ANI
17 Mar 2023, 00:55 GMT+10
Mumbai (Maharashtra) [India], March 16 (ANI): The domestic key indices went through a see-saw movement to settle in the positive territory on Thursday. The indices also snapped their five-day losing run and ended with gains.
The indices went through volatility tracking most of the global markets which strengthened after Swiss National Bank stepped in to take stock of the Credit Suisse's shares fall.
BSE Sensex, after a lot of volatility, went up 78 points to finally settle at 57,634.84 while NSE Nifty lost 13 points at 16,985.60 and ended below 17,000 level.
The top gainers on the Nifty 50 were BPCL, Hindustan Unilever Asian Paints, Nestle India and Titan while the losers were Hindalco, Tata Steel, IndusInd Bank, JSW Steel and HDFC Life.
Patanjali Foods shares touched a lower circuit on Thursday. It fell 5 per cent to Rs 912.90 after the company failed to increase its public shareholding from 19.18 per cent to 25 per cent within the stipulated time, following which NSE and BSE have frozen the shareholding of promoters and promoter group.
According to a statement, the promoters of Patanjali Foods said they do not foresee any adverse or negative impact on the financial position of the company owing to the instant freeze of promoters' shareholding by the stock exchanges.
The issue triggered by the bankrupt Silicon Valley Bank still loomed large as countries and financial institutions scrambled and went on a damage control to insulate from the debt fallout, threatening the startup scene.
Credit Suisse shares soared on Thursday after Switzerland's central bank stepped in to support the lender, triggering a rally in bank stocks across Europe on easing investor concern that the firm's troubles would trigger a global banking crisis.
In US markets, Dow Jones dropped 280 points, S and P lost 606 points, indices Nasdaq and NYSE were trading in the positive territory and SP 500 lost 27 points.
European markets advanced on Thursday as embattled lender Credit Suisse moved to shore up its liquidity position ahead of a European Central Bank policy-setting meeting. However, Asian stocks declined across the board in today's session. (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 InformationLONDON, England: As supply chain disruptions eased and output picked up in domestic and overseas markets, British car production rose ...
BERLIN, Germany: Reuters has reported that despite potentially higher interest rates, Germans are placing fewer deposits abroad, due to fears ...
WASHINGTON D.C.: The US and Japan have signed a trade memo on electric vehicle (EV) battery minerals.US Trade Representative Katherine ...
DUBLIN, Ireland: Bank of Ireland has announced that it has raised fixed mortgage rates following a cumulative 3.5 percent rate ...
CUPERTINO, California: In a move aimed at disrupting the fintech sector dominated by Affirm Holdings and Sweden's Klarna, this week ...
BURBANK, California: Walt Disney has begun its planned lay off of 7,000 staff, which was announced earlier this year.A letter ...
New Delhi [India], March 21 (ANI/India PR Distribution): Nova Formworks, a leading provider of formwork solutions for the construction industry, ...
Bengaluru (Karnataka) [India], March 14 (ANI/Hunk Golden and Media): B L Kashyap & Sons Ltd. (NSE: BLKASHYAP), one of the ...
This is a joint media release between the Australian Federal Police, Australian Taxation Office and Australian Securities and Investments Commission.A ...
NEW YORK, March 29 (Xinhua) -- Wall Street's major averages climbed on Wednesday, boosted by strong gains in tech names. ...
The Dodge Momentum Index rose 3.0% in January compared to the previous month, according to McGraw Hill Construction, a division ...
The Dodge Momentum Index increased by 0.9% in March to 144.4 (2000=100) from its revised February reading of 143.2. ...