Sensex jumps 311 points in early deals
The Hindu
Nifty gains over 80 points
Equity benchmarks started the trade on a firm note on Monday, May 23, 2022 with the Sensex jumping nearly 311 points in early deals, amid mixed trends from Asian markets.
The 30-share BSE benchmark Sensex jumped 310.91 points to 54,637.30. The broader NSE Nifty gained 83.35 points to 16,349.50.
From the Sensex firms, Maruti, M&M, Asian Paints, Titan and Kotak Mahindra Bank were the early gainers.
In contrast, Tata Steel, ITC, Power Grid and Reliance Industries were among the laggards.
Meanwhile, Asian markets in Hong Kong, Shanghai and Tokyo were trading on a mixed note.
Stock markets in the US had ended on a mixed note on Friday.
"US stocks closed mixed on Friday. Asian stocks traded mixed on Monday as investors assess the impact of China’s Covid policies on growth...," said Deepak Jasani, Head of Retail Research, HDFC Securities.
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Supreme Court halts ₹1 lakh crore GST notices to online gaming companies and casinos for alleged tax evasion.
Punjab Government rejects Centre's draft policy on agricultural marketing, citing concerns over private markets and MSP procurement.
CEAMA urges tariff reductions, PLI scheme expansion, and tax rationalization to boost Indian electronics industry competitiveness.
Sensex and Nifty rebounded but fell due to foreign fund outflows, with TCS leading gainers and FIIs selling off equities.
Adani Group to raise ₹7,148 crore by selling stake in Adani Wilmar, focusing on infrastructure business growth.
India's GDP growth rate decline, official estimates questioned, and economic slowdown analysis by experts and academics.
GrayQuest raises ₹80 crore in Series B funding to enhance technology platform and scale distribution in education ecosystem.
L&T chairman sparks outrage advocating 90-hour work week, reigniting work-life balance debate in India.