LIVE: BSE Sensex soars over 250 points; NSE Nifty up over 70 points
.jpg)
Recovering from nearly 8-month lows, the benchmark BSE Sensex gained over 250 points in late morning trade today, snapping its 6-session losing streak, on the back of a rebound in blue-chip stocks following value buying and positive cues from other Asian markets.
At 11:40 am, BSE Sensex rose 257.79 points or 0.97 per cent to 26739.04. NSE Nifty rose 72.10 points or 0.90 per cent to 8094.50.
At 10:30 am, BSE Sensex rose 293.87 points or 1.11 per cent to 26775.12. NSE Nifty rose 74.55 points or 0.93 per cent to 8096.95.
The mood also brightened after MSCI deferred inclusion of China A stocks to its benchmark indices, rather choosing to sort out regulatory issues, which triggered buying by foreign funds.
The 30-share index, which had lost 1,367.74 points in the previous six straight sessions due to RBI’s cautious stance on inflation and revival, and the spectre of drought, recouped 236.54 points, or 0.89 per cent, at 26,717.79.
Buying in stocks of realty, consumer durables, capital goods, healthcare and banking boosted trading sentiment.
Also, the NSE Nifty pulled back 71 points, or 0.89 per cent, at 8,093.40.
Brokers said value-based buying in blue-chips after recent losses amid a firming trend in other Asian markets helped.
Among other Asian markets, Hong Kong’s Hang Seng was up by 0.23 per cent while Japan’s Nikkei gained 0.38 per cent in early trade.
The US Dow Jones Industrial Average, however, ended 0.01 per cent lower in yesterday’s trade.
Other Latest News
.webp)
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.
.webp)
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.
.webp)
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.
.webp)
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.
.webp)
The Enforcement Directorate on Wednesday conducted searches at multiple locations in Delhi and adjoining areas as part of an alleged bank loan fraud linked money laundering probe against former promoters of liquidated dairy major Kwality Ltd, official sources said.
About a dozen places are being raided under the provisions of the Prevention of Money Laundering Act (PMLA), the sources said.
.webp)
.webp)
.webp)
.webp)
.webp)
