ANI
07 Apr 2021, 10:48 GMT+10
Mumbai (Maharashtra) [India], April 7 (ANI): Equity benchmark indices gained marginally during early hours on Wednesday as the Reserve Bank of India kept key interest rates unchanged amid rising Covid-19 cases in the country.
Moreover, the International Monetary Fund (IMF) has projected India's GDP to grow at 12.5 per cent in FY22.
At 10:15 am, the BSE SP Sensex was up by 343 points or 0.7 per cent at 49,544 while the Nifty 50 edged higher by 94 points or 0.64 per cent to 14,778.
Except for Nifty IT, all sectoral indices at the National Stock Exchange were in the positive terrain with Nifty metal up by 1.3 per cent, PSU bank by 0.9 per cent and auto by 0.7 per cent.
Among stocks, Adani Ports was up by 2.9 per cent to Rs 859.95 per share. Index heavyweight Reliance Industries gained by 1.7 per cent to Rs 2,018 per unit.
The other prominent winners were Tata Steel, Hindalco, Bharti Airtel, IndianOil Corporationa nd Dr Reddy's.
However, those which lost were Tata Consultancy Services, Tech Mahindra, Wipro, Kotak Mahindra Bank, HDFC Bank and Cipla.
Meanwhile, a gauge of Asian shares climbed to three-week highs as investors eyed the upcoming earnings season for further signs of a global economic recovery.
Besides, the IMF raised its global growth forecast to 6 per cent this year from 5.5 per cent, reflecting a rapidly brightening outlook for the US economy.
MSCI's broadest index of Asia Pacific shares outside of Japan was up by 0.3 per cent for its second straight day of gains.
Japan's Nikkei was a shade higher while South Korea's Kospi added 0.5 per cent. (ANI)Get a daily dose of Israel Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Israel Herald.
More InformationBERLIN, Germany: German Lawmakers are debating whether to loosen the country's strict borrowing rules to fund military expansion. ...
The Voice of America may not live up to its ambitious name for much longer. Michael Abramowitz, the director of VOA, said in a Facebook...
WASHINGTON, DC - U.S. President Donald Trump has joined Israel's war on Yemen's Houthis, days after the group said it would resume...
LOMPOC, California: NASA launched a new telescope into space this week to study the origins of the universe and search for hidden water...
AUSTIN/SANTA FE: Texas/New Mexico have reported 28 new measles cases in the past five days, bringing the total to 256 since the outbreak...
WASHINGTON, D.C.: U.S. Transportation Secretary Sean Duffy announced that helicopters will be permanently banned from flying near Washington...
SANTA CLARA, California: Intel's stock soared nearly 15 percent this week following the announcement that former board member Lip-Bu...
DETROIT, Michigan: Volkswagen's decision to scale back production at its Chattanooga, Tennessee plant has sparked backlash from the...
STOCKHOLM, Sweden: Spotify set a new milestone in 2024, paying out US$10 billion in royalties—the highest annual payout to the music...
NEW DELHI, India: Jaguar Land Rover (JLR) has decided against manufacturing electric vehicles at Tata Motors' upcoming $1 billion factory...
LONDON, U.K.: Virgin Group is seeking to raise $900 million to fund its plan to launch cross-channel rail services, positioning itself...
SEATTLE, Washington: Boeing saw a significant increase in aircraft deliveries in February, reporting 44 planes delivered compared to...