Sensex extends rally to eighth day; Nifty falls marginally after hitting record level
The Hindu
BSE Sensex rises 8th day, Nifty ends marginally lower after hitting all-time high. FIIs buy equities worth ₹1,473.09 cr. Global markets mixed; Brent crude up 0.74%. BSE Sensex regains 67,000 level, Nifty hits 20,000 mark for first time.
The BSE Sensex extended its rally for the eighth day running on September 12, while Nifty ended marginally lower after scaling its fresh all-time high level amid mixed global market trends.
The 30-share BSE Sensex climbed 94.05 points or 0.14% to settle at 67,221.13. During the day, it jumped 412.02 points or 0.61% to 67,539.10.
The Nifty, however, pared all its gains and ended marginally lower by 3.15 points or 0.02% at 19,993.20 in a volatile trade. During the day, it climbed 114 points or 0.57% to hit its all-time high of 20,110.35.
Among the Sensex firms, Tata Consultancy Services, Larsen & Toubro, Infosys, UltraTech Cement, ICICI Bank, Nestle, ITC and Sun Pharma were the major gainers.
Power Grid, NTPC, Tata Motors, Tata Steel, Mahindra & Mahindra and Reliance Industries were among the laggards.
In Asian markets, Tokyo settled in the green while Seoul, Shanghai and Hong Kong ended lower.
European markets were trading on a mixed note. The U.S. stocks ended in positive territory on Monday.
Rupee trading in narrow range as U.S. dollar strengthens, Brent oil rises amid Ukraine-Russia conflict, FIIs sell equities.
Billionaire Gautam Adani indicted in U.S. for fraud and bribery, facing charges of defrauding American investors.
Air India has signed an agreement with Bengaluru Airport City Limited (BACL), a subsidiary of Bangalore International Airport Limited (BIAL), to develop a built-to-suit facility for the AME program that will feature modern classrooms, well-equipped laboratories for practical training and a team of qualified trainers.
Zepto raises $350 million in largest domestic fundraise in India, backed by leading financial institutions and notable individuals.
Adani Enterprises Ltd stock dips on NSE and BSE after Kenyan project cancellations and U.S. court allegations.
HSBC Flash India PMI shows uptick in private sector activity, with rising cost pressures and increased prices for customers.
Rupee rises slightly against US dollar amid geopolitical pressures, foreign outflows, and domestic equities; Brent oil surges.
Sensex and Nifty rebound in early trade driven by value buying, bank stock rally, and positive global cues.
The pandemic-induced downturn marked a turning point for cab drivers in Bengaluru. According to Tanveer Pasha, president, Ola and Uber Drivers’ Association, the number of active cabs in the city has dropped from over 1 lakh before the pandemic to just around 30,000 today.
Amazon will likely face an EU investigation next year into whether it favours its own brand products, said sources.
White House addresses bribery charges against Indian billionaire Adani, expresses confidence in U.S.-India relationship.