Sensex jumps 100 points, Nifty kisses 9,900; all eyes on RBI’s rate decision
.jpg)
Sensex and Nifty opened marginally higher on Wednesday, later extended the morning gains in a muted trade activity as the attention of market participants shifts to the outcome of the Reserve Bank of India’s bi-monthly monetary policy. BSE Sensex gained 25 points to open at 31,522.17 points and NSE Nifty too added 25 points to open at 9,884.35 points. Meanwhile, Japanese shares jumped in the early trade on Wednesday led by auto stocks as US demand for cars rose following damage from recent hurricanes. The benchmark Sensex shuttled in the range of 31,457.78-31,619.82 points till the early morning trade while the broader Nifty 50 rose 41 points to hit 9,900.75 points.
Shares of Lupin (up 1.33%), Dr Reddy’s (up 1.75%), Asian Paints (up 1.53%), ITC (up 1.49%), Reliance Industries (up 1.27%), Sun Pharma (up 1.69%) were the top gainers on Sensex today while Bharti Airtel lost over 1%. The stocks of heavyweight companies such as Reliance Industries and ITC contributed the most to the index gains. Collectively these two stocks alone added about 68 points out of 82-point gain in the 30-share barometer Sensex. The rupee turned stronger by 17 paise at 65.33 against the dollar today ahead of the announcement of RBI’s monetary policy review. The rate decision of the six-member monetary policy committee (MPC) is due today.
The three major US stock indexes and the Russell 2000 posted record high closes for the second straight day on Tuesday, helped by gains in airlines and as carmakers rose after strong September vehicle sales. The Dow Jones Industrial Average rose 84.07 points, or 0.37% to close at 22,641.67 points, the S&P 500 gained 5.46 points or 0.22% to 2,534.58 points and the Nasdaq Composite added 15.00 points or 0.23% to 6,531.71 points.
Other Latest News
.webp)
Softbank-backed OYO is set to refile its much-awaited IPO as the global travel tech player is close to finalising its refinancing plans to raise up to $450 million via sale of dollar bonds, sources said.
JP Morgan is the likely lead banker for the refinancing through the sale of dollar bonds at an estimated interest rate of 9 to 10 per cent per annum, a source said.
.webp)
The national capital on Saturday morning recorded a minimum temperature of 27.1 degrees Celsius, 0.6 notch above the season's average, according to the India Meteorological Department (IMD).
On Friday, Delhi witnessed 47.4 degrees Celsius in Najafgarh, making it the hottest place in the country.
.webp)
Shareholders in Nestle India have rejected a company proposal to increase royalty payments to its Swiss parent Nestle, the company said late on Friday.
The motion called for the royalty paid to its parent to climb to 5.25 per cent of net sales, net of taxes, compared to the current level of 4.5 per cent. The increase was proposed at a rate of 0.15 per cent per annum.
.webp)
Shares of Zee Entertainment soared up to 5.2 per cent at Rs 141.65 per share on the BSE in Saturday’s intraday trade. The hike in the stock prices came after the company delivered a turnaround in quarterly growth for the January-March quarter of fiscal year 2023-24 (Q4FY24).
In the March quarter, the company reported a consolidated net profit of Rs 13.35 crore, marking a reversal from a consolidated net loss of Rs 196.03 crore in the same period of the previous fiscal year.
.webp)
A man was arrested from Port Blair in connection with the murder of a TMC leader in Baguiati on the northern fringes of Kolkata, police said on Saturday.
Sanjeev Das, also known as Potla, was killed allegedly in a clash between two factions of the TMC on April 27, they said.
.webp)
.webp)
.webp)
.webp)
.webp)
