Stock markets rally in early trade
The Hindu
Equity benchmark indices bounced back in early trade on Friday amid a rally in global markets and continuous foreign fund inflows.
Equity benchmark indices bounced back in early trade on Friday amid a rally in global markets and continuous foreign fund inflows.
The 30-share BSE Sensex climbed 135.43 points to 62,984.07 in early trade. The NSE Nifty advanced 42.1 points to 18,676.65.
From the Sensex pack, IndusInd Bank, Titan, Tata Motors, UltraTech Cement, Larsen & Toubro, Axis Bank, Bajaj Finance and Bharti Airtel were the biggest gainers.
Tata Steel, Mahindra & Mahindra, Infosys, State Bank of India and Kotak Mahindra Bank were among the laggards.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading in the green.
The U.S. markets ended in the positive territory on Thursday.
According to Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, intra-day volatility could persist as investors fear the Federal Reserve could remain hawkish at its June 14 meeting after a surprise interest rate hike by Bank of Canada.
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.