City
Epaper

Equities continue upward swing, PNB spurts 13 pc

By ANI | Updated: December 8, 2020 16:35 IST

Equity benchmark indices closed in the green zone on Tuesday after a volatile session despite mixed global cues amid rising coronavirus cases and US-China tensions.

Open in App

Equity benchmark indices closed in the green zone on Tuesday after a volatile session despite mixed global cues amid rising coronavirus cases and US-China tensions.

The BSE S&P Sensex closed 182 points or 0.4 per cent higher at 45,609 while the Nifty 50 gained by 37 points or 0.28 per cent at 13,393.

Sectoral indices at the National Stock Exchange were mixed with Nifty PSU bank jumping by 7.1 per cent.

Among stocks, Punjab National Bank surged ahead by 13.7 per cent to close at Rs 40.70 per share. But State Bank of India moved up only 0.8 per cent to wind up the day at Rs 271.95 per unit.

UltraTech Cement advanced by 3 per cent, Tata Consultancy Services by 2 per cent, Reliance Industries by 1.7 per cent, Wipro by 1.4 per cent, HCL Technologies by 0.9 per cent and Infosys by 0.8 per cent.

Jet Airways was locked in 5 per cent upper circuit after the consortium of UAE-based businessman Murari Lal Jalan and London's Kalrock Capital said it expects to start operating the airline by the summer of 2021.

However, those which lost were Hindalco, Sun Pharma, Coal India, IndusInd Bank and power utility major NTPC.

Meanwhile, Asian stocks came under pressure as investors struggled to balance hopes for more economic stimulus and vaccines with worries over a surge in COVID-19 infections.

Japan's Nikkei was down by 0.3 per cent as Prime Minister Yoshihide Suga unveiled a USD 708 billion in fresh economic stimulus measures, signalling his resolve to pull the country out of its coronavirus crisis-induced slump.

Hong Kong's Hang Seng was down by 0.76 per cent and South Korea's Kospi by 1.76 per cent.

( With inputs from ANI )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

InternationalTaiwan detects Chinese incursions around territory

InternationalVisit to Spain, UAE set to create over 14,000 jobs in state: MP CM Mohan Yadav

NationalMonsoon Session of Parliament begins today

OpinionsMaharashtra Vidhan Sabha Clash: Are they Workers Or a Gang Of Goons?

InternationalIndonesia: Passenger ferry fire in North Sulawesi kills at least 3

Business Realted Stories

BusinessPralhad Joshi eyes stricter steps to curb dark patterns in e-commerce

BusinessForeign railway traffic doubles in 2 years in South Korea in 2025 first half

BusinessTop S. Korean security adviser heads for US as tariff deadline nears

BusinessUIDAI plans to speed up children’s Aadhaar biometric update through schools

BusinessAviation Minister slams Western media for speculative reporting on Air India Boeing crash probe