Indian equities climbed more than 1% today after five sessions of falls, bolstered by Reliance Industries.
The NSE Nifty 50 index went up 1.17% at 14,848.60 by 1040 IST, while the S&P BSE Sensex rose 1.14% to 50,305.46. Other Asian stock markets edged down as surging U.S. Treasury yields and inflation prospects dented investor mood.
Reliance Industries was the top boost on the Nifty 50, rising more than 2% after the conglomerate said it expected approvals for the spin-off of its O2C business by the second quarter.
On the Nifty 50, lender Kotak Mahindra Bank was the top drag, falling 2.3%.
Among major sectoral indexes, the Nifty energy index gained the most, climbing as much as 2.56% led by a 6.5% jump in Oil and Natural Gas Corp.
The Nifty metal index climbed for a second straight session, up 1.6%, amid a rally in copper prices that has been fuelled by hopes of a pick-up in demand.
Shares of Tata Motors advanced more than 5% after reports that the car maker expected to fare much better than the domestic auto industry in the next financial year.
05 Mar 2021 06:06 PM
Key factors to keep in mind before the US markets open
05 Mar 2021 05:08 PM
India's foreign exchange reserves rose to $584.55 billion as of Feb 26, compared with $583.87 billion a week earlier, the Reserve Bank of India.
05 Mar 2021 04:36 PM
Have a look at how Indian rupee ended the day
05 Mar 2021 03:51 PM
Indian equities fell for a second straight session today and snapped their three-day gaining streak as investors remained spooked by a sharp rise in US yields. Sensex managed to hold 50,000 and closed below 441 points, but Nifty gave up 15,000.
05 Mar 2021 03:00 PM
Pound fell and traded around 1.3830 as Dollar extended gains following Powell’s dovish comments leading to an upward rally in US yields.
05 Mar 2021 02:56 PM
Find out how European markets are reacting today