Sensex, Nifty rebound in early trade led by Reliance Industries
The Hindu
The updates on Sensex and Nifty updates on March 27, 2024
Benchmark equity indices Sensex and Nifty rebounded in early trade on Wednesdauy, March 27, 2024,. supported by buying in index majors Reliance Industries and Maruti.
The 30-share BSE Sensex climbed 270.18 points to 72,740.48 in early trade. The NSE Nifty went up by 87.35 points to 22,092.05.
From the Sensex basket, Reliance Industries, Maruti, NTPC, Tata Motors, Axis Bank, Bajaj Finance, Hindustan Unilever and Larsen & Toubro were the major gainers.
Infosys, Wipro, IndusInd Bank and Nestle were among the laggards.
In Asian markets, Tokyo quoted in the positive territory, while Seoul, Shanghai and Hong Kong traded lower.
Wall Street ended in the negative territory on Tuesday.
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.
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.