Closing bell: Sensex soars 205 pts, Nifty ends above 10,050; SBI rises 4.5%


15:30 Market closure: The market has increased sharply sharply, with the Sensex increased by 205.06 points and 514.94 32 Nifty increased by 62.60 points 10,077.10, with shares of banks, oil, breach and technology.

However, market amplitude was negative for approximately 1,442 stocks declined versus 1264 stocks advanced on BSE.

Indian state bank rose 4.5% after the bank has cut the deposit savings rate.

15:27 Infibeam chimney: the stock rose 8 percent after Snapdeal calls Flipkart the merger to continue its independent path.

Modify 15:25 in the market: Equity contacts were opened in the afternoon trading, the Sensex increased by 211.58 points and 521.46 32 Nifty rose 66, 55 points and 10 081.05 despite a weak market .

14:45 buzz: iron ore producer NMDC and Vedanta Shares have gained 4.5 percent intraday after the rally on long-term iron ore contracts.

Iron ore futures in China have continued to move upwards. Stock futures contracts reached a top 8 percent and trade in a new four-month high.

Incorporated in 1958, NMDC State participated in the exploration of a wide range of minerals including iron ore, copper, phosphate, lime stone, dolomite, gypsum, bentonite, magnesite, diamond sands, tin, tungsten, graphite, To the beach, etc.

NMDC is the largest iron ore producer in India, which currently produces iron ore from its three fully mechanized mines in Chhattisgarh and two in Karnataka state.

Vedanta is India’s largest privately owned iron ore producer, including iron ore operations in Goa, Karnataka and Liberia.

14:26 The analyst’s decision to reduce the savings rate by OSE Jimeet Modi, CEO of SAMCO Valores, said that the OSE, unlike its private sector peers, offering simple savings accounts for public sector customers with costs And is highly dependent on the interest income of this floating arrangement.

2:20 pm Market Update: BSE Sensex 30 shares rose 144.83 points 32 454.71 and the NSE Nifty 50 shares rose 38.05 points to 10 052.55.

The market amplitude was negative for approximately 1,314 stocks declined against stocks 1278 advanced on BSE.

14:02 Interview: 60 percent of non-microfinance book institutions (IMF) increased 36 percent in the first quarter, according to PN Vasudevan, MD and CEO, Equitas Small Banking Finance.

He also said gross non-productive book (NPA) assets other than MFIs remained stable at 4.5 to 4.6%.

On the front of the farm loans, he said that MFI loans are not part of the agricultural loan exemption announced in Maharashtra.

Speaking of expansion, he said that the expansion of the industry has led to an increase in operating costs. However, a significant expansion of the branch of approximately 12 to 18 months is not expected, he added.

He said that loan rates on new products are lower.

Better return on assets (ROA) is expected due to a healthy profile of new products. Equitas has made additional provisions in the first quarter of Rs 23 crore.

13:42 buzz: Shriram Transport Finance Q1 rose 20% over last year to Rs 448.7 crore Rs 374.1 crore.

Total revenues increased by 7.9 percent to Rs 2,898.4 crore compared to Rs 2,686.7 crore compared to the previous year.

At 13:42, IST, the quoted value at Rs 999.55, or Rs 29.85, or 3.08% on BSE.

1:22 p.m. Profits: Shree Cement’s first quarter earnings fell 13.3 percent to R440.1 crore compared to Rs 507.7 crore earlier this year, despite a lower tax rate. Weak operating performance has affected profitability, but revenue yield.

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