Sensex rebounds 208 points after Asian cues get going
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MUMBAI: The BSE benchmark Sensex made a promising start by bouncing almost 208 points on Tuesday on widespread gains following fresh buying amid a firm trend in Asian markets.
The 30-share index jumped 207.64 points, or 0.75 per cent, to 27,737.61, with all sectoral indices led by realty, metal and banking making all the right moves.
The gauge had lost 143.63 points on Monday, spooked by muted start to second quarterly earnings and a lacklustre global trend.
The NSE Nifty on Tuesday went up by 55.15 points, or 0.65 per cent, to 8,575.55.
Emergence of buying interest among investors and funds, brokers said, coupled with a firm trend in other regional markets following an unexpected fall in a US manufacturing index boosted sentiment here. A lower industry number means the US Fed may have to tread cautiously on the interest rate front.
Elsewhere, Hong Kong's Hang Seng moved up 0.84 per cent while Shanghai Composite gained 0.48 per cent in early trade on Tuesday. Japan's Nikkei too was up 0.14 per cent.
The US Dow Jones Industrial Average, however, ended 0.29 per cent lower on Monnday.
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Maharashtra Deputy Chief Minister and NCP head Ajit Pawar on Monday said discussions were underway among the Mahayuti partners to finalise a formula for the new government formation in the state.
Speaking to reporters at Karad in Satara district, Pawar also acknowledged the contribution of the government's Ladki Bahin scheme, which provides financial assistance to women, in the Mahayuti's victory in the just-concluded state assembly polls.
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Police have lodged seven FIRs in connection with the violence over a court-ordered survey of a Mughal-era mosque here, naming Samajwadi Party MP Zia-ur-Rehman Barq and local SP MLA Iqbal Mehmood's son Sohail Iqbal as accused, officials said on Monday.
The district administration has already imposed prohibitory orders and barred the entry of outsiders into Sambhal till November 30.
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A day after violence rocked Uttar Pradesh's Sambhal, Leader of Opposition in the Lok Sabha Rahul Gandhi on Monday said the BJP's use of power to create a rift between Hindus and Muslims was neither in the interest of the state nor the country.
He also urged the Supreme Court to intervene in the matter as soon as possible.
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The Karnataka High Court has dismissed a petition seeking quashing of an FIR against two individuals accused of defrauding e-commerce giant Amazon of over Rs 69 lakh.
Justice M Nagaprasanna described the case as an example of modern age crime.
The petitioners, Sourish Bose and Deepanvita Ghosh, had sought to have the FIR and a magistrate court's order taking cognisance of the case set aside.
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India’s Adani Group said it has enough cash flows to service debt obligations, as it sought to reassure creditors after a US bribery probe against founder Gautam Adani triggered a selloff in the conglomerate’s stocks and bonds.
Cash balances exceed long-term debt repayments for the next 28 months, while portfolio level cash balances were at $6.33 billion, the port-to-power conglomerate said in a report for the first six months of the financial year ending March 2025 released Monday.
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