BSE Sensex gains over 120 pts; Nifty gains over 20 pts
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Continuing its winning streak for the fourth straight session, the benchmark BSE Sensex surged over 120 points in late morning trade today on sustained buying by investors in blue-chip stocks amid a firming trend in Asian markets ahead of US Fed policy announcement.
At 11:10 am BSE Sensex traded 122.16 points up to 26808.67. NSE Nifty gained 25.90 to 8073.20.
The 30-share barometer rose 170.86 points, or 0.64 per cent, to 26,857.37. The gauge had gained 315.53 points in the past three straight sessions.
Stocks of Hind Unilever, Tata Steel, Cipla, Infosys, Coal India, Dr Reddy’s, HDFC, Hero MotoCorp, Wipro, Bharti Airtel, TCS and Sun Pharma were trading in the positive zone with gains up to 2.31 per cent.
The NSE Nifty too advanced 45.25 points, or 0.56 per cent, to trade at 8,092.5.
Brokers said continued buying by investors following reports of above-normal progress in monsoon so far and narrowing of trade deficit to a three-month low in May lifted market sentiment.
A firming trend in other Asian markets, tracking overnight gains in US markets ahead of an outcome of Federal Reserve policy meet, too supported the upside in the domestic markets here, they said.
Among other Asian markets, Japan’s Nikkei was up by 0.24 per cent while Hong Kong’s Hang Seng rose 0.32 per cent in early trade today.
The US Dow Jones Industrial Average ended 0.64 per cent higher in yesterday’s trade.
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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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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.
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