Markets rebound in early trade amid buying in blue-chip stocks
The Hindu
Equity market indices rebound with blue-chip stocks, fund inflows; Sensex climbs 239.33 points, Nifty up by 72.95 points.
Equity market benchmark indices rebounded in early trade on Tuesday (October 22, 2024) amid buying in blue-chip stocks and persistent fund inflows by domestic institutional investors.
After falling in the previous trade, the BSE Sensex bounced back and climbed 239.33 points to 81,390.60 in early trade. The NSE Nifty went up by 72.95 points to 24,854.05.
From the 30 Sensex pack, UltraTech Cement, Titan, Infosys, ICICI Bank, Power Grid, Tech Mahindra, Nestle and Bajaj Finserv were among the biggest gainers.
Tata Steel, Kotak Mahindra Bank, Tata Motors and NTPC were among the laggards.
Domestic Institutional Investors (DIIs) bought equities worth ₹3,225.91 crore on Monday (October 21, 2024), according to exchange data. However, Foreign Institutional Investors (FIIs) offloaded equities worth ₹2,261.83 crore.
In Asian markets, Shanghai and Hong Kong quoted higher while Seoul and Tokyo were trading lower.
The U.S. markets ended on a mixed note on Monday (October 21, 2024).
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.