Sensex rallies 566 points in early trade on buying in Reliance, IT stocks
The Hindu
Stock markets in the U.S. had ended sharply higher on Thursday
Equity indices jumped on Friday continuing their previous day rally, with the Sensex climbing 566 points in early trade, helped by buying in index heavyweight Reliance Industries and IT stocks amid firm global trends.
The 30-share BSE Sensex was trading 565.66 points higher at 56,383.77. The broader NSE Nifty jumped 159.85 points to 16,787.85.
From the Sensex pack, Wipro, HCL Technologies, Infosys, Tech Mahindra, Reliance Industries, Bajaj Finserv, TCS and Bajaj Finance were the major gainers.
In contrast, UltraTech Cement, NTPC, Bharti Airtel and Asian Paints were the laggards.
Elsewhere in Asia, markets in Seoul and Tokyo were trading in the green. Trading was closed in China for a holiday.
Stock markets in the U.S. had ended sharply higher on Thursday.
The Sensex jumped 436.94 points or 0.79% to settle at 55,818.11 on Thursday. The Nifty climbed 105.25 points or 0.64% to finish at 16,628.
ICRA reports decline in collection efficiency for unsecured asset classes like microfinance, personal loans, and SME loans in FY2025.
MTNL shares surge 18% after earning ₹2,134.61 crore from land monetisation, government informs Parliament. Market benchmarks rise.
February 2025 saw a 2% increase in passenger vehicle sales in India, with upcoming festivals expected to boost demand.
Fitch Ratings revises outlook on Adani Group entities to Stable, affirms 'BBB-' rating, and takes rating action on other bonds.
Equity market benchmarks Sensex and Nifty rise on strong domestic data and global trends, led by ICICI Bank and Reliance: Follow The Hindu’s updates on the Sensex and Nifty
Scopely will pay $3.5 billion to acquire Niantic’s game unit, including the studio behind Pokemon Go.
Follow The Hindu’s updates on the rupee : Mumbai forex analysts report on rupee's gains against the dollar amid global tariff tensions and economic data.
The U.S. Federal Trade Commission is moving ahead with an antitrust probe of Microsoft, Bloomberg News reported.
Intel hires semiconductor industry veteran Lip-Bu Tan as CEO to revive struggling company amid leadership changes and financial challenges.
Nandan Nilekani predicts India as top IPO market by 2035 with 1 million startups and $8 trillion economy potential.
BNW Developments partners with Taj to bring luxury living to UAE's Al Marjan Island, Ras Al Khaimah.
Equity indices Sensex and Nifty close lower amid global economic concerns, with IT and telecom stocks leading the decline.
Rupee closes at 87.19 against US dollar amid tariff uncertainties, crude oil prices, and global market volatility.