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Home / Business / Sensex exceeds 38,500 for the first time, Future Retail up 6%

Sensex exceeds 38,500 for the first time, Future Retail up 6%



  Future Retail even gained 6.33% to Rp 552 per share after Amazon invested $ 700 million in the group.

Future Retail gained 6.33% to Rs 552 per share after Amazon invested $ 700 million in the group.

Sensex and Nifty benchmark indices hit new highs Today, Asian equity markets rose after being confirmed on Friday by Wall Street record highs after reassuring comments by the US Federal Reserve Governor. The stock markets in China rose today after the country's central bank changed its yuan management as much as 358 points to 38,61

0 today, while Nifty hit 11,660. The gains in Indian stock markets today were led by bank, FMCG and metal stocks.

The breadth of the market was also strong with BSE midcap and smallcap indices around 0.50 Among the bank stocks, Yes Bank, Kotak Mahindra Bank, SBI, Axis Bank and ICICI Bank rose between 1% and 2% ,

Future Retail even added 6.33% to Rs.552 per share to invest $ 700 million in the GR Outcome Future Consumer rose 5.44% to Rs. 46.50 per share, according to Economic Times reported that Google and Paytm Mall are likely to invest in the company.

Reliance Naval and Engineering Ltd fell 4.97% to Rs. 15.42 per share after Anil Ambani resigned as Director in accordance with the Companies Act and mandated the limitation of mandates to only 10 corporations.

LIC Housing Finance fell 6.77% to Rs 532.80 after announcing gains.

Sundaram Finance even advanced 8.32% after Q1 earnings rose to Rs. 140.72 billion.

MSCI's broadest index for Asia Pacific equities outside Japan rose 1.1%. The US and Mexican trade negotiators appear to have a common position with the North American Free Trade Agreement (NAFTA). Mexican Economy Minister Ildefonso Guajardo said on Sunday that the talks had "made progress". 19659003] In China, the Shanghai Composite Index rose 1.4% and the blue-chip CSI300 Index gained 1.9% after China's People's Bank resurrected an "anti-cyclical factor" late in Friday that became the focus of its daily trading volume the yuan to support it. The yuan hit a two-and-a-half-week high against the dollar on the early trading day on Monday, as the PBOC brought the daily midpoint above its expected level.

On Friday, the S & P500 Index and Nasdaq Combined Record, following comments by US Federal Reserve Chairman Jerome Powell, who said a gradual approach to raising interest rates was the most appropriate Protect the economy and employment growth. The gains cemented the S & P's longest standing bull market, as defined by some investors.

With agency information


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