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As On 25-Nov-2020 13:32 PM
44,379.89
-143.13 (-0.32%)
NIFTY
13,014.50
-40.65 (-0.31%)
SENSEX
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  • Hong Kong Stocks fall on Covid-19 concerns

    The Hong Kong stock market finished session lower on Thursday, 29 October 2020, as risk sentiments beaten by tracking a Wall Street retreat overnight on the back of sharp increases in coronavirus cases in the United States, particularly in the Midwest. Selling was also fueled by concerns over a possible European economic slump caused by the second pandemic wave following announcements by the German and French governments of new lockdown measures.

    At closing bell, the benchmark Hang Seng Index fell 0.49%, or 122.20 points, to 24,586.60. The Hang Seng China Enterprises Index dropped 0.08%, or 7.90 points, to 9,955.46.

    Local declines followed heavy selling in Europe and on Wall Street following rising concerns for the global economy on surging COVID-19 cases in the northern hemisphere. The U.S. has averaged more than 70,000 new coronavirus cases a day over the past week, with 29 states setting new records this month for the most new daily cases since the pandemic began in February. More than 8.78 million cases have been reported nationwide and at least 226,000 people have died of COVID-19, according to data from John Hopkins University (JHU). According to JHU, the average number of daily new cases this past week is up 21% compared to the previous week. The jump in new infections has also been accompanied by an increase in hospitalizations and deaths, leading to worries about new lockdowns.

    In Europe, Germany and France announced tough new restrictions on businesses Wednesday in a bid to stem the spread of the coronavirus as the countries deal with worsening outbreaks.

    Financial stocks weighed on the Hang Seng Index, as investors exited the sector after a rally over the past two weeks built on optimism over their third-quarter earnings. A spate of financial companies are set to release the results after market close on Thursday or on Friday, including China's four biggest state-controlled banks.

    AIA Group, the second-most weighted stock in the Hang Seng Index, declined 1.3% to HK$75.60, contributing to a 31-point loss in the benchmark. Ping An Insurance (Group), China's largest by market value, plummeted 1.8% to HK$80.50. HSBC fell 1.1% to HK$32.30, and China Construction Bank dropped 0.7% to HK$5.49.

    Technology stocks recouped early losses as sentiment improved over their growth outlook. Meituan Dianping, China's online food delivery giant, jumped 6.1% to close at an all-time high of HK$297.20. Credit Suisse on Thursday lifted its target price to HK$310 from HK$300.

    Tencent Holdings also reversed losses to rise 0.7% to a record high of HK$605. Alibaba Group, the owner of this newspaper, slipped 1.6% to HK$302.60.

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Flash News 25-Nov-2020
  •  ( 13:33) European markets open in greens as US political certainty & vaccines boost sentiment  
  •  ( 13:33) The Nifty index reclaims 13,000 mark as market pare losses  
  •  ( 12:42) Negative market breadth  
  •  ( 12:41) The Nifty index breaches 13,000 mark  
  •  ( 12:36) Union Bank of India to raise funds upto Rs 1000 cr via debt issue  
  •  ( 12:35) Lasa Supergenerics gets further injunction from Bombay HC  
  •  ( 12:35) L&T bags large order to build India's longest river bridge  
  •  ( 12:34) ARSS Infrastructure Projects bags Rs 210 cr order from NHIDCL  
  •  ( 12:34) IRB Infra gets completion certificate for Agra Etawah Bypass BOT project  
  •  ( 11:35) Asian markets trade on a mixed note  
  •  ( 11:35) Benchmarks pare all gains  
  •  ( 11:16) Glenmark Pharmaceuticals gets a 'BB-' on issuer rating worth $200 mil.  
  •  ( 10:33) Nifty gives up 13,100 level  
  •  ( 10:32) Benchmarks off day's high  
  •  ( 10:10) JSW Steel to hike stake in arm to 100%, for an investment of Rs 35 cr  
  •  ( 09:46) Max Financial Q2 PAT rises 25.9% to Rs 81.06 cr  
  •  ( 09:32) Sensex, Nifty hit record high in early trade  
  •  ( 09:29) RBI rejects Muthoot Finance's proposal to acquire IDBI AMC on Nov. 24  
  •  ( 09:10) Tata Chem appoints N. Chandrasekaran as chairman of board  
  •  ( 08:03) Asian shares jump on vaccine hopes  
  •  ( 08:01) Dow hits 30,000 on vaccine progress, Biden transition  
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25 November 2020 13:30
2165.60
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612.20
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830.50
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1426.80
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2150.65
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481.10
(0.59 %)
861.85
(0.96 %)
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(-1.13 %)
195.65
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1881.85
(-2.21 %)
1124.05
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726.50
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7130.00
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17535.45
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94.00
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80.60
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1975.00
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247.10
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510.50
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549.95
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2715.00
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866.55
(-1.25 %)
1315.50
(-0.86 %)
4884.85
(0.28 %)
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