Equity indices trade at fresh highs led by banks stocks
Mumbai: Key Indian equity indices on Friday traded at fresh highs during the mid-afternoon session buoyed by broadly positive Asian indices, coupled with upbeat quarterly corporate earnings and healthy buying in banking stocks.
At 12.40 p.m., the wider Nifty50 of the National Stock Exchange traded higher by 19 points or 0.18 per cent at a fresh level of 10,836 points.
On the BSE, the barometer 30-scrip Sensitive Index (Sensex), which opened at 35,339.11 points, traded at a new high of 35,368.51 points -- up 108.22 points or 0.31 per cent -- from its previous session's close.
The Sensex has so far touched a high of 35,434.08 points and a low of 35,221.16 points during intra-day trade.
However, the BSE market breadth was bearish as 1,663 stocks declined as compared to 1,030 advances.
The top five gainers on the BSE were Adani Ports, State Bank of India, ICICI Bank, Kotak Bank and Reliance Industries.
On Thursday, the benchmark indices closed at higher levels despite paring gains on the back of profit-booking.
The Nifty50 edged higher by 28.45 points or 0.26 per cent to close at 10,817 points, while the Sensex closed at 35,260.29 points -- up 178.47 points or 0.51 per cent.
Goldman Sachs-backed ReNew Power has received markets regulator Sebi's approval to float an initial public offering.
The Supreme Court today extended till August 8 the stay on a Gujarat trial court's proceedings on the criminal defamation complaint filed by Jay Shah, son of BJP president Amit Shah, against news portal 'The Wire' and its scribes for allegedly writing a defamatory article.
Home Minister Rajnath Singh today said the central government is open to further review of the GST rates of different items as it has just reduced taxes of 88 consumer-centric products such as refrigerators, washing machines and sanitary napkins.
Euro zone consumer confidence was unchanged in July from June, indicating economic growth may be stabilizing going into the third quarter, figures released on Monday showed.
U.S. home sales fell for a third straight month in June as a persistent shortage of properties on the market pushed up house prices to a record high, likely sidelining some potential buyers.
The station, which was named after Lord Elphinstone, the Governor of Bombay Presidency from 1853 to 1860, has now been renamed in honour of a local deity.
Lavasa -an ultimate getaway, a city that would offer the charms of European locales, with five star comforts in a scenic part of Maharashtra has now become an abandoned town.
A second chargesheet by the ED has confirmed the trail of illegal cash Mallya transferred to his accounts across global tax havens.
Delayed payment by GMR-led DIAL, the Delhi airport operator, to the CISF guards could eventually lead to passengers paying more to fly out of the Indian Capital.
The West Bengal Police has claimed to have busted a Rs 100 crore plus job racket in the Indian Railways following a crucial arrest in the Indian Capital.