Join us as we follow the top business news through the day.
10:00 AM
Sensex, Nifty start on cautious note amid tepid global cues
A slow start to the day for stocks.
PTI reports: “Domestic equity benchmarks Sensex and Nifty turned cautious in early trade on Thursday amid lack of directional cues from global markets.
After opening 150.33 points higher, the BSE Sensex pared most gains to trade 12.69 points or 0.03 per cent higher at 39,098.72; while the NSE Nifty was up 13.80 points or 0.12 per cent at 11,548.80.
M&M was the top gainer in the Sensex pack, rising around 2 per cent, followed by Maruti, TCS, L&T, Titan, Bajaj Auto and Sun Pharma.
On the other hand, Bajaj Finance, ICICI Bank, IndusInd Bank and PowerGrid were among the laggards.
In the previous session, Sensex settled 185.23 points or 0.48 per cent higher at 39,086.03, while Nifty climbed 64.75 points or 0.56 per cent to close at 11,535.
Exchange data showed that foreign institutional investors bought equities worth Rs 990.57 crore on a net basis on Wednesday.
According to traders, domestic equities turned choppy amid lack of directional cues from global markets.
Concerns of India-China border tensions too weighed on investor sentiment, they said.
Bourses in Shanghai and Hong Kong were in the red in mid-day deals, while Tokyo and Seoul was trading with gains.
Stock exchanges on Wall Street ended significantly higher in overnight session.
Global oil benchmark Brent crude was trading 0.09 per cent higher at USD 44.47 per barrel.”
9:30 AM
FM to meet heads of banks, NBFCs
Finance Minister Nirmala Sitharaman will hold a review meeting with heads of banks and NBFCs on Thursday for the smooth and speedy implementation of the one-time debt recast for resolution of COVID-19-related stress in bank loans.
The Reserve Bank of India (RBI) last month permitted a one-time restructuring of both corporate and retail loans without getting classified as a non-performing asset (NPA).
