Thursday was a great start for the Indian stock market. In the opening minutes on the fourth day of the week, the SENSEX reached the level of 40 thousand 670. This is the highest level of SENSEX ever. At the same time, the Nifty crossed the psychological level of 12 thousand with an increase of about 50 points.
Earlier on Wednesday, the Sensex gained 222 points to close at a new record level of 40,469 points. The Nifty, after touching the level of 12,000 points, finally ended with a gain of 48.85 points, or 0.41 per cent, at 11,966.
IndusInd Bank's shares rose up to 3 per cent in the initial trade, while ITC, HDFC, Axis Bank and Reliance shares were seen trading on the green mark. Tata Steel suffered the most damage. The shares of Vedanta, Tata Motors, ONGC, Hero MotoCorp and Yes Bank were seen trading on the red mark.
Meanwhile, Canara Bank's quarterly results were reflected in the bank's stock. In the opening minutes, the shares of the bank were seen to be trading at a speed of 214.80 (+ 1.87%). Explain that Canara Bank's net profit increased 14 per cent to Rs 405.49 crore in the third quarter ended in September. Good income and falling debt were the reason for this. The bank had a net profit of Rs 356.55 crore during the July-September period a year ago. The bank's NPAs stood at 8.68 percent (Rs 38,711.33 crore) of gross debt as of September end, up from 10.56 percent (Rs 45,233.22 crore) in the same period a year ago.
On Thursday, the rupee opened 13 paise to 71.10 rupees against the dollar. Earlier, the rupee had been depreciating for 3 trading days and it was down by 28 paise to close at 70.97 against the US currency. On Tuesday, the rupee was at 70.69 against the dollar.
