Sensex snaps two-day losing streak on rebound in IT shares
The Hindu
Sensex gains 150 points, Nifty marginally up; IT stocks rally, global markets mixed, oil prices rise.
Benchmark Sensex closed higher by 150 points on Wednesday (August 14, 2024), snapping its two-day losing streak following a rally in IT stocks amid a surge in the U.S. markets.
The 30-share BSE Sensex rose by 149.85 points or 0.19% to settle at 79,105.88. During the day, it gained 272.91 points or 0.34% to hit a high of 79,228.94.
The NSE Nifty closed marginally up by 4.75 points or 0.02% at 24,143.75.
Among Sensex firms, Tata Consultancy Services, HCL Technologies, Tech Mahindra, Infosys, Mahindra & Mahindra and Tata Motors were the biggest gainers.
UltraTech Cement, JSW Steel, Tata Steel, Adani Ports, Power Grid and Bajaj Finserv were among the laggards.
Mining shares declined after the Supreme Court rejected the Centre’s plea for prospective effect of its July 25 verdict, which upheld the power of states to levy tax on mineral rights and mineral-bearing land, and allowed them to seek a refund of royalty from April 1, 2005 onwards.
In Asian markets, Seoul and Tokyo settled higher while Shanghai and Hong Kong ended lower.
Google advises U.S. visa holders to avoid international travel amid embassy delays that may extend their stay abroad.
Alphabet’s cloud computing unit and cybersecurity company Palo Alto Networks on Friday announced an expanded partnership that one source told Reuters was by far Google Cloud’s largest security services deal.
Ather Energy launches auto insurance services to enhance the EV ownership experience and streamline offerings for customers.
China requests WTO consultations with India over ICT tariffs and solar subsidies, citing violations of trade obligations and unfair advantages.
The rupee rises 54 paise to 89.66 against the dollar, supported by corporate inflows and easing crude prices.
India's forex reserves rose by $1.68 billion to $688.94 billion for the week ending December 12, 2025.
India and Oman aim to implement their trade pact within three months, enhancing zero-duty access for key exports.
Stock markets rebound as Sensex rises 447 points, driven by global trends and fresh foreign fund inflows.
Reliance Consumer Products acquires a majority stake in Udhaiyams Agro Foods, enhancing its presence in the staples market.
Coca-Cola India reports a 46.3% profit increase to ₹615 crore in FY25, with revenue rising to ₹5,042.56 crore.
India's trade deficit with China is projected to hit $106 billion by 2025, despite a recent surge in exports.
Adani Group plans ₹1 lakh crore investment in airports, expanding its portfolio with Navi Mumbai International Airport and aggressive future bids.
Piramal Finance to sell its 14.72% stake in Shriram Life Insurance for ₹600 crore, enhancing its balance sheet.