ANI
21 May 2020, 16:33 GMT+10
Mumbai (Maharashtra) [India], May 21 (ANI): The final hour of trading on bourses erased some intraday gains on Thursday but benchmark indices managed to close in the green led by gains in auto and FMCG stocks.
The BSE SP Sensex closed 114 points or 0.37 per cent higher at 30,933 while the Nifty 50 edged higher by 40 points or 0.44 per cent at 9,106.
Sectoral indices at the National Stock Exchange were mixed with Nifty auto up by 2.6 per cent, FMCG by 2.2 per cent and metal by 1.8 per cent.
Aviation stocks gained after the government announced that domestic airline operations will resume on May 25, two months after all flights were halted amid the COVID-19 crisis and countrywide lockdown.
InterGlobe Aviation, the parent company of IndiGo, closed 7.28 per cent higher at Rs 978.25 per share while SpiceJet surged 4.88 per cent to Rs 42.95 per unit.
FMCG major ITC moved up by 7 per cent while Hero MotoCorp accelerated by 4 per cent, Maruti by 3 per cent, Bajaj Auto by 2.7 per cent and Eicher Motors by 2.6 per cent.
However, Bajaj Finserv and Bajaj Finance dropped by 3.6 per cent and 2.9 per cent on poor Q4 results. NTPC, IndusInd Bank and Adani Ports too traded with a negative bias.
Meanwhile, Asian shares dithered despite global equities and crude prices rallying overnight on hopes of a rapid economic recovery and government support.
Equities got a boost this week as governments around the world gradually loosened their coronavirus lockdown restrictions, raising investor hopes that the economic impact of the pandemic will be short-lived.
South Korea's Kospi was up by 0.44 per cent but Japan's Nikkei fell by 0.21 per cent and Hong Kong's Hang Seng slipped by 0.49 per cent. (ANI)Get a daily dose of Manufacturing Mirror news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Manufacturing Mirror.
More InformationThe billionaire has vowed to give freedom back to the people and accused the US elites of bankrupting the nation ...
Patna (Bihar) [India], July 5 (ANI): Jan Suraaj Party founder Prashant Kishor on Saturday raised concerns over the rising crime incidents...
Patna (Bihar) [India], July 5 (ANI): BJP leader Ravishankar Prasad on Saturday said he was 'saddened' over the murder of businessman...
Patna (Bihar) [India], July 5 (ANI): Rashtriya Janata Dal (RJD) leader Tejashwi Yadav on Saturday met the family of businessman Gopal...
Patna (Bihar) [India], July 5 (ANI): Union Minister of State for Home Affairs Nityanand Rai has hit back at opposition parties in Bihar...
Patna (Bihar) [India], June 5 (ANI): Following the murder of prominent businessman Gopal Khemka, Bihar Director General of Police (DGP)...
FRANKLIN, Tennessee: Hundreds of thousands of Nissan and Infiniti vehicles are being recalled across the United States due to a potential...
WASHINGTON, D.C.: President Donald Trump says the United States could soon reach a trade deal with India. He believes this deal would...
WASHINGTON, DC - U.S. President Donald Trump on Tuesday claimed Elon Musk's success has been built on government subsidies. Without...
(Photo credit: Patrick Gorski-Imagn Images) Yohel Pozo hit a pinch three-run homer to lift the visiting St. Louis Cardinals past...
(Photo credit: Kamil Krzaczynski-Imagn Images) The Chicago Cubs set a franchise record by bashing eight home runs in a single game...
(Photo credit: Jayne Kamin-Oncea-Imagn Images) The Los Angeles Dodgers had a full night Wednesday, watching Clayton Kershaw record...