Sensex firms up 61 points on fund inflows
.jpg)
The benchmark BSE Sensex continued its rising trend by gaining over 61 points to 32,386.52 in early trade today on sustained foreign fund inflows amid positive global cues.
The 30-share index rose 61.11 points, or 0.18 %, to 32,386.52. The gauge had gained 87.53 points in the previous session.
Also, the NSE Nifty was quoting 19.10 points or 0.19 % higher at 10,085.50.
Barring IT and teck, all the sectoral indices, led by metal, realty, bank and auto were trading in the positive terrain with gains up to 1.03 %.
Brokers said sentiment remained positive on the back of persistent capital inflows by foreign funds and widening of positions by retail investors.
Among Sensex components, Tata Steel emerged top gainer by surging 2.79 % to Rs 591.55 as participants raised their bets ahead of quarterly earnings numbers.
Other big movers were ICICI Bank, Hero MotoCorp, Coal India, Bajaj Auto,Maruti Suzuki, Tata Motors and Sun Pharma, rising by up to 1.64 %.
Besides, a firm trend in other Asian markets after strong US jobs numbers provided relief to investors too influenced sentiments here.
In the Asian region, Japan's Nikkei rose 0.63 % and Hong Kong's Hang Seng gained 0.28 %, while China's Shanghai Composite Index shed 0.16 %.
The US Dow Jones Industrial Average ended 0.30 % up in Friday's trade.
Other Latest News
.webp)
The Reserve Bank of India (RBI) on Wednesday released a compiled master direction raising the minimum capital requirement for asset reconstruction companies (ARCs) to begin securitization to Rs 300 crore from Rs 100 crore as on October 11, 2022.
The central bank said that the regulation would be effective from April 24, 2024. ARCs, as on October 11, 2022, have been provided a glide path to achieve the minimum required Net Owned Fund (NOF) of Rs 300 crore.
.webp)
Reliance Jio has become the world's largest mobile operator in data traffic consumption, surpassing China Mobile. According to global analytics firm Tefficient, the Indian telecom operator's total traffic reached 40.9 exabytes in the January-March quarter, compared to China Mobile's 38.
Jio also has the second-largest 5G subscriber base globally, with 108 million users. More than 28 per cent of its total wireless data traffic is now consumed by 5G users, said the company in an analyst presentation.
.webp)
Congress leader Rahul Gandhi on Wednesday accused Prime Minister Narendra Modi of waiving off loans worth Rs 16 trillion of his billionaire friends, and said the country will never forgive him for this "crime".
In a post in Hindi on X, he said this money could have been used to cure the pain of Indians but was spent on creating hype for the ilk of those like 'Adanis'.
.webp)
Bharti Airtel is not in talks to buy UK-based Vodafone Group's 21.05 per cent stake in Indus Towers, the Indian telecom operator said on Wednesday, after a newspaper reported that it was eyeing the stake.
The Economic Times said in a report that if the deal went through, Vodafone Group could infuse some of the proceeds into Vodafone Idea, its cash-strapped Indian venture with Aditya Birla Group.
.webp)
Lithium battery and solar panels manufacturer RCRS Innovations Ltd on Tuesday said it has filed draft papers with NSE Emerge to mop-up funds through an initial public offering (IPO) and the proceeds will be used to fund its expansion plan.
The Noida-headquartered company's proposed IPO is a fresh issuance of 48.24 lakh equity shares with a face value of Rs 10 each, according to a statement.
.webp)
.webp)
.webp)
.webp)
.webp)
