Sensex, Nifty rally in early trade on buying in blue-chip stocks, firm global peers
The Hindu
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Benchmark indices Sensex and Nifty rallied in early trade on Tuesday (December 3, 2024) amid buying in blue-chip stocks like HDFC Bank and State Bank of India and firm trends in global markets.
The BSE benchmark Sensex climbed 300.98 points to 80,549.06 in early trade. The NSE Nifty went up by 101.85 points to 24,377.90.
From the 30-share Sensex pack, Adani Ports, State Bank of India, HDFC Bank, JSW Steel, IndusInd Bank, Bajaj Finance and JSW Steel were the biggest gainers.
ITC, Bharti Airtel, Sun Pharma and Power Grid were among the laggards.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading higher.
US markets ended mostly in the positive territory on Monday.
Foreign Institutional Investors (FIIs) offloaded equities worth ₹238.28 crore on Monday, while Domestic Institutional Investors (DIIs) bought shares worth ₹3,588.66 crore, according to exchange data.
SBI Mutual Fund commits to at least 10% of Adani Power's $820 million rupee bond issue as anchor investor.
L&T Vyoma launches a 40 MW green, AI-ready data centre in Navi Mumbai to support high-density computing and sustainable growth.
Indian rupee depreciated to a fresh low of ₹91.7 a dollar on continued capital outflow and rising risk of U.S. acquisition of Greenland, on January 21.
In a major board-level reshuffle, Deepinder Goyal has been appointed as the vice chairman & director on the board of Eternal Ltd. (Formerly Zomato Ltd.) effective upon shareholders’ approval.
Mines Secretary Piyush Goyal announces plans to boost mineral exploration, focusing on strategic and critical minerals over the next five years.
Union Minister Vaishnaw and economist Gita Gopinath confirm India's path to becoming the third-largest economy by 2028.
Government seeks public input on draft electricity policy to enhance India's power sector's financial viability and infrastructure by 2047.
Union Cabinet approves Rs 5,000 crore for SIDBI to boost MSME credit, enhancing support for small businesses and job creation.
The rupee plunges to a record low of 91.73 against the dollar amid geopolitical tensions and foreign fund outflows.
Indian stock markets decline for the third day amid geopolitical tensions, with Sensex falling below 82,000 points.
Allcargo Global appoints Vaishnav Shetty as deputy managing director, emphasizing succession planning and digital transformation in logistics.
OpenAI unveiled a Stargate Community plan on Tuesday, aimed at “paying its way on energy” and ensuring that its operations do not raise electricity costs for local communities.
UFBU calls for a nationwide bank strike on January 27, demanding a five-day work week, affecting services for four consecutive days.