Sensex rebounds 620 points; Nifty above 17,100
The Hindu
IndusInd Bank was the top gainer in the Sensex pack, rising nearly 6%
Equity benchmark Sensex rebounded 620 points on Wednesday, boosted by gains in index majors Reliance Industries, Maruti and SBI amid a positive trend in global markets.
The 30-share index ended 619.92 points or 1.09% higher at 57,684.79. Similarly, the NSE Nifty surged 183.70 points or 1.08% to close at 17,166.90.
IndusInd Bank was the top gainer in the Sensex pack, rising nearly 6%, followed by Axis Bank, SBI, Maruti, Tech Mahindra and Reliance Industries.
Rupee trading in narrow range as U.S. dollar strengthens, Brent oil rises amid Ukraine-Russia conflict, FIIs sell equities.
Billionaire Gautam Adani indicted in U.S. for fraud and bribery, facing charges of defrauding American investors.
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.