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.
BSE Sensex is trading at 72,099 points, down 389 points on Friday as domestic equities continued their losing spree amid escalation in Middle East tensions.
The BSE Sensex is up 42 points and trading at 72,986 points on Thursday. However, tensions in the Middle East and a hawkish stance by the US Fed are likely to weigh on the stock markets, say analysts.
BSE Sensex is down by more than 300 points on Tuesday as geopolitical factors continue to weigh on the markets.
This is for the first time ever that the market capitalisation of BSE-listed companies has gone past the coveted Rs 400 trillion mark.
The BSE Sensex traded at 39,917.74, higher by 78.49 points or 0.20 per cent from the previous close of 39,839.25 points.
The firms facing penalty are GKS Technology Park Pvt Ltd, Femina Stock Management, Sagar Constructions and SPFL Securities Ltd.
At the National Stock Exchange (NSE), the broader Nifty 50, which had closed at 11,847.55 points on Wednesday, was quoting at 11,873.15 points, up by 25.60 points or 0.22 per cent.
The state-run State Bank of India (SBI)-led consortium of lenders to Jet Airways said on Monday that it had decided to "seek resolution under the Insolvency and Bankruptcy Code (IBC) as only a conditional bid was received and requirement of the investor for SEBI exemptions and resolution of all creditors is possible under IBC"
Forex dealers said the selling of the American currency by exporters and gain in other Asian currencies also supported the rupee.
