Sensex rise in early trade, Nifty reclaims 10,000 mark; Religare stocks shine
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Key indices on Tuesday opened in green. In opening trade, the 30-share BSE Sensex was up 82.94 points at 31,929.83 and the 50-share NSE Nifty gained 23.75 points at 10,012.50.
At 10:54 AM, Sensx was in green with 93.82 points, up by 0.29% to reach at 31,940.71. Nifty on the other hand had reclaimed it 10,000 mark and was trading with 23.95 points at 10,017.25.
Shares of insurance firm, Religare were among the top gainers. While PC jewellers' stocks loose their sheen to be among the top losers.
Stock of India's second-largest IT firm Infosys went up by 1.23 percent to Rs 935 after the company said it has fixed November 1, 2017, as the record date for its up to Rs 13,000- crore share buyback programme.
Meanwhile, the rupee appreciated by 11 paise to 65.25 against the dollar on Tuesday as rising risk appetite pushed back the US currency amid a higher opening in domestic equities.
The risk-on approach pushed exporters and banks increasingly away from the dollar.
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Fintech firm BharatPe on Tuesday said it has elevated its interim CEO and chief financial officer Nalin Negi as full-time chief executive officer.
Negi was given charge of interim CEO in January 2023 after then CEO Suhail Sameer stepped down from the post.
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Two individuals have been arrested by the Mumbai Crime Branch late on Monday night for allegedly firing shots outside the residence of Bollywood actor Salman Khan in Bandra West on April 14, several media outlets reported.
"Both individuals, who fled Mumbai following the shooting, were apprehended in Bhuj, Gujarat," stated officials, as per news agency ANI. The Mumbai police confirmed that the detained individuals, identified as Vicky Gupta and Sagar Pal from Champaran, Bihar, will be transported to Mumbai for further interrogation.
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Tata Consultancy Services has topped the LinkedIn's latest list of top companies to work for in India, followed by Accenture and Cognizant in the second and third place respectively.
Professional networking platform LinkedIn on Tuesday released the 2024 Top Companies list for India wherein IT companies bagged the top three ranks, while financial services firms dominated the list with 9 out of 25 companies from this sector.
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Shares of Vodafone Idea dropped as much as 3.95 per cent to hit an intraday low of Rs 12.64 per share. The drop comes in reaction to the follow-on public offering (FPO) anchor book, which will open today.
Vodafone Idea shares have plunged 25.19 per cent year-to-date (YTD), but have surged 7 per cent in the past 6 months.
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Srinivas Pallia, who has been a part of Wipro for over three decades, divested all his shares valued at Rs 5 crore in the company approximately a month and a half prior to his appointment as the new chief executive, according to a report by The Economic Times (ET).
Pallia sold his 100,000 Wipro shares through a 'market sale' on February 14 this year, with the transaction being reported to the exchange on February 15. The total transaction amounted to Rs 5.05 crore, the report added. Following the transaction, Pallia's holdings of securities on the BSE were reduced to zero.
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