Markets climb for fourth day; Sensex rallies 350 points to reclaim 63,000-mark
The Hindu
Rising for the fourth straight session, the 30-share BSE Sensex climbed 350.08 points or 0.56% to settle at 63,142.96
Benchmark equity indices ended with gains on June 7, logging their fourth day of rally amid fresh foreign fund inflows and a mixed trend in global markets.
The gains in metal, realty, oil & gas and industrials stocks also supported the market's rally.
Rising for the fourth straight session, the 30-share BSE Sensex climbed 350.08 points or 0.56% to settle at 63,142.96. During the day, it jumped 403.55 points or 0.64% to 63,196.43.
The NSE Nifty advanced 127.40 points or 0.68% to end at 18,726.40.
From the Sensex pack, Nestle, Tata Steel, Tata Motors, Bharti Airtel, Larsen & Toubro, Power Grid, NTPC, Tata Consultancy Services, Tech Mahindra, Infosys and Axis Bank were the major gainers.
Kotak Mahindra Bank, Maruti, Bajaj Finance, Mahindra & Mahindra and ICICI Bank were the laggards.
In Asian markets, Seoul, Shanghai and Hong Kong ended in the green, while Tokyo settled lower.
Bitcoin’s march toward $100,000 made further ground on Thursday as the coin crossed $95,000.
Billionaire Gautam Adani indicted in New York for bribery and fraud scheme, impacting Adani Group's financial plans.
SEC charges Adani Group chairman with defrauding American investors and bribing officials in multi-billion-dollar solar energy project scheme.
Country Club Hospitality and Holidays Ltd clears ₹600 crore debt, explores global partnerships, franchise model for growth and expansion.
Steel Secretary addresses concerns over cheap steel imports from FTA nations, highlighting challenges faced by domestic industry.
Stock markets in India closed for Maharashtra elections, with a bounce back in domestic indices observed on Tuesday.
The sensor systems for vehicles in India are all imported. Nothing is made in India though they are engineered at a sustainable low cost, said ISRO Chairman S. Somanath.
Donald Trump's proposed tariffs on Chinese imports could impact global trade, inflation, and economic growth.
Evernorth Health Services opens global capability centre in Hyderabad, plans to hire 300 more employees by April.
Tata Power partners with Bhutan's DGPC to develop 5,000 MW clean energy capacity, strengthening regional clean energy sector.
Rupee closes flat against dollar amid geopolitical tensions, domestic market optimism; traders eye upcoming data and elections.