Markets bounce back in early trade after 6 days of fall
The Hindu
Equity mkt rebounds in early trade; Sensex up 411 pts; Asian mkt in green; US GDP growth surprises; Fed hawkish; Brent crude up; FIIs offload equities.
Equity benchmark indices rebounded in early trade on October 27 after facing massive drubbing of late amid recovery in Asian markets.
The 30-share BSE Sensex jumped 411.17 points to 63,559.32 in early trade. The Nifty climbed 115.9 points to 18,973.15.
Among the Sensex firms, NTPC, Mahindra & Mahindra, State Bank of India, Infosys and Maruti were the major gainers.
Asian Paints emerged as the only laggard from the pack.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading in the positive territory.
The U.S. markets ended lower on October 26.
The European Central Bank left interest rates unchanged on October 26 for the first time in over a year.
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Indian rupee weakens to 86.47 against the U.S. dollar due to strong dollar, FII outflows, and cautious market sentiment.
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VuNet Systems secures ₹60 crore in Series B funding to expand globally and enhance business journey observability with AI.
Barclays anticipates FY25-26 Union Budget to focus on supporting growth through personal income tax cuts and fiscal consolidation.
NRAI to approach CCI over Zomato and Swiggy's "private labelling" and quick commerce, citing anti-competitive practices and data masking.
Former RBI Governor Subbarao urges NDA 3.0 government to implement structural reforms in budget for growth and job creation.
Walmart partners with Indian startups for innovative solutions to enhance U.S. supply chain efficiency and sustainability.
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