Sensex registers good beginning, recoupes over 127 pts
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The Sensex registered a good beginning on Tuesday as it recouped over 127 points after Monday's loss, with Asia providing a positive backdrop amid sustained foreign inflows.
The 30-share index was trading higher by 127.47 points, or 0.43%, at 29,364.62, with all indices led by technology, IT, power and healthcare trading in the green with gains up to 0.79%. The gauge had lost 184.25 points in the previous session.
The NSE Nifty rose by 46.35 points, or 0.51%, to 9,091.55. Retail investors got back to buying and foreign money kept coming in amid a firming Asian trend on renewed optimism for tax reforms in the US. Major players that supported the recovery were Axis Bank, Sun Pharma, Tata Motors, Wipro, HDFC Ltd, Asian Paints, NTPC and ICICI Bank, gaining by up to 1.96%.
Hong Kong's Hang Seng was up by 0.50% while Japan's Nikkei rose 1.07% in early trade on Tuesday. Shanghai Composite, however, shed 0.23%. The US Dow Jones Industrial Average ended 0.22% lower on Monday.
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Fintech firm BharatPe on Tuesday said it has elevated its interim CEO and chief financial officer Nalin Negi as full-time chief executive officer.
Negi was given charge of interim CEO in January 2023 after then CEO Suhail Sameer stepped down from the post.
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Two individuals have been arrested by the Mumbai Crime Branch late on Monday night for allegedly firing shots outside the residence of Bollywood actor Salman Khan in Bandra West on April 14, several media outlets reported.
"Both individuals, who fled Mumbai following the shooting, were apprehended in Bhuj, Gujarat," stated officials, as per news agency ANI. The Mumbai police confirmed that the detained individuals, identified as Vicky Gupta and Sagar Pal from Champaran, Bihar, will be transported to Mumbai for further interrogation.
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Tata Consultancy Services has topped the LinkedIn's latest list of top companies to work for in India, followed by Accenture and Cognizant in the second and third place respectively.
Professional networking platform LinkedIn on Tuesday released the 2024 Top Companies list for India wherein IT companies bagged the top three ranks, while financial services firms dominated the list with 9 out of 25 companies from this sector.
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Shares of Vodafone Idea dropped as much as 3.95 per cent to hit an intraday low of Rs 12.64 per share. The drop comes in reaction to the follow-on public offering (FPO) anchor book, which will open today.
Vodafone Idea shares have plunged 25.19 per cent year-to-date (YTD), but have surged 7 per cent in the past 6 months.
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Srinivas Pallia, who has been a part of Wipro for over three decades, divested all his shares valued at Rs 5 crore in the company approximately a month and a half prior to his appointment as the new chief executive, according to a report by The Economic Times (ET).
Pallia sold his 100,000 Wipro shares through a 'market sale' on February 14 this year, with the transaction being reported to the exchange on February 15. The total transaction amounted to Rs 5.05 crore, the report added. Following the transaction, Pallia's holdings of securities on the BSE were reduced to zero.
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