Sensex gets off to a positive start, recovers 53 points
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After a four-day fall, the benchmark Sensex recovered over 53 points on fresh buying by investors in blue-chip stocks despite a weak trend in Asia.
The 30-share index, which had lost 323.12 points in the previous four sessions, recovered 53.28 points, or 0.20 per cent, at 26,427.98.
All the sectoral indices, led by realty, IT and consumer durables, were trading positive, giving the sentiment a lift.
The NSE index Nifty was also trading higher 16.30 points, or 0.20 per cent, at 8,120.65.
Brokers said mood turned buoyant, bolstered by a flurry of buying.
They said, however, a weak trend in Asian shares ahead of Bank of Japan’s last policy meeting for this year restricted the rise.
Hong Kong’s Hang Seng was down 0.18 per cent and Japan’s Nikkei fell 0.03 per cent while Shanghai Composite shed 0.69 per cent in early trade today.
The Dow Jones Industrial Average, however, ended 0.20 per cent higher yesterday.
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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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