Sensex gains 60 points in early trade led by gains in banking stocks
.jpg)
Equity benchmark BSE Sensex rose over 60 points in early trade on Thursday led by gains in banking stocks amid sustained foreign fund inflows.
Besides, easing global crude prices also helped buying sentiment, traders said.
The 30-share index was trading 60.48 points, or 0.16%, higher at 38,659.47 in morning trade. The broader NSE Nifty was trading almost flat up 2 points, or 0.02%, at 11,466.
Top gainers in the Sensex pack included HDFC, ITC, TCS, NTPC, Asian Paint, L&T, IndusInd Bank, HDFC Bank, Axis Bank, SBI and Sun Pharma.
On the other hand, Vedanta, Tata Steel, ONGC, HCL Tech, M&M, TechM and Tata Motors fell up to 1.94%.
In the previous session, the 30-share BSE Sensex ended 92.90 points, or 0.24%, higher at 38,598.99. On similar lines, the broader NSE Nifty rose 35.70 points, or 0.31%, to settle at 11,464.
Foreign institutional investors (FIIs) continued to be net buyers in the capital market, infusing ₹686.33 crore on Wednesday, and domestic institutional investors bought shares worth ₹1,576.73 crore, data available with stock exchange showed.
Elsewhere in Asia, bourses in Hong Kong, Shanghai and Tokyo were trading on a positive note, while those in Seoul were in the red.
The U.S. markets finished modestly lower on Wednesday after a subdued retail sales report.
Brent futures, the global oil benchmark, fell 0.69% to $59.01 per barrel.
The rupee, meanwhile, strengthened by 3 paise against the U.S. dollar to trade at 71.40 in early session.
Other Latest News
.webp)
Shiv Sena (UBT) chief Uddhav Thackeray on Wednesday hit out the BJP, saying that by inducting former Congress leader Ashok Chavan, the ruling party has also become a part of the multi-crore Adarsh Housing Society scam now. Earlier, the BJP used to target Chavan saying the families of martyrs were fooled in the Adarsh scam, but now the same party is involved in fooling them, he alleged.
Thackeray was addressing a press conference at Nanded in Maharashtra, where he arrived to campaign for the Maha Vikas Aghadi (MVA) candidate Vasant Chavan from the Nanded Lok Sabha constituency.
.webp)
Jamie Dimon, the chief executive of US banking giant JPMorgan Chase, has praised Prime Minister Narendra Modi and berated the “liberal press” for criticising him.
Dimon, in a webinar hosted by The Economic Club of New York, praised Modi's government for alleviating poverty and implementing reforms. “Modi has done an unbelievable job in India. I know the liberal press here; they beat the hell out of him. “He has taken 400 million people out of poverty," Dimon was quoted as saying.
.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)
.webp)
.webp)
.webp)
.webp)
