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Gulf Today Report
Indian shares advanced on Thursday following a decline in the previous session as precious metals and stocks gained as investors hope for an improved economy in 2021.
The NSE Nifty 50 index ended 1% higher at 12,987.00, rebounding from losses earlier in the session, and a more than 1.5% drop on Wednesday. The S&P BSE Sensex closed 0.98% higher at 44,259.74.
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Some financial institutions including HDFC Bank and Kotak Mahindra Bank were among the top boosters to the Nifty 50. JSW Steel and Tata Steel also gained 6.1% and 5.0%.
With investors focusing on economic recovery, metals and real estate have jumped as they are most likely to benefit from money pumped into Indian equities by foreign investors.
India has recorded $7billion In November from foreign investors.
The Sensex on Tuesday ended 382 points in the red, after touching a record high of 39,572 minutes into the trade. The session started on a firm note with Sensex hitting a life-time high of 39,572, but it failed to hold on to the early gains and ended over 380 points lower.
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The NSE Nifty 50 index rose 0.6% to 10,373 and the benchmark S&P BSE Sensex was up 0.52% at 35,095.76 as of 0534 GMT.
The NSE Nifty 50 index rose 0.64% to 10,774.50 by 0511 GMT, while the benchmark S&P BSE Sensex climbed 0.67% to 36,570.32.
Strong incentives for UAE investors to target the Israeli high-tech market are underlined in a first of its kind report published on Sunday following record investment activity and growth in 2020, despite the COVID-19 pandemic.
The Sharjah Airport International Free Zone (SAIF Zone) has signed an investment agreement with TORRECID of Spain, a globalised multinational business group dedicated to providing products, services,
Bahrain-GCC trade reached $5.7 billion in 2020, accounting for 25 per cent of Bahrain’s global bilateral trade for the year ($20.8 billion).
Jafza, the flagship freezone of DP World, UAE Region, has signed a Memorandum of Understanding (MoU) with UAE-based STAR-K Kosher Certification to educate its partners in the food and agricultural commodities sector