Business News | Equity Indices on Firm Ground, IT Stocks Gain
Get latest articles and stories on Business at LatestLY. Equity benchmark indices traded firm during early hours on Monday with gains seen in Asian markets on hopes that US President Donald Trump could be discharged from hospital later in the day after responding well to COVID-19 treatment.
Mumbai (Maharashtra) [India], October 5 (ANI): Equity benchmark indices traded firm during early hours on Monday with gains seen in Asian markets on hopes that US President Donald Trump could be discharged from hospital later in the day after responding well to COVID-19 treatment.
At 10:15 am, the BSE S&P Sensex was up by 424 points or 1.09 per cent at 39,121 while the Nifty 50 gained by 120 points or 1.06 per cent at 11,537.
Also Read | CBI Raids DK Shivakumar’s And His Brother DK Suresh’s Properties in Alleged Corruption Case.
Except for Nifty auto, all sectoral indices at the National Stock Exchange were in the green with Nifty IT moving up by 3 per cent, private bank by 2.3 per cent and metal by 2.1 per cent.
Among stocks, Wipro jumped by 5.5 per cent to Rs 330.25 per share, Tata Consultancy Services by 4.2 per cent, Infosys by 3 per cent, HCL Technologies by 2.1 per cent and Tech Mahindra by 1.6 per cent.
Also Read | Guy Pearce Birthday: 5 Movies Of The Actor That Redefined Drama.
The other prominent gainers were Tata Steel, JSW Steel, IndusInd Bank, ICICI Bank and Axis Bank. However, Mahindra & Mahindra, GAIL, ONGC, Asian Paints, Cipla and Bharti Airtel traded with a negative bias.
Meanwhile, Asian stocks rose following hopes that US President Donald Trump could be discharged from hospital later in the day, easing some of the political uncertainty that shook global bourses in the previous session.
Trump was flown to a hospital for treatment for the coronavirus on Friday but his doctors say he has responded well and could return to the White House on Monday.
MSCI's broadest index of Asia Pacific shares outside Japan rose by 0.63 per cent while Japan's Nikkei rose by 1.39 per cent. China's financial markets were closed for a public holiday. (ANI)
(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)