Stocks in focus on September 18, 2020 Market 

Sensex tanks 626 points, Nifty slides below 11,400

New Delhi: Markets opened with deep cuts on Friday in tandem with global stocks. The BSE Sensex tanked 625.93 points or 1.61 percent to 38,365.01 in early trade while the NSE Nifty fell 173.05 points or 1.50 percent to 11,354.40. All the indices in the Sensex pack were trading in the red. Banking and financials took hard hit with ICICI Bank being the top loser, falling upto 3.07 percent. Others included SBI, IndusInd Bank, Kotak Bank, Axis Bank and Tata Steel, falling upto 3.03 percent. Asia`s stock markets had their…

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Sebi orders nearly Rs 40-crore recovery from two dozen defaulters

By Administrator_India Capital Sands The SEBI has ordered attachment of bank and demat accounts of two dozen defaulters in the matters of three companies — Mass Infra Realty, Skymarg Agro Industries India, and Life Care Real Developers — to recover dues totalling nearly Rs 40 crore. The defaulters are 11 directors of Mass Infra Realty, five directors of Skymarg Agro, Life Care and its seven directors, the regulator said in three separate notices. The decision has been taken after Mass Infra Realty and Skymarg Agro failed to comply with Sebi’s direction to refund…

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India Market 

Unlock 4.0: Delhi Metro receives nod to resume services from September 7

By Administrator_India Capital Sands The Ministry of Home Affairs (MHA) on August 29 gave the go-ahead for reopening of metro rail services with effect from September. The Metro rail will be allowed to operate with effect from September 7 in a graded manner, the Unlock 4 guidelines issued by the MHA said. Chief Minister Arvind Kejriwal tweeted that he was “glad” the metro services will resume operations in a phased manner. “As per the latest guidelines issued by the Ministry of Home Affairs under Unlock-4, the Delhi Metro will be…

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Stocks in focus on September 18, 2020 Market Nifty Sensex 

India stocks lower at close of trade; Nifty 50 down 0.76%

By Administrator_India Capital Sands India stocks were lower after the close on Wednesday, as losses in the Banking, Auto and Consumer Durables sectors led shares lower. At the close in NSE, the Nifty 50 lost 0.76%, while the BSE Sensex 30 index declined 1.01%. The best performers of the session on the Nifty 50 were UPL Ltd. , which rose 8.02% or 26.05 points to trade at 351.00 at the close. Meanwhile, Hindustan Unilever Ltd. added 5.39% or 126.55 points to end at 2473.00 and Britannia Industries Ltd. was up 5.24% or 141.75 points to 2847.90 in late trade. The worst…

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Europe Pushes Higher on Virus Hopes, Chinese Data Economic News International Market 

Europe Pushes Higher on Virus Hopes, Chinese Data

By Administrator_India Capital Sands European stock markets pushed mostly higher Tuesday, as traders returned from the Easter break hopeful the coronavirus outbreak may be peaking. At 3:35 AM ET (0735 GMT), the DAX in Germany rose 1.1%, France’s CAC 40 was up 0.5%, while the FTSE 100 in the U.K. underperformed, falling 0.1%. The broader based Stoxx 600 Europe index climbed 0.8%. The number of confirmed cases of the Covid-19 virus is rapidly approaching two million globally, but Italy – the worst hit country in Europe in terms of deaths – reported Monday its lowest number of new…

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