ANI
17 Mar 2023, 10:25 GMT+10
Mumbai (Maharashtra) [India], March 17 (ANI): The domestic equity market continued to make gains, tracking global cues which are strengthening after the recent drop in values of shares of Credit Suisse and bankruptcy of Silicon Valley Bank.
BSE Sensex gained 419 points to 58,054.12 and NSE's Nifty went up 107 points to cross 17000 level to 17,093.35. Adani Green, Mirzaint, KPI Tech and NHPC were among the top gainers on BSE on Friday morning. ZEEL, BengalAssam Company, Jindal Stainless and Gujarat Pipavav Port were among the laggards on BSE. Indices BSE IT and BSE Telecom gained on Friday morning.
In Asian markets, Hong Kong's Hang Seng went up 320 points, Japan's Nikkei surged 183 points, China's Shanghai rose 45 points and SandP ASX surged 24 points on Friday morning.
In US markets, Dow Jones surged 371 points, SP500 gained 68 points and NYSE Composite went up 168 points.
In European markets, BEL 20, CAC 40, Deutsche Borse were trading in the positive territory, FTSE 100 went up 65 points and Amsterdam Exchange was also trading in the green when Asian markets opened on Friday morning.
Most of the key Indices of global markets were on an upward trend as on Friday morning after the trigger of jitters to investors from Silicon Valley Bank and the recent decline in value of shares of Credit Suisse. The US government assured the SVB fallout had been taken care of while the Swiss central bank took stock of the situation by pumping more money into the lender.
The domestic key indices went through a see-saw movement to settle in positive territory on Thursday. The indices also snapped their five-day losing run and ended with gains.
The indices went through volatility tracking most of the global markets which strengthened after Swiss National Bank stepped in to take stock of Credit Suisse's shares fall.
BSE Sensex on Thursday went up 78 points to finally settle at 57,634.84 while NSE Nifty lost 13 points at 16,985.60.
Investors will be watching the country's forex reserves as the Reserve Bank of India will come out with the weekly update today.
On Friday, shares of Patanjali Foods went down 2.80 per cent to Rs 919 apiece in morning trade. According to a statement released on Thursday, the promoters of Patanjali Foods said they do not foresee any adverse or negative impact on the financial position of the company owing to the instant freeze of promoters' shareholding by the stock exchanges. (ANI)Get a daily dose of Japan Herald 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 Japan Herald.
More InformationMANILA, Philippines - In a dramatic move, the International Criminal Court on Tuesday arrested the former president of the Philippines,...
BENTONVILLE, Arkansas: Walmart is pressuring some Chinese suppliers to cut prices in response to President Donald Trump's imposed U.S....
BEIJING, China: China has set an economic growth target of around five percent for 2025, signaling efforts to stabilize the economy...
BATHURST, NSW, Central West, Australia - A manĀ who has been disqualified from holding a driver's license for the next ninety-two years...
(Photo credit: Doug Engle/Florida Times-Union / USA TODAY NETWORK via Imagn Images) PONTE VEDRA BEACH, Fla. -- Former U.S. Open champion...
Mumbai (Maharashtra) [India], March 13 (ANI): Moviegoers in India have something exciting to look forward to as the classic film 'The...
NEW YORK, New York - The knee-jerk introduction of trade tariffs by President Donald Trump continues to rattle markets with all the...
FRANKFURT, Germany: Ford announced this week that it will inject up to $4.8 billion into its struggling German unit to stabilize its...
SEATTLE, Washington: Boeing has revamped its employee incentive plan, tying annual bonuses for more than 100,000 workers to overall...
WINNIPEG, Manitoba: Farmers in the U.S. and Canada are bracing for soaring fertilizer prices as trade tensions escalate between the...
NEW YORK, New York - A slightly lower-than-expected CPI reading for February helped U.S. stocks to stabilize after some relentless...
NEW YORK CITY, New York: New York's office market is showing signs of a comeback as major investors, including Blackstone, scout for...