India's benchmark indices closed higher on Tuesday after six consecutive sessions of decline, as disappointment with China's new stimulus measures lifted sentiment. Stocks also got a boost as investors deployed a buy-the-dip strategy following a 5 per cent fall over the previous six sessions. Heavyweights HDFC Bank and Reliance Industries were the biggest contributors to Sensex gains.
At close, the Sensex was up 584.81 points, or 0.72 per cent, at 81,634.81, and the Nifty soared 217.40 points, or 0.88 per cent, to settle at 25,013.20. The Nifty Midcap 100 and the Nifty Smallcap 100 also recorded gains of over 2 per cent.
In the previous six trading sessions, the Sensex and Nifty declined by 5.6 and 5.4 per cent, respectively, amid almost â¹40,000 crore pullout by foreign portfolio investors (FPIs). The selloff was triggered by a 30 per cent jump in China and rising tensions in West Asia.
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Concor's growth route shifts as demand dips
Weak exim volumes, competitive pressures add to logistics firm's demand woes
Benchmarks fall as IT, auto shares retreat
Benchmark indices declined for the second day. The Sensex fell 318.76 point or 0.39 per cent to settle at 81,501.36 while the Nifty dipped 86.05 point or 0.34 per cent to close at 24,971.30 on Wednesday.
Global fund managers pare India allocation: BofA
Global fund managers increased their allocation to China at India's expense after Asia's largest economy unleashed a stimulus package, according to a survey conducted by BofA Securities.
Quant MF scoops up nearly half of AEL's â¹4.2K cr QIP
Subscribes 6.66 mn shares at â¹2,962 apiece
MF licence aspirant list swells with new wave of AMCs ready to roll
New applications serve as launchpad for diversifying business and expanding capital market reach
' 'Kutty Japan' faces crackle of fireworks, barium bans
Impressed by its industrial vibrancy, former prime minister Jawaharlal Nehru affectionately referred to this small city in Tamil Nadu as 'Kutty Japan' (Kutty means 'mini' in Tamil). Now, in 2024, Nehru's Kutty Japan, popularly known as Sivakasi, still contributes to over 85 per cent of the fireworks made in the country, lighting up the festive colours of every city and village in India.
Agencies actively pursuing bomb threat cases: Minister
Law enforcement agencies are actively pursuing all cases of bomb threats against airlines and the government is closely monitoring the situation, Civil Aviation Minister K Rammohan Naidu said on Wednesday.
Amazon Prime Video to introduce ads next year
Amazon's streaming platform Prime Video will include advertisements in shows and films for Indian viewers starting next year.
Why language needs more than a tag
Earlier this month, the Union Cabinet granted classical language status to Marathi, Pali, Prakrit, Assamese, and Bengali. With Tamil (2004), Sanskrit (2005), Telugu (2008), Kannada (2008), Malayalam (2013), and Odia (2014) already designated as classical languages, this brings the total to 11.
I'm back: Omar Abdullah takes charge as J&K CM
5 ministers take oath, including Dy CM from Jammu region and 1 Independent
