Sensex surges over 500 points in early trade; Nifty above 17,150
The Hindu
BSE Sensex was trading 515.05 points or 0.90% higher at 57,579.92 in initial deals; NSE Nifty rose 185.15 points or 1.09% to 17,168.35
Equity benchmark Sensex jumped over 500 points in early trade on December 1, tracking gains in index majors HDFC twins, Tata Steel and Reliance Industries amid positive cues from Asian markets.
The 30-share index was trading 515.05 points or 0.90% higher at 57,579.92 in initial deals. Similarly, the Nifty rose 185.15 points or 1.09% to 17,168.35.
IndusInd Bank was the top gainer in the Sensex pack, rising 3.21%, followed by Tech Mahindra, HDFC, Tata Steel, SBI, Asian Paints and NTPC.
The election authorities are gearing up for the counting of votes cast in the simultaneous elections to Lok Sabha and Assembly seats in Andhra Pradesh, scheduled to be held on June 4. The Collectors and Election Officers of Visakhapatnam, Anakapalli and Alluri Sitharama Raju (ASR) districts said on May 23 (Thursday) that their teams were ready for the counting of votes.
Responding to the prolonged water scarcity, the residents of the area took to the streets in protest on Wednesday. The protest, which drew attention to their plight, stopped only after the intervention of the police. It was not until 1.30 p.m. that a 4000-litre tanker was finally delivered by BWSSB, providing relief to the water-starved residents.