Live
- Beyond the Data - Shreyas Mahimkar in pursuit of Innovation, passionate about learning
- Ravi Kiran Pagidi: Innovating in Cloud Data Solutions and Real-Time Processing
- 'Vere Level Office' Episode 4 Review: Fun, Emotions, and a Hint of Drama
- Durvas Jayaraman: Redefining Enterprise Software Architecture
- Breaking Boundaries in Microbiology and Business: Dr Saloni Sharma
- Two drown as Indian Navy speedboat rams into passenger ferry in Arabian Sea off Gateway of India
- RG Kar tragedy trial: Recording of statements by 50 witnesses completed
- New expressway links Lhasa with birthplace of Tibetan civilization
- 13 Dead as Ferry Capsizes Near Gateway of India; Over 100 Rescued
- PM Modi to Visit Kuwait for Two Days from December 21, First Indian PM Visit in 43 Years
Key indices surge on positive cues
Key indices surge on positive cues
Equity indices returned to winning ways on Tuesday after a day’s pause, propelled by Bharti Airtel, HUL and Reliance Industries amid a positive trend in global markets.
Mumbai: Equity indices returned to winning ways on Tuesday after a day's pause, propelled by Bharti Airtel, HUL and Reliance Industries amid a positive trend in global markets. Bharti Airtel was the top gainer in the Sensex pack, rallying 6.38 per cent, after the Supreme Court granted 10 years to telecom firms for paying the adjusted gross revenue (AGR)-related dues to the government with certain conditions.
A sharp appreciation in the rupee -- which breached the 73-mark against the US dollar -- added to the momentum, traders said. After a choppy session, the BSE Sensex settled 272.51 points or 0.71 per cent higher at 38,900.80. It hit an intra-day high of 39,226.82 and a low of 38,542.11. Similarly, the NSE Nifty advanced 82.75 points or 0.73 per cent to settle at 11,470.25. It touched a high of 11,553.55 and a low of 11,366.90 during the day.
"Indian markets exhibited heightened volatility today following publishing of GDP data and SC ruling in the AGR case for telecom companies. Global cues were positive following Chinese factory data which indicated demand increasing. Liquidity, driven by high FII inflows in August, has provided good support for the markets, in spite of a general concern regarding high valuations in some sectors and stocks.
