Sensex opens at new 52-week high, Nifty climbs over 8,900-mark
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Sensex, on Thursday, opened at 29132.58, higher than yesterday's close at 28,984.49. It was up by over 148.09 points a few minutes into trading.
The Nifty, which had closed at 8,945.80 points climbed 41.90 points 8,987.70.
On Wednesday, a monthly Purchasing Managers' Index (PMI) survey showed that India's manufacturing sector grew to 50.7, for the second straight month in February which kept investor's sentiments buoyed. Meanwhile, US President Donald Trump, in his address to the Congress, took a more measured tone, saying he is open to immigration reforms. Robust GDP data for the December quarter allayed market fears as the Sensex yesterday rallied over 241 points to end at about a six-month high of 28,985 amid firm global cues. The impact was such that even the broader NSE Nifty took back the 8,900-mark.
All the sectoral indices, led by metal, auto, oil & gas and consumer durables, were trading in positive zone with gains of up to 1.33%.
Among other Asian markets, Hong Kong's Hang Seng was up 0.34%, while Japan's Nikkei rose 1.29% in early trade today. Shanghai Composite Index too gained 0.11%. The US Dow Jones Industrial Average ended 1.46% higher in Wednesday's trade.
Other Latest News
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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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