ANI
09 Sep 2019, 16:48 GMT+10
Mumbai (Maharashtra) [India], Sept 9 (ANI): Equity benchmark indices traded in the green on Monday amid positive gains in global markets and an uptick in banking and financial stocks.
The BSE SP Sensex closed 164 points or 0.4 per cent higher at 37,145 while the Nifty 50 moved up by 57 points to 11,003. All sectoral indices at the National Stock Exchange (NSE) were in the green except for Nifty IT, which slipped by 0.7 per cent.
Nifty PSU bank gained 1.6 per cent, private bank by 0.9 per cent, auto by 0.8 per cent and financial service by 0.8 per cent.
Among stocks, Yes Bank gained by 4.3 per cent to close at Rs 63 per share while Kotak Mahindra Bank was up by 2 per cent. State Bank of India closed 1.4 per cent higher at Rs 277.90 per share. Bajaj Finserve and Bajaj Finance closed 1.7 and 1.6 per cent higher respectively.
Deewan Housing Finance Ltd rallied 5.2 per cent after DSP Mutual Fund said it has paid the entire pending amount. The mutual fund had exposure of Rs 150 crore to DHFL commercial papers.
Agro-chemical major UPL gained by 3.8 per cent while auto major Maruti was up by 2.7 per cent, LarsenToubro by 2.4 per cent, Bharti Airtel by 2.2 per cent and Titan by 1.7 per cent.
However, IT stocks were down with HCL Tech sliding by 1.4 per cent, Infosys by 1.2 per cent, Tech Mahindra by 1 per cent and Tata Consultancy Services by 0.6 per cent.
The other prominent losers were Eicher Motors, Bajaj Auto, Tata Steel, Indiabulls Housing Finance and Vedanta.
Meanwhile, Asian stocks moved up amid a cautious mood as investors hoped for stimulus to support growth in the world's major economies.
The MSCI's broadest index of Asia Pacific shares outside Japan added 0.1 per cent. The Shanghai Composite Index was up by 0.8 per cent, South Korea's KOSPI rose by 0.5 per cent and Japan's Nikkei was up by 0.5 per cent. (ANI)Get a daily dose of Milwaukee Sun 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 Milwaukee Sun.
More InformationTALLAHASSEE, Florida: Florida Governor Ron DeSantis' administration appears to be moving forward with plans to build a second immigration...
MIAMI, Florida: The Trump administration has doubled its bounty for the arrest of Venezuelan President Nicolás Maduro to US$50 million,...
NAGASAKI, Japan: Eighty years after the U.S. atomic bombing of Nagasaki, the southern Japanese city paused on August 9 to remember...
Israel has admitted bombing a tent housing journalists outside the entrance to al-Shifa Hospital in Gaza City, an attack that killed...
WASHINGTON, D.C.: The U.S. Air Force will no longer allow transgender service members with 15 to 18 years of service to retire early,...
TOKYO, Japan: On August 8, relentless downpours lashed Japan's southern island of Kyushu, triggering floods and landslides that drove...
DETROIT/SEOUL: General Motors and Hyundai Motor have announced plans to co-develop five new vehicles, aiming to cut costs and strengthen...
(Photo credit: Matt Marton-Imagn Images) Spencer Torkelson smacked a go-ahead solo home run in the ninth inning and Chris Paddack...
(Photo credit: Matt Marton-Imagn Images) Spencer Torkelson smacked a go-ahead solo home run in the ninth inning and Chris Paddack...
(Photo credit: Benny Sieu-Imagn Images) Brice Turang and Christian Yelich homered and Jose Quintana allowed one run over six innings...
(Photo credit: Benny Sieu-Imagn Images) Brice Turang and Christian Yelich homered and Jose Quintana allowed one run over six innings...
(Photo credit: David Gonzales-Imagn Images) Ameer Abdullah's stay on the San Francisco 49ers' active roster was brief as the veteran...