Markets bounce back in opening session after sharp fall in previous trade
The Hindu
Sensex tanked 709.54 point to settle at 51,822.53 on Wednesday, while Nifty fell 225.50 points to end at 15,413.30
Equity indices made a firm opening on Thursday after falling sharply in the previous trade, with BSE Sensex climbing 239 points amid mixed trends from global markets.
The 30-share BSE Sensex was trading with a gain of 238.73 points at 52,061.26. The NSE Nifty went up by 78.1 points to 15,491.40.
From the Sensex pack, Bharti Airtel, Wipro, Maruti, TCS, Larsen & Toubro and IndusInd Bank were the major gainers in early trade.
On the other hand, Titan, Reliance Industries and Power Grid were the laggards.
Elsewhere in Asia, markets in Tokyo and Seoul were trading lower, while Hong Kong and Shanghai were quoting in the green.
The United States markets ended marginally lower on Wednesday.
"Boosting the sentiment would be a sharp fall in WTI crude oil prices... However, mounting concerns of rising US interest rates, rupee hitting fresh lows and unabated FII selling will continue to keep markets in a volatile mode," said Prashanth Tapse, Vice President (Research), Mehta Equities Ltd.
RBI Governor Shaktikanta Das admitted to hospital for monitoring, no official information available yet.
Fitch puts Adani Group bonds on watch for downgrade after U.S. bribery charges, impacting financial stability and investments.
Google is fighting to beat back another attack by the U.S. Department of Justice alleging monopolistic conduct in its ad tech.
Meta will face trial in April over the U.S. Federal Trade Commission’s allegations that the social media platform bought Instagram and WhatsApp to crush emerging competition.
HUL shareholders to receive shares in new ice cream business entity, subject to approvals, maximizing value for all.
Vedanta launches $500 million bond issue post-Adani crisis, with Citigroup, JPMorgan, Deutsche Bank declining to comment.
USFDA reports Dr Reddy's and Lupin Pharmaceuticals recalling products in the US due to manufacturing issues.
EPF inoperative accounts rise to ₹8,505.23 crore in 2023-24, EPFO to return funds to beneficiaries, awareness campaigns planned.
S&P Global Ratings revises India's economic growth forecast due to high interest rates and lower fiscal impulse.
Indraprastha Gas Ltd raises CNG prices in select cities, while MGL hikes rates in Mumbai post-elections.
Adani group stocks surge on BSE, NSE; clarifies on Kenya deals amid bribery charges, airport project cancellation.