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Sunday Jan 29, 2023

share market | Sensex rises 361 points, buoyed by strong global cues


Sensex

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Mumbai: Encouraged by a strong trend in global markets, local stock markets rose for the second consecutive day as investors continued to build up, and both the major indices closed with gains on Tuesday. BSE’s 30-share index Sensex registered a gain of 361.01 points, or 0.60 percent, and closed at 60,927.43 points at the end of trading.

At one point of time it had jumped up to 420.26 points during trading. Similarly, the National Stock Exchange’s index Nifty also increased by 117.70 points, or 0.65 percent, to close at 18,132.30 points. Tata Steel, Tata Motors, Larsen & Toubro, Asian Paints, Wipro, Bajaj Finance, ICICI Bank, Tech Mahindra and Titan were among the major gainers in the Sensex pack.

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On the other hand, shares of Hindustan Unilever, ITC, Mahindra & Mahindra and Nestle were in loss. In other Asian markets, Kospi of South Korea, Nikkei of Japan, Shanghai Composite Sol of China closed with gains. European markets were also trading with gains in the afternoon session. US stock markets were closed on Monday.

International oil benchmark Brent crude climbed 0.49 per cent to $84.33 a barrel. Meanwhile, foreign investors continued to pull out of Indian markets. Foreign institutional investors sold shares worth Rs 497.65 crore on a net basis on Monday, according to available data. (agency)



tamilnad mercantile bank has increased the fd rates now customers will get a strong return


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Large private sector lender Tamilnad Mercantile Bank (TMB) hiked interest rates on fixed deposits (FDs) of less than Rs 2 crore. After this increase in interest rates, the bank will give 5.25% to 6.50% interest on FDs of 7 days to 10 years to its general customers. The same bank will give 5.25% to 7% interest to its senior citizen customers on FDs of the same time period. On the other hand, the bank will give a maximum interest of 7% to general customers and a maximum of 7.50% to senior citizen customers on FDs of 1 year to 2 years. The increased new interest rates of the bank will be applicable from January 2.

7% interest will be available on FD of this time period
After this increase in the interest rate, the bank will pay 5.25% on FDs of 7 days to 120 days, 6% on FDs of 121 days to less than 1 year, 6.75% on FDs of 1 year and more than 1 year and less than 2 years. Will give 7% interest on FD. At the same time, the bank will give 6.75% interest on FDs of 2 to 3 years and 6.50% on FDs of 3 years to 10 years.

Here are the latest FD rates of Karnataka Bank
After this increase in interest rates, the bank will give an additional 0.50% interest to its senior citizen customers on FDs of 1 year to 10 years. On the other hand, today Karnataka Bank has increased the interest rates on fixed deposits (FD) of less than Rs 2 crore. After this increase in interest rates, the bank is paying 5.25% to 5.80% interest on FDs of 7 days to 10 years.

good news for karnataka bank customers Now you will get a strong return on fd – Business News India


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Karnataka Bank has increased the interest rates on fixed deposits (FD) of less than Rs 2 crore. After this increase in interest rates, the bank is paying 5.25% to 5.80% interest on FDs of 7 days to 10 years. At the same time, the bank is paying a maximum interest of 7.30% on FDs of 555 days (KBL Centenary Deposit) to its general customers and 7.70% on FDs of the same time period to its senior citizen customers. According to the information received from the official website of the bank, the increased new interest rates are applicable from today i.e. January 1.

karnataka bank increased fd rates
After this increase in interest rates, Karnataka Bank is paying 5.25% interest on FDs of 7 days to 364 days and 7.30% on FDs of 555 days. On the other hand, the bank is paying 6.10% on FDs of 1 year to 2 years, 5.75% on FDs of 2 years to 5 years and 5.80% on FDs of 5 years to 10 years.

Additional 0.50% interest will be available here
After this increase in interest rates, resident senior citizen customers will get an additional 0.40% interest on domestic FDs of 1 year to 5 years. On the other hand, senior citizen customers of the bank will get an additional 0.50% interest on FDs of 5 years to 10 years time period. Apart from this, today Indian Overseas Bank has also decided to increase the interest rates on FDs of less than Rs 2 crore by 75 basis points.

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