Sensex up 108 points 207 points on positive Asian cues
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The BSE Sensex climbed over 207 points to trade at 26,797.79 and the NSE Nifty recaptured the 8,100-mark in early trade on Wednesday, with increased buying by participants leading to across-the-board gains amid positive Asian cues. However, at 1044 hours, the index was down to 26,698.40, 107.81 points up or 0.41% higher, as all sectoral indices, led by auto, realty and metal, were trading in the positive zone with gains of up to 1.36%. The gauge had gained 31.44 points in the previous choppy session.
Asian shares rallied on Wednesday with Japanese stocks leading the way, while investors' bigger risk appetite pushed up US debt yields and lifted the dollar.
On similar lines, the NSE Nifty reclaimed the 8,100-level by rising 48.80 points, or 0.61%, to 8,109.50.
Brokers said a firming trend at other Asian markets following a strong closing in US markets buoyed trading sentiment here.
Besides, value-buying in recently battered bluechips too supported the rise, they said.
Among other Asian markets, Hong Kong's Hang Seng was up 3.10% while Japan's Nikkei gained 2.42% in early trade on Wedneday. Shanghai Composite index up 2.58%.
The US Dow Jones Industrial Average ended 0.50% higher on Tuesday's trade.
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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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A man was arrested from Port Blair in connection with the murder of a TMC leader in Baguiati on the northern fringes of Kolkata, police said on Saturday.
Sanjeev Das, also known as Potla, was killed allegedly in a clash between two factions of the TMC on April 27, they said.
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