Sensex, Nifty rebound nearly 1%; auto, IT stocks surge
© Provided by Free Press Journal Sebi issues demand notices to BSE, NSE in Karvy case

Equity benchmark indices Sensex and Nifty bounced back on Thursday to close higher by nearly 1 per cent on gains in banking, IT and auto shares amid mixed global trends.

The 30-share BSE Sensex rose by 443.19 points or 0.86 per cent to settle at 52,265.72. During the day, it rallied 694.26 points or 1.33 per cent to 52,516.79.

The NSE Nifty advanced 143.35 points or 0.93 per cent to 15,556.65.

From the Sensex pack, Maruti, M&M, Asian Paints, Bharti Airtel, TCS, Sun Pharma, Wipro, ICICI Bank and Hindustan Unilever were the major gainers.

On the other hand, Reliance Industries, NTPC, Power Grid and UltraTech Cement were the laggards.

Elsewhere in Asia, stock markets in Hong Kong, Shanghai and Tokyo ended with gains while Seoul settled lower. European markets were trading in the red in mid-session deals.

The US markets ended marginally lower on Wednesday.

“The Indian markets opened on a positive note following Asian market peers which were trading mostly in the green led by China. During the afternoon session markets trimmed some of their gains as European markets struggled to shrug-off recession fears but managed to trade in the green,” said Narendra Solanki, Head- Equity Research (Fundamental), Anand Rathi Shares & Stock Brokers.

Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities Ltd. said, “Markets witnessed a roller coaster ride till mid-session before rebounding to comfortably settle in positive territory at close on hectic buying activity in IT, automobile & realty stocks. Fall in the crude oil prices gave some respite to the market, although concerns of persistent FII selling and rising bond yields in the US will continue to keep traders on the edge. Technically, for the last three days the market has been witnessing non directional activity. For Nifty, 15400 and 15600 are the important levels to watch out and below the same the index could slip up to 15340-15300. On the flip side, 15600 would be the key breakout level for the bulls. Above which, the index is likely to hit the level of 15720-15800.”

The 30-share BSE Sensex tanked 709.54 points or 1.35 per cent to settle at 51,822.53 on Wednesday. The NSE Nifty fell 225.50 points or 1.44 per cent to end at 15,413.30.

Vinod Nair, Head of Research at Geojit Financial Services said, “Weak global markets and recession woes following Fed Chair’s testimony failed to discourage Indian bourses. The domestic market is showcasing potency to sustain the momentum in the short to medium-term. A major part of the current uncertainties led by the slowing economy & hawkish monetary policy have been factored in the market, however, FIIs are continuing their selling, limiting the trend”

Meanwhile, international oil benchmark Brent crude declined 1.92 per cent to USD 109.60 per barrel.

Foreign institutional investors (FIIs) remained net sellers in the capital market, as they sold shares worth Rs 2,920.61 crore on Wednesday, as per exchange data.

Rupee hits all-time low of 78.32 against US dollar

(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper’s PDF on WhatsApp and other social media platforms.)

NEWS RELATED

Close aide of jailed gangster Kala Jathedi arrested by Delhi Police

Delhi Police Special Cell on Tuesday arrested Deepak Gulia (31), an active member of the Sandeep aka Kala Jathedi gang. A semi-automatic pistol of .32 with four live cartridges was recovered from him, police said. After the arrest of notorious gangster Kala Jathedi last year, Gulia was carrying out ...

View more: Close aide of jailed gangster Kala Jathedi arrested by Delhi Police

BJP 'willingness to flirt with anti-nationals' a concern: Congress

© Provided by The Times of India NEW DELHI: Claiming repeated instances of alleged terrorists having links with the ruling party, Congress Tuesday expressed concern for what it called BJP’s “disturbing willingness to flirt with anti-national forces”. AICC spokesman Pawan Khera said the alleged uncovering of the Udaipur beheading ...

View more: BJP 'willingness to flirt with anti-nationals' a concern: Congress

Religious divides blur as Kolkata youngsters rebuild temple

© Provided by The Times of India KOLKATA: At a humble neighbourhood in the Olaichandi Road area near Tala Park in Kolkata, youngsters from different communities have set aside their religious beliefs to come together and restore a century-old Shiva temple. Aftab Khan, Firoz Khan and Amrit Limboo have ...

View more: Religious divides blur as Kolkata youngsters rebuild temple

Court slams UP cops for 'faulty probe', frees 8 in anti-Nupur stir case

© Provided by The Times of India MEERUT: The court of chief judicial magistrate in Saharanpur terminated the judicial remand of eight youngsters who had been arrested on charges of “perpetrating violence” on June 10 during protests against remarks made by former BJP spokesperson Nupur Sharma against Prophet Muhammad. ...

View more: Court slams UP cops for 'faulty probe', frees 8 in anti-Nupur stir case

BJP states Gujarat, UP & MP seek full quota of wheat under central scheme

© Provided by The Times of India NEW DELHI: The Centre is facing an uneasy situation as three BJP-ruled states – Gujarat, Uttar Pradesh and Madhya Pradesh – have demanded the restoration of wheat allocation to them under the national food security scheme, NFSA. The demands have been made ...

View more: BJP states Gujarat, UP & MP seek full quota of wheat under central scheme

Sena must support Murmu, party MP writes to Uddhav

MUMBAI: In a big indication that Shiv Sena MPs want party president Uddhav Thackeray to try and mend ties with BJP, MP Rahul Shewale on Tuesday wrote to the former chief minister urging him to order Sena MPs to support NDA candidate Draupadi Murmu during the presidential polls on July ...

View more: Sena must support Murmu, party MP writes to Uddhav

Adele says she 'felt terrible' after some fans were 'betrayed' by her weight loss

© Gareth Cattermole/Getty Images for Adele Adele says she ‘felt terrible’ after some fans were ‘betrayed’ by her weight loss Adele recently opened up about the public’s reaction to her weight loss. “There were some other people who felt very betrayed by me,” she told BBC Radio 4’s “Desert ...

View more: Adele says she 'felt terrible' after some fans were 'betrayed' by her weight loss

2013 building collapse case: No sanction to prosecute him, court discharges BMC engineer

© Provided by The Indian Express An Executive Engineer of the BMC was discharged by the sessions court on Monday from a case related to a building collapse in 2013, in which 61 people had lost their lives, after no sanction was granted to prosecute him. The sessions court ...

View more: 2013 building collapse case: No sanction to prosecute him, court discharges BMC engineer

Maharashtra: Over 3,000 new Covid cases, 6 deaths in state

Congress to hold protest against Metro car shed at Aarey on July 7

Villagers’ brave act a new beginning against terrorism: J&K DGP

Out with his kids, dad dies trying to save stranger boy in Mumbai

ED summons Azam wife, son in land-grab, laundering case

Ajay Devgn shares throwback PIC from sets of Runway 34 with a quirky twist; SEE POST

'He’s A Class Act': Keanu Reeves Patiently Answers Young Fan's Rapid Fire Questions At The Airport

Ons Jabeur rallies past Marie Bouzkova to reach maiden major semi-final

Mouni Roy enjoys 'Mumbai ki baarish', looks breathtaking in blue outfit; WATCH

Mumbai sees nearly 70% of average July rainfall in 5 days

Turmoil in the sky | SpiceJet snags: One lands in Pak, windshield cracks in other

Mumbai: Downpour brings traffic snarls

OTHER NEWS