Sensex up 718 points ahead of Diwali
In the first week of Diwali, there was tremendous growth in the country’s stock market. On Monday, the BSE Sensex jumped more than 718 points to 34,000 points. Meanwhile, the 30-share Sensex gained 718.09 points, or 2.15 percent, to 34,067.40 after the fall in the last week of better-than-expected results of companies and RBI’s move to raise cash.
NSE up 220 points;
In the initial trading session, the Sensex rose by 173.33 points, or 0.52 per cent, to 33,522.64. On the National Stock Exchange, the Nifty gained by 220.85 points or 2.20 per cent to 10,250 points. ICICI Bank up 11 percent in Sensex shares After that, the position of State Bank of India was 8.04% strong.
ICICI stocks steady
Country’s top bank of private sector ICICI Bank came in profit in the second quarter of this financial year, which strengthened its stock. In the first quarter, the bank had a net loss of Rs 119.55 crore. However, ICICI Bank’s integrated net profit on annual basis fell 42 percent to Rs 1,204.62 crore in the quarter ended September 2018.
Rising in Reliance Industries
Among the other Sensex gainers, Adani Portus, L & T, Axis Bank, Reliance Industries, Tata Steel and TCS were up 7.33 percent. On the other hand Indus Ind Bank, HDFC Bank, Kotak Bank and Bharti Airtel came down to 2.26 percent. Meanwhile, the rupee was stable at 73.43 against the dollar during the trading