Punjab National Bank Archives - The Gulf Indians https://thegulfindians.com/tag/punjab-national-bank/ Fri, 18 Sep 2020 13:41:05 +0000 en hourly 1 https://thegulfindians.com/wp-content/uploads/2020/07/fav-100x100.png Punjab National Bank Archives - The Gulf Indians https://thegulfindians.com/tag/punjab-national-bank/ 32 32 Sensex down 323 points; Nifty above 11,500 https://thegulfindians.com/sensex-down-323-points-nifty-above-11500/ https://thegulfindians.com/sensex-down-323-points-nifty-above-11500/#respond Fri, 18 Sep 2020 13:41:05 +0000 https://www.thegulfindians.com/?p=13701 The stock market fell for the second day in a row. The Sensex was down 134 points and the Nifty was down 11 points. The trading started with gains but could not sustain it. The market experienced strong fluctuations in the afternoon. The Nifty started trading above 70 points on the day. However, the Nifty

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]]> The stock market fell for the second day in a row. The Sensex was down 134 points and the Nifty was down 11 points. The trading started with gains but could not sustain it. The market experienced strong fluctuations in the afternoon.

The Nifty started trading above 70 points on the day. However, the Nifty did not return to 11,584 points at the start of trading. The market has seen an increase in the intensity of volatility. Meanwhile, Nifty fell to 11,446 points during the trading and closed above 11,500. The stock closed at 11,505.

The Sensex started trading above the psychological level of 39,000 points but dropped during the trading session. It fell to 38,653 points at one point during trading. It closed at 38,845 points.

Most of the 50 stocks in the Nifty traded higher on the day. Twenty-eight stocks gained while 22 lost. Pharma stocks were the main contributor to the market on the day. Leading pharma stocks Dr. Reddy’s gained 9.92 per cent and Cipla 7.11 per cent. The Nifty Pharma index gained 5 per cent.

Dr. Reddy’s is up 20 per cent this week. Dr. Reddy’s ‘Laboratories’ signing of agreement with Russia to test and distribute the vaccine for COVID caused the stock price to rise sharply. Pharma stocks such as Dr. Reddy’s, Cipla, Lupin, Divis Lab, Cadillac Healthcare and Biocon were at 52-week highs on the day.

Dr. Reddy’s Cipla, Adani Ports, Bharti Airtel and Mahindra & Mahindra were the top five gainers in the Nifty. Adani Ports and Bharti Airtel gained over 3 per cent each.

The biggest losers were HDFC Bank, Sree Cements, Bajaj Finserv, Kotak Mahindra Bank and Maruti Suzuki. HDFC Bank fell 2.28 per cent.

Bank stocks continued to decline. Similarly, the Nifty Banking Index lost 1.30 per cent. Bandan Bank, IDFC First Bank, HDFC Bank and Punjab National Bank lost over two per cent.

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]]> https://thegulfindians.com/sensex-down-323-points-nifty-above-11500/feed/ 0 Stock markets fall for third day in a row https://thegulfindians.com/stock-markets-fall-for-third-day-in-a-row/ https://thegulfindians.com/stock-markets-fall-for-third-day-in-a-row/#respond Fri, 14 Aug 2020 11:50:57 +0000 https://www.thegulfindians.com/?p=11161 The stock market ended lower for the third day in a row. The market, which started gains in the morning, was volatile as it had been the day before. The Sensex, which had risen above 38,500 points, ended at 37,877 points. At the close, Sensex lost 433 points. The Nifty was down 122 points on

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]]> The stock market ended lower for the third day in a row. The market, which started gains in the morning, was volatile as it had been the day before. The Sensex, which had risen above 38,500 points, ended at 37,877 points. At the close, Sensex lost 433 points.

The Nifty was down 122 points on August 14. Nifty closed at 11,178.40. It traded higher at 11,366.25 points, after which it fell by more than 250 points. The Nifty is currently trading at its lowest level of 11,111.45.

Nifty 37 stocks lost ground while 13 stocks gained. The top five gainers were JSW Steel, Coal India, Sun Pharma, Cipla and NTPC. JSW Steel and Coal India gained over 2 per cent.

Eicher Motors, Tata Motors, Mahindra & Mahindra, Axis Bank and Bajaj Finance were the top five losers in the Nifty. Eicher Motors fell more than 7 per cent. Shares of Tata Motors fell 4.80 per cent. Mahindra & Mahindra reported a loss of 3.27 per cent. Axis Bank and Bajaj Finance fell more than two per cent.

Automobile and bank stocks were the main losers on the day. The Nifty Auto Index gained 2.56 per cent. All 14 stocks except Ashok Leyland, which is listed on the Nifty Auto Index, declined.

The Nifty Bank Index ended with a loss of 2.33 per cent. Bank of Baroda, RBL Bank, IDAFC First Bank and Punjab National Bank lost three to four per cent each.

At the same time, metal stocks gained on the day. Metal stocks have been steadily gaining over the past few days. August 14 was also a day of gains for pharma stocks. Lupine was up 8.97 per cent.

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