• SMC open account icon Open an A/C
    • Open an A/C
    • Trading A/c
    • Mutual Fund A/c
    • NBFC A/c
    • NPS A/c

Budget News

  • Australia Stocks end mixed
  • December 02,2020  16:22
  • The Australian share market finished session mixed on Wednesday, 02 December 2020, as optimism over a quarterly economic recovery offset by cautious comments from the central bank and escalating trade tensions with China.

    At closing bell, the benchmark S&P/ASX200 inclined 1.67 points, or 0.03%, to 6,590.20. The broader All Ordinaries shed 0.87 points, or 0.01, to 6,811.30.

    The Australian economy grew by a better than expected 3.3% in the September quarter. This was the biggest quarterly increase since 1976 and was driven by a large lift in consumer spending including at cafes and restaurants, hotels and on transport services. The Reserve Bank Governor this morning said that the economy has 'turned the corner' and was more optimistic about the job market's recovery.

    Mining stocks stood out with BHP and RIO benefiting from iron ore prices remaining at six-year highs. Thanks to the reopening of some borders, Flight Centre (FLT), Qantas (QAN) and Sydney Airport (SYD) continue to lift.

    Mesoblast (MSB) surged by 7.2% after the FDA gave Remestemcel-L fast-track designation for the treatment of acute respiratory distress syndrome due to COVID-19.

    Westpac (WBC) edged higher by just 0.1% and announced the sale of its general insurance business to Allianz for $725m. The bank will enter an exclusive 20-year agreement for the distribution of general insurance products to Westpac customers.

    CURRENCY NEWS: The Australian dollar changed hands at $0.7379, after touching an earlier low of $0.7362.

    Powered by Capital Market - Live News

Top News
Economy News

Follow us:

  • fb icon
  • Twitter icon
  • Linkedin
  • you tube

Disclaimer: Investment in securities and commodities market are subject to market risks, read all the related documents carefully before investing. SMC Global Securities Ltd. (CIN : U67120DL1997PLC188881): NSE INB/ INF/INE 230771431, BSE INB/INF 011343937, MSEI INB/INF 260771432, CDSL/NSDL-IN-DP-130-2015, SMC Research Analyst Registration- INH 100001849 I SMC Global Securities Ltd.: NCDEX/MCX (8200)/ NMCE/ICEX-INZ000035839 I SMC Global Securities Ltd.: PMS INP000003435 I SMC Insurance Brokers Pvt. Ltd., IRDAI Regi: No: DB 272/04, License No. 289 Valid from 28-01-2020 to 27-01-2023 I Registered Office: 11/6B, Shanti Chamber, Pusa Road, New Delhi-110005, Tel.: (011) 30111000. For any complaints email –, website:

Insurance is the subject matter of solicitation • All insurance products sold through SMC Insurance Brokers Pvt. Ltd. • Investment Banking Services provided by SMC Capitals Ltd. • Equity PMS and Wealth management services provided by SMC Global Securities Ltd. • IPOs and Mutual Funds distribution services are provided by SMC Global Securities Ltd. • Financing Services provided by Moneywise Financial Services Pvt Ltd. • Commodity broking services provided by SMC Global Securities Ltd. • Real Estate Advisory services are offered through SMC Real Estate Advisors Pvt. Ltd.


Toll-free : 1800-11-0909

Plus Minus 
Copyright ©2016 SMC. All Rights Reserved | Disclaimer | Privacy Policy | RMS Policy | Copyright| Testimonials| Sitemap| Grievance| design agency: triverse| Powered by C-MOTS Infotech (ISO 9001:2015 certified)
Open An Account

Open my trading account now!  X 

* All fields are compulsory