has come up with a Rs 1,70,000 crore relief package for the daily wage earners, women workers and migrant workers as the country remains in a 21-day lockdown period due to coronavirus outbreak. Addressing the media today, FM Nirmala Sitharaman said that PM Garib Kalyan relief package will be distributed by cash transfers and food security.
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As the Union Finance Minsiter Nirmala Sitharaman's press conference began, S&P BSE Sensex was off from day's high to trade at 29,313.73, while the broader Nifty 50 index was ruling at 8553.
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Finance Minister Nirmala Sitharaman is addressing a press conference, unveiling a mega economic relief package, building on government’s measures to provide subsidised ration and easing compliance requirements to help beat coronavirus-led slowdown. In FM Sitharaman’s last press conference, she said that the economic relief package will be announced sooner, rather than later. While eyes are glued on MSME relief package and liquidity infusion, daily wage workers may also get some relief.
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Housing sales fell by 42 per cent during January-March period at 45,200 units across seven major cities on poor demand amid concerns over spread of coronavirus infections, according to housing brokerage firm Anarock. Housing sales stood at 78,510 units in the year-ago period across seven cities — Delhi-NCR, Mumbai Metropolitan Region (MMR), Kolkata, Chennai, Bengaluru, Hyderabad and Pune, as per sales data till March 25.
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Sectoral index Nifty Bank has jumed 9.45% helped by a gain in IndusInd Bank, Bandhan Bank, Axis Bank and Federal Bank. IndusInd Bank has surged more than 40% in today's rally, while Bandhan Bank has jumped 30%.
With the country is gearing up for the fight against coronavirus, multi-billion dollar enterprise Mahindra Group has said that it will help in the making available ventilators, which are essential to healthcare of infected patients. The company is working on two fronts — ramping up manufacturing by simplifying design so that large production can take place.
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There are more women running Fortune 500 businesses today than at any point in the history of the list. These are words we hear every other year, in a parade of puff pieces and profiles trotted out to showcase the strides towards equality being taken by the world’s largest businesses. What’s more telling is what the majority of these articles fail to mention – that this ‘highest ever number’ consists of just 33 individuals.
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IndusInd Bank share price jumped 47 per cent to Rs 443 apiece on BSE in noon deals on Thursday. IndusInd Bank emerged as the top Sensex gainer today among 30 Sensex stocks.
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Gold prices slipped in the early trade on Thursday, after gaining for three consecutive sessions. On MCX, gold April futures were trading Rs 517 or 1.22 per cent down at Rs 41,700 per 10 grams. Similarly, silver May futures were also ruling lower at 41,053, down Rs 653 or 1.57 per cent
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S&P BSE Sensex gained 1436 points or 5.03 per cent to trade at 29,972.47, while the Nifty 50 index reclaimed 8,700 level ahead of FM Sitharaman press meet.
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Union Finance Minsiter Nirmala Sitaraman to hold a press conference today, 26th March , at 1 pm onwards at National Media centre .
The 30-share index Sensex was off day’s high of 30,099, to trade at 29,374, while the broader Nifty 50 index was ruling at 8522. up 204 points or 2.46 per cent.
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Even as Finance Minister Nirmala Sitharaman has announced to roll out an economic relief package amid the Covid-19 scare, the PSU banks have come to rescue the businesses affected by the countrywide lockdown. The businesses suffering from a slump in demand and zero footfall in the market can now look up to many PSU banks to get emergency credit to carry on their endeavors. State Bank of India, Indian Bank, Uco Bank, Bank of India (BOI), and Union Bank of India (UBI), have announced emergency credit lines for quick loans.
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IndusInd Bank, the private sector lender that took a beating on the bourses earlier this week surged more than 37% on Thirsday to hit and upper limit and trade at Rs 436.7 per share.
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As businesses shut doors due to the Coronavirus pandemic and the economy slows down further, demand surge has taken a detour in India. With little to no economic activity taking place, EMIs and loan repayments have taken the center stage.
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Budget carrier SpiceJet has returned five wet-leased Boeing 737 aircraft to Turkey’s Corendon Airlines as the aviation sector continues to remain under the firing line of the coronavirus outbreak. While the airline said that the return is a part of the airline’s efforts to cut costs, sources hinted at financial crunch.
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Extending the gains, domestic equity market benchmarks Sensex and Nifty were trading nearly 4 per cent higher on Thursday on reports that Modi’s government likely to agree an economic stimulus package of more than Rs 1.5 trillion to stem the spread of coronavirus. S&P BSE Sensex was trading 1154 points or 4.05 per cent higher at 29,690, while the broader Nifty 50 index was ruling 326 points or 3.93 per cent higher at 8644.
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Extending the opening gains, IndusInd Bank share price was trading 30 per cent higher at Rs 391.55 apiece on BSE in Thursday's session. In the the previous session, IndusInd Bank lost 10 per cent.
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Private sector lender Bandhan Bank has surged 20% to trade at Rs 185 per share, hitting an upper circuit.
S&P BSE Sensex was trading at 29,513.72, up 977.94 points or 3.43 per cent while the broader Nifty 50 index was ruling at8566, up 248 points or 3 per cent.
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IndusInd Bank share price snaps losing streak, jumps 15 per cent in opening deals today. In the previous session, IndusInd Bank shares plunged 10 per cent in trade.
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Hspitality arm of Tata Group, Indian Hotels hit a fresh 52-week low on the BSE at Rs 71.90 per share as it sank more than 2% during the early trade.
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S&P BSE Sensex jumped 700 points or 2.47 per cent to trade at 29,241.52, while the broader Nifty 50 index was ruling at 8,493.95, up 176 points or 2.12 per cent.
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IndusInd Bank share price jumped 10 per cent to Rs 331.3 apiece on BSE in Thursday's trade. It was the top Sensex gainer today.
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Ace investor and promoter of Avenue Supermarts, Radhakishan Damani has yet again purchased shares in India Cements, this time in a bulk deal of 16 lakh sharesa at Rs 94.97 per share.
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As many as 20 stocks out of 30 Sensex stocks were trading in green, with IndusInd Bank as top gainer, up 8.9 per cent, followed by Tech Mahindra, Infosys and Axis Bank. On the contrary, Maruti, Nestle India, Bharti Airtel and ITC were among top laggards on the Sensex.
S&P BSE Sensex was trading 257 points or 0.90 per cent higher at 28,793, while the nroader Nifty 50 index was at 8430, up 120 points or 1.45 per cent
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