Sensex zooms on strong global cues
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Benchmark BSE Sensex advanced by 195 points in early session on Monday on continuous buying by domestic institutional investors amid strong global leads.
The NSE Nifty also went past the 10,300-mark.
The 30-share Sensex was trading higher by 194.68 points, or 0.58 per cent, at 33,444.98, with realty, oil and gas, PSU, metal, banking and auto stocks staying in good shape.
The gauge had gained 653.12 points in the previous two sessions.
The broader Nifty was up 46.15 points, or 0.44 per cent, at 10,311.80.
Domestic institutional investors (DIIs) bought shares worth Rs 1,243 crore on Friday, as per provisional data.
A firming trend in Asia as investors cheered more records on Wall Street and strong US jobs data influenced sentiment here, brokers said.
Optimistic buying by participants ahead of industrial production and inflation numbers to be released later this week too supported the rally.
Prominent gainers included Bharti Airtel, Axis Bank, SBI, Wipro, ITC Ltd, Tata Steel, Maruti Suzuki, HDFC Ltd, Lupin, Tata Motors, Coal India and Sun Pharma, rising up to 1.73 per cent.
Japan’s Nikkei gained 0.04 per cent and Shanghai Composite rose 0.40 per cent in early trading today while Hong Kong’s Hang Seng was up 0.51 per cent.
The US Dow Jones Industrial Average ended 0.49 per cent higher on Friday.
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The Supreme Court on Friday issued a notice to the Enforcement Directorate (ED) in response to a petition from former Delhi Deputy Chief Minister and Aam Aadmi Party (AAP) leader Manish Sisodia. Sisodia sought a relaxation of the bail condition that mandates him to appear before the investigating officer every Monday and Thursday.
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Kenya's president said Thursday he has cancelled multimillion-dollar airport expansion and energy deals with Indian tycoon Gautam Adani after US bribery and fraud indictments against one of Asia's richest men.
President William Ruto in a state of the nation address said the decision was made based on new information provided by our investigative agencies and partner nations. He didn't specify the United States.
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Asserting that the relationship between India and the US is built on a strong foundation, the White House has expressed confidence that it can navigate the ongoing crisis surrounding bribery charges against Indian billionaire Gautam Adani.
At her daily news conference, White House Press Secretary Karine Jean-Pierre told reporters on Thursday that the administration is aware of the charges against Adani.
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Prime Minister Narendra Modi on Monday (local time) held a bilateral meeting with his Italian counterpart, Giorgia Meloni, on the sidelines of the G20 Summit in Brazil. PM Modi stated that their discussions focused on strengthening ties in defence, security, trade, and technology. He remarked, "India-Italy friendship can greatly contribute to a better planet."
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