Sensex jumps over 150 points in early trade; Nifty tests 14,650
PTI
Mumbai |
Updated on
Surge in Covid-19 cases dents investor sentiments, while nod to MNC vaccines, no complete lockdown in Maharashtra, Delhi supports equities
Equity benchmark Sensex advanced over 150 points in early trade on Friday, tracking gains in index majors HDFC twins, Asian Paints and HCL Tech amid largely positive cues from global markets.
The 30-share BSE index was trading 160.43 points or 0.33 per cent higher at 48,964.11.
Similarly, the broader NSE Nifty rose 63.35 points or 0.43 per cent to 14,644.80.
UltraTech Cement was the top gainer in the Sensex pack, rising over 2 per cent, followed by Asian Paints, HCL Tech, HDFC, Tech Mahindra and M&M.
Equity gauges on upswing, Wipro top gainer
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Equity gauges on upswing, Wipro top gainer
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Vedanta signs MoU for reuse of bauxite residue
April 12, 2021
To maximise value-extraction from the residue for further usage downstream
Vedanta, one of the largest producers of aluminium and its value-added products, has signed a memorandum of understanding for value-creation from bauxite residue (red mud), which is a by-product generated during processing of bauxite into alumina.
Bauxite is the primary ore for producing aluminium. It undergoes an intermediate refining stage to produce alumina and then through electrolysis aluminium is produced. About three tonnes of bauxite produces one tonne of alumina and about two tonnes of alumina gives one tonne of aluminium.
Bond markets continue their rally after RBI announced bond purchase programme Yields of the benchmark 10-year security closed at 6.03 per cent on Thursday, lower by 5 basis points from Wednesday
Bond markets continued their rally on Thursday buoyed by the announcement of the Reserve Bank of India s bond purchase programme from the secondary market the Government Securities Acquisition Programme 1.0 (G-SAP).
Yields of the benchmark 10-year security closed at 6.03 per cent on Thursday, lower by 5 basis points from Wednesday. Analysts do not rule out the possibility of the benchmark yield falling below 6 per cent.
The RBI has said it will purchase Rs 1 lakh crore in the present quarter, but the market expects it will purchase the same amounts in the other three quarters. Bond yields and their prices are inversely related.