SME Times is powered by   
Search News
Just in:   • TN yarn manufacturers form association to revive struggling sector amid rising costs  • Committed to nurture next-gen innovation in 6G technology: Jyotiraditya Scindia  • Europe facing earlier, stronger heatwaves: Climate scientist  • India and Namibia sign two MOUs in fields of health and entrepreneurship  • PM Modi arrives in Delhi after concluding 'productive and successful' 5-nation tour 
Last updated: 23 Jan, 2020  

BSE.9.Thmb.jpg Sensex jumps up 270 points as oil prices dip

Bse.9..jpg
   Top Stories
» TN yarn manufacturers form association to revive struggling sector amid rising costs
» Committed to nurture next-gen innovation in 6G technology: Jyotiraditya Scindia
» Piyush Goyal holds talks with Malaysian minister on review of ASEAN trade pact
» India and OPEC have a unique and symbiotic relationship: Hardeep Puri
» SIP inflows hit all-time high in June, total AUM for equity MF at Rs 74.41 lakh crore
SME Times News Bureau | 23 Jan, 2020
The Sensex closed 271 points higher on Thursday after three consecutive days of decline, primarily owing to the fall in oil prices.

Brent futures fell to their lowest in seven weeks on concerns that the virus outbreak in China may dent fuel demand.

Sensex closed 271 points higher at 41,386.40 while the Nifty closed at 12,179.90, up by 73 points. All the sectors ended in green except the media index.

Realty sectors stocks were the biggest gainers, followed by banks and auto sector stocks.

Siddhartha Khemka of Motilal Oswal Financial Services said that "fall in crude oil prices propelled oil marketing stocks, while bargain buying was witnessed in banking stocks. Volatility was high due to the weekly options expiry".

Vinod Nair of Geojit Financial Services, however, said that cautious trend will be maintained in the near-term since a lot has been factored in the market about budget wish list and revival in earnings growth, while the start to Q3 result is below par.

Asian shares took a beating on Thursday, led by the biggest slide in Chinese stocks in more than eight months as investors concern that the tourism and demand might get hit due to the coronavirus, which has killed at least 17 people.

The virus outbreak comes as the country is entering one of its busiest travel periods, its Lunar New Year holiday.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Do you think Indian businesses will be negatively affected by Trump's America First Policy?
 Yes
 No
 Can't Say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter