Sensex climbs 120 points ahead of RBI policy meet
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The benchmark Sensex rose almost 120 points in early trade on optimistic buying by investors ahead of RBI policy review scheduled for Wednesday.
Firm Asian cues tracking record closing in the US as worries on Italy's political uncertainty faded, bolstered sentiment.
Rising for the second straight day, the 30-share index was trading higher by 119.88 points, or 0.45%, to 26,468.98, with realty, power, oil and gas, capital goods, PSU and IT stocks leading the gains.
The gauge had gained 118.44 points in the previous session.
The NSE Nifty also gained 45.30 points, or 0.55%, to 8,174.05.
Brokers said that raising of bets by investors and domestic institutional investors ahead of RBI's bi-monthly monetary policy review and a firming trend at other Asian markets added to the positive mood.
Among other Asian markets, Hong Kong's Hang Seng was up 0.75% while Japan's Nikkei surged 0.52% in early trade today. Shanghai Composite too rose 0.08%. The US Dow Jones Industrial Average ended 0.24% higher in yesterday's trade.
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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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