Sensex rallies 317 points on FBI reprieve for Hillary Clinton
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MUMBAI: Reversing its five-day losing streak, the benchmark Sensex surged 317 points and the NSE Nifty reclaimed the 8,500-mark today amid positive developments on US election front as the FBI said Hillary Clinton would not face charges over her use of a private email server.
Short-covering of bets by speculators also supported the upmove.
The 30-share index, which had lost 667.36 points in the previous five sessions, rallied by 317 points, or 1.16 per cent, at 27,591.15.
All the sectoral indices, led by healthcare, metal and realty stocks were trading in positive zone, giving the sentiment a lift.
The NSE index Nifty was also trading higher 102.10 points, or 1.21 per cent, at 8,535.85.
Brokers said the mood turned buoyant, bolstered by a flurry of buying following a firming trend in global markets after the FBI said market-favourite Hillary Clinton would not face criminal charges over her use of a private email server, easing worries over her US presidential bid.
Hong Kong's Hang Seng was up 0.56 per cent, Japan's Nikkei gained 1.36 per cent while Shanghai Composite index edged higher 0.22 per cent in early trade today.
The US stocks futures were higher 1.1 today ahead of Monday's market opening.
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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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