BSE Sensex up over 50 points in morning trade
.jpg)
Erasing its initial losses, the benchmark BSE Sensex rose over 50 points in morning trade in Monday. At 10.30 am, Sensex was up 66.12 points at 26,491.42. Nifty was up marginally up 2.55 points at 7,985.45 during the same time.
Earlier, the Sensex fell over 117 points in early trade on continued capital outflows by foreign funds and selling by investors despite improved IIP numbers and steady inflation data. The NSE Nifty shed 38.05 points, or 0.47 per cent, at 7,944.85.
A weak trend at other Asian markets after negotiations between Greece and its creditors broke down dampened sentiment.
Shares of Cairn India today rose 0.50 per cent to Rs 181.65 after the announcement of merger between metal and mining company Vedanta and the oil firm in a USD 2.3 billion all-share deal to create India’s largest diversified natural resources play.
Vedanta Ltd was also trading 0.92 per cent higher at Rs 185.70.
Other Latest News
.webp)
At least nine people were burnt alive and 15 injured when a moving bus caught fire near Tauru in Haryana's Nuh district in the early hours of Saturday, police said.
The incident occurred around 2 am on the Kundli-Manesar-Palwal (KMP) Expressway. The bus was carrying around 60 people, all residents of Punjab's Hoshiarpur and Ludhiana, who were returning from pilgrim towns of Mathura and Vrindavan. All of them are relatives, police said.
.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)
.webp)
.webp)
.webp)
.webp)
