Equity indices trade higher on Friday morning

ANI
04 Dec 2020, 15:03 GMT+10

Mumbai (Maharashtra) [India], December 4 (ANI): Equity benchmark indices traded higher during early hours on Friday as the Reserve Bank of India (RBI) prepared to announce its bi-monthly monetary policy later during the day.

However, a lot of market experts expected status quo in the latest monetary policy as inflation remains above the RBI's target.

At 10:15 am, the BSE SP Sensex was up by 279 points or 0.63 per cent at 44,912 while the Nifty 50 gained by 83 points or 0.63 per cent at 13,217.

Except for Nifty IT and pharma which dipped marginally, all sectoral indices at the National Stock Exchange were in the green.

Nifty metal was up by 1.6 per cent, auto by 1 per cent, private bank by 0.8 per cent and financial service by 0.7 per cent.

Among stocks, UltraTech Cement and Hindalco gained by nearly 5 per cent each to Rs 5,139.90 and Rs 253.30 per share. The other prominent winners were LT, ICICI Bank, GAIL, MahindraMahindra and Adani Ports.

However, those which lost were Asian Paints, Dr Reddy's, Sun Pharma, Bharat Petroleum Corporation and Reliance Industries.

Meanwhile, Asian shares scaled a record high on the growing prospect of a large US economic package. Hopes that vaccine rollouts will boost the global economy underpinned investor sentiment.

MSCI's broadest index of Asia Pacific shares outside Japan rose by 0.6 per cent while Japan's Nikkei dipped by 0.4 per cent on profit taking. South Korea's Kospi was up by 1.3 per cent. (ANI)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Central Asia Times.

More Information

11 ℃

Fair in Kabul

International

Section

Dozens dead as Taliban and Afghan security forces clashes escalate

KABUL, Afghanistan - Major violence has spread, and escalated across Afghanistan.Scores of national security forces and Taliban militants have been ...

Israel shuts out Palestinians from vaccine program

JERUSALEM - Israeli authorities should provide Covid-19 vaccines to the more than 4.5 million Palestinians in the occupied West Bank ...

Thousands of armed National Guard troops patrol U.S. capital

WASHINGTON, DC - Washington is locked down and U.S. law enforcement officials are geared up for pro-Trump marches in all ...

Trump administration makes major military strategic shift for Israel

WASHINGTON, DC - In a sign of the changing political environment in the Middle East, the United States military will ...

Execution on Saturday possible last Federal execution in United States

WASHINGTON, DC - Outgoing U.S. President Donald Trump's administration carried out its last federal execution when Dustin John Higgs, convicted ...

Undercover Chinese survey ship intercepted in Indonesian waters

A Chinese government survey ship was intercepted "running dark" without broadcasting its position via AIS (Automated Identification System) by Indonesian ...

Asia

Section