BSE Sensex up 49 pts in early trade on fund inflows, reform hopes
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Rising for the sixth consecutive session, the benchmark BSE Sensex gained over 49 points in early trade today on sustained foreign capital inflows amidst hopes of more reforms by the government.
The 30-share index, which had gained over 851.71 points in the previous five sessions after the government announced reforms in oil & gas and coal sectors, rose by 49.33 points, or 0.18 per cent, to 26,900.38 with power, PSU, capital goods, healthcare and banking stocks leading the rise.
The NSE Nifty also edged higher by 19.30 points, or 0.24 per cent, to 8,033.85.
Stock markets remained closed on Friday on account of "Balipratipada".
Brokers said sentiments remained upbeat on expectations that the government would announce more reforms amidst hopes of strong earnings from some more bluechip companies.
Besides, a mixed trend at other Asian bourses influenced trading sentiments, they said.
Among other Asian markets, Japan's Nikkei rose 0.74 per cent, while Hong Kong's Hang Seng shed 0.77 per cent in early trade today.
The US Dow Jones Industrial Average closed 0.76 per cent higher in Friday's trade.
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A significant chapter in Indian politics unfolded today as Congress leader Priyanka Gandhi Vadra took oath as a member of Parliament, marking her electoral debut. This event also saw the oath-taking of party leader Ravindra Vasantrao Chavan, strengthening Congress’s presence in the Lok Sabha.
For the first time in decades, all three members of the Nehru-Gandhi family — Sonia, Rahul, and Priyanka — are now officially members of Parliament. Priyanka Gandhi, accompanied by her mother Sonia Gandhi, was joined by her brother, Rahul Gandhi, the Leader of Opposition, and her husband, Robert Vadra, for the special occasion.
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For Samsung Group, this has been a year of milestones. First, a rare public apology from its flagship Samsung Electronics Co., followed by a bumper share buyback. And now, South Korea’s biggest conglomerate has named a woman that’s not member of its founding family as chief executive officer of a group company for the first time in its 86 years.
In a country where women business leaders have long struggled to make inroads into corporate boards and C-suites, the appointment of Kim Kyung-Ah as president and CEO of Samsung Bioepis Co. is a story likely to inspire the next generation of executives.
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As cyclone 'Fengal' approaches Tamil Nadu, several parts of the capital Chennai will face a five-our power cut on Wednesday and Thursday, i.e., November 27 and 28 due to the maintenance work.
The power cut in Chennai will take place between 9 a.m. to 2 p.m., said a report by dtnext.in, adding that it may be restored if the maintenance work is completed.
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Oil producers in Canada and Mexico will likely be forced to reduce prices and divert supply to Asia if US President-elect Donald Trump imposes 25 per cent import tariffs on crude imports from the two countries, traders and analysts said.
Two sources familiar with Trump's plan told Reuters that oil would not be exempted from potential tariff hikes on imports from Canada and Mexico even as the US oil industry has warned the policy could hurt consumers, industry and national security.
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Congress leaders from Wayanad handed over the election certificate of the parliamentary by-election to party general secretary Priyanka Gandhi Vadra in the presence of Rahul Gandhi here on Wednesday.
Sources said Priyanka Gandhi is likely to take oath in the Lok Sabha on Thursday.
Leaders from Wayanad handed over the election certificate of the Wayanad parliamentary by-election to Priyanka Gandhi and conveyed their best wishes.
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