MARKETS News:
Asian markets track US gains.
Sensex up on cues: New IPOs in offing.
Global markets particularly Asian shares traded higher in the early deals on Monday tracking gains in the Wall Street. Bank Nifty went up over 300 points , Sensex 200 points and Nifty 80 points. The U S elections is getting heated up, having an impact on the markets sooner.
Singapore’s SGX Nifty added 0.16%.
China’s SSE Composite Index was up 0.17%.
Hong Kong’s Hand Seng gained 1.5%.
South Korea’s KOSPI advanced nearly 1%
Australia’s ASX200 was nearly unchanged.
Benchmark indices resumed their ascent on Friday after a day’s breather as investors flocked to banking and power stocks amid a rebound in global markets.
After rallying 359 points during the day, the 30-share BSE Sensex ended 214.33 points or 0.56% higher at 38,434.72.
Similarly, the NSE Nifty rose 59.40 points or 0.53% to close at 11,371.60.
NTPC was the top performer in the Sensex pack, rallying 4.75%, followed by Asian Paints, PowerGrid, HDFC Bank, Nestle India, Sun Pharma, SBI and Axis Bank.
Indian stocks traded higher on Monday in the pre-opening session. At 9:00 am, Sensex was at 38,563.19, up 128.47 points or 0.33%, while Nifty added 17.35 points or 0.15% at 11,388. Indian benchmark share indices opened higher on Monday tracking gains in global peers. Sensex opened at 38,566.96, up 132.24 points or 0.34%, while Nifty advanced 40.40 points or 0.36% to 11,412.
NTPC, rising nearly 2%, was the top Sensex gainer initially but came down, followed by Kotak Bank, HDFC Bank, SBI, ICICI Bank and HDFC Ltd. Bharti Airtel, HCL Tech, TechM and Infosys were among the laggards on the other hand. Of 30 Sensex shares, 20 were green at open.
IPO: Angel Broking is planning to launch its Rs 600 Cr offer(which was planned in July 2020). Now plans to launch after the Covid ’19 impact is over- any time in October 2020. SEBI has imposed a fine of Rs 32 Lakhs on Angel Broking for code of conduct violation.
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