Sensex pops above 25k mark, jumps 145 points on Asian leads
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The benchmark BSE Sensex regained the 25,000-mark by surging over 145 points in early session on Monday, mostly driven by widespread buying by investors as well as foreign funds amid firm Asian cues.
The 30-share index surged 145.45 points, or 0.58 per cent, to 25,098.19 points with all sectoral indices led by consumer durables, FMCG, banking and realty, trading in the positive zone, rising by up to 1.65 per cent.
The gauge gained 275.37 points in the previous session on Friday as foreign funds continued to pump in money amid a firm global trend on the dovish stance of the US Federal Reserve.
On similar lines, the NSE Nifty was trading 34 points, or 0.44 per cent, higher at 7,638.35.
Brokers said continued buying by investors and inflows by foreign funds, coupled with a firm trend at other Asian markets, helped market mood improve.
Among other Asian markets, Hong Kong’s Hang Seng was up by 0.26 per cent in early trade on Monday while Japanese financial markets are closed for a public holiday.
The Shanghai Composite index was quoting 1.96 per cent higher in initial hours.
The US Dow Jones Industrial Average ended 0.69 per cent higher in Friday’s trade.
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The Supreme Court on Tuesday dismissed a petition seeking to revert to ballot paper voting in elections in the country.
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The Bharatiya Janata Party (BJP) would not rush into announcing its chief ministerial candidate until the distribution of portfolios in the new Maharashtra government is finalised, party sources said on Tuesday.
The indications that the Mahayuti coalition's decision on who would become the next CM would be delayed emerged as the Governor on Tuesday morning asked Eknath Shinde to act as a caretaker chief minister after he tendered his resignation.
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Anurag Agrawal, Dean of Biosciences and Health Research at Ashoka University, in a conversation with Economic Times, has claimed that every resident of Delhi is developing lung damage as deadly smog continues to blanket the Capital city.
Upon being asked how many people will suffer from lung cancer in future because of poor AQI, the Ashoka University dean said that “every Delhi is developing some degree of lung damage.” People who have pre-existing diseases or sensitivity are more serious, but no one is immune to it, he added.
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India's Andhra Pradesh state is reviewing government files and will explore if it is possible to cancel a power supply contract linked to the Adani Group, whose billionaire founder has been indicted in the United States, a top official told Reuters.
US authorities have charged Gautam Adani and seven others with agreeing to pay bribes of $265 million to unnamed Indian government officials to obtain solar power-supply contracts in Odisha, Tamil Nadu, Chhattisgarh, Andhra Pradesh and the federal territory of Jammu and Kashmir, between 2021 and 2022.
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The board of directors of Hindustan Unilever (HUL) on Monday gave an in-principle approval to demerge the ice-cream business into an independent listed entity.
Subject to necessary approvals and procedures, shareholders of HUL will receive shares in the new entity in proportion to their shareholding in the company, HUL said in a release.
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