BSE Sensex above 28,000 level, Nifty trading above 8,450
.jpg)
The benchmark Sensex that rose over 95 points in early trade on Thursday went into negative zone for a brief period but later recovered and was trading over 50 points up at around 10.26 am.
At 10.26 am, Sensex ws trading 54.51 points up at 28,075.38. Similarly, Nifty was up 13.40 points at 8,466.45 during the same time.
At 9.22 am, Sensex was down 22.14 points at 27,998.73. Nifty was down 0.45 points at 8,452.60.
Brokers said continued buying by participants, backed up by a solid trend at other Asian markets on hopes of an agreement over Greece, and overnight gains in US markets on strong economic data lifted trading sentiment.
A stronger global market driven by hopes of a Greece deal kept up the pace.
The 30-share index, which had gained 375.72 points in the past two sessions, gained another 95.09 points, or 0.33 per cent, at 28,115.96.
All the sectoral indices led by FMCG, healthcare and oil & gas were in the positive terrain.
On similar lines, the 50-share Nifty moved up 24.45 points, or 0.28 per cent, to 8,477.50.
Besides, revival of buying by foreign funds after remaining sellers for several sessions supported the upside, they said.
Among other Asian markets, Hong Kong’s Hang Seng index rose 0.41 per cent while Japan’s Nikkei was trading 1.16 per cent higher in early trade.
The US Dow Jones Industrial Average ended 0.79 per cent higher in Wednesday’s trade.
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)
