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Sensex climbs 423 points in early trade; Nifty above 17,250

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Equity benchmark Sensex jumped 423.14 points in early trade on Thursday, led by strong gains index major Reliance Industries, Bajaj Finserv and Asian Paints amid a mixed trend in global markets. The BSE benchmark Sensex was trading 423.14 points higher at 57,460.64. The Nifty gained 117.25 points to 17,253.80. From the 30-share Sensex pack, IndusInd Bank, Reliance Industries, Asian Paints, Bajaj Finserv, Dr Reddy’s and M&M were among the major gainers. In contrast, Nestle, Tata Steel, HCL Technologies and Axis Bank were the laggards. Halting its five-day fall on Wednesday,…

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NEWS CATEGORIES WORLD NEWS 

In a veiled attack, Imran Khan blames Pakistan Army chief for his ouster

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In a veiled attack on Pakistan’s Army chief General Qamar Javed Bajwa, former prime minister Imran Khan has alleged that “some elements” in the powerful establishment who indulged in “bad practices” were responsible for his unceremonious ouster from power. According to experts, Khan, who was ousted from power on April 10 after the National Assembly passed a no-confidence motion against him, had apparently lost support of the Army after he refused to endorse the appointment of the ISI spy agency chief last year. Finally, he agreed but it soured his…

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NATIONAL NEWS NEWS CATEGORIES 

Adopt ‘nation-first’ approach to decision making: PM Modi to civil servants

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Emphasising a “nation-first” approach to decision-making, Prime Minister Narendra Modi on Thursday said there cannot be any compromise on the unity and integrity of the country and even decisions at the local level should be made on this touchstone. Addressing civil servants on the 15th Civil Services Day at Vigyan Bhawan here, he said every decision should be evaluated on the basis of its capacity to strengthen the country’s unity and integrity. Modi said in the country’s democratic set-up, “we should be committed to three goals”. “The first goal is…

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LEGAL NEWS NEWS CATEGORIES 

Govt of India bound by assurance given to Portugal on Abu Salem: Union home secy

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The Government is bound by the assurance given by the then deputy Prime Minister L K Advani to the Portugal government that the maximum sentence handed out to gangster Abu Salem will not exceed 25 years, the Union home secretary has told the Supreme Court. In an affidavit filed in pursuance to the apex court’s April 12 order, Union Home Secretary Ajay Kumar Bhalla said the assurance would come into effect once the period of 25 years expires on November 10, 2030. “It is respectfully submitted that the Government of…

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BUSINESS NEWS CATEGORIES 

Markets succumb to fag-end sell-off, extend losing streak to 5th day

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Equity indices tripped in the last half-an-hour of trade on Tuesday to notch up losses for the fifth consecutive session as finance and IT counters continued to bear the brunt of heavy selling amid negative global cues. Russia ramping up its offensive in Ukraine, coupled with unabated foreign fund outflows, a depreciating rupee and inflationary concerns sapped investor confidence, traders said. The 30-share BSE Sensex opened modestly higher and weathered bouts of volatility to trade in the positive territory, but succumbed to a sudden burst of selling towards the fag-end…

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NATIONAL NEWS NEWS CATEGORIES 

Situation returning to normalcy in Delhi’s Jahangirpuri, say cops

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The situation in Jahangirpuri of northwest Delhi is heading towards normalcy amid heavy deployment of security personnel in the violence-hit area, police said on Tuesday. Some of the shops, mainly of grocery, in the streets have opened and the movement of people is becoming normal, they said. Over 500 police personnel and six companies of additional force have been deployed in the area round the clock. Besides, a total of 80 tear gas gun parties and water cannons have been deployed and drones are also being used in sensitive areas…

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BUSINESS NEWS CATEGORIES 

Sitharaman for regulating crypto at global level to check money laundering, terror funding

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Finance Minister Nirmala Sitharaman on Tuesday made a strong case for regulating cryprocurrencies at a global level to mitigate the risk of money laundering and terror funding. Participating at a high-level panel discussion organised by the IMF, the Finance Minister said that as long as the non-governmental activity of the crypto assets was through unhosted wallets, the regulation was going to be very difficult. However, she said, cross border payments between countries will become very effective through Central Bank-driven digital currencies. “The risk which worries me more on the non-governmental…

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BUSINESS NEWS CATEGORIES 

Sensex plunges 1,186 points in early trade; Nifty tests 17,160 level

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Equity benchmark indices, which resumed trading after a long holiday, faced heavy drubbing on Monday, with the Sensex plunging over 1,186 points in early trade. The key index was dragged down by heavyweights Infosys and HDFC Bank amid weak trend in Asian markets. Stock markets were closed on Thursday for Mahavir Jayanti and Dr Babasaheb Ambedkar Jayanti, as well as on Friday on account of Good Friday. The Sensex was trading 1,186.18 points lower at 57,152.75 in early trade. The Nifty tumbled 314.95 points to 17,160.70. From the 30-share pack,…

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NEWS CATEGORIES WORLD NEWS 

‘No surrender’: Ukrainians fight on in Mariupol steel plant

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Braced for an all-out Russian assault in the east, Ukraine vowed to “fight absolutely to the end in strategically vital Mariupol, where the ruined port city’s last known pocket of resistance was holed up in a sprawling steel plant laced with tunnels. With missiles and rockets also battering other parts of the country, Ukrainian President Volodymyr Zelenskyy accused Russian soldiers of carrying out torture and kidnappings in areas they control. The fall of Mariupol, which has been reduced to rubble in a seven-week siege, would give Moscow its biggest victory…

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NATIONAL NEWS NEWS CATEGORIES 

Dejected opposition parties taking refuge in vote bank, divisive politics: Nadda

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BJP President J P Nadda on Monday accused the opposition of waging a “direct onslaught on the spirit of our nation and casting aspersions on our hardworking citizens”, in a reaction to the rival parties’ joint statement attacking the Modi government over incidents of hate speech and communal violence. In a letter to fellow Indians, Nadda said the opposition parties “tried, tested, or I should say dusted and rusted approach of vote bank politics, divisive politics, and selective politics is no longer working” as Prime Minister Narendra Modi’s emphasis on…

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