Positive Start for Sensex as Nifty Remains Above 19,500 Mark

Positive Start for Sensex as Nifty Remains Above 19,500 Mark

VoM News Desk | October 5, 2023 | 11:26 AM IST | Breaking News | Follow on Google News

Positive Start for Sensex as Nifty Remains Above 19,500 Mark

Positive Start for Sensex as Nifty Remains Above 19,500 Mark

On Thursday, the benchmark Sensex opened with a gain of over 550 points, driven by positive global cues. Meanwhile, Nifty comfortably held above the 19,500 level. The banking, IT, and realty sectors led the gains, while FMCG, metals, and PSU banks faced some pressure.

Rupee Opens Slightly Higher

The Indian rupee opened slightly higher at 83.21 per dollar, indicating some strength in the currency market.

Asian Markets Rebound

Asian markets posted modest gains on Thursday, bouncing back from previous losses, buoyed by a strong lead from Wall Street.

Crude Oil Prices Stabilize

Crude oil prices stabilized after a sharp one-day decline, as concerns about reduced demand and global economic slowdown eased.

Bajaj Finance’s Billion Dollar Fundraising Plan

In the financial year 2022-23, India’s largest non-banking financial company, Bajaj Finance, disbursed 29.6 million loans, the highest ever and representing a 20% growth over the previous year.

PNB’s Q2 Business Update

Punjab National Bank (PNB) recorded a 9.7% YoY surge in total deposits during the September quarter, reaching ₹13.1 trillion compared to ₹11.9 trillion in the previous year. The bank’s current account savings account (CASA) grew by 2.6%.

Nazara Technologies Acquires Game Marketing Agency

Nazara Technologies saw its shares rise over 6% as its subsidiary, Nodwin, acquired the game marketing agency PublishME.

NewJaisa Technologies Lists at 51% Premium

NewJaisa Technologies made its debut on the NSE SME platform, listing at a 51% premium at ₹71 per share.

Marico’s September Quarter Update

Consumer goods manufacturer Marico reported a slight dip in second-quarter revenue due to rising food prices and below-normal rainfall affecting rural demand.

All Sectors in Green

All sectors in the stock market were trading in the green, with banks, IT, and realty leading the charts in terms of gains.

VoM News Desk

VoM News is an online web portal in jammu Kashmir offers regional, National & global news.