Markets rally as Sensex jumps more than 150 points, Infosys sees gains
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The equity markets on Monday started the week on a positive note as both Sensex and Nifty gained half a per cent when the bourses closed.
The 30-share BSE Sensex gained 154.76 points to close on 31,750.82 while the broader 50-share NSE Nifty closed on 9,912.80, up by 55.75 points.
The markets' rally was led by Infosys which closed with a gain of more than 3 per cent on both the indices. The IT major had gained as much as 4.60 per cent in intra day trade to hit the day high of Rs 953.95 on the Nifty.
The markets are expected to stay choppy in anticipation of GDP and manufacturing index numbers which are due this week.
Apart from Infosys, NTPC, Sun Pharma and Hero MotoCorp were the major gainers on Monday while Dr. Reddy's, Tata Motors and SBI lost the most.
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Maharashtra Deputy Chief Minister and NCP head Ajit Pawar on Monday said discussions were underway among the Mahayuti partners to finalise a formula for the new government formation in the state.
Speaking to reporters at Karad in Satara district, Pawar also acknowledged the contribution of the government's Ladki Bahin scheme, which provides financial assistance to women, in the Mahayuti's victory in the just-concluded state assembly polls.
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Police have lodged seven FIRs in connection with the violence over a court-ordered survey of a Mughal-era mosque here, naming Samajwadi Party MP Zia-ur-Rehman Barq and local SP MLA Iqbal Mehmood's son Sohail Iqbal as accused, officials said on Monday.
The district administration has already imposed prohibitory orders and barred the entry of outsiders into Sambhal till November 30.
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A day after violence rocked Uttar Pradesh's Sambhal, Leader of Opposition in the Lok Sabha Rahul Gandhi on Monday said the BJP's use of power to create a rift between Hindus and Muslims was neither in the interest of the state nor the country.
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.
The petitioners, Sourish Bose and Deepanvita Ghosh, had sought to have the FIR and a magistrate court's order taking cognisance of the case set aside.
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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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