Sensex, Nifty rebound in early trade
The Hindu
Equity indices rebound in early trade on global rally, with ITC and ICICI Bank leading gains.
Equity benchmark indices rebounded in early trade on Monday (October 7, 2024) after tumbling in the previous week amid a rally in global markets, along with buying in index majors ITC and ICICI Bank.
The BSE Sensex climbed 292.29 points or 0.36% to 81,980.74 in early trade. The NSE Nifty went up by 54.55 points or 0.22% to 25,069.15.
From the 30 Sensex firms, ITC, Kotak Mahindra Bank, HCL Technologies, Infosys, ICICI Bank, Tata Consultancy Services and Bharti Airtel were the major gainers.
Titan, Adani Ports, NTPC, Power Grid and HDFC Bank were among the laggards.
In Asian markets, Tokyo, Shanghai, Hong Kong and Seoul traded higher on Monday.
The U.S. markets were ended on positive territory on Friday (October 4, 2024).
Foreign Institutional Investors (FIIs) offloaded equities worth ₹9,896.95 crore on Friday, while Domestic Institutional Investors (DIIs) bought equities worth ₹8,905.08 crore, according to exchange data.
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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
Global equity markets plummet as West Asia tensions rise and oil prices surge, triggering significant investor anxiety.
The rupee hits a record low of 93.94 against the dollar amid foreign fund outflows and a crashing equity market.
The Thane police have arrested two co-founders of cryptocurrency exchange platform CoinDCX in connection with an alleged fraud of Rs 71.6 lakh, officials said
Meta Chief Executive Mark Zuckerberg is building a CEO agent to help him do his job, the Wall Street Journal reported
Insurance penetration and density are often misunderstood and do not reveal how many families are insured or whether they would be financially secure if the main earning member were to die. The real issue is not reach but adequacy, as households may have life insurance but not enough cover to replace lost income, leaving them financially vulnerable.
Five top firms lose ₹1 lakh crore in market value, with HDFC Bank experiencing the largest decline of ₹56,124.48 crore.