Stock market bounces back; banks, metals shine
Sensex was up 599.34 points, or 0.83 per cent at 73,088.33, while the Nifty was up 151.20 points or 0.69 per cent at 22,147.
Sensex was up 599.34 points, or 0.83 per cent at 73,088.33, while the Nifty was up 151.20 points or 0.69 per cent at 22,147.
The development came amid escalating tensions in the Middle East and a substantial surge in the US bond yields.
With the announcement of Q4 results on Thursday, Infosys has declared a final dividend of Rs 20 and a special dividend of Rs 8, i.e. a total dividend of Rs 28 to its shareholders.
The price of Brent crude had fallen to around $87 per barrel on Wednesday following higher US inventories and the decline in Chinese demand due to a slowing economy.
IT services management company Happiest Minds Technologies on Friday said it is acquiring Macmillan Learning India which will become a wholly-owned subsidiary of the company.
Services by the Central government, state government, Union Territory or local authority are exempt from GST but this rule has a few exceptions, including services provided to business entities.
Petrol and diesel prices witnessed a hike for the fifth consecutive day across the country on Sunday.
According to Gaurav Garg, Head of Research at CapitalVia Global Research: "The Indian Benchmarks started on a positive note amid mixed global cues. Traders will be taking encouragement with Niti Aayog's statement that Indian economy is expected to grow 10.5 per cent in the current fiscal."
"As crude oil prices rise internationally, the petroleum ministry has called on the energy ministries of many countries such as Saudi Arabia, Kuwait, UAE, Russia and others," the source said.
The agency cited steady progress in vaccination and expected improvement in consumption-driven pent-up demand among the key reasons for retaining the 10 percent growth mark.
