Sensex gains 147 pts as auto leads rally
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Markets remained in better form for the second straight session on Friday, with the Sensex closing over 147 points higher as auto shares zoomed on sustained buying by domestic institutional investors amid the rupee staging a recovery.
The rupee was trading higher by 29 paise at 71.70 (intra-day) against the dollar at the forex market. The domestic unit had hit a fresh life-time low of 72.11 before settling at 71.99 Thursday.
Trading sentiment got a massive lift following the government’s decision to exempt electric vehicles (EVs) and automobiles run on alternative fuels from permit requirements in a bid to boost such vehicles in the country.
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Tripura Chief Minister Manik Saha said on Friday that the state government has undertaken a multi-pronged plan for the development of tourism in Tripura. He said a Memorandum of Understanding (MoU) worth Rs 692 crore has been signed by the Tripura Tourism Department for the construction of ropeways.
Dr Saha made this announcement while addressing the World Tourism Day 2024 programme and felicitation of the unsung heroes of the recent floods in Tripura at Rabindra Shatabarshiki Bhawan.
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A petition has been filed in the High Court of Karnataka, seeking a CBI probe against Chief Minister Siddaramaiah in connection with the alleged MUDA scam.
Advocate Vasant Kumar, representing petitioner activist Snehamayi Krishna on Friday said that they have filed a writ petition and are seeking High Court directions to handover the case to the CBI to carry out a fair investigation in the writ petition.
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About 12 textile companies are set to receive the first set of incentive payment under the production-linked incentive (PLI) scheme.
“Around 40 companies have grounded investment. We had a gestation period till March 2024.We hopethis financial year 10-12 companies will be getting incentive payout (under PLI),” a senior government official said on Friday.
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The Punjab Bharatiya Janata Party (BJP) on Friday confirmed that Sunil Jakhar continues to lead the party in the state, calling rumours of his resignation "totally baseless". Punjab BJP general secretary Anil Sarin confirmed that Jakhar, 70, was leading the party.
The BJP’s reaction followed hours after media reports claimed that Jakhar had reportedly resigned. The news had particularly raised eyebrows in view of the upcoming panchayat elections in the state scheduled for October 15.
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Shares of Vedanta have continued their upward trajectory to hit a new high of Rs 515.85, after gaining 3 per cent on Friday’s intra-day trade, on the BSE.
The stock of the Anil Agarwal-promoted company has rallied 8 per cent in two days, after it announced the schedule of a board meeting to consider the fourth interim dividend for FY25.
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