ANI
08 Dec 2022, 18:25 GMT+10
Mumbai (Maharashtra) [India], December 8 (ANI): The domestic markets snapped their four-day losing run and ended with gains, picking up cues from the Monetary Policy Committee's decision to slow down the hike of repo rates.
BSE Sensex rose 160 points to 62,570.68 while NSE Nifty was up 48 points to 18,609.35 levels. For the most part of the session on Thursday, the markets were volatile as investors shy away from investing, owing to the tepid global markets and the anticipation of the voting count of the state assembly elections of Himachal Pradesh and Gujarat. In Gujarat, the Bharatiya Janata Party (BJP) has a stronger foothold to form a government whereas Congress emerged as a party with more wins after maintaining a cut-throat competition in the early hours of voting.
Axis Bank, IndusInd Bank, ICICI Bank and HDFC Bank were some of the top gainers in the 30-share index while Hindalco, Eicher Motors and IndusInd Bank were among the top active stocks in Nifty of NSE.
Shares of Sun Pharma went down 3.76 per cent to Rs 979.50 apiece on BSE as the company posted news of listing of 'import alert' on its Halol facility in Gujarat by United States Food and Drug Administration (USFDA).
The USFDA has excluded 14 products of the company from this Import Alert, subject to certain conditions.
The Nifty PSU Bank index's surge remained unabated as it advanced nearly 4 per cent on Thursday.
Among the constituents, Central Bank of India added 12.08 per cent, Punjab and Sind Bank gained 9.90 per cent and Bank of India jumped 7.92 per cent. The Nifty PSU Bank index is up 61 per cent over last one year compared to the 6.52 per cent surge in benchmark Nifty 50 index. In other indices, Nifty Private Bank index added 1.17 per cent and Nifty Bank index added 1.16 per cent on the day. (ANI)Get a daily dose of Breaking Property News news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Breaking Property News.
More InformationBATTLE CREEK, Michigan: In a major consolidation of iconic food brands, WK Kellogg has agreed to be acquired by the owner of Ferrero...
WASHINGTON, D.C.: Filmmaker Peter Jackson's lifelong fascination with the extinct giant New Zealand flightless bird called the moa...
NEW DELHI, India: India has submitted a revised proposal to the World Trade Organization (WTO) in Geneva to implement retaliatory tariffs...
SAN FRANCISCO, California: Nvidia, the Silicon Valley chipmaker at the heart of the artificial intelligence boom, this week briefly...
REDMOND, Washington: Artificial intelligence is transforming Microsoft's bottom line. The company saved over US$500 million last year...
WASHINGTON, D.C.: A federal rule designed to make it easier for Americans to cancel subscriptions has been blocked by a U.S. appeals...
Rash- The debt effect of the Big Beautiful Bill, by the numbers
Opinion - Is the weight immigrant children are asked to bear fair?
Brown- Rural health care provider strike puts pressure on Essentia
Assisted suicide was a blessing for my terminally ill brother (Letters)
A guide to help Colorado lawmakers keep their feet out of their mouths