11:11 IST: UltraTech Cement, followed by Tech Mahindra, ITC, M&M, Maruti, HUL, Infosys, Asian Paints, IndusInd Bank, Dr Reddy’s, HCL Tech and TCS were among the top losers today. On the other hand, Bharti Airtel, Bajaj Finance, Bajaj Auto, RIL, NTPC and SBI were among the gainers.
Market update
Market indices reversed trend and fell by half a percent on Friday, amid weak global equities. Sensex was falling by 245 points to 49,335 and Nifty traded 57 points lower at 14,538.
11:06 IST: Market indices reversed trend and fell by half a percent on Friday, amid weak global equities. Sensex was falling by 245 points to 49,335 and Nifty traded 57 points lower at 14,538.
Joe Biden announces $1.9 trillion plan to stem Covid-19, steady economy
US President-elect Joe Biden is unveiling a $1.9 trillion coronavirus plan to turn the tide on the pandemic, speeding up the vaccine roll-out and providing financial help to individuals, states and local governments and businesses struggling with the prolonged economic fallout.
Called the “American Rescue Plan,” the legislative proposal would meet Biden’s goal of administering 100 million vaccines by the 100th day of his administration, while advancing his objective of reopening most schools by the spring. On a parallel track, it would deliver another round of aid to stabilise the economy while the public health effort seeks the upper hand on the pandemic, said aides who described the plan ahead of a speech by Biden on Thursday evening.
Joe Biden announces $1.9 trillion plan to stem Covid-19, steady economy
11:03 IST: US President-elect Joe Biden is unveiling a $1.9 trillion coronavirus plan to turn the tide on the pandemic, speeding up the vaccine roll-out and providing financial help to individuals, states and local governments and businesses struggling with the prolonged economic fallout.
Called the “American Rescue Plan,” the legislative proposal would meet Biden’s goal of administering 100 million vaccines by the 100th day of his administration, while advancing his objective of reopening most schools by the spring. On a parallel track, it would deliver another round of aid to stabilise the economy while the public health effort seeks the upper hand on the pandemic, said aides who described the plan ahead of a speech by Biden on Thursday evening.
Joe Biden announces $1.9 trillion plan to stem Covid-19, steady economy
Global markets today
Overseas, Asian stocks were mixed on Friday as investors regionally reacted to the release of U.S. President-elect Joe Biden’s $1.9 trillion coronavirus rescue package.
In US, stocks fell slightly on Thursday, with tech shares declining, as traders awaited the unveiling of a potentially big economic stimulus package. Investors kept an eye on Federal Reserve Chair Jerome Powell, who said the U.S. central bank is not raising interest rates anytime soon.
Meanwhile, U.S. President Donald Trump’s…
Go to the news source: Sensex falls over 200 points, Nifty at 14,535; HCL Tech, TCS, M&M top losers
