Sensex, Nifty recover in early trade, lifted by firm trend in global markets
The Hindu
Mkt rebound after 1% fall; Sensex up 235 pts; Nifty 76 pts; NTPC, Tata Motors, JSW Steel, Tata Steel, SBI, L&T, RIL, Sun Pharma, Airtel, ITC gain; Infosys, Wipro, Asian Paints, HCL Tech, TCS, Axis Bank lag; Global cues, rising interest rate, US dollar, bond yields, crude oil prices to impact intra-day.
The equity benchmark indices rebounded in early trade on Friday after a nearly 1% decline on the previous day, amid positive trends in the global markets.
The 30-share BSE Sensex climbed 235.61 points to 65,743.93 in early trade. The Nifty advanced 76.7 points to 19,600.25.
Among the Sensex firms, NTPC, Tata Motors, JSW Steel, Tata Steel, State Bank of India, Larsen & Toubro, Reliance Industries Ltd, Sun Pharma, Bharti Airtel and ITC were the biggest gainers.
Infosys, Wipro, Asian Paints, HCL Technologies, Tata Consultancy Services and Axis Bank were among the laggards.
In Asian markets, Tokyo, Shanghai and Hong Kong were trading in positive territory.
The US markets ended in the green on Thursday.
Global oil benchmark Brent crude climbed 0.05 per cent to $95.43 a barrel.
The Opposition Congress demanded that the government open the Gandhi Vatika Museum, depicting Mahatma Gandhi’s legacy and freedom struggle, built at a cost of ₹85 crore in Jaipur’s Central Park last year, during the Congress-led regime in Rajasthan. The museum has not been opened to the public, reportedly because of the administration’s engagements with the State Assembly and Lok Sabha elections.
Almaya Munnettam (Lay People to the Fore), group in the Ernakulam-Angamaly Archdiocese of the Syro-Malabar Church opposed to the synod-recommended Mass, rejected a circular issued by Major Archbishop Raphael Thattil and apostolic administrator Bosco Puthur on June 9 to implement the unified Mass in the archdiocese from July 3.
Pakistan coach Gary Kirsten stated that “not so great decision making” contributed to his side’s defeat to India in the Group-A T20 World Cup clash here on Sunday. The batting unit came apart in the chase, after being well placed at 72 for two. With 48 runs needed from eight overs, Pakistan found a way to panic and lose. “Maybe not so great decision making,” Kirsten said at the post-match press conference, when asked to explain the loss.