Positive global indices lift Indian equities, Nifty above 10,500
Mumbai: Positive global indices, coupled with healthy buying in capital goods, auto, banking, healthcare and metal stocks, pushed the key Indian equity indices higher on Monday.
The wider Nifty50 of the National Stock Exchange held the 10,500-mark and provisionally closed (at 3.30 p.m.) higher by 84.80 points or 0.81 per cent at 10,539.75 points.
The barometer 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 34,203.34 points, closed at 34,300.47 points -- up 294.71 points or 0.87 per cent from its previous close.
The Sensex touched a high of 34,351.34 points and a low of 34,115.12 points during the intra-day trade.
The BSE market breadth was bullish as 2,024 stocks advanced as against 775 declines.
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.
China began an anti-dumping investigation on Monday into stainless steel imports worth $1.3 billion, including from a privately owned Chinese mill with operations offshore, after complaints of damage to the local industry.
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 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.