Thursday , April 15 2021

Sensex falls over 200 points, banking stocks drag – Livemint, Livemint.com

Indian markets reversed early gains to end lower as some banking stocks fell sharply after the Supreme Court asked telecom companies to clear their dues to the government by March 17. The Sensex ended 252 points lower at 823 , 823 while the Nifty settled 0.5% lower at 23, 252 )

The Supreme Court today ordered telecom companies to clear dues, sticking to its October decision. Shares of Vodafone Idea, which owes the government about 90, 06 crore, slumped % following the ruling.

The decision also weighed on the stocks of select banking and financial companies.

The Nifty banking index fell 1.3% today with Indusind Bank, RBL Bank and IDFC First falling over 3% each.

Among the Sensex stocks, HUL, ONGC, HDFC Bank, ITC, Hero MotoCorp and SBI fell between 1% and 2% today.

Earlier in the day, Indian shares opened higher after China’s health officials said the daily death toll from the coronavirus epidemic in Hubei halved and the number of new cases dropped from a record posted the day before.

                                 

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Sensex jumps over 800 points amid hopes of more stimulus measures; Nifty above 8,950 – Times of India, The Times of India

Sensex jumps over 800 points amid hopes of more stimulus measures; Nifty above 8,950 – Times of India, The Times of India

NEW DELHI: Equity indices surged on Thursday with the benchmark BSE sensex rising over 800 points amid hopes that the Centre may announce more measures to boost the economy shaken by coronavirus. Sensex jumped 836 points or 2.80 per cent to 30,730; while the broader NSE Nifty moved 234 points or 2.68 per cent up…

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