Latest News
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Cube Highways Trust Set to Acquire Seven Highway Assets Worth Rs 5,172 Crore -
1:10 Split, Rs 51 Dividend: Accumulate Tata Stock, TP Rs 170; Big Update On £1.25 Bn Investment -
Tech Mahindra Sets Three-Year Plan for Robust Growth and Market Leadership by FY27 -
Tech Mahindra Q4 Net Profit Falls 41%, Announces Growth Strategy -
3 Bonus, 1:2 Split, 38 Dividends: Rs 1,915 Midcap IT Stock To Pay 360% Dividend After Q4 Profit Rises -
EU Finds No New ETO Cases in Indian Organic Exports Post-Dec 2020 -
1:5 Stock Split Approved: Defence Stock To Be Cheaper Soon, Shares Zoom 507% In 1-Yr -
Edelweiss Alternatives Expands Portfolio with Bengaluru's MMTP Projects Acquisition -
1:2 Split, 1:1 Bonus, Rs 28/Sh Dividend: Mahindra's IT Stock To Pay 560% Dividend; Check Record, Payment Dates -
Kotak Mahindra Bank Takes Steps to Address RBI's IT Compliance Issues
Sensex Trades Higher As Hopes Of Coronavirus Vaccine Rise
Benchmark indices opened the day higher, after US markets surged 2 per cent, following hopes of a vaccine to prevent coronavirus infections.
Reports that a proposed vaccine trial by Moderna produced antibodies in all patients in an early trial, sent stock markets around the world higher. Dow Futures were once again pointing to higher openings, while most Asian markets were trading with gains of nearly 1 per cent.
Banking stocks, which have been hammered down over the last few trading sessions, saw some buying interest. ICICI Bank, Axis Bank and HDFC Bank were among the early gainers in trade.
The Sensex was trading with gains of 281 points, while the Nifty was up 94 points in trade.
Shares in Reliance Industries were up 1.2 per cent, ahead of its AGM scheduled later today. Markets are expecting some major announcements from the company. IT major Infosys too saw its shares price gain, ahead of quarterly numbers for the period ending June 30, 2020 to be declared later today.
Bharti Airtel shares were down, even after the company announced its partnership with USA's Verizon to offer videoconferencing solutions to businesses in India. Shares in Wipro surged 9 per cent, following quarterly numbers that beat expectations.
