Sensex climbs 126 points, Nifty breaches 8,800-mark
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BSE benchmark Sensex surged over 126 points and NSE Nifty reclaimed the 8,800-level in early trade on Friday as domestic investors and foreign funds indulged in sustained buying ahead of key industrial output numbers to be released later in the day.
Besides, better-than-expected earnings by some more companies also fuelled the positive sentiment.
With regards to global cues, firming trend at other Asian bourses, tracking overnight gains on the U.S. markets after President Donald Trump promised to release a much-anticipated plan for tax cuts soon, boosted trading momentum here.
The 30-share Sensex was higher by 126.48 points, or 0.44 per cent, at 28,456.18 with sectoral indices led by banking, metal, capital goods, healthcare and IT trading in the positive zone.
The gauge had gained 39.78 points in Thursday’s trade. The broader NSE Nifty too rose by 44 points, or 0.50 per cent, to 8,822.10.
Brokers said building up of positions by participants ahead of key economic data — industrial production (IIP) for December — to be released after market closing on Friday, had a significant influence on the trading pattern on domestic bourses.
Globally, Japan’s Nikkei climbed 2.36 per cent, while Hong Kong’s Hang Seng moved up 0.51 per in early trade. China’s main Shanghai Composite Index was also up by 0.33 per cent.
The U.S. Dow Jones Industrial Average ended at record high by surging 0.59 per cent in Thursday’s trade.
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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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