Stock markets snap 9-day fall, Sensex gains 228 points

Fri, 28 Feb 2025

Stock markets snap 9-day fall, Sensex gains 228 points

ANI
14 May 2019, 18:57 GMT+10

Stock markets snap 9-day fall, Sensex gains 228 points

Mumbai (Maharashtra) [India], May 14 (ANI): Indian equity markets snapped a nine-day fall on Tuesday and closed in the green after erasing morning losses as European stocks opened higher.

Besides, low retail inflation in April at 2.92 per cent brought hopes of a key interest rate cut in June. Except IT, all sectoral indices closed in the positive zone.

The SP BSE Sensex was up 228 points to close at 37,319 while the Nifty 50 gained 74 points to wind up at 11,222.

Indiabulls Housing Finance was the top outperformer, gaining nearly 6.5 per cent to close at Rs 701.85.

Bharti Airtel too gained over 6 per cent and closed at Rs 338 after announcement of scrapping its low-valued post-paid plans to improve its average revenue per user (ARPU) and boost profitability.

But shares of Jet Airways fell 7.4 per cent to close at Rs 129.10 each after the company's chief financial officer resigned with immediate effect citing personal reasons.

Most IT stocks were in the red. Tech Mahindra, Tata Consultancy Services, HCL Tech and Wipro lost between 1.4 and 3 per cent.

Meanwhile, European shares bounced in early trading after US President Donald Trump said that he was optimistic about resolving the trade dispute with China.

Asian shares were mixed as China said it would impose higher tariffs on 60 billion dollars of US goods following Washington's decision last week to hike its levies on 200 billion dollars of Chinese imports. (ANI)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Scandinavia Times.

More Information

null in null

Europe

Section

Dublin ranked 2nd most expensive for apartment construction in Europe

Dublin among priciest cities for apartment construction in Europe

DUBLIN, Ireland: Dublin has been ranked as the second most expensive city for apartment construction among ten major European locations,...

Major European summit planned in Ireland next year

Plan for major European summit in Ireland next year

DUBLIN, Ireland: Ireland is positioning itself to host a high-profile gathering of European leaders next year, with Tanaiste Simon...

EC to ease sustainability rules to boost business competitiveness

EC to pare back sustainability rules for companies, draft shows

BRUSSELS/LONDON: The European Commission is preparing to ease sustainability reporting requirements for businesses as part of a broader...

Ireland’s average rents went up by 5.7% in 2024, report says

Average rents in Ireland rose by 5.7% last year – report

DUBLIN, Ireland: Ireland's rental market continued to tighten in 2024, with average rents rising by 5.7 percent over the year, according...

EU pushes for US gas, renewables to cut Russian Reliance by 2027

EU seeks more US gas, renewable energy to replace Russian supplies

BRUSSELS, Belgium: The European Union is ramping up efforts to secure alternative gas supplies and accelerate its shift to renewable...

Ireland supermarket honors 1999 pre-euro voucher

Supermarket in Ireland honors voucher from 26 years ago

DUBLIN, Ireland: A supermarket in Kildare made headlines after honoring a 5-pound voucher issued in 1999, long before Ireland adopted...

International

Section

Opinion - Israel's government exploited hostages

Israeli government accused of lying its way through 15 months-war

Israel sustained the West's support for its slaughter in Gaza for 15 months only through an intensive campaign of lies. It invented...

Pentagon to cut 5,400 jobs amid Trump’s federal workforce reduction

Pentagon to fire 5,400 workers as Trump downsizing faces backlash

WASHINGTON, D.C.: The Pentagon announced this week that it will cut 5,400 jobs as part of President Donald Trump's plan to shrink the...

Newsom urges Congress for $40 Billion to aid LA wildfire recovery

California governor asks Congress for $40 billion wildfire relief

SACRAMENTO, California: California Governor Gavin Newsom is urging Congress to approve nearly US$40 billion in federal assistance to...

USDA scholarship for underserved students from Black colleges on hold

USDA scholarship for students at historically Black colleges suspended

WASHINGTON, D.C.: A U.S. government scholarship program designed to help students from underserved and rural areas attend historically...

US oil tariff may force foreign producers to pay $10 billion annually

Trump's 10% oil tariff may cost foreign producers $10 billion annually

WASHINGTON, D.C.: A proposed 10 percent U.S. tariff on oil imports could deal a US$10 billion annual blow to foreign producers, particularly...

Federal probe threatens $4 billion fund for California high-speed rail

Trump administration targets California's high-speed rail funding

LOS ANGELES, California: The Trump administration is once again challenging California's high-speed rail project, with federal transportation...

Movie Review

Take Shelter