Energy and financials stocks propelled stock market indices to their best gain in over eight weeks on Monday, led by a rally in shares of index heavyweight Reliance Industries Ltd (RIL). Even as investor wealth in BSE-listed companies jumped by ₹6 lakh crore, the market may be headed for more volatile waters, with the National Stock Exchange's (NSE) VIX or fear index rising 13% on Monday.
The NSE's benchmark Nifty closed 1.8% higher at 21,737.60 points, while BSE's Sensex ended 1.76% higher at 71,941.57, their biggest gains since 4 December. The Reliance Industries stock climbed almost 7%, contributing the most to the day's market gains, as investors turned optimistic about potentially higher refining margins.
The RIL stock also got a boost from a Bloomberg report late last week that said Walt Disney Co.'s India unit may now be valued at less than half the valuation the US company earlier pursued in a proposed merger with its media business.
Esta historia es de la edición January 30, 2024 de Hindustan Times.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición January 30, 2024 de Hindustan Times.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
GOP likely to clinch House control after taking Senate
Republicans on Saturday were close to clinching control of the US House of Representatives, a critical element for President-elect Donald Trump to advance his agenda when he returns to the White House in January.
Trump rules out re-appointing Pompeo, Haley in his new team
US President-elect Donald Trump ruled out on Saturday re-appointing two senior figures from his first administration, ex-secretary of state Mike Pompeo and former UN ambassador Nikki Haley.
Trump's team distances itself from plan outlined by GOP strategist
Donald Trump's presidential transition effort said on Saturday that a Republican operative who outlined some potential contours of a US-backed peace plan in Ukraine earlier in the day was not speaking on behalf of the president-elect.
Ukraine unleashes drone salvo, 34 strike Moscow
Ukraine attacked Moscow on Sunday with at least 34 drones, the biggest drone strike on the Russian capital since the start of the war in 2022, forcing flights to be diverted from three of the city's major airports and injuring at least five people.
Police in Canada arrest Pannun aide in temple attack case
Canadian police have arrested an aide of Sikhs for Justice (SFJ) general-counsel Gurpatwant Pannun in connection with a violent attack on a Hindu temple in the Greater Toronto Area (GTA) on November 3.
Trump rules out re-appointing Pompeo, Haley in his new team
WASHINGTON: US President-elect Donald Trump ruled out on Saturday re-appointing two senior figures from his first administration, ex-secretary of state Mike Pompeo and former UN ambassador Nikki Haley.
Bangladesh's interim government to seek Interpol assistance to repatriate former PM
Bangladesh's interim government on Sunday said it will seek Interpol's assistance in repatriating deposed prime minister Sheikh Hasina from India, and other \"fugitives\", to face trial for alleged crimes against humanity.
Israeli PM says he okayed pager attacks
Prime Minister Benjamin Netanyahu said on Sunday he okayed the deadly September attacks on Hezbollah's communications devices which exploded in Lebanon, the first time Israel has admitted involvement.
Hasina's opponents foil plan to hold Dhaka rally
Rival political groups of former Prime Minister Sheikh Hasina on Sunday thwarted a plan by her Awami League party to hold a rally in Bangladesh's capital, seen as a potential first effort to make a comeback on the streets since she fled the country in August amid a mass uprising.
The warning from Quetta
Suicide bombing in Balochistan is a reminder of the precarious security situation in Pakistan
