The short covering Sensex jumped 514 points to 59005

-


(Gujarat News Correspondent) MUMBAI: Global mega-real estate developer Evergrand reportedly went bankrupt yesterday, with Indian stock markets also eroding, followed by shortfall in IT-software services, led by metal-mining stocks. The chairman of EverGrande expressed confidence that the company would emerge from its crisis. With this the U.S. Funds rallied in metal-mining stocks ahead of a two-day meeting of the Federal Reserve, with estimates that stimulus tapping will not be immediate and expectations of a recovery in the global economy. Following these reports, the Sensex was up 216.5 points at 5,004.5 and the Nifty spot was up 19.10 points at 17 points.

Funds rebound: Sensex jumps 216 points

Trading started strong today. The Sensex opened at 20.05 against the previous close of 30.8, and the attraction of funds' finance-banking heavyweights from the outset rose to 202.31 at one point, ending at 313.5 points and closing at 2009.5.

Nifty spot jumped to 1200 level again

The Nifty spot on the NSE opened at 120.50 against the previous close of 12.50 and initially fell as a precautionary measure to 16.10.

Bank Nifty futures rise from 200 to 215

Nifty-based funds in derivatives were down today with short covering. The Nifty September futures opened at 14 points against 16.5, fell to 14.50 and reached 13.5 at 13.05. Bank Nifty opened at 200 against the September Future 6.5, rose to a low of 202.5 and reached a high of 715.70 at the end.

IT index rises 202 points: Nelco, L&T rise

The BSE IT index jumped 206.15 points to close at 313.8 on the back of KP-Big Bull's sharp rise in IT-software services stocks. MindTree jumped Rs 2.50 to Rs 30, Nelco jumped Rs 2.50 to Rs 21.5, L&T Infotech rose Rs 150.50 to Rs 4.5, L&T Technology rose Rs 16.50. Infosys rose by Rs 4.5 to Rs 1,412.50, TCS by Rs 21.50 to Rs 4.5, Wipro by Rs 4.5 to Rs 2.50.

China's Evergrande reassures metal stocks to rebound

Funds rallied today with short covering in metal-mining stocks, with a recovery in global markets, including China, as Chinese sinking realty company Evergrande assured itself of coming out of the crisis. The BSE Metal Index rose by 200.5 points to close at 12.5. JSW Steel rose by Rs 2.50 to Rs 2.50, Sail by Rs 4.5 to Rs 111.5, Tata Steel by Rs 4.5 to Rs 15, Hindalco by Rs 4.5 to Rs 21. 06 were living.

Investors' asset-market capitalization rises by Rs 1.50 lakh crore to Rs 4.5 lakh crore

The accumulated market capitalization of companies listed on the BSE-investors' wealth rose by Rs 1.50 lakh crore to Rs 4.5 lakh crore in a single day today as funds rose sharply in stocks.

Comments

Post a Comment

Popular posts from this blog

Due to the ban, employment and economic activity declined by two to three percent

-
Image
New delhi date. October 7, 2019, Monday A new study has found that employment and economic activity have declined by two to three percent due to the ban. A similar situation has been observed in bank lending. The study found the decline to occur within two months of the notation announced on November 7. This is the first research on demineralization in which data on the effects of districts across India were collected. In addition to the districts, the effect of national level was also studied. Previous studies only examined the national level effect of demonitization. Thus, a full estimate of the overall effect is not known. As a result of the shortage of cash arising out of the blockade, the country's economic activity fell by approximately 8 percent in November-December 2 In the October-December period, bank credit has seen an impact of around two per cent. Cash pulls have impacted demand for a short period. The study found that there was a strong link between money and pro
Read more

Information about soymilk and casein products

-
Image
- Industrial guidance - Dhiru Parekh Soymilk: Soybeans are converted to high-quality protein. So that high quality drinks can be made which can be easily digested. There is no difference between soymilk and cow's milk. So the conservative industries of milk processing are now using this milk to make yogurt and ice cream. Consumers also cannot tell the difference between ice cream made from cow's milk and from soy milk. Also, the production capacity of soy milk can be increased than that of cow's milk. And the price can be cheaper. Soybeans mainly contain two types of enzymes that are inactivated in the soymilk process. Leukoxidase that catalyzes the oxidation of fatty acids. And enzymes like pepsin, trypepsin are included in it. Which helps in digesting protein. Soyamilk powder manufacturing process: This is an electric pre-heater system. which basically allows fluid to flow easily in a stationless tube under low-voltages. which absorbs the energy flowing through the Ja
Read more

The brokerage firm objected to SEBI's new proposal regarding Algo Trading

-
Image
MUMBAI: Brokerage firms and fintech companies have objected to market regulator SEBI's discussion paper considering all stock trading orders issued through Application Programming Interface (API) as separate trading, saying it could adversely affect the growth of such trading from India. Algo trading is considered to be an automatic buying-selling system based on algorithms. SEBI has recently said in a discussion paper that it would create a framework for regulating Algo trading by retail investors. A senior official of a brokerage firm said that monitoring of Algo trading is a need of the hour, but such an attempt could hamper the growth of Sebi Algo trading. He added that if the suggestions made in the SEBI discussion paper were implemented, it would be difficult for brokers to make the API available. About 70% of the daily trading volume in Indian stock markets is transacted through advanced forms of algo trading. Algo Trading came to India in the year 2006, but then only se
Read more