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Domestic equity benchmark BSE Sensex rebounded by nearly 300 points in early trade on Wednesday, led by gains in index heavyweights RIL, HDFC and Infosys, amid positive cues from other global markets.Easing inflation numbers, released after market hours on Tuesday, too helped the recovery in domestic market sentiment, traders said.The 30-share index pared some opening gains to trade 122.51 points or 0.33 per cent higher at 37,080.67 at 0930 hours; and the broader Nifty too gained 35.30 points or 0.32 per cent to 10,961.15 in morning trade.In the previous session…

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Richest Indian Mukesh Ambani on Monday announced plans to sell stakes in his flagship Reliance Industries’ oil and chemical business to Saudi oil giant Aramco and in fuel retail network to BP plc of UK for a combined Rs 1.15 lakh crore as he looked to make his company a zero-net debt firm in 18 months. Parallelly, the oil-to-telecom conglomerate will roll out fiber-based fixed-line broadband services from September 5, offering internet speed of at least 100 mbps, free voice calls for life, television and video streaming on HD sets…

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The rupee deprecated by 38 paise and fell to 71 per dollar mark in early trade on Tuesday amid strengthening of the American currency and weak opening in domestic equities. Forex traders said the strength of the US dollar against other overseas currencies and concerns about US-China trade negotiations also kept investors edgy. At the Interbank Foreign Exchange, the rupee opened weak at Rs 71.15 then fell further to 71.16 against the American currency, down 38 paise over it’s previous closing price. The Indian rupee on Friday had closed at…

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