Indices trade firm, BSE Realty index up 1.5%
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The markets continue to trade firm on sustained buying by investors amid positive global and domestic cues. At 10.10 Am, the Sensex is trading at 25,308 levels up by 80 points and Nifty is trading at 7,548 levels up by 21 points.
The market breadth is positive on the BSE with 1,242 shares advancing and 559 shares declining.
Meanwhile, Overseas investors sold Indian shares worth 34 million rupees on Tuesday, provisional exchange data shows
Barring BSE Power and Consumer Durables indices, all other indices are trading in the positive territory. BSE Realty Index, a gauge for real estate companies, is the largest gainer among sectoral indices, is up 1.5%.
Shares of real estate and infrastructure companies are trading higher by up to 6% after the Reserve Bank of India (RBI) said banks would not have to maintain cash reserve ratio (CRR) or statutory liquidity ratio (SLR) and will not have to meet priority-sector lending targets for funds raised through bonds for extending credit to these sectors.
Among the individual stocks Jaypee Infratech has rallied 7% to Rs 30.85, while IVRCL gained 5% to Rs 24.60 and Puravankara Projects by 4% to Rs 120 on BSE.
DLF, Prestige Estates, Mahindra Lifespace Developers, Oberoi Realty, Godrej Properties, Anant Raj Industries and Sobha Developers are up 2% each.
Sun Pharmaceutical Industries is up 1% after the company announced acquisition of Pharmalucence Inc., by one of its subsidiaries.
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AAP supremo Arvind Kejriwal on Thursday intensified his criticism of the BJP-led central government, accusing it of failing to ensure law and order in Delhi.
Addressing a press conference at party office, Kejriwal said, "There is an atmosphere of fear and insecurity everywhere in Delhi. Women feel unsafe stepping out after 7 pm and parents worry about their daughters going outside."
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The High Court on Thursday refused to ban ISKCON's activities in Bangladesh, a local newspaper reported days after a lawyer was killed in a clash between security personnel and supporters of a Hindu leader arrested on sedition charges.
The lawyer had sought a ban from the high court on the International Society for Krishna Consciousness (ISKCON) after placing some newspaper reports related to the organisation on Wednesday.
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The Manipur government on Thursday announced that classes in schools and colleges in Imphal Valley districts and Jiribam would resume from November 28 after a hiatus of 13 days.
Educational institutes in these districts have remained closed since November 16 after the dead bodies of three women and three children in Jiribam were recovered from the Jiri and Barak rivers in Manipur and Assam respectively.
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Eknath Shinde, who served as chief minister in the outgoing Maharashtra government, is unlikely to accept the post of deputy CM in the new dispensation, his close aide Sanjay Shirsat said on Thursday.
Shirsat, an MLA and spokesperson of the Shiv Sena, however, said Shinde would be a part of the cabinet.
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Dr. Reddy’s announced the launch of Toripalimab in India on Thursday, for patients diagnosed with nasopharyngeal carcinoma (NPC), a rare form of head and neck cancer.
Toripalimab, a New Biological Entity (NBE), is the only immuno-oncology drug approved by regulatory authorities like the USFDA, EMA, and MHRA for treating adults with recurrent or metastatic nasopharyngeal carcinoma (RM-NPC). It is globally recognised for its efficacy in this indication, the Hyderabad-based company said in a statement.
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