ANI
07 May 2021, 10:33 GMT+10
Mumbai (Maharashtra) [India], May 7 (ANI): Equity benchmark indices showed resilience and traded higher during early hours on Friday fuelled by an expectation that the second Covid-19 wave will peak this month and the economy will rebound quickly.
At 10:15 am, the BSE SP Sensex was up by 405 points or 0.83 per cent at 49,354 while the Nifty 50 ticked higher by 117 points or 0.8 per cent to 14,842.
Except for Nifty auto, all sectoral indices at the National Stock Exchange were in the positive zone with Nifty metal up by 2.5 per cent, pharma by 1.1 per cent and realty by 1.4 per cent.
Among stocks, Tata Steel moved up by 3.3 per cent to Rs 1,137.10 per share. JSW Steel was up by 2.3 per cent and Hindalco by 1.1 per cent.
IndusInd Bank rose by 2 per cent, HDFC Bank by 1.4 per cent, SBI Life by 1.8 per cent and Sun Pharma by 1.2 per cent.
However, those which lost were Tata Consumer Products, Hero MotorCorp, Bajaj Auto and Eicher Motors.
Meanwhile, Asian stocks were on a surge while traders braced for a key US jobs report later during the day that could provide clues on when the Federal Reserve will ease back on monetary stimulus.
Japan's Nikkei was up by 0.13 per cent while Hong Kong's Hang Seng index moved higher by 0.51 per cent. South Korea's Kospi advanced by 0.56 per cent. (ANI)Get a daily dose of Tucson Post news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Tucson Post.
More InformationNEW YORK, New York - A slightly lower-than-expected CPI reading for February helped U.S. stocks to stabilize after some relentless...
NEW YORK CITY, New York: New York's office market is showing signs of a comeback as major investors, including Blackstone, scout for...
NICOSIA, Cyprus: Cyprus' ancient Commandaria wine, praised for its rich heritage dating back nearly 3,000 years, is making a comeback...
SAN FRANCISCO, California: Shares of DoorDash, Williams-Sonoma, Expand Energy, and TKO Group surged in extended trading on March 7...
NEW YORK, New York - The freefall fn U.S. stocks continued Tuesday with all the major indices taking a hit durin g the bulk of the...
WASHINGTON, D.C.: The Trump administration announced this week that it will end collective bargaining rights for about 50,000 TSA officers...
WASHINGTON, D.C.: The Trump administration announced this week that it will end collective bargaining rights for about 50,000 TSA officers...
LOS ANGELES, California: Los Angeles County, Pasadena, and other public agencies have sued Edison International and its subsidiary,...
WASHINGTON, D.C.: Multi-billionaire Elon Musk, a close adviser to U.S. President Donald Trump, has welcomed his 14th child. His newest...
WASHINGTON, D.C.: Former U.S. President Donald Trump says he wants to cut federal funding for colleges that allow what he calls illegal...
(Photo credit: William Purnell-Imagn Images) Seventh-seeded Baylor will look to improve its likelihood of making the NCAA Tournament...
(Photo credit: William Purnell-Imagn Images) KANSAS CITY, Mo. -- Keyshawn Hall scored 23 points, including 17 in the second half,...