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India’s Sensex Gains as Central Bank Signals More Easing Ahead

October 9, 2020

(Bloomberg) — Indian stocks rose after the central bank signaled more policy easing ahead and announced a slew of liquidity steps to support the economy while keeping rates unchanged on Friday.

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A pedestrian walks past an electronic ticker board indicating latest figures for the S&P BSE Sensex at the Bombay Stock Exchange (BSE) building in Mumbai, India, on Monday, May 20, 2019. Indian stocks rallied the most in more than three years and the rupee and sovereign bonds climbed after exit polls signaled Prime Minister Narendra Modi’s ruling coalition is poised to retain power.

The S&P BSE Sensex climbed 0.6% to 40,434.50 as of 10:55 a.m. in Mumbai, while the NSE Nifty 50 Index advanced 0.5%. Both measures are set for their best week since early June and close to erasing year-to-date losses.

“An accommodative stance remains positive for sentiment,” said Kranthi Bathini, an investment adviser at WealthMills

Sensex, Nifty rise on gains in Reliance, Titan; TCS buyback plan awaited

October 7, 2020

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A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, February 1, 2020. REUTERS/Francis Mascarenhas/Files

BENGALURU (Reuters) – Indian shares rose on Wednesday as Reliance Industries gained after securing a $750 million investment in its retail arm and Titan Company rose after flagging a strong recovery at its jewellery division in the second quarter.

The NSE Nifty 50 index .NSEI rose 0.53% to 11,724.35 as of 0436 GMT, while the S&P BSE Sensex .BSESN was up 0.68% to 39,837.65.

Shares of Reliance Industries RELI.NS rose as much as 4.5% to 2,309 rupees after it said on Tuesday Abu Dhabi Investment Authority would invest 55.13 billion Indian rupees in its retail arm.

Titan Company TITN.NS said its jewellery division saw a quarterly recovery rate of 98% while it continued to sell excess gold in its inventory, sending its shares up to their highest in

Sensex, Nifty flat as gains in pharma, Reliance offset losses in banks

September 30, 2020

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BENGALURU (Reuters) – Indian shares were mostly muted on Wednesday as a weakness in banking shares was offset by gains in pharmaceuticals and heavyweight Reliance Industries after an investment deal by General Atlantic in the conglomerate’s retail arm.

FILE PHOTO: The Bombay Stock Exchange (BSE) building is seen in Mumbai, India, January 31, 2020. REUTERS/Francis Mascarenhas/File photo

By 0448 GMT, The broader NSE Nifty 50 index was down 0.02% at 11,225 and the S&P BSE Sensex was mostly unchanged at 37,941.30.

The Nifty bank index fell 1% and the public sector bank index slid 1.2%.

“The banking sector will be under pressure till some clarity emerges from the Supreme Court (on the loan moratorium case),” said Saurabh Jain, assistant vice president at SMC Global Securities Ltd.

“Wherever there is optimism and managements are confident (in sectors like IT and pharma), investors are not worried about putting more money and the