Bank recapitalisation plan boosts key Indian equity market trade

Bank recapitalisation plan boosts key Indian equity market trade”

Similarly, the NSE Nifty 50 closed at a new high of 10,295.35 points, up 0.86 per cent or 87.65 points.

At 0620 GMT, the S&P BSE Sensex fell 0.05 percent at 33,026 while the broader NSE Nifty rose 0.12 percent to 10,307.

"The BSE Sensex surged over 500 points to hit an all time high of 33,117.33 in the opening session on Wednesday after the finance ministry on Tuesday announced a Rs2.11 trillion bank recapitalization plan for state-owned lenders".

The Sensex touched a high of 33,112.51 points and a low of 32,835.06 points during the intra-day trade so far.

Offloading of positions by participants with Thursday being the last trading session of October series contracts in the derivatives segment pulled the index back from record levels, analysts said.

"Yet another high and no sign of fatigue".

"While today's F&O expiry added some volatility in between, FIIs are likely to get attracted to the domestic tailwinds".

Market breadth was mixed with 1375 shares rising against 1326 falling on the BSE.

The Government's announcement of Rs 9-lakh crore booster dose charged up banking and infra stocks in both bourses as the Centre acted with various measures to spur the economy, including a Rs 2.11 lakh crore recapitalisation plan for PSU banks and a massive Rs 6.92 lakh crore road building programme. "Markets zoomed higher on Wednesday to close at new life highs".

Major Sensex losers were: Kotak Mahindra Bank, down 5.43 per cent at Rs 1,009.70; HDFC Bank, down 3.76 per cent at Rs 1,794.50; HDFC, down 2.60 per cent at Rs 1,677.90; Lupin, down 2.22 per cent at Rs 1,003.75; and Sun Pharma, down 2.10 per cent at Rs 523.25.

The BSE Small-Cap index rose 0.61 per cent while mid-caps gained 0.50 per cent.

Nasdaq closed in red, down by 0.53 per cent while FTSE 100 was also down by 1.07 per cent at the closing on Wednesday.

Like this


26 October 2017
Leaked OPPO R11s Renders Reveals Design and Three Color Variants
The display will apparently have a 18:9 resolution, Full HD and be somewhere between 5.8in and 6in on the display . One of the talking points of the smartphone is that it joins the list of phones with 18:9 aspect ratio screens.

26 October 2017
Verizon unlimited plan full-quality video streaming costs ten bucks extra
It'll cost you an extra $10 per month, but you'll be able to stream video to your phone over 4G LTE at its original definition. The $75/month plan limits smartphone users to only 480p resolution when streaming videos over their mobile data connection.

26 October 2017
Othman: Hike in prices due to various factors, not GST
Ng said what was happening was that traders took advantage of the imposition of GST by six per cent to raise prices. Until September 30, 454,609 traders were registered with the Customs Department.

26 October 2017
Analysts Showing Optimistic Trends For Valero Energy Corporation (VLO)
ValuEngine raised Valero Energy Corporation from a "hold" rating to a "buy" rating in a research report on Friday, September 1st. Spirit of America Management Corp NY raised its holdings in shares of Valero Energy Corporation by 29.0% during the 3rd quarter.

26 October 2017
Android 8.1 Developers Preview Released with Neutral Network API
By then, APIs are expected to be close to their final development phase with AOSP and OEM versions ready before the end of 2018. Developers can access the Android 8.1 beta now, but the new operating system will only be released to the public in December.

26 October 2017
Jessica Alba Is Expecting Her First Son With Husband Cash Warren
For instance, the couple named their daughters Honor and Haven, who are nine and six years old, respectively. Alba announced in July that she was pregnant with her third child while in vacation in Hawaii.

26 October 2017
Catalan leader reportedly set to call snap election
The Catalan president could defuse Spain's deepest political crisis in decades by calling a snap regional election. Puigdemont said that would be an "affront" to Spain's constitution.

26 October 2017
At least 4 killed in Finland train crash
A MASI military truck carrying the soldiers crashed with a rail vehicle at a crossing, local news report. Thursday had "started with grim news", the country's defence minister, Jussi Niinisto, tweeted .

26 October 2017
This is where the new Legoland will be opened
Varney spoke of the uniqueness of Legoland parks and stated that Merlin had chosen an outstanding area to build the newest park. This follows almost a year and a half of public meetings and hearings, and a thorough review process by the Planning Board.

26 October 2017
Wall Street rally pauses in early trade
Yields extended gains after data showing new orders for key USA -made non-defense capital goods rose 1.3 percent last month. MSCI's broadest index of Asia-Pacific shares outside Japan closed 0.14% higher, while Japan's Nikkei lost 0.45%.