Business

Stock Markets Recover As April’s GST Revenues Set A Record

Stock markets rebounded on Thursday, with the Sensex finishing up 128 points after record GST collections in April, upbeat industrial statistics, and foreign capital inflows boosted investor morale.

The 30-share BSE Sensex soared 128.33 points or 0.17 percent to 74,611.11. During the day, it climbed 329.65 points or 0.44 percent to 74,812.43.

The NSE Nifty advanced 43.35 points or 0.19 percent to 22,648.20.

RECL, Cholamandalam Invest, Power Finance Corp, Trent, BPCL, Bosch, Power Grid Corp, Zydus, Asian Paints, Dabur India, and Vadanta were the top gainers.

Among the laggards were Kotak Mahindra Bank, PNB, Pidilite Industries, GAIL (India), Tata Consumer, Bharti Airtel, Axis Bank, and HDFC Life Insurance.

In Asian markets, Hong Kong, and Malaysia concluded in the green, while Tokyo, South Korea, Shanghai, and Taiwan ended in the red.

European stocks were trading on a mixed note.

US markets concluded on a mixed note on Wednesday.

Brent crude gained 1.02 percent to USD 83.88 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) bought securities worth Rs 1,071.93 crore on Tuesday.

On Wednesday, Domestic equity markets were closed to commemorate Maharashtra Day.

On Tuesday, the Sensex sank 188.50 points or 0.25 percent to 74,482.78, while the NSE Nifty lost 38.55 points or 0.17 percent to 22,604.85.

Also read: Iran Sanctions US, UK Officials, Entities For Supporting Israel

Spriha Rai

Recent Posts

Gujarat: Five Pilgrims Killed, 17 Injured As Bus Falls Into Gorge

Five people were killed and 17 others injured when a private luxury bus carrying pilgrims…

2 hours ago

US President Trump Dismisses Biden-Appointed Rohit Chopra, Consumer Protection Head

US President Donald Trump terminated Biden-appointee Rohit Chopra, the head of the Consumer Financial Protection…

2 hours ago

Kejriwal Writes To Election Commission Over Alleged Attacks On AAP Workers

Arvind Kejriwal has written to the Chief Election Officer (CEO) of Delhi, expressing concern over…

4 hours ago

Sri Sri Ravi Shankar Meets CM Yogi Adityanath At Mahakumbhnagar

Sri Sri Ravi Shankar, met Uttar Pradesh Chief Minister Yogi Adityanath on Saturday at Mahakumbhnagar,…

4 hours ago

President Murmu Extends Warm Wishes On Basant Panchami And Saraswati Puja

President Droupadi Murmu extended her warm greetings to the nation on the occasion of Basant…

4 hours ago

Bharat Express Celebrates 2nd Anniversary: CMD Upendrra Rai Addresses Newsroom

Bharat Express News Network is celebrating the second anniversary of its launch today. On this…

16 hours ago