NIfty above 8,400, Sensex up over 100 points in early trade
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The market on Tuesday opened flat with the Nifty above 8400. It traded up 23.65 points or 0.3% at 8415.15 while the Sensex traded up 73.91 points or 0.3% at 27191.25.
Shares such as GAIL, Adani Ports, HDFC Bank and SBI were among top gainers while Bharti, HUL, Infosys, Asian Painrs and Wipro were amongst the losers.
However, at 1012 hours, the BSE Sensex was at 27,238.12, up 120.78 or 0.43% from previous close. The NSE Nifty was up 41 points or 0.49% at 8,431.95 compared to its Monday close.
The Indian rupee opened higher by 12 paise at 68.08 per dollar on Tuesday against previous day's closing of 68.20 per dollar.
As per the market analysts, the rupee is likely to remain range bound within the range of Rs. 68-68.30 against the US dollar.
The dollar slumped to a seven-week low against a currency basket, weighed by concerns about the early days of Donald Trump's administration.
Asian markets were mixed in early trade, taking cues from a weak handover from Wall Street as US President Donald Trump formally withdrew the nation from the Trans-Pacific Partnership (TPP) trade deal.
The Nikkei was down three tenth of a percent in early trade, extending the previous session's declines of more than 1%, while the Korean markets were trading flat with a negative bias. In the US, equities saw a fall, but closed off its session lows, as investors looked for more details regarding Trump's policies, which are largely seen as protectionist.
Banking stocks were among the worst performers, with the sector losing more than 1.2%. The Dow Jones closed over 25 points lower, with Boeing and Mcdonald's contributing the most losses.
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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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