Investment Stalemate
Despite record profits and a business-friendly policy environment, India’s private sector remains hesitant to invest in expanding capacity.
Healthy buying was witnessed in the banking and finance stocks. A positive trend in the Asian markets also supported the domestic indices.
IANS | October 19, 2020 1:26 pm
(Photo: AFP)
The key Indian equity indices rose on Monday morning with the BSE Sensex rising over 450 points, to trade well above the 40,000 mark.
Healthy buying was witnessed in the banking and finance stocks. A positive trend in the Asian markets also supported the domestic indices.
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Around 10.30 a.m., the Sensex was trading at 40,438.41, higher by 455.43 points or 1.14 per cent from the previous close of 39,982.98.
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It had opened at 40,318.57 and has so far touched an intra-day high of 40,488.15 and a low of 40,211.22
The Nifty50 on the National Stock Exchange was trading at 11,874.00, higher by 111.55 points or 0.95 per cent from its previous close.
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Despite record profits and a business-friendly policy environment, India’s private sector remains hesitant to invest in expanding capacity.
The benchmark indices ended lower on Friday, with auto and Information Technology stocks remaining under pressure amid concern over the upcoming US tariffs.
At close, Sensex was up 317.93 points or 0.41% at 77,606.43, and the Nifty was up 105.10 points or 0.45% at 23,591.95.
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