Sensex rises over 160 points in early trade on global cues, exit polls
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The benchmark BSE Sensex rallied over 167 points to 25,820.45 and the NSE Nifty regained the 7,900-mark in cautious trade on Tuesday amid firm global cues.
The 30-share index rose 167.22 points or 0.42% to 26,415.52. The gauge had gained 163.66 points in the previous session.
Also, the NSE Nifty regained the 7,900-mark by rising 51.05 points or 0.65% to 7,911.80.
All the sectoral indices, led by oil&gas, realty and IT, were trading in the positive terrain with gains up to 1.42%.
Brokers said sentiment remained positive following exit polls at the end of polling in Assam, West Bengal, Tamil Nadu, Kerala and Union Territory of Puducherry showed BJP winning Assam elections for the first time.
Besides, a firm trend in other Asian markets and overnight gains in the US too had a positive impact on domestic markets.
Among other Asian markets, Japan's Nikkei index was up 0.90% while Hong Kong's Hang Seng index rose 0.40% in morning trade.
The US Dow Jones Industrial Average ended 1% up in Monday’s trade.
At 1056 hours, the benchmark index BSE Sensex was trading at 25,804.91 points, up 151.68 points or 0.59%. Whereas Nifty was trading at 7,905.20 points, up 44.45 points or 0.57%.
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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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