Latest News
-
Rs 8.50/Share Dividend Recommended: Nestle India Reports 27% YoY Jump In Profit -
0.50% Dividend Yield: Midcap Cement Stock Slumps 10% Following Weak Q4 Results; Profit Down 48% YoY -
1:10 Split, Rs 147/Share Dividend: FMCG Major Likely To Report Profit Growth; Buy Or Sell? -
Mark Zuckerberg's Meta Reports Record Q1 Profit Surge, Projects AI Investments This Year; Stock Slumps -
Gold Prices India: 24K/100 Grams Yellow Metal Falls By Rs 3800, 24K/10 Grams Down By Rs 380 -
Rs 44,000 Crore M-Cap Lost, Stock Falls 10%, No More 4th Largest Bank; How RBI's Ban Rocked Kotak -
Mukesh Ambani Led JioCinema Slashes Premium Subscription Prices; IPL Live Stream Remains Free -
Strong Listing: Vodafone Idea FPO Soars In Debut, Shares Rebound; KM Birla Lauds Success -
JPMorgan CEO Jamie Dimon Hails PM Modi's Economic Reforms, Urges US to Follow Suit; Details -
Rs. 60/Share Dividend: Record Date On 28 June; Buy The Bajaj Group Stock For 600% Payout?
Sensex Surges 370 Points On Super Monsoon Forecast By IMD
Benchmark indices surged in trade, as a forecast by the Indian Meteorological Department (IMD) of above normal monsoons boosted sentiments.
The monsoon predictions came as a sigh of relief for the markets, after severe rural distress, following 2-years of drought like conditions across certain states.
Leading the set of gainers were stocks that are monsoon dependent. Hero Motors rallied on hopes that better than expected monsoon would boost demand for its 2-wheelers in rural areas.
Banking stocks led gainers in trade with ICICI Bank jumping nearly 3 per cent, while other notable winners were Bank of Baroda, Axis Bank and State Bank of India.Vedanta and Hindalco were the top gainers from the metal space.
Infosys was trading steady ahead of its results to be declared later on Friday. Wipro shares gained after reports that the company's board would consider buyback proposal on April 20
BPCL was the only Nifty stock that was trading in the red, following a rally in crude prices. Shares in ONGC and Oil India gained, following gains in crude prices.
Shares in Shilpa Medicare jumped as much as 11 per cent, after reports that the company has got good manufacturing practice certificate for 2 API units from PMDA-Japan.
Meanwhile, the rupee opened the day at 66.33 to the US dollar.
GoodReturns.in
