Sensex rises over 160 points in early trade on global cues, exit polls
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The benchmark BSE Sensex rallied over 167 points to 25,820.45 and the NSE Nifty regained the 7,900-mark in cautious trade on Tuesday amid firm global cues.
The 30-share index rose 167.22 points or 0.42% to 26,415.52. The gauge had gained 163.66 points in the previous session.
Also, the NSE Nifty regained the 7,900-mark by rising 51.05 points or 0.65% to 7,911.80.
All the sectoral indices, led by oil&gas, realty and IT, were trading in the positive terrain with gains up to 1.42%.
Brokers said sentiment remained positive following exit polls at the end of polling in Assam, West Bengal, Tamil Nadu, Kerala and Union Territory of Puducherry showed BJP winning Assam elections for the first time.
Besides, a firm trend in other Asian markets and overnight gains in the US too had a positive impact on domestic markets.
Among other Asian markets, Japan's Nikkei index was up 0.90% while Hong Kong's Hang Seng index rose 0.40% in morning trade.
The US Dow Jones Industrial Average ended 1% up in Monday’s trade.
At 1056 hours, the benchmark index BSE Sensex was trading at 25,804.91 points, up 151.68 points or 0.59%. Whereas Nifty was trading at 7,905.20 points, up 44.45 points or 0.57%.
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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.
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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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