Sensex firms up 61 points on fund inflows
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The benchmark BSE Sensex continued its rising trend by gaining over 61 points to 32,386.52 in early trade today on sustained foreign fund inflows amid positive global cues.
The 30-share index rose 61.11 points, or 0.18 %, to 32,386.52. The gauge had gained 87.53 points in the previous session.
Also, the NSE Nifty was quoting 19.10 points or 0.19 % higher at 10,085.50.
Barring IT and teck, all the sectoral indices, led by metal, realty, bank and auto were trading in the positive terrain with gains up to 1.03 %.
Brokers said sentiment remained positive on the back of persistent capital inflows by foreign funds and widening of positions by retail investors.
Among Sensex components, Tata Steel emerged top gainer by surging 2.79 % to Rs 591.55 as participants raised their bets ahead of quarterly earnings numbers.
Other big movers were ICICI Bank, Hero MotoCorp, Coal India, Bajaj Auto,Maruti Suzuki, Tata Motors and Sun Pharma, rising by up to 1.64 %.
Besides, a firm trend in other Asian markets after strong US jobs numbers provided relief to investors too influenced sentiments here.
In the Asian region, Japan's Nikkei rose 0.63 % and Hong Kong's Hang Seng gained 0.28 %, while China's Shanghai Composite Index shed 0.16 %.
The US Dow Jones Industrial Average ended 0.30 % up in Friday's trade.
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He also urged the Supreme Court to intervene in the matter as soon as possible.
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The Karnataka High Court has dismissed a petition seeking quashing of an FIR against two individuals accused of defrauding e-commerce giant Amazon of over Rs 69 lakh.
Justice M Nagaprasanna described the case as an example of modern age crime.
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India’s Adani Group said it has enough cash flows to service debt obligations, as it sought to reassure creditors after a US bribery probe against founder Gautam Adani triggered a selloff in the conglomerate’s stocks and bonds.
Cash balances exceed long-term debt repayments for the next 28 months, while portfolio level cash balances were at $6.33 billion, the port-to-power conglomerate said in a report for the first six months of the financial year ending March 2025 released Monday.
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