Sensex scales 30,000-mark in early trade
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The benchmark Sensex on Tuesday regained the 30,000-mark early on by surging over 76 points after investors built more bets and domestic financial institutions continued buying amid mixed Asian cues.
The 30-share index, which had gained 67.35 points in the previous session, added 76.39 points, or 0.26%, at 30,002.54 on sustained buying activity in early trade.
All sectoral indices led by realty, consumer durables, metal, power, and capital goods were trading in the positive terrain, rising up to 1.96%.
The NSE Nifty too was quoting 24.90 points, or 0.26%, higher at 9,338.95.
Traders said that widening of positions by retail investors coupled with sustained buying by domestic institutional investors kept the bullish sentiment high.
Bucking the trend, shares of Bharti Airtel were down 0.73% to Rs 348.70 ahead of the quarterly earnings to be announced later in the day.
A mixed trend in Asian markets and another record close on Wall Street also influenced trading sentiments here, the traders added.
Hong Kong's Hang Seng rose 0.36%, while Japan's Nikkei shed 0.26% in early trade. Shanghai Composite Index fell 0.03%.
The US Dow Jones Industrial Average ended 0.03% higher on Monday.
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The Supreme Court on Tuesday dismissed a petition seeking to revert to ballot paper voting in elections in the country.
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The Bharatiya Janata Party (BJP) would not rush into announcing its chief ministerial candidate until the distribution of portfolios in the new Maharashtra government is finalised, party sources said on Tuesday.
The indications that the Mahayuti coalition's decision on who would become the next CM would be delayed emerged as the Governor on Tuesday morning asked Eknath Shinde to act as a caretaker chief minister after he tendered his resignation.
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Anurag Agrawal, Dean of Biosciences and Health Research at Ashoka University, in a conversation with Economic Times, has claimed that every resident of Delhi is developing lung damage as deadly smog continues to blanket the Capital city.
Upon being asked how many people will suffer from lung cancer in future because of poor AQI, the Ashoka University dean said that “every Delhi is developing some degree of lung damage.” People who have pre-existing diseases or sensitivity are more serious, but no one is immune to it, he added.
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India's Andhra Pradesh state is reviewing government files and will explore if it is possible to cancel a power supply contract linked to the Adani Group, whose billionaire founder has been indicted in the United States, a top official told Reuters.
US authorities have charged Gautam Adani and seven others with agreeing to pay bribes of $265 million to unnamed Indian government officials to obtain solar power-supply contracts in Odisha, Tamil Nadu, Chhattisgarh, Andhra Pradesh and the federal territory of Jammu and Kashmir, between 2021 and 2022.
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The board of directors of Hindustan Unilever (HUL) on Monday gave an in-principle approval to demerge the ice-cream business into an independent listed entity.
Subject to necessary approvals and procedures, shareholders of HUL will receive shares in the new entity in proportion to their shareholding in the company, HUL said in a release.
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