Sensex extends gains by 117 points, Nifty tests 7950-level
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The benchmark BSE Sensex firmed up further by 117 points in late morning trade on sustained buying in consumer durables, healthcare, IT, and energy stocks.
The Sensex opened higher at 25,815.43 and hovered in a range of 25,954.81 points to 25,803.19 points in morning trade. At 1145 hrs, the 30-share barometer was higher by 117 points, or 0.46%, at 25,924.80 points with 24 of the index constituents trading in the green.
The 50-share Nifty also managed to touch 7,950 level with gains of 42.95 points, or 0.54%, at 7,951.20 points. The NSE 50-share Nifty was also up by 35.70 points, or 0.45%, at 7,943.95 at 1145 hrs.
Major gainers were, Cipla by 1.90%, Lupin 1.86%, TCS 1.43% , Adani Ports 1.31%, Sun Pharma 1.12% and Wipro 0.91%. However, Bharti Airtel fell by 1.03%, HDFC 0.67% and HeroMoto Corp 0.65%.
Meanwhile, foreign funds sold shares worth Rs 1,095.04 crore on Monday, as per the provisional data. Overseas, Asian stocks were trading mixed, in thin trade and with little to guide them as most major markets were closed yesterday for Christmas holidays.
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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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