Sensex up 57 pts in early trade ahead of macro data
.jpg)
The benchmark BSE Sensex rose over 57 points in early trade on buying by domestic investors and foreign funds ahead of IIP and inflation data scheduled to be released later in the day amid firm Asian cues.
Also, the NSE Nifty again crossed the 7,700—mark.
The 30—share index was 57.05 points or 0.23 per cent higher at 25,079.21 in early trade with sectoral indices led by consumer durables, oil&gas, healthcare, auto, realty and banking in the positive zone.
The gauge had rallied 348.32 points in Monday’s trade.
The National Stock Exchange’s Nifty regained the crucial 7,700—mark by rising 30.25 points or 0.39 per cent to 7,701.65.
Dealers said widening of positions by participants ahead of key economic data — industrial production (IIP) for February and consumer price index (CPI) for March — to be released after market closing on Tuesday and a firm trend in other Asian bourses influenced sentiment.
Moreover, expectations of a normal monsoon this year, too had a positive impact, they said.
The government on Monday said after two years of deficient rainfall, monsoon this year is expected to be normal.
In regional markets, Japan’s Nikkei was up 1.19 per cent while Hong Kong’s Hang Seng gained 0.26 per in early trade on Tuesday. China’s main Shanghai Composite Index, however, fell by s0.54 per cent.
The US Dow Jones Industrial Average ended 0.12 per cent lower in Monday’s trade.
Other Latest News
.webp)
The Supreme Court on Tuesday dismissed a petition seeking to revert to ballot paper voting in elections in the country.
"What happens is, when you win the election, EVMs (electronic voting machine) are not tampered. When you lose the election, EVMs are tampered (with)," remarked a bench of Justices Vikram Nath and P B Varale.
.webp)
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.
.webp)
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.
.webp)
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.
.webp)
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.
.webp)
.webp)
.webp)
.webp)
.webp)
