Market Live: Sensex gains over 100 pts; TCS hits Rs 7 lakh cr in market cap. Asian markets were mixed after US President Donald Trump canceled a scheduled summit with Kim Jong Un.
Asian markets were mixed after US President Donald Trump canceled a scheduled summit with Kim Jong Un.
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Buzzing: Cox & King's share price rallied nearly 11 percent after non-banking finance company's license granted to its wholly owned subsidiary, Cox & Kings Financial Service Limited.
"Reserve Bank of India (RBI) has granted a Non-Banking Finance Company (NBFC) Licence to Cox & Kings Financial Service Limited, a wholly owned Subsidiary of the company," the company said.
Cox & Kings Financial Service Limited proposes to carry on the business of holiday financing, student loan financing, and other non-banking financial service activities and a foreign exchange business.
"Reserve Bank of India (RBI) has granted a Non-Banking Finance Company (NBFC) Licence to Cox & Kings Financial Service Limited, a wholly owned Subsidiary of the company," the company said.
Cox & Kings Financial Service Limited proposes to carry on the business of holiday financing, student loan financing, and other non-banking financial service activities and a foreign exchange business.
Market Update: Benchmark indices extended opening gains, with the Sensex rising 146.50 points to 34,809.61 and the Nifty gaining 41.50 points at 10,555.40.
About two shares advanced for every share rising on the BSE.
TCS became the most valued listed company in India, crossing the market cap of Rs 7 lakh crore.
Market Opening: Benchmark indices opened mildly higher on the last day of the week, backed by technology stocks.
The 30-share BSE Sensex rose 63.47 points to 34,726.58 and the 50-share NSE Nifty gained 16.10 points at 10,530.
GAIL, Infosys, TCS, Yes Bank, Asian Paints, IOC, Bajaj Finance, Indiabulls Housing, Hindalco, and HPCL are early gainers.
Vedanta, ITC, ONGC, Bharti Airtel, SBI, IndusInd Bank and Titan Company are under pressure.
Nifty Midcap gained 33 points.
Gujarat Alkali, United Spirits, United Breweries, Jet Airways, Cochin Shipyard and Sequent Scientific gained up to 10 percent.
Granules, Cummins, GSK Pharma and Pidilite Industries fell up to 5 percent.
Indian rupee opens higher at 68.28 per dollar
We expect the USD-INR to find supports at lower levels. Utilise downsides in the pair to initiate long positions, said ICICIdirect.
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About two shares advanced for every share rising on the BSE.
TCS became the most valued listed company in India, crossing the market cap of Rs 7 lakh crore.
Market Opening: Benchmark indices opened mildly higher on the last day of the week, backed by technology stocks.
The 30-share BSE Sensex rose 63.47 points to 34,726.58 and the 50-share NSE Nifty gained 16.10 points at 10,530.
GAIL, Infosys, TCS, Yes Bank, Asian Paints, IOC, Bajaj Finance, Indiabulls Housing, Hindalco, and HPCL are early gainers.
Vedanta, ITC, ONGC, Bharti Airtel, SBI, IndusInd Bank and Titan Company are under pressure.
Nifty Midcap gained 33 points.
Gujarat Alkali, United Spirits, United Breweries, Jet Airways, Cochin Shipyard and Sequent Scientific gained up to 10 percent.
Granules, Cummins, GSK Pharma and Pidilite Industries fell up to 5 percent.
Indian rupee opens higher at 68.28 per dollar
We expect the USD-INR to find supports at lower levels. Utilise downsides in the pair to initiate long positions, said ICICIdirect.
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The Indian rupee opened marginally higher by 6 paise at 68.28 per dollar on Friday versus 68.34 yesterday.
The near-month dollar-rupee May contract on the NSE was at 68.36 in the previous session. The May contract open interest increased 1.85% in the previous day.
We expect the USD-INR to find supports at lower levels. Utilise downsides in the pair to initiate long positions, said ICICIdirect.
The near-month dollar-rupee May contract on the NSE was at 68.36 in the previous session. The May contract open interest increased 1.85% in the previous day.
We expect the USD-INR to find supports at lower levels. Utilise downsides in the pair to initiate long positions, said ICICIdirect.
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