Trade Nivesh The gains were broad-based with all the sectoral indices on NSE in the green
The breadth of the market was also strong, with BSE midcap and smallcap indices up over 1%
Indian markets moved sharply higher today, with Sensex rising over 400 points, tracking higher global markets. Broader market index Nifty was firm, rising to 11,288 at day's high. The gains were broad-based with all the sectoral indices on NSE in the green. The breadth of the market was also strong, with BSE midcap and smallcap indices up 1% and 1.4% respectively.
Most Asian markets are higher today, following on from a rally on Wall Street overnight. The amended Brexit deal gave a further boost to investors' appetite for riskier assets, after global equity indexes climbed overnight on gains in technology stocks and expectations of more stimulus from China.
Overnight, US shares rebounded from a week-long losing streak, with news that U.S. chip supplier Nvidia Corp has agreed to buy Israeli chip designer Mellanox Technologies Ltd for $6.8 billion helping to boost tech shares.
Jet Airways rises nearly 2%
Jet Airways India Ltd rose 2% to ₹251 after Mint reported that Etihad Airways PJSC, which owns a 24% stake in Jet Airways (India) Ltd, has set several conditions before its next round of proposed investment in the cash-strapped airline. The infusion of fresh funds, will, however, be subject to approval from the Etihad board of directors.
Bharti Airtel to slash direct stake in Infratel
Bharti Infratel Ltd said on today that mobile carrier Bharti Airtel Ltd will slash its stake in the telecom tower company by more than half to 18.3%.
Airtel's unit, Nettle Infrastructure Investments Ltd, will buy a 32% stake in Bharti Infratel, the telecom tower company said. Shares of Bharti Airtel were down 0.66% at ₹331 today, after surging over 8% on Monday.
HDFC Life Insurance shares fall 4%
HDFC Life Insurance Company fell 4% to ₹374 after the company said in a note to BSE that Standard Life Mauritius is set to sell 3.47% stake in HDFC Life Insurance through an offer-for-sale.
Rupee turns positive for 2019 against US dollar
Indian rupee on Tuesday turned positive for 2019 against US dollar as foreign investors continued to buy in equities and debt ahead of general elections. The rupee was trading at 69.62 a dollar, up from its previous close of 69.89. The home currency opened at 69.75 a dollar and touched a high of 69.69.
Standard Life to sell 4.93 pc stake in HDFC Life via OFS
HDFC Life Insurance on Monday said one of its promoters, Standard Life, will sell up to 4.93 % in the life insurance firm through offer for sale (OFS).
The Standard Life (Mauritius Holdings) 2006 Ltd, one of the promoters of the insurer, will sell stake through OFS on March 12 and the floor price for the sale will be ₹357.50 per share, HDFC Life said in a regulatory filing.
At the floor price, the company will raise about ₹3,500 crore.
Oil prices rise amid broad market rally, OPEC supply cuts
Oil prices rose on Tuesday, lifted by healthy demand and output cuts led by producer group OPEC. A rally in broader financial markets also supported crude futures, although analysts still warned of risks to the global economy.
U.S. West Texas Intermediate (WTI) crude oil futures were at $56.97 per barrel at 0054 GMT, up 18 cents, or 0.3 percent, from their last settlement.
Brent crude futures were at $66.75 per barrel, up 17 cents, or 0.3 percent.
The breadth of the market was also strong, with BSE midcap and smallcap indices up over 1%
Indian markets moved sharply higher today, with Sensex rising over 400 points, tracking higher global markets. Broader market index Nifty was firm, rising to 11,288 at day's high. The gains were broad-based with all the sectoral indices on NSE in the green. The breadth of the market was also strong, with BSE midcap and smallcap indices up 1% and 1.4% respectively.
Most Asian markets are higher today, following on from a rally on Wall Street overnight. The amended Brexit deal gave a further boost to investors' appetite for riskier assets, after global equity indexes climbed overnight on gains in technology stocks and expectations of more stimulus from China.
Overnight, US shares rebounded from a week-long losing streak, with news that U.S. chip supplier Nvidia Corp has agreed to buy Israeli chip designer Mellanox Technologies Ltd for $6.8 billion helping to boost tech shares.
Jet Airways rises nearly 2%
Jet Airways India Ltd rose 2% to ₹251 after Mint reported that Etihad Airways PJSC, which owns a 24% stake in Jet Airways (India) Ltd, has set several conditions before its next round of proposed investment in the cash-strapped airline. The infusion of fresh funds, will, however, be subject to approval from the Etihad board of directors.
Bharti Airtel to slash direct stake in Infratel
Bharti Infratel Ltd said on today that mobile carrier Bharti Airtel Ltd will slash its stake in the telecom tower company by more than half to 18.3%.
Airtel's unit, Nettle Infrastructure Investments Ltd, will buy a 32% stake in Bharti Infratel, the telecom tower company said. Shares of Bharti Airtel were down 0.66% at ₹331 today, after surging over 8% on Monday.
HDFC Life Insurance shares fall 4%
HDFC Life Insurance Company fell 4% to ₹374 after the company said in a note to BSE that Standard Life Mauritius is set to sell 3.47% stake in HDFC Life Insurance through an offer-for-sale.
Rupee turns positive for 2019 against US dollar
Indian rupee on Tuesday turned positive for 2019 against US dollar as foreign investors continued to buy in equities and debt ahead of general elections. The rupee was trading at 69.62 a dollar, up from its previous close of 69.89. The home currency opened at 69.75 a dollar and touched a high of 69.69.
Standard Life to sell 4.93 pc stake in HDFC Life via OFS
HDFC Life Insurance on Monday said one of its promoters, Standard Life, will sell up to 4.93 % in the life insurance firm through offer for sale (OFS).
The Standard Life (Mauritius Holdings) 2006 Ltd, one of the promoters of the insurer, will sell stake through OFS on March 12 and the floor price for the sale will be ₹357.50 per share, HDFC Life said in a regulatory filing.
At the floor price, the company will raise about ₹3,500 crore.
Oil prices rise amid broad market rally, OPEC supply cuts
Oil prices rose on Tuesday, lifted by healthy demand and output cuts led by producer group OPEC. A rally in broader financial markets also supported crude futures, although analysts still warned of risks to the global economy.
U.S. West Texas Intermediate (WTI) crude oil futures were at $56.97 per barrel at 0054 GMT, up 18 cents, or 0.3 percent, from their last settlement.
Brent crude futures were at $66.75 per barrel, up 17 cents, or 0.3 percent.
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