Sensex, Nifty gain nearly 1% as stocks extend winning run to 3rd day
The Hindu
Larsen & Toubro, HCL Technologies, Infosys, Tech Mahindra, IndusInd Bank, Asian Paints, Bharti Airtel and Tata Steel were the biggest gainers.
Benchmark stock indices rose for a third straight day on Monday on buying in IT, banking and FMCG shares triggered by gains in global equities following easing inflation concerns.
The 30-share BSE Sensex jumped 433.30 points or 0.82% to settle at 53,161.28. During the day, it rallied 781.52 points or 1.48% to 53,509.50.
The NSE Nifty also gained 132.80 points or 0.85% to close above the 15,800 level at 15,832.05.
Among the Sensex pack, Larsen & Toubro, HCL Technologies, Infosys, Tech Mahindra, IndusInd Bank, Asian Paints, Bharti Airtel and Tata Steel were the biggest gainers.
On the other hand, Kotak Mahindra Bank, Reliance Industries Limited and Titan were the laggards.
Elsewhere in Asia, markets in Seoul, Tokyo, Shanghai and Hong Kong ended in the green following sharp gains in US markets on Friday.
European markets were also trading in the green in mid-session deals.
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Rupee drops 23 paise to 89.94 against the dollar amid negative equity trends and rising crude prices.
The commencement of commercial flight from the Navi Mumbai International Airport (NMIA) is expected to speed up infrastructure and real estate development across Navi Mumbai and surrounding regions, analysts & industry executives said.
GCCs keep India’s tech job market alive, even as IT services industry embarks on a hiring moratorium
Global Capability Centres, offshore subsidiaries set up by multinational corporations, mostly known by an acronym GCCs, are now the primary engine sustaining India’s tech job market, contrasting sharply with the hiring slowdown witnessed by large firms in the country.
India’s manufacturing sector underperforms compared to China and South Korea, partly due to public sector wages that raise costs and reduce competitiveness.
Non-Resident Indians (NRIs) from the Gulf Cooperation Council (GCC) region, once prominent investors in the Indian equity market are seen shying away due to rupee depreciation and have moved to global funds, said a top financial services executive.
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.
Indian stock markets closed lower amid volatility, with key firms lagging as global trends influenced trading activity.
Bharti and Warburg Pincus invest in Haier India, acquiring a 49% stake to enhance growth and innovation in consumer durables.
India's net FDI remains negative for October 2025, with outflows surpassing inflows amid trade deal uncertainties.
Bombay High Court halts fraud notices to Anil Ambani, questioning banks' compliance and the audit's validity.
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