NEW DELHI: Equity indices completed with heavy features on Thursday with the benchmark BSE sensex emerging nearly 500 issues amid sturdy global cues following US Federal Reserve’s rate-cut hints.
Sensex soared 489 issues or 1.25 in line with cent to close at 39,602, whilst the broader NSE Nifty moved 140 issues or 1.20 in line with cent higher to settle at 11,832.
Top gainers on the BSE index include Yes Bank, IndusInd Bank, Sun Pharma, L&T, ICICI Bank, Bajaj Auto and Maruti with their shares emerging as much as 11.75 in line with cent. 27 out of 30 stocks completed in green.
On NSE, all sub-indices witnessed features with Nifty Pharma, PSU Bank and Nifty Auto emerging probably the most, up as much as three.06 in line with cent.
The US central bank on Wednesday left rates unchanged, opening the door to an rate of interest reduce soon, pronouncing uncertainties about the economic outlook are on the upward thrust and vowing to behave to stay the financial system growing.
“Rate cuts are all the time good for the market. Inflation is low and if we wish to have a balanced financial system, interest rates will have to fit the inflation,” Madhumita Ghosh, associate dean at Tasmac Global Solutions instructed news company Reuters.
Surprisingly, Jet Airways shares surged as much as 122.21 in line with cent on the NSE platform to Rs 73.55. The stock moved 93.35 in line with cent higher on BSE.
The State Bank of India (SBI)-led consortium of lenders to Jet mentioned on Monday that it had decided to "seek resolution under the Insolvency and Bankruptcy Code (IBC) as only a conditional bid was received and requirement of the investor for Sebi exemptions and resolution of all creditors is possible under IBC".
The National Company Law Tribunal (NCLT) is predicted to issue an order on whether or not the chapter case can be admitted or now not.
Apart from owing Rs eight,500 crore to public sector banks, Jet has a total legal responsibility of about Rs 25,000 crore, which contains dues of operational collectors. The airline suspended its entire operations on April 17.
Meanwhile, on a net foundation, overseas institutional buyers sold equity price Rs 97.05 crore, and domestic institutional buyers offloaded shares to the tune of Rs 104.91 crore, provisional data to be had with stock exchanges confirmed on Wednesday.
(With company inputs)
Sensex soared 489 issues or 1.25 in line with cent to close at 39,602, whilst the broader NSE Nifty moved 140 issues or 1.20 in line with cent higher to settle at 11,832.
Top gainers on the BSE index include Yes Bank, IndusInd Bank, Sun Pharma, L&T, ICICI Bank, Bajaj Auto and Maruti with their shares emerging as much as 11.75 in line with cent. 27 out of 30 stocks completed in green.
On NSE, all sub-indices witnessed features with Nifty Pharma, PSU Bank and Nifty Auto emerging probably the most, up as much as three.06 in line with cent.
The US central bank on Wednesday left rates unchanged, opening the door to an rate of interest reduce soon, pronouncing uncertainties about the economic outlook are on the upward thrust and vowing to behave to stay the financial system growing.
“Rate cuts are all the time good for the market. Inflation is low and if we wish to have a balanced financial system, interest rates will have to fit the inflation,” Madhumita Ghosh, associate dean at Tasmac Global Solutions instructed news company Reuters.
Surprisingly, Jet Airways shares surged as much as 122.21 in line with cent on the NSE platform to Rs 73.55. The stock moved 93.35 in line with cent higher on BSE.
The State Bank of India (SBI)-led consortium of lenders to Jet mentioned on Monday that it had decided to "seek resolution under the Insolvency and Bankruptcy Code (IBC) as only a conditional bid was received and requirement of the investor for Sebi exemptions and resolution of all creditors is possible under IBC".
The National Company Law Tribunal (NCLT) is predicted to issue an order on whether or not the chapter case can be admitted or now not.
Apart from owing Rs eight,500 crore to public sector banks, Jet has a total legal responsibility of about Rs 25,000 crore, which contains dues of operational collectors. The airline suspended its entire operations on April 17.
Meanwhile, on a net foundation, overseas institutional buyers sold equity price Rs 97.05 crore, and domestic institutional buyers offloaded shares to the tune of Rs 104.91 crore, provisional data to be had with stock exchanges confirmed on Wednesday.
(With company inputs)
Sensex ends 489 points higher; Jet Airways shares surge 122%
![Sensex ends 489 points higher; Jet Airways shares surge 122%]()
Reviewed by Kailash
on
June 20, 2019
Rating:
