Sensex spurts 389 points, Nifty up 135 as oil, metal stocks recover
The Hindu
Among major Sensex movers, Reliance Industries soared by 3.29% as energy prices rose due to the war in Ukraine
Benchmark BSE Sensex recovered from early lows to close higher by 389 points on Monday, supported by gains in index heavyweights Reliance Industries, ICICI Bank and Infosys.
The 30-share barometer closed at 56,247.28, up by 388.76 points or 0.70%.
After a weak opening, the barometer had plunged more than 1,025 points to the day's low of 54,833.50 in line with weak global sentiments.
The broader Nifty of the National Stock Exchange jumped by 135.50 points or 0.81% to settle at 16,793.90.
As many as 33 Nifty scrips advanced while 17 declined.
Among major Sensex movers, Reliance Industries soared by 3.29% as energy prices rose due to the war in Ukraine.
Tata Steel emerged as the lead gainer among Sensex scrips, jumping by 6.61%.
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.