Sensex bounces 58 points on fresh buying
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MUMBAI: The BSE Sensex recovered by 58 points in early trade on Tuesday on fresh buying by investors and foreign funds on hopes of passage of the GST bill in Rajya Sabha amid mixed global cues.
The 30-share index rose 58.07 points or 0.20% to 27,804.73 with the sectoral indices led by metal, realty, oil&gas, auto and healthcare, rising by up to 0.68%.
The NSE Nifty also moved up by 17.25 points or 0.20% to 8,525.95.
Brokers said a stronger possibility of passage of the deadlocked GST Bill in Rajya Sabha and a mixed trend in other Asian markets following another record high closing in the US, influenced sentiment here.
Japan's Nikkei went up by 0.47% while Hong Kong's Hang Seng was down 0.63% in early trade. Shanghai Composite index shed 0.57 points in early trade today.
The US Dow Jones Industrial Average ended 0.09% higher in yesterday'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.
"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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