
Sensex climbs over 293 points in early trade
The Hindu
Markets maintain winning momentum for the 6th day.
Benchmark indices made a firm start on Friday , July 22, 2022 with the BSE Sensex climbing over 293 points in early trade amid fresh buying by foreign funds and largely positive global market trends.
The 30-share BSE benchmark advanced 293.33 points to 55,975.28 in early trade. The broader NSE Nifty climbed 92.5 points to 16,697.75.
Among the Sensex constituents, Kotak Mahindra Bank, HDFC, Titan Company, UltraTech Cement, ICICI Bank, HDFC Bank, State Bank of India and Reliance Industries were trading in the green.
Infosys, IndusInd Bank, NTPC and ITC were trading lower.
In Asia, markets in Tokyo and Hong Kong were trading higher, while Seoul and Shanghai quoted lower.
The US markets had ended higher on Thursday.
Meanwhile, international oil benchmark Brent crude jumped 1.08 per cent to $104.96 per barrel.

Mobile phones are increasingly migrating to smaller chips that are more energy efficient and powerful supported by specialised Neural Processing Units (NPUs) to accelerate AI workloads directly on devices, said Anku Jain, India Managing Director for MediaTek, a Taiwanese fabless semiconductor firm that claims a 47% market share India’s smartphone chipset market.

In one more instance of a wholly owned subsidiary of a Chinese multinational company in India getting ‘Indianised’, Bharti Enterprises, a diversified business conglomerate with interests in telecom, real estate, financial services and food processing among others, and the local arm of private equity major Warburg Pincus have announced to collectively own a 49% stake in Haier India, a subsidiary of the Haier Group which is headquartered in Qingdao, Shandong, China.











