The domestic equities also got a boost after the US Federal Reserve kept its policy rate unchanged in its two-day policy review.38 points in the previous session. The NSE Nifty-50 index was trading higher by 49.A proposal to amend Section 35 A of the Banking Regulation Act through the ordinance route was approved by the Cabinet yesterday.63 per cent, at 30,083. The 30-share index was trading up 189. The Union Cabinet yesterday also gave its approval to the National Steel Policy (NSP) 2017 that aims to achieve steel making capacity of 300 million tonnes by 2030 with an additional investment of Rs 10 lakh crore.
Mumbai: Bse benchmark Sensex rose 189 points to reclaim the 30,000-level and NSE Nifty went past 9,350 in early trade today, buoyed by encouraging corporate earnings and a string of government reforms, including NPA resolution and steel policy.52 per cent while Chinas Shanghai Composite shed 0.14 points, or 0. The US Dow Jones Industrial Average ended 0.Banking stocks led the recovery this morning following the governments decision to bring an ordinance to empower the Reserve Bank to effectively deal with the problem of mounting bad loans in the banking sector, brokers said.04 per cent higher in yesterdays trade.
In the Asian region, Hong Kongs Hang Seng was down 0. The Cabinet also approved 8.8 DIN603 ZINC CUP HEAD SQUARE NECK BOLT Supplier a policy for use of domestic steel products in government organisations.94, with all the sectoral indices led by banking and consumer durables staying in the green.84 per cent to quote at Rs 291.In the banking segment, shares of countrys largest private sector lender ICICI Bank climbed 6.The gauge had shed 26..07 per cent in their early deals.40.Other gainers were SBI, Axis Bank, Adani Ports, Bharti Airtel, L&T and Asian Paint.40 after it yesterday reported manifold jump in standalone net profit to Rs 2,024.45 points, or 0.53 per cent, at 9,361.64 crore for the quarter ended March 31.