Sensex climbs 465 points; Nifty above 17,500
The Hindu
The broader NSE Nifty gained 127.60 points
Equity benchmark Sensex jumped over 465 points on August 8, tracking gains in index majors HDFC twins and Reliance Industries amid positive global market trends.
The 30-share BSE gauge climbed 465.14 points or 0.80% to finish at 58,853.07. During the day, it jumped 546.97 points or 0.93% to 58,934.90.
The broader NSE Nifty gained 127.60 points or 0.73% to end at 17,525.10.
Mahindra & Mahindra was the biggest gainer from the Sensex pack, climbing 3.13 per cent, followed by Bajaj Finserv, NTPC, Axis Bank, HDFC Bank, Larsen & Toubro, HDFC, Dr Reddy's, IndusInd Bank and Reliance Industries.
State Bank of India, UltraTech Cement, Nestle, Wipro and Power Grid were among the major laggards.
In Asia, markets in Seoul, Shanghai and Tokyo ended higher, while Hong Kong settled with losses.
European bourses were trading in the green during mid-session deals. The U.S. markets had ended mostly lower on Friday.
The Madras High Court on Tuesday, June 11, 2024, rejected a plea by former special Director General of Police (DGP) Rajesh Das to restore the electricity service connection to a bungalow in Thaiyur near Kelambakkam in Chengalpattu district, and to restrain Tamil Nadu Generation and Distribution Corporation (Tangedco) officials from disturbing the power supply in future.
The Madras High Court on Tuesday, June 11, 2024, permitted Anna University to deposit, in three monthly instalments, an amount of ₹73.23 lakh before the Central Government Industrial Tribunal (CGIT) as a condition to hear a statutory appeal preferred by the varsity against the Coimbatore Regional Provident Fund (RPF) Commissioner’s order to pay dues to the tune of ₹2.44 crore to contract employees.