Sensex, Nifty rally in early trade on buying in blue-chip stocks, firm global peers
The Hindu
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Benchmark indices Sensex and Nifty rallied in early trade on Tuesday (December 3, 2024) amid buying in blue-chip stocks like HDFC Bank and State Bank of India and firm trends in global markets.
The BSE benchmark Sensex climbed 300.98 points to 80,549.06 in early trade. The NSE Nifty went up by 101.85 points to 24,377.90.
From the 30-share Sensex pack, Adani Ports, State Bank of India, HDFC Bank, JSW Steel, IndusInd Bank, Bajaj Finance and JSW Steel were the biggest gainers.
ITC, Bharti Airtel, Sun Pharma and Power Grid were among the laggards.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading higher.
US markets ended mostly in the positive territory on Monday.
Foreign Institutional Investors (FIIs) offloaded equities worth ₹238.28 crore on Monday, while Domestic Institutional Investors (DIIs) bought shares worth ₹3,588.66 crore, according to exchange data.
Intel CEO Pat Gelsinger has retired, the struggling chipmaker said Monday.
Bangladesh reduces power purchase from Adani due to lower winter demand and payment disputes, facing mounting dues.
Škoda Auto India introduces the Kylaq SUV with four variants, starting at ₹7.89 lakh, promising a game-changing customer experience.
Government forms panel to update GDP base year from 2011-12 to 2022-23, aiming for accurate economic representation.
According to officials in the Agriculture Department and scientists at Krishi Vigyan Kendra in Kalaburagi, the drying of the crops is a direct result of insufficient rainfall. As per the data, the region received about 5 mm of rainfall in November, compared to the normal 20 mm, translating to a 70% deficit at a critical stage of the crop’s growth.
Oilfields Bill: Parliament debates Oilfields Amendment Bill to boost domestic oil production, reduce imports, and streamline regulatory framework.
Gold and silver prices drop due to reduced demand, global factors, and market uncertainties, impacting futures trading.
Uber launches water transport service in India, starting with shikara rides at Dal Lake in Srinagar.
Benchmark indices Sensex and Nifty rise on blue-chip stocks, firm US markets, and global oil prices, despite economic slowdown.
Rupee hits all-time low against dollar on Trump tariff threat, disappointing data, and foreign fund outflows.
Government scraps windfall profit tax on crude oil and fuel exports due to declining international oil prices.