Stock Markets

India stocks higher at close of trade; Nifty 50 up 1.00%

Published

1 year ago

December 27, 2023

India stocks higher at close of trade; Nifty 50 up 1.00%

Investing.com – India stocks were higher after the close on Wednesday, as gains in the , and sectors led shares higher.

At the close in NSE, the rose 1.00% to hit a new all time high, while the index climbed 0.98%.

The best performers of the session on the were UltraTech Cement Ltd (NS:), which rose 4.50% or 451.30 points to trade at 10,469.95 at the close. Meanwhile, Hindalco Industries Ltd. (NS:) added 4.44% or 25.75 points to end at 605.60 and Bajaj Auto Ltd (NS:) was up 3.79% or 245.10 points to 6,709.65 in late trade.

The worst performers of the session were NTPC Ltd (NS:), which fell 1.15% or 3.55 points to trade at 306.05 at the close. Oil And Natural Gas Corporation Ltd (NS:) declined 0.87% or 1.80 points to end at 205.55 and Adani Enterprises Ltd (NS:) was down 0.77% or 22.10 points to 2,843.35.

The top performers on the BSE Sensex 30 were UltraTech Cement Ltd (BO:) which rose 4.23% to 10,445.15, Bharti Airtel Ltd (BO:) which was up 2.15% to settle at 1,020.95 and State Bank Of India (BO:) which gained 1.63% to close at 648.35.

The worst performers were NTPC Ltd (BO:) which was down 1.21% to 305.95 in late trade, Tech Mahindra Ltd (BO:) which lost 0.16% to settle at 1,279.10 and Maruti Suzuki India Ltd. (BO:) which was down 0.03% to 10,271.00 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1058 to 1044 and 53 ended unchanged; on the Bombay Stock Exchange, 1877 rose and 1793 declined, while 107 ended unchanged.

Shares in UltraTech Cement Ltd (NS:) rose to all time highs; up 4.50% or 451.30 to 10,469.95. Shares in Hindalco Industries Ltd. (NS:) rose to 52-week highs; up 4.44% or 25.75 to 605.60. Shares in Bajaj Auto Ltd (NS:) rose to all time highs; up 3.79% or 245.10 to 6,709.65. Shares in UltraTech Cement Ltd (BO:) rose to all time highs; gaining 4.23% or 424.10 to 10,445.15.

The , which measures the implied volatility of Nifty 50 options, was up 6.00% to 15.56 a new 6-months high.

Gold Futures for February delivery was up 0.25% or 5.25 to $2,075.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 0.61% or 0.46 to hit $75.11 a barrel, while the March Brent oil contract fell 0.47% or 0.38 to trade at $80.47 a barrel.

USD/INR was up 0.14% to 83.34, while EUR/INR rose 0.50% to 92.13.

The US Dollar Index Futures was down 0.03% at 101.07.

Stock Markets

US anti-missile system in Israel used to intercept projectile from Yemen

Published

8 hours ago

December 28, 2024

(Reuters) – An advanced U.S. military anti-missile system was used in Israel to try to intercept a projectile for the first time since President Joe Biden placed the system in Israel in October, a source familiar with the matter told Reuters on Friday.

The THAAD, or Terminal High Altitude Area Defense system, was used to try to intercept a projectile from Yemen sometime during the last 24 hours, and an analysis would determine its success, said the source who spoke on condition of anonymity.

The Pentagon did not immediately respond to a request for comment.

Israel struck multiple targets linked to the Iran-aligned Houthi movement in Yemen on Thursday, including Sanaa International Airport, and Houthi media said at least six people were killed.

Houthis have repeatedly fired drones and missiles towards Israel in what they describe as acts of solidarity with Palestinians in the Gaza Strip.

© Reuters. FILE PHOTO: U.S. Secretary of the Army Christine Wormuth speaks near a Terminal High Altitude Area Defense (THAAD) missile and the Pac-3 Missile Segment Enhancement during the Association of the United States Army annual meeting and exposition at the Walter E. Washington Convention Center in Washington, U.S., October 14, 2024. REUTERS/Nathan Howard/File Photo

In October, Biden placed the THAAD system, built by Lockheed Martin (NYSE:), in Israel along with about 100 U.S. soldiers to help defend the country.

THAAD is a critical part of the U.S. military’s layered air defense systems and added to Israel’s already formidable anti-missile defenses.

Stock Markets

Senate intelligence panel criticizes CIA response to Havana syndrome

Published

8 hours ago

December 28, 2024

(Reuters) – A bipartisan Senate Intelligence Committee report published on Friday criticized the CIA’s response to so-called Havana syndrome health problems among its workforce, saying many individuals “faced obstacles to timely and sufficient care.”

© Reuters. FILE PHOTO: A vintage car used for touristic city tours passes by the U.S. Embassy in Havana, Cuba, November 10, 2021. Photo taken on November 10, 2021. REUTERS/Alexandre Meneghini/File Photo

A declassified summary of the panel’s classified report also said the spy agency’s response “negatively affected” those who reported symptoms, leading to a “trust deficit” among some personnel.

While the CIA provided benefits and compensation to many of those reporting symptoms, the report said, the ease of accessing those programs has been inconsistent, affecting how the agency has been organized to deal with the matter.

Stock Markets

Saba capital management buys $826,865 in Pioneer Municipal High Income Fund stock

Published

8 hours ago

December 28, 2024

Following these transactions, Saba Capital now holds 4,057,625 shares of Pioneer Municipal High Income Fund, reflecting its continued confidence in the fund’s performance. The fund currently offers a 4.53% dividend yield and maintains a conservative beta of 0.67, indicating lower volatility compared to the broader market. This move underscores Saba Capital’s strategy to enhance its position in the municipal bond market through this investment. InvestingPro analysis reveals several additional key metrics and insights about MHI’s financial health and market position.

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