Indian markets on Wednesday logged fresh highs after Finance Minister Nirmala Sitharaman hinted more boosters for the pivotal real estate sector.
Sensex hit fresh life time high of 40,606.91 while the Nifty surpassed the key 12,000 mark for the first time since June.
Hinting at a big boost to the realty sector, Finance Minister Nirmala Sitharaman on Tuesday had said that the government and the Reserve Bank of India (RBI) are in the process of resolving the issues faced by the real estate sector.
The benchmark Sensex closed at 40,469.78, higher by 221.55 points while the broader Nifty ended 43.80 points up at 11,961.
"Market clocked a new high based on commitment from the FM to speed up reforms in the near future. Realty & financials outperformed in expectation of new measures while metal stocks gained owing to easing global trade war," said Vinod Nair, Head of Research, Geojit Financial Services Ltd.
Nair added that better results from index heavyweights kept expectation high for earnings growth, influencing investors to stay in the market".
ICICI Bank, HDFC, IndusInd Bank gained the most on Wednesday.
Credit card data of 17K ICICI Bank users exposed; bank blocks cards, assures compensation
After credit card data of at least 17,000 new ICICI Bank customers was exposed and reached "wrong users", the bank said on Thursday that it has blocked these cards and is issuing new ones to the customers.
NDA rule has shown superior numbers on GDP growth, inflation, unemployment compared to UPA
The NDA rule of the last 10 years has shown superior numbers on GDP growth, inflation, CAD (Current Account Deficits), unemployment and FDI ex of pandemic year compared to the UPA regime, broking firm Prabhudas Lilladher said.
RBI crackdown triggers crash in Kotak Bank shares
The RBI had, on Wednesday evening, barred Kotak Mahindra Bank, with immediate effect, from taking on new customers and issuing fresh credit cards.
Kotak Bank promoter donated electoral bonds worth Rs 60 cr, but RBI cracks down on lender to protect customers
Infina Finance, one of the promoter group entities of Kotak Mahindra Bank which was barred by the RBI on Wednesday from onboarding new customers, had donated electoral bonds worth Rs 60 crore to the BJP.
RBI lists 6 factors powering India’s take-off to become world’s 3rd largest economy
While India’s recent growth performance has surprised many, triggering a flurry of upgrades from financial institutions such as the IMF, the RBI bulletin released on Tuesday cites six factors that will propel the country to become the world’s third-largest economy.
Sensex gains more than 300 points
BSE Sensex gained more than 300 points on Monday as geopolitical tensions eased and crude oil prices declined.
Congress in Tripura blocks rail stations to protest police fired-killing of 5 farmers in MP
The firing on Tuesday came during raucous protests to demand better crop prices in the drought-ravaged region that saw one farmer suicide every five hours in the past two years.
DMs, SPs of violence-hit MP districts transferred
The farmers agitation entered its eighth day on Thursday. The peasants have been on strike since June 1, demanding loan waiver and fair price for their produce.