News Analysis India

Tag: markets

  • Markets bounce back in opening session after sharp fall in previous trade

    By PTI

    MUMBAI: Equity indices made a firm opening on Thursday after falling sharply in the previous trade, with BSE Sensex climbing 239 points amid mixed trends from global markets.

    The 30-share BSE Sensex was trading with a gain of 238.73 points at 52,061.26. The NSE Nifty went up by 78.1 points to 15,491.40.

    From the Sensex pack, Bharti Airtel, Wipro, Maruti, TCS, Larsen & Toubro and IndusInd Bank were the major gainers in early trade. On the other hand, Titan, Reliance Industries and Power Grid were the laggards.

    Elsewhere in Asia, markets in Tokyo and Seoul were trading lower, while Hong Kong and Shanghai were quoting in the green. The US markets ended marginally lower on Wednesday.

    “Boosting the sentiment would be a sharp fall in WTI crude oil prices. However, mounting concerns of rising US interest rates, rupee hitting fresh lows and unabated FII selling will continue to keep markets in a volatile mode,” said Prashanth Tapse, Vice President (Research), Mehta Equities Ltd.

    The 30-share BSE Sensex tanked 709.54 points or 1.35 per cent to settle at 51,822.53 on Wednesday. The NSE Nifty fell 225.50 points or 1.44 per cent to end at 15,413.30.

    Meanwhile, international oil benchmark Brent crude declined 2.25 per cent to USD 109.25 per barrel. Foreign institutional investors (FIIs) remained net sellers in the capital market, as they sold shares worth Rs 2,920.61 crore on Wednesday, as per exchange data.

  • MHA says ‘blatant violation’ of Covid norms in hill stations, markets; asks states to take action

    By PTI
    NEW DELHI: The Union Home Ministry Wednesday said blatant violations of COVID-19 norms have been observed in several parts of the country, including hill stations, and asked states and union territories to take action against officials responsible for ensuring compliance to laid down guidelines.

    In a letter to all states and UTs, Union Home Secretary Ajay Bhalla also said Covid-appreciate behaviour is not being adhered to in public transport and massive crowds are thronging marketplaces, violating social distancing norms.

    Bhalla emphasised the second wave of Covid is not yet over and everyone should remember there is no room for complacency and follow Covid-appropriate behaviour.

    He said that with the decline in the number of active cases, states and UTs have started reopening economic activities in a gradual manner but the process of relaxing restrictions should be carefully calibrated.

    “Blatant violations of COVID norms have been observed in several parts of the country, especially in public transport and at hill stations. Massive crowds are also thronging the market places, violating norms of social distancing,” he said.