ANI
29 Jul 2021, 10:48 GMT+10
Mumbai (Maharashtra) [India], July 29 (ANI): Equity benchmark indices were in the green zone during early hours on Thursday after three days of selloff as the global mood stabilised following reports that Chinese securities regulator has stepped in to assuage investor concerns over tech crackdown.
At 10:15 am, the BSE SP Sensex was up by 216 points or 0.41 per cent at 52,660 while the Nifty 50 moved up by 65 point or 0.43 per cent to 15,774.
Sectoral indices were mixed with Nifty metal surging by 1.7 per cent, IT by 1 per cent and realty by 0.5 per cent.
Among stocks, Tata Motors accelerated by 3.1 per cent to Rs 293.20 per share. Metal majors JSW Steel, Hindalco and Tata Steel were up by 2.2 per cent, 2.1 per cent and 1.5 per cent respectively.
HCL Technologies, Tech Mahindra, Tata Consultancy Services, HDFC Bank and Titan too traded with a positive bias. However, Maruti Suzuki lost by 2.8 per cent, Cipla by 1.1 per cent and Nestle India by 0.7 per cent.
Meanwhile, Asian shares stabilised as China's Securities and Regulatory Commission (CSRC) on Wednesday night held a meeting with executives of top global investment banks with an aim to calm financial markets nerves.
The online meeting followed a brutal sell-off in shares of Chinese companies this week after investors were spooked by Beijing's rules published over the weekend that ban for-profit tutoring in core school subjects.
Hong Kong's Hang Seng surged by 2.7 per cent while Japan's Nikkei gained 0.7 per cent on upbeat corporate earnings. South Korea stocks were flat as investors awaited next catalyst. (ANI)Get a daily dose of Asia Bulletin 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 Asia Bulletin.
More InformationSANTA FE: New Mexico: A New Mexico resident who died recently tested positive for measles, marking the state's first measles-related...
MANILA, Philippines - In a dramatic move, the International Criminal Court on Tuesday arrested the former president of the Philippines,...
BRUSSELS, Belgium: The United States has withdrawn from the board of a U.N. climate fund designed to help poor countries deal with...
NEW YORK CITY, New York - A student of Columbia University, arrested for protesting against the carnage inĀ Gaza, has been moved out...
LOS ANGELES, California: Los Angeles County, Pasadena, and other public agencies have sued Edison International and its subsidiary,...
WASHINGTON, D.C.: According to a report in the Wall Street Journal, former President Donald Trump is planning to sign an order to shut...
NEW YORK, New York - The freefall fn U.S. stocks continued Tuesday with all the major indices taking a hit durin g the bulk of the...
WASHINGTON, D.C.: The Trump administration announced this week that it will end collective bargaining rights for about 50,000 TSA officers...
BENTONVILLE, Arkansas: Walmart is pressuring some Chinese suppliers to cut prices in response to President Donald Trump's imposed U.S....
NEW DELHI, India: The United States is pressing India to lower tariffs and increase defense purchases to secure a stronger bilateral...
NEW YORK, New York - U.S. stocks plunged on Monday, joining a global rout which followed U.S. President Donald Trump not ruling out...
NEW YORK CITY, New York - The global foreign exchange market experienced notable shifts on Monday, influenced by escalating trade tensions...