New Delhi, Feb. 9 (CNA) A plant owned by Taiwanese contract electronics maker Wistron Corp. in India is set to restart operations shortly after a riot broke out at the production base as a result of a labor dispute in December, according to an Indian news outlet.
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NEW DELHI: Domestic equity indices, BSE Sensex and NSE Nifty, were trading in the green on Friday on account of buying in frontline bluechip counters.
Shares of PNB Gilts ( 18.81 per cent) ,
Bajaj Electricals ( 18.61 per cent) , Bhartiya International ( 18.53 per cent) , Binny ( 18.53 per cent) , Ind Bank Housing ( 18.06 per cent) ,
TCFC Finance ( 16.95 per cent) , Shree Rama Multi-Tech ( 14.36 per cent) , Chandra Bhagat Pharma ( 11.96 per cent) , Texmo Pipe ( 11.74 per cent) and Ganges Securities ( 11.61 per cent) rallied over 10 per cent.
The 30-share Sensex was trading 261.16 points up at 50875.45, while the 50-share Nifty index was 67.15 points up at 14962.8.
In the Nifty 50 index, 23 stocks were trading in the green, while 27 stocks were in the red.
State Bank of India, Quess Corp Ltd, PSP Projects Ltd and Intellect Design Arena Ltd are among the other gainers in the BSE s A group today, 05 February 2021.
State Bank of India, Quess Corp Ltd, PSP Projects Ltd and Intellect Design Arena Ltd are among the other gainers in the BSE s A group today, 05 February 2021.
Bajaj Electricals Ltd surged 18.44% to Rs 909.5 at 11:48 IST. The stock was the biggest gainer in the BSE s A group. On the BSE, 1.22 lakh shares were traded on the counter so far as against the average daily volumes of 47329 shares in the past one month.
State Bank of India spiked 12.73% to Rs 400.3. The stock was the second biggest gainer in A group. On the BSE, 65.87 lakh shares were traded on the counter so far as against the average daily volumes of 31.8 lakh shares in the past one month.
Synopsis
Every proposal that Finance Minister Nirmala Sitharaman announced in her Budget will have long-term repercussions and some stocks are better positioned to benefit from them, analysts said.
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Analysts at IIFL Securities picked ICICI Bank, ITC, L&T, Dabur, SBI Life, ICICI Lombard, HPCL, Deepak Nitrite, Quess Corp, JK Lakshmi Cement, Sudarshan Chemical and HG Infra Engg as the biggest beneficiaries of this Budget.
NEW DELHI: The Union Budget may have been a non-event from the market’s point of view, but it has thrown up solid opportunity to make money. Or that’s what many analysts and market veterans believe.
Synopsis
The move, announced by Finance Minister Nirmala Sitharaman in Union Budget 2020-21, is seen spurring a new startup sector that’ll help legacy businesses manage their workforce both gig and migrant workers.
How will the new labour codes impact you? Key provisions decoded
Bengaluru: The government has proposed to launch a portal to collect relevant information on gig workers to help formulate social security schemes for them and the migrant workers population at large.
The announcement, made by Finance Minister Nirmala Sitharaman in Union Budget 2020-21, comes ahead of the implementation of labour codes, which will happen later this year. While it will increase compliance for on-demand companies, especially e-commerce and ride-hailing firms, the reforms could kick off an expansion in the human resource management sector for blue-collar workers, according to experts.