- BSE SENSEX30,984.61+1.02%
- Nifty 509,132.65+1.03%
- USD/INR75.7160-0.3028%
- Dow24,465.16-0.04%
- Nasdaq9,324.59+0.43%
- BTC-INR674,268.06-0.25%
- CMC Crypto 200180.62-0.34%
- Hang Seng23,381.44+1.87%
- Nikkei21,308.76+2.73%
- EUR/INR82.7019-0.08%
- GBP/INR92.4763-0.09%
- AED/INR20.5710-0.30%
- INR/JPY1.4214+0.45%
- SGD/INR53.2740-0.11%
- ANI
Equity indices edge higher, metal stocks gain
Mumbai (Maharashtra) [India], May 26 (ANI): Equity benchmark indices ticked up during early hours on Tuesday in line with global markets and supported by optimism that major economies will start recovering with relaxation from the COVID-19 lockdown.
News18Sensex Rallies Over 400 Points in Opening Session; Nifty Tops 9,100
ITC was the top gainer in the Sensex pack, rallying over 4 per cent, followed by IndusInd Bank, HDFC Bank, Tata Steel, Titan, UltraTech Cement and L&T;.
GoodReturnsGold Price Rise Above Rs. 47,000 Per 10 Gm; Global Rates Steady
Gold prices in India after falling in the previous session have again gained momentum today (May 26, 2020) taking cues from global rates. On the MCX, June gold futures at 9:26 am were quoting higher by 0.26% or Rs. 124
GoodReturnsITC To Buy Sunrise Food, Stock Jumps 3%
Shares in ITC rallied, after the company said that it has entered into a Share Purchase Agreement (SPA) to acquire 100% of the equity share capital of Sunrise Foods Private Limited (SFPL), a company primarily engaged in the business of spices
GoodReturnsDubai To Remove Movement Restrictions, Allow Economic Activity From 27 May
Dubai will allow free movement and business activity from 27 May said Crown Prince Sheikh Hamdan bin Mohammed on Monday. There will be no restrictions on movement or business operations between 6 am to 11 pm, the Dubai Media Office said
ReutersGold ticks up on Sino-U.S. tensions over Hong Kong
Spot gold rose 0.2% to $1,732.38 per ounce by 0241 GMT. U.S. gold futures were down 0.1% to $1,733.50. "The key supportive factor for the (gold) market is rising tensions between China and the U.S.; and if we see a further escalation, we would see another move higher in gold," said ING analyst Warren Patterson.
- PTI
Sensex rallies over 400 pts in opening session; Nifty tops 9,100
Mumbai, May 26 (PTI) Equity benchmark Sensex rallied over 400 points in early trade on Tuesday led by gains in index-heavyweights HDFC twins, ITC and Reliance Industries amid positive cues from global markets.
GoodReturnsHDFC Shares Rally On Quarterly Numbers, Dividend
Shares in India's largest housing finance company, HDFC rallied 2 per cent in early trade, following its quarterly numbers. India's largest housing finance company, HDFC reported net profits that were largely in line with expectations. The firm reported a net profit
ReutersAir New Zealand sees annual underlying loss due to coronavirus
Air New Zealand Ltd said on Tuesday it would report an underlying loss in the financial year ending June 30 due to the coronavirus outbreak, but had slashed costs to the extent it had not yet needed to draw down a government loan. The airline has cut 30% of its staff, or 4,000 employees, and will ground its fleet of 16 Boeing Co 777 widebody planes until at least the end of December. "We are preparing for a scenario in which the airline is still 30% smaller than pre-COVID levels in two years' time," Chief Financial Officer Jeff McDowall said in a statement.
News18Boeing, a Century-old Symbol of American Might, Faces Uncertainty Due to Covid-19 Crisis
Boeing's supply chain consists of some 17,000 companies in the United States employing 2.5 million workers.
ReutersDaimler to invest in Chinese EV battery maker Farasis' $480 million IPO: sources
Daimler AG plans to invest in Farasis Energy's planned $480 million IPO, aiming to ensure a stable supply of batteries from the Chinese firm as it ramps up electric vehicle production, three people familiar with the matter said. The two firms struck a deal last year for Farasis to supply Daimler with lithium-ion battery cells and Farasis is building a factory in Germany. Daimler and Farasis declined to comment on the potential IPO investment.
ReutersBOJ's Kuroda says ready to do more for economy after emergency lifts
Bank of Japan Governor Haruhiko Kuroda said on Tuesday the central bank may take more steps to cushion the economic impact from the coronavirus pandemic, maintaining his gloomy outlook even as a state of emergency was lifted in the capital Tokyo. Kuroda, however, said it would be difficult for the BOJ to directly take on any losses financial institutions incur from loans that go sour as a result of the fallout from the pandemic. "Offering subsidies or debt waivers for financial institutions is something that's quite difficult for central banks to do," Kuroda told a semi-annual testimony to parliament.
GoodReturnsBharti Airtel Shares Fall 5% On Promoter’s Stake Sale Plan
Shares of Bharti Aitel in early trade on May 26, 2020 fell as much as 5.4% to day's low of Rs.561.1 per share on the BSE. This is after one of the company's promoter Bharti Telecom is seeking to pare
ReutersTencent applies to sell billions of dollars in bonds globally
Chinese tech giant Tencent Holdings plans to conduct an international offering of notes under a programme to certain professional investors, the company said in a statement late Monday. Tencent said it intends to use the proceeds for general corporate purposes. An Application has been made by the company for listing of programme within 12 months after May 25 by way of debt issues, Tencent added.
GoodReturnsNifty Trades Higher, Asian Stocks Surge Following Vaccine Hopes
Benchmark indices jumped in trade, as global markets surged after American biotech firm Novamax said it has started the first human study of its experimental coronavirus vaccine. The Japanese Nikkei was leading gainers in Asia, with the index up almost 2.25
FirstpostStock market today LIVE Updates: Markets open positive, Sensex above 31,000, Nifty opens above 9,150; ITC, HDFC Bank among top gainers
Stock market today LIVE Updates: Markets open positive, Sensex above 31,000, Nifty opens above 9,150; ITC, HDFC Bank among top gainers
ReutersExclusive: Cathay Pacific's brand merger hits roadblock from China's aviation regulator - sources
China's aviation regulator may make it difficult for Hong Kong's Cathay Pacific Airways Ltd to merge regional arm Cathay Dragon into its main brand because of infractions during last year's pro-democracy protests, two sources said. The airline is looking to cut costs, streamline marketing and consolidate pilot contracts around Cathay Pacific and low-cost arm HK Express, the sources said on condition of anonymity. Rival Singapore Airlines Ltd is doing the same with regional arm SilkAir and budget arm Scoot.
ReutersChina to strengthen policy, lower lending rates: PBOC governor
China will strengthen its economic policy and continue efforts to lower interest rates on loans, central bank Governor Yi Gang said, reinforcing expectations of further support measures to revive an economy ravaged by the coronavirus pandemic. Yi, in an interview published by the central bank on Tuesday, said China's economic fundamentals are unchanged despite many uncertainties and reiterated that its current stance on monetary policy will be more flexible.
AniStrict checking underway at Delhi-Ghaziabad border
Delhi-Ghaziabad Border, May 26 (ANI): Security beefed up at Delhi-Ghaziabad border on May 26 amid coronavirus pandemic. The district administration has issued orders on May 25 that the border would be sealed. The decision has been taken keeping in mind rising cases of COVID-19 outbreak. Police did routine checking and also checked passes and IDs of the commuters. Movement of essential service providers with passes is allowed.
ReutersIndia first quarter GDP growth likely to be weakest since 2012: Reuters poll
India's economy is likely to have expanded at its slowest pace in at least eight years in the January-March quarter, partly as a result of the coronavirus clampdown, a Reuters poll predicted. Asia's third-largest economy began slowing last year, but a countrywide lockdown implemented by Prime Minister Narendra Modi on March 25 halted economic activity completely. "Activity in January and February was strong, but the slowdown in March is likely to have largely offset those gains," Aayushi Chaudhary, an economist at HSBC in Mumbai, said.
ReutersRussia leapfrogs Saudi Arabia as China's top crude oil supplier in April
Russia overtook Saudi Arabia as China's top crude oil supplier in April, customs data showed, with imports rising 18% from the same month a year earlier as refiners snapped up cheap raw materials amid a price war between the two producers. Russian shipments reached 7.2 million tonnes last month, equivalent to 1.75 million barrels per day (bpd), according to data from the General Administration of Customs released on Tuesday. Supplies from Saudi Arabia fell to 1.26 million bpd, down from 1.53 million bpd in April 2019 and 1.7 million bpd in March.
GoodReturnsSEBI Allows Shares In Depository Account To Be Used As Margin Till 31 Aug
On Monday, SEBI (Securities and Exchange Board of India) said that shares in a depository that may be pledged or repledged can be used as margin for another three months till 31 August in the wake of coronavirus pandemic. The markets
ReutersGlobal Markets: Japan shares hit 10-week peak, S&P 500 tests 3,000
Asian shares forged ahead on Tuesday while U.S. stock futures challenged a major chart barrier as investors looked past Sino-U.S. trade tensions to more stimulus in China and a re-opening world economy. Japan's Nikkei <.N225> led the way with a rise of 2% to its highest since early March when the economic impact of the coronavirus was just becoming clear. MSCI's broadest index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> added 1.4%, while South Korea <.KS11> rose 1.1%.
ReutersOil prices rise on supply cut hopes, easing of coronavirus lockdowns
Oil prices climbed on Tuesday, boosted by increasing faith in the market that producers will to stick to commitments to cut crude supply while demand picks up with more cars back on the road as coronavirus lockdowns are eased around the world. Brent crude futures were up nearly 1.7%, or 59 cents to $36.12, adding to a 1.1% gain on Monday in thin holiday trading. "There's definitely a feeling those cuts have come through as well as you could expect," said Daniel Hynes, senior commodity strategist at Australia and New Zealand Banking Group.
News18India Looks to Store Cheap Oil in United States: Oil Minister Dharmendra Pradhan
Oil prices have dropped more than 40% so far in 2020 but have picked up in the past few weeks partly due to efforts by the OPEC Countries and allies to reduce supply.
