BSE Sensex up over 50 points in morning trade
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The benchmark BSE Sensex opened on a positive note on Tuesday and rose 109.61 points or 0.39 per cent to 27,839.82, taking cue from the global market trend which has shown a steep rise bolstered by hopes that Greece’s latest budget proposals would stave off a debt default and lead to a deal with lenders later this week.
It slipped into red for a bried period in monring trade. At 9.27 am, BSE Sensex was down 4.61 points at 27,725.60. Similarly, Nifty was down 2.25 points at 8350.85 during the same time.
At 9.43 am, Sensex was up 54.86 points at 27,785.07. Similarly, Nifty was up 23.05 points at 8,376.15 during the same time.
On Monday, BSE Sensex surged by 414 points (1.52%) to 27,730.21. In last seven days, the index had gained 1,359.23 points, its longest winning run since February. The NSE Nifty had reclaimed the crucial 8,300-mark.
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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.
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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.
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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.
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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.
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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.
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