Sensex, Nifty rally for 2nd day on weak crude, talks between Russia, Ukraine
The Hindu
Mumbai
Benchmark stock indices Sensex and Nifty rallied for a second straight session on Tuesday after gains in index majors HDFC twins, Bharti Airtel and Infosys as global shares advanced ahead of peace talks between Ukraine and Russia.
The 30-share BSE Sensex jumped 350.16 points or 0.61% to settle at 57,943.65 with 20 of its constituents closing higher. During the day, the index rallied 408.04 points or 0.70% to 58,001.53.
The broader NSE Nifty gained 103.30 points or 0.60% to settle at 17,325.30 as its 32 components closed in green.
"Reports of peace talks between Russia and Ukraine along with weakening crude prices helped the global markets trade firm," said Vinod Nair, Head of Research at Geojit Financial Services.
Among Sensex stocks, HDFC was the biggest gainer on value-buying after recent losses. The housing finance major spurted 3.06%.
Bharti Airtel rallied 2.89% after reports said that the telco may consider a tariff hike and continue with 'premiumisation' to boost its ARPU to ₹300.
The rupee declines 20 paise to 93.73 against the dollar as global oil prices rise and investor uncertainty persists.
Siemens said on Monday that the Iran war has led to customers holding back on new investments as prices increase for raw materials and energy.
OpenAI said its close ties with Microsoft could be a potential risk to its business, telling investors that the software company is responsible for “a substantial portion of our financing and compute,” CNBC reported
LPG crisis: Alternative solutions are being considered, with ammonia cylinders being increasingly used for industrial applications amid delays in commercial LPG deliveries.
India monitors U.S. military pause on Iran as oil prices dip; External Affairs Minister engages with GCC nations for support.
India monitors U.S.-Iran tensions as Trump pauses attacks, leading to a significant drop in oil prices.
Union Minister Ashwini Vaishnaw launches three initiatives to enhance India's creative economy through AI training, citizen platforms, and advanced tech access.
Two Indian-flagged LPG tankers approach the Strait of Hormuz, navigating safely amidst regional tensions to reach Indian ports.
Gold and silver prices plummet over 7% due to West Asia tensions, inflation fears, and a stronger dollar.
Asian shares fall as rising oil prices and escalating Iran conflict diminish hopes for U.S. interest rate cuts.
Japan's SoftBank Group said Saturday it plans to build a huge new gas-fired power plant in the US state of Ohio
Silver prices plunge 9% to ₹2.06 lakh per kg in futures trade amid weak global cues and rising macroeconomic pressures.
OpenAI plans to nearly double its workforce to 8,000 from 4,500 by the end of 2026, the Financial Times reported on Saturday, citing two people with knowledge