On day AAP creates history in Delhi, BSE Sensex surprises with surge, closes up by 128 pts
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Snapping a seven-day losing streak, the benchmark BSE Sensex today rose over 128 points on value-based buying in auto, banking and metal shares on a day when the Bharatiya Janata Party (BJP) was trounced by Arvind Kejriwal-led Aam Aadmi Party (AAP) in Delhi assembly elections.
A positive macro-outlook also helped the market ended the day in green, brokers said.
Tata Motors surged about 4 per cent, logging the best gains among 30 Sensex constituents. It was followed by ICICI Bank with a rise of over 3 per cent.
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Prime Minister Narendra Modi on Tuesday said his government was not only committed to its 'Act East' policy but was resolved to 'Act Fast' for the eight northeastern states, which he described as India's 'Ashtalakshmi' -- representing the multifaceted nature of prosperity, wealth, and auspiciousness.
Asserting that tourism was the mainstay of Sikkim's economy, Modi said his government's focus is on boosting the state's connectivity, which would increase tourist inflow.
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United Nations General Secretary Antonio Guterres on Monday called for the immediate restoration of free navigation through the Strait of Hormuz, stressing that uninterrupted maritime movement is critical for global trade and economic stability amid rising tensions in the Gulf region.
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The Enforcement Directorate has attached fresh assets worth ₹3,034 crore as part of its ongoing money laundering probe against the Reliance Anil Ambani Group (RAAG) companies, sources said.
The sources said the attached properties belong to Reliance Communications (RCOM) and Reliance Infrastructure Ltd. (R-Infra).
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AAP leader Manish Sisodia on Tuesday wrote a letter to Delhi High Court Justice Swarana Kanta Sharma, saying that he will also not pursue his matter in the excise case in her court.
This comes a day after party chief Arvind Kejriwal similarly decided to neither appear in person or appoint any lawyer for his case in Justice Sharma's court.
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Donald Trump is unhappy with Iran’s latest proposal to resolve the two-month war, a US official said, dampening hopes for a breakthrough in a conflict that has disrupted energy supplies, fuelled inflation and killed thousands.
The proposal from Iran seeks to set aside discussions on its nuclear programme until after the war ends and disputes over Gulf shipping are resolved.
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