Forex Market News Today
  • Home
  • News
  • LiveHourly
  • Markets
  • Stock
  • Business
  • Economy
  • World
  • Politics
  • Energy
  • exchange
  • companies
No Result
View All Result
Forex Market News Today
Home Live

Today’s top business news: Shares bounce back, RBI Governor says India’s economi…

2 months ago
in Live
2 min read
Today’s top business news: Shares bounce back, RBI Governor says India’s economi…
Share on FacebookShare on Twitter


The benchmark stock indices have bounced back with gains this morning after yesterday’s sharp fall.

Join us as we follow the top business news through the day.

4:30 PM

Recovery after Covid-19 crisis faster than one after 2008 crisis

4:00 PM

Sensex rallies 432 pts on F&O expiry; financial stocks shine

A strong comeback for stocks after yesterday’s fall.

PTI reports: “Equity benchmark Sensex rallied 432 points on Thursday, tracking gains in banking and financial stocks as the November series derivatives expired amid largely positive cues from global markets.

After a volatile session, the 30-share BSE index ended 431.64 points or 0.98 per cent higher at 44,259.74.

Similarly, the broader NSE Nifty surged 128.60 points or 1 per cent to 12,987.

Tata Steel was the top gainer in the Sensex pack, rising around 5 per cent, followed by Bajaj Finance, Bajaj Auto, HDFC, HCL Tech and Titan.

On the other hand, Maruti, ONGC, IndusInd Bank and Tech Mahindra were among the laggards.

Domestic equities witnessed sharp recovery led by sharp rebound in banking, financial services and insurance (BFSI) stocks and metals.

BFSIs continued to be a key driving force for the market, said Binod Modi, Head- Strategy at Reliance Securities.

“Improved prospects of earnings recovery in the backdrop of improvement in collection efficiencies, better outlook for credit costs and possibility of reversal of provisions due to resolution of select large accounts along with better valuations attracted investors in BFSIs,” he noted.

Heavy buying sentiment was also seen as November derivative contracts expired, traders said.

Elsewhere in Asia, bourses in Shanghai, Tokyo, Hong Kong and Seoul ended with significant gains.

Stock exchanges in Europe, however, began of a tepid note.

Meanwhile, Brent crude futures, the global oil benchmark, was trading 1.32 per cent higher at USD 47.89 per barrel.”

3:30 PM

Capital account convertibility will continue to be a process, rather than an event: RBI Guv

The RBI Governor on a long-pending reform.

PTI reports: “India will continue to approach capital account convertibility as a process rather an event , Reserve Bank of India (RBI) Governor Shaktikanta Das said on Thursday.

The central bank chief said the capital account is convertible to a great extent at present and enumerated the specifics on both inward and outward flows which are allowed.

It can be noted that capital account convertibility is a very sensitive subject as it deals with liberalisation of capital transactions into and out of a country. India, which started opening up on this front with the reforms of the early 1990s, is partially convertible right now with caps and other restrictions.

Capital account convertibility will continue to be approached as a process rather than an event, taking cognisance of prevalent macroeconomic conditions, Das said, speaking at an event organised by the Foreign Exchange Dealers’ Association of India (FEDAI).

He added that a long-term vision with short- and…



Go to the news source: Today’s top business news: Shares bounce back, RBI Governor says India’s economi…

Tags: bounceBusinesscoronaviruseconomigoldgovernorIndiaslockdownNewsNiftyOilRBISensexsharesTodaystop
Previous Post

Low-income U.S. households are spending savings quicker than high earners: study

Next Post

Christmas shopping season is different for retailers

Related Posts

In One Chart: Brazil, Nigeria and 34 other better places to live than U.S. durin…
Live

NewsWatch: Salesforce earnings live up to Benioff’s $20-billion goal, so now it’…

by Forex News
February 25, 2021
0

Posted by: Market Watch in Market News 2 mins ago Salesforce.com Inc. easily topped $20 billion for the first...

Read more
CIO Leadership: Leveraging Advanced Technologies to Drive Business Success Will …
Live

CIO Leadership: Leveraging Advanced Technologies to Drive Business Success Will …

by Forex News
February 25, 2021
0

Speakers and attendees in this interactive event will also explore the role of business technology executives in developing new...

Read more
Konexial Launches My20 LogiCam Ai – Providing Drivers and Fleets with Live Supp…
Live

Konexial Launches My20 LogiCam Ai – Providing Drivers and Fleets with Live Supp…

by Forex News
February 25, 2021
0

Partnership with HD Fleet powers My20 LogiCam Ai dashcam technology My20 LogiCam Ai™ My20 LogiCam Ai™ KNOXVILLE, Tenn., Feb....

Read more
Comprehending Forex Trading Signals | Live Bitcoin News
Live

Comprehending Forex Trading Signals | Live Bitcoin News

by Forex News
February 25, 2021
0

One of the most successful financial markets to boast of a high volume of daily trading is the Forex...

Read more
Powell teaches markets to live in peace with higher yields, GDP and other US dat…
Live

Powell teaches markets to live in peace with higher yields, GDP and other US dat…

by Forex News
February 25, 2021
0

Here is what you need to know on Thursday, February 25: Stock markets are back to "risk-on" after Fed...

Read more
Gray Television, Grand Ole Opry and Circle Network Partner on Opry’s Live Sat., …
Live

Gray Television, Grand Ole Opry and Circle Network Partner on Opry’s Live Sat., …

by Forex News
February 24, 2021
0

Atlanta, Feb. 24, 2021 (GLOBE NEWSWIRE) — Gray Television, Inc. (NYSE: GTN), The Grand Ole Opry and Circle Network...

Read more
Bank of England policy makers testify at the Treasury Select Committee By Invest…
Live

Bank of England policy makers testify at the Treasury Select Committee By Invest…

by Forex News
February 24, 2021
0

© Reuters Bank of England policy makers Andrew Bailey, Ben Broadbent, Jonathan Haskel and Gertjan Vlieghe testify in front...

Read more
sensex today: Stock Market LIVE Updates: Sensex gains 300 points, Nifty tops 14,…
Live

sensex today: Stock Market LIVE Updates: Sensex gains 300 points, Nifty tops 14,…

by Forex News
February 24, 2021
0

!1 New UpdateClick here for latest updatesHDFC twins, RIL, ICICI Bank top boosts for SensexTCS biggest drag8 stocks that...

Read more
Market LIVE: Nifty reclaims 14,750, Sensex trades flat, markets marginally highe…
Live

Market LIVE: Nifty reclaims 14,750, Sensex trades flat, markets marginally highe…

by Forex News
February 24, 2021
0

Market LIVE: Nifty reclaims 14,750, Sensex trades flat, markets marginally higher; Tata Consumer jumps over 2% The Financial Express...

Read more
Nasdaq 100 Suffers Breakdown as Dow Jones Treads Water
Live

Nasdaq 100 Suffers Breakdown as Dow Jones Treads Water

by Forex News
February 24, 2021
0

Nasdaq 100 & Dow Jones Price Outlook:Nasdaq 100 Suffers Breakdown as Dow Jones Treads Water - Stock Market ForecastThe...

Read more
Next Post
Christmas shopping season is different for retailers

Christmas shopping season is different for retailers

Subscribe
Login
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments

Latest Forex News

Key Things To Watch Out For If You Are After Exchange Income Corporation’s (TSE:…

Key Things To Watch Out For If You Are After Exchange Income Corporation’s (TSE:…

3 months ago
Cuomo Suspends Indoor Dining in N.Y.C. Again

Cuomo Suspends Indoor Dining in N.Y.C. Again

3 months ago
Do These 3 Checks Before Buying Exchange Income Corporation (TSE:EIF) For Its Up…

The Trends At Exchange Income (TSE:EIF) That You Should Know About

3 months ago
US dollar sinks under Fed’s pledge to keep rates low during coronavirus swoon

US dollar sinks under Fed’s pledge to keep rates low during coronavirus swoon

2 months ago

Today Market News

McConnell says he’d back Trump as 2024 GOP nominee
Politics

McConnell says he’d back Trump as 2024 GOP nominee

February 26, 2021
Will yield surge get out of control? This is Fed’s next move – Danielle DiMartin…
Economy

Will yield surge get out of control? This is Fed’s next move – Danielle DiMartin…

February 26, 2021
Live Stock Market Updates: S&P 500 Falls as Tech Stocks Drop and Bond Yields Ris…
Stock

Live Stock Market Updates: S&P 500 Falls as Tech Stocks Drop and Bond Yields Ris…

February 26, 2021
Fracking banned in Delaware River Basin
Energy

Fracking banned in Delaware River Basin

February 26, 2021
The Top 10 Forex Coaches To Follow in 2020
exchange

Exchange Income Corporation Announces November 2020 Dividend

February 26, 2021
Rocket Companies: 4Q Earnings Snapshot
companies

Rocket Companies: 4Q Earnings Snapshot

February 26, 2021
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA
  • CCPA

© 2020 Siteofforex.com

No Result
View All Result
  • Home
  • News
  • Live
  • Markets
  • Stock
  • Business
  • Economy
  • World
  • Politics
  • Energy
  • exchange
  • companies

© 2020 Siteofforex.com

wpDiscuz