Skip to main content

Share market LIVE updates: Sensex up 250 points, Nifty above and ...

Share market LIVE Updates: After opening about 100 points higher, the 30-share Sensex gained more than 266 points to day's high of 35,526.21, while the broader Nifty 50 was trading above the psychological 10,650-mark.

marketcaptains

Sensex and Nifty opened in the green on Friday, tracking positive global cues. After opening about 100 points higher, the 30-share Sensex gained more than 266 points to day’s high of 35,526.21, while the broader Nifty 50 was trading above the psychological 10,650-mark. Asian share markets fared better as hopes for a thaw in Sino-U.S. trade relations gave Wall Street a fillip, though there were duelling reports on the prospects for an actual agreement. 

MSCI’s broadest index of Asia-Pacific shares outside Japan was ahead 0.26 percent in early trade, while Japan’s Nikkei added 0.2 percent, Reuters reported. U.S. stocks rose on Thursday on optimism the United States and China could resolve their trade dispute, after a news report said Washington would pause further tariffs on Chinese imports, said the Reuters report.

Yes Bank shares tanked 7% to hit the day’s low at Rs 190.50. The bank yesterday said that OP Bhatt has tendered his resignation from his duties as an external expert of the search and selection committee for the new CEO, with immediate effect citing that there may be a potential conflict of interest. We bring to you live updates from today’s trade.

Stock Market Tips and recommendations Follow Market captains .

Comments

Popular posts from this blog

Keep 5-yr investment horizon for Long Term Equity Fund

Though the fund has done well over past five years, the investors must be prepared to tolerate short-term under performance in case there is a sudden rally that overlooks fundamentals . Investment strategy The scheme has invested in a concentrated portfolio of around 25 stocks. The stocks are picked up on a bottom-up basis. The fund manager identifies investment opportunities that would deliver over a five-year time frame. “We don’t put much emphasis on the macro environment and the associated factors since they are not predictable and not within anyone’s control.  Should you invest now? The scheme’s portfolio has cut its net exposure to Indian stocks over past two years. Compared to 62 percent in September 2016, it came down to 55 percent in September 2017 and to 45 percent now, in line with rising valuations of quality companies. High cash levels and exposure to overseas stocks have helped the fund to weather recent sharp correction in Indian stocks....

Oil prices fall on rising US rig count, Illinois refinery fire

US West Texas Intermediate (WTI) crude futures were at $51.92 per barrel at 0144 GMT, down 80 cents, or 1.5 percent, from their last settlement. Oil prices fell by more than 1 percent on Monday as US drilling activity picked up and as a refinery fire in the US state of Illinois resulted in the shutdown of a large crude distillation unit. US West Texas Intermediate (WTI) crude futures were at $51.92 per barrel at 0144 GMT, down 80 cents, or 1.5 percent, from their last settlement. International Brent crude oil futures were down 71 cents, or 1.1 percent, at $61.39 a barrel. In the United States, energy firms last week increased the number of oil rigs operating for the second time in three weeks, a weekly report by Baker Hughes said on Friday. Companies added 7 oil rigs in the week to Feb. 8, bringing the total count to 854, pointing to a further rise in US crude production, which already stands at a record 11.9 million bpd. WTI prices were also weighed down by the ...

Wall Street drops, S&P 500 confirms correction

The Dow Jones Industrial Average fell 178.74 points, or 0.73 percent, to 24,285.95, the S&P 500 lost 17.37 points, or 0.66 percent, to 2,632.56 and the Nasdaq Composite dropped 33.27 points, or 0.48 percent, to 6,938.98. US stocks closed lower in a shortened post-holiday trading session on Friday as the energy sector tumbled on continued weakness in oil prices, and the benchmark S&P 500 confirmed its second correction of 2018. The three major US indexes all fell well over 3 percent for the week, with the Dow industrial and the Nasdaq posting their biggest weekly percentage declines since March. The S&P 500 ended about 10.2 percent down from its September 20 closing record high, confirming it had entered a correction. The S&P last entered a correction earlier this year after posting a then record high in late January, and falling more than 10 percent by early February. That correction lasted roughly seven months, until the index posted a fr...