Thu, Aug 27, 2020 3:12 AM
Government to sell up to 15% stake in HAL via OFS on August 27-28
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After the gapdown opening in the early morning session on Thursday, the Indian stock market witnessed a strong rebound after intensified buying in the PSU segment. Shares of State Bank of India (SBI) also witnessed buying interest among Dalal Street bulls. SBI share price today opened downside at ₹770.65 apiece on NSE, but the Indian banking major bounced back strongly.
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Indian headline indices took-off from the day's lows amid strong buying in banking stocks. The S&P BSE Sensex shot-up by nearly 700 points to top 74,500 mark while the broader Nifty50 hit a double ton to scale 22,600 level. Here's what led to the sharp upward move in the benchmark indices today: Buying in banksAxis Bank was the top contributor in today's market surge as it jumped over 6%.
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Andy Jassy ain't no Isaac Newton, but he knows how gravity works. Responding to what he called a "provocative question," the Amazon chief executive explained the secret to the e-commerce giant's resilience in his annual letter to shareholders. Amazon is scheduled to report first-quarter results on April 30. A year earlier, Amazon earned 31 cents a share on $127.4 billion.
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