Sensex rallies over 500 points in early trade; Nifty tops 14,650
The Hindu
Domestic financial markets were closed on Monday for Holi.
Equity benchmark Sensex rallied over 500 points in early trade on Tuesday, tracking gains in index majors HDFC twins, HUL and ICICI Bank amid largely positive cues from the Asian peers. The 30-share BSE index was trading 510.31 points or 1.04% higher at 49,518.81, and the broader NSE Nifty surged 162.70 points or 1.12% to 14,670. HUL was the top gainer in the Sensex pack, rising over 3%, followed by Titan, NTPC, ONGC, Dr Reddy’s, Nestle India, PowerGrid, HDFC twins and ICICI Bank.
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Sensex and Nifty rebound in early trade driven by value buying, bank stock rally, and positive global cues.
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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.