Business

Sensex, Nifty edge higher ahead of Economic Survey

Mumbai: Equity benchmark indices edged higher during early hours on Thursday with government-owned banks showing gains as investors awaited the Economic Survey 2019 later during the day. At 10:00 am, the BSE S&P Sensex was up 109 points at 39,948 while the Nifty 50 gained 35 points to 11,952.

At the National Stock Exchange, sectoral indices were mixed. Nifty FMCG, IT, and metal were in the negative zone but auto, financial service and realty showed advances.

Among stocks, Indiabulls Housing Finance gained nearly 4 per cent while UPL was up over 2 per cent. Eicher Motors, Yes Bank and State Bank of India also gained between 1.2 to 1.7 per cent. However, Titan, HCL Tech, Sun Pharma, Bharti Infratel and Bajaj Auto showed losses.

Meanwhile, Asian stocks saw modest gains, tracking solid gains on Wall Street as data pointed to slowing economic growth in the United States. Investors hoped for interest rate cuts by the Federal Reserve as soon as this month. Shares in Japan, Australia and South Korea rose but China and Hong Kong shares were little changed due to uncertainty over US-China trade disputes.

News is information about current events. News is provided through many different media: word of mouth, printing, postal systems, broadcasting, electronic communication, and also on the testimony of observers and witnesses to events. It is also used as a platform to manufacture opinion for the population.

Contact Info

West Bengal

Eastern Regional Office
Indsamachar Digital Media
Siddha Gibson 1,
Gibson Lane, 1st floor, R. No. 114,
Kolkata – 700069.
West Bengal.

Office Address

251 B-Wing,First Floor,
Orchard Corporate Park, Royal Palms,
Arey Road, Goreagon East,
Mumbai – 400065.

Download Our Mobile App

IndSamachar Android App IndSamachar IOS App
To Top
WhatsApp WhatsApp us