Equity indices rise on global cues, Sensex over 200 points
Mumbai: Broadly positive Asian indices, coupled with healthy buying in capital goods, auto, healthcare and metal stocks pushed the key Indian equity indices higher during the mid-afternoon session on Monday, with the barometer Sensex trading up over 200 points.
At 1 p.m., the wider Nifty50 of the National Stock Exchange edged higher by 65.65 points or 0.63 per cent to trade at 10,520.60 points.
The barometer 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 34,203.34 points, traded at 34,245.71 points -- up 239.95 points or 0.71 per cent from its previous close.
The Sensex has so far touched a high of 34,278.24 points and a low of 34,115.12 points during the intra-day trade.
The BSE market breadth was bullish as 2,057 stocks advanced as against 609 declines.
"BSE Sensex and Nifty opened on a positive note after Asian Indices opened in green. Nifty spot trading above the 10,500 mark is important for markets as resistance level is around 10,575 to 10,600 mark for the day," Dhruv Desai, Director and Chief Operating Officer of Tradebulls, told IANS.
Last week on Friday, the key equities plunged into the negative territory amid a global sell-off.
The Sensex closed at 34,005.76 points -- down 407.40 points or 1.18 per cent from its previous session's close, while the Nifty50 fell by 121.90 points or 1.15 per cent to close at 10,454.95 points.
State-owned PNB today said it has received Rs 2,816 crore as capital infusion from the government via preferential allotment of equity shares.
The Border Roads Organisation has spent more than Rs 1,900 crore on construction and improvement of infrastructure on the north-western and north-eastern borders of India, the government said.
The population of tigers is on the rise, the government said today quoting preliminary census data.
Barely two weeks since launch, BSNL's internet telephony service 'Wings' has received over 4,000 bookings for the new offering that will allow users to dial any phone number in India through a mobile app, starting this week, its Chairman said today.
The National Green Tribunal has directed the Haryana government to restore 123 water bodies in Gurugram and Faridabad districts and assign each one of them a unique identification number within three months.
The station, which was named after Lord Elphinstone, the Governor of Bombay Presidency from 1853 to 1860, has now been renamed in honour of a local deity.
Lavasa -an ultimate getaway, a city that would offer the charms of European locales, with five star comforts in a scenic part of Maharashtra has now become an abandoned town.
A second chargesheet by the ED has confirmed the trail of illegal cash Mallya transferred to his accounts across global tax havens.
Delayed payment by GMR-led DIAL, the Delhi airport operator, to the CISF guards could eventually lead to passengers paying more to fly out of the Indian Capital.
The West Bengal Police has claimed to have busted a Rs 100 crore plus job racket in the Indian Railways following a crucial arrest in the Indian Capital.