Sensex jumps over 600 points in early trade
The Hindu
Markets bounce back after 4-day decline.
Benchmark indices rebounded on Thursday, June 16, 2022, after a four-day decline, with the Sensex rallying over 600 points in early trade, tracking firm global trends and buying in index major Reliance Industries.
The BSE benchmark was trading with a jump of 601.11 points at 53,142.50. The Nifty rallied 171 points to 15,863.15.
From the Sensex pack, Reliance Industries, Maruti, ICICI Bank, ITC, HDFC and State Bank of India were the major gainers in early deals.
On the other hand, PowerGrid, Bharti Airtel and Nestle were the laggards.
Elsewhere in Asia, markets in Tokyo, Seoul and Shanghai were trading in the green, while Hong Kong quoted marginally lower.
Stock exchanges in the US ended with sharp gains in the overnight session on Wednesday.
Meanwhile, international oil benchmark Brent crude gained 0.68 per cent to USD 119.32 per barrel.
Mumbai police investigate embezzlement of ₹122 crore from New India Cooperative Bank, leading to RBI restrictions and board supersession.
Taiwan's top tech official emphasizes the need for global semiconductor industry division of labor, not monopolization.
Cupid Ltd reports increased profits, appoints new Chairman, and expands market presence with new products and manufacturing facility.
Lok Sabha committee, led by BJP's Baijayant Jay Panda, to examine Income-Tax Bill 2025 with 31 MPs.
SEBI rejects Gaekwad's plea for competing open offer, solidifying Burman Group's acquisition bid for Religare Enterprises.
Mahindra & Mahindra's electric SUVs XEV 9e and BE 6 receive 30,179 bookings worth ₹8,472 crore on opening day.
Maxivision Group acquires Ojas Eye Hospitals in Mumbai to expand operations in Maharashtra with Rs.500 crore investment.
Markets tumble as Sensex and Nifty decline, with investors wary of foreign fund outflows and muted earnings.
Johnson & Johnson introduces TECNIS PureSee IOL for presbyopia in India, offering high-quality vision and reduced visual symptoms.
PMI Electro Mobility raises ₹250 crore for electric buses, accelerating growth plans with consortium investment.
India's wholesale price inflation slightly eased to 2.31% in January, driven by food and manufactured costs, with fuel prices in deflation.
AI could one day allow people to continue conversations with their loved ones after their death, said Sebastian Thrun, founder of Google X.
India considering liberalized air service agreement with Singapore, potentially allowing more flights and airport access.