Opening bell: Sensex, Nifty marginally rise, Rupee rebounds 8 paise in early trade
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The benchmark BSE Sensex rebounded by over 93 points in early trade on gains in bluechips such as RIL, L&T and ITC amid a rising trend in Asia.
The 30-share index was trading higher by 93.02 points at 32,495.39. Sectoral indices led by capital goods, power,consumer durables, realty, metal, healthcare and oil & gas were trading in the positive terrain by gaining up to 0.95 per cent.
The broader NSE Nifty rose by 23.50 points, or 0.23 per cent, to trade at 10,171.05.
According to traders, buying activity picked up, mirroring positive cues from the rest of Asia after another record on the Wall Street yesterday. Reliance Industries, L&T, Tata Steel, Adani Ports, M&M, ITC Ltd, SBI, HDFC Bank, Sun Pharma, Dr Reddy's and ONGC gained up to 2.26 per cent.
However, shares of telecom companies such as Bharti Airtel, Idea Cellular and Tata Teleservices fell up to 3.31 per cent after Trai reduced mobile interconnection charges by more than half to 6 paise a minute.
The rupee strengthened by 8 paise to 64.25 against the dollar in opening trade today at the forex market on fresh selling of the US currency by exporters and banks.
Forex dealers said that besides selling of the American currency by exporters and banks, weakness in the dollar against other currencies overseas as traders await the conclusion of the Federal Reserve's policy meeting bolstered the rupee.
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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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