Sensex rallies over 400 points; Reliance hits fresh peak

Mumbai, July 13 Equity benchmark Sensex rallied over 400 points in early trade on Monday, tracking gains in index-heavyweight Reliance Industries and strong signals from global markets. Reclaiming the 37,000 level in the opening session, the 30-share BSE Sensex was trading 413.03 points or 1.13 per cent, higher at 37,007.36. In similar movement, the NSE Nifty surged 123.35 points, or 1.15 per cent, to 10,891.40. Reliance Industries was...

Motorcyle riders show creativeness to stay on the road

In an effort to comply with riding pillion guidelines issued by the national government to stay on the road, motorcycle riders have gone creative in making improvised shields to prevent contracting coronavirus. The government allowed riding pillion (back-ride) among married couples, same-sex couples, common-law couples, and live-in partners on July 10 provided they live in the same household and there is a protective shield between the rider and...

Why the Fortescue share price rallied over 40% to a record high in 2020

The Fortescue Metals Group Limited (ASX: FMG) share price hit a high a record high this afternoon and is among the top performers on the S&P/ASX 200 Index (Index:^AXJO) this year. Stock in the iron ore miner jumped 2.6% to $15.24 in after lunch trade, which takes its gains for 2020 to 42%. In contrast, the BHP Group Ltd (ASX: BHP) share price and the Rio Tinto Limited...

ASX Stock tapping into the US market

Australia has a number of companies that are either based in the US (US) or have significant operations there, yet are still listed as ASX Stock. This is a move that buy now, pay later (BNPL) giant Afterpay Ltd (ASX: APT) is trying to make right now. And who can blame them? The size of the US retail market surpassed US$5 trillion in 2017, compared to Australia’s...

How does the Fortescue share price compare to its peers?

The Fortescue Metals Group Limited (ASX: FMG) share price has rocketed 38.15% higher in 2020 (at the time of writing). On paper, that’s a significant outperformance compared to the S&P/ASX 200 Index (ASX: XJO), which has fallen 12.09% lower this year. But how does the Fortescue share price stack up against its fellow Aussie iron ore miners? How does the relative value look? The first thing about relative valuation is...

Tangshan’s listed firms say operations unaffected by 5.1-magnitude earthquake

A-share listed companies in China's "steel city" - Tangshan, Hebei Province - report their operations were not impacted by a 5.1-magnitude earthquake and the many aftershocks earlier Sunday morning. Source: Globaltimes.cn | 2020/7/13 0:19:50Want to know more on Tangshan's listed firms say operations unaffected by 5.1-magnitude earthquake click here go to market news source. Market news summary from Global Times Market News.Author:
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