Sensex, Nifty open on positive note on firm global trends, foreign funds inflows
The Hindu
Stock market registered major gains on Friday, July 29
BSE benchmark indices Sensex, Nifty opened on a positive note on Monday tracking firm global trends and fresh foreign fund inflows.
The 30-share BSE benchmark climbed 274.02 points to 57,844.27 and the broader NSE Nifty advanced 86.55 points to 17,244.80 in initial deals.
Among the Sensex constituents, Mahindra & Mahindra, Maruti Suzuki India, Reliance Industries, Power Grid, UltraTech Cement, Dr Reddy's, Wipro and Bharti Airtel were among the lead gainers.
Sun Pharma, IndusInd Bank, Hindustan Unilever and Bajaj Finserv were among the laggards.
In Asia, markets in Seoul, Shanghai and Tokyo were trading higher, while Hong Kong quoted lower.
The United States markets had ended on a higher note on Friday.
"The market will keep an eye on the July auto sales numbers to trickle-in later today, as this would be a likely indication of the health of the macro economy," Prashanth Tapse, Research Analyst, Senior VP (Research), Mehta Equities Ltd, said.
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.
NTPC Green Energy IPO oversubscribed by 93% on day 2, raising ₹3,960 crore for renewable energy projects.
Chief Economic Advisor advises India Inc to focus on productivity, R&D, and quality over reliance on weak currency for exports.
Private telcos lost over 1 crore wireless subscribers in September, while BSNL added 8.5 lakh users, refusing to hike tariffs.
Gautam Adani indictment may become a factor in future negotiations between the Adani Group and Bangladesh, energy experts in Dhaka say