Opening bell: Sensex nears 50,000 mark as budget day rally continues
Video Credit: ANI - Duration: 01:20s - Published
Opening bell: Sensex nears 50,000 mark as budget day rally continues
Equity benchmark indices jumped by nearly 3 per cent during early hours on Tuesday as investors continued their positive reaction to the Union Budget amid strong global cues.
At 10:15 am, the BSE SandP Sensex was up by 1,312 points or 2.7 per cent at 49,912 while the Nifty 50 edged higher by 390 points or 2.73 per cent to 14,671.
All sectoral indices at the National Stock Exchange were in the positive terrain with Nifty financial service gaining by 3.7 per cent, private bank by 3.5 per cent, PSU bank by 3.2 per cent and auto by 3.1 per cent.
Among stocks, Tata Motors accelerated by 9.2 per cent to Rs 305.50 per share while infrastructure major Larsen and Toubro too gained by 9 per cent to Rs 1,559.10.HDFC Bank moved up by 5.8 per cent, Axis Bank by 4.2 per cent and State Bank of India by 4 per cent.
The other major gainers were housing finance major HDFC, Bajaj Finance, UPL, Grasim and Mahindra and Mahindra.
However, those which lost were Hero MotoCorp, HDFC Life, Hindustan Lever and Dr Reddy's.
Meanwhile, Asian stock markets extended gains on increased optimism about stimulus packages and global economic recovery.
Market pressure persisted for the third consecutive session as key indices, including Sensex, Nifty, and Nifty Bank, witnessed notable declines. The midcap index closed in the red despite performing relatively better. Geopolitical tensions between Iran and Israel contributed to the market downturn. US stock futures dipped after major benchmarks suffered losses, while European and Asia-Pacific markets also experienced significant drops.
#Business #Businessnews #StockExchange #IranIsrael #Businessimpact #Sensex #Nifty #Gold #Businessupdates #Economy #Indianews #Oneindia #OneindiaNews
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As the Lok Sabha elections unfold, politicians are making bold moves and claims. From Tejashwi Yadav's orange video to Meesa Bharti's warning of jail time for PM Modi, the political drama is heating up. Rahul Gandhi vows to end poverty by promising to transfer ₹1 lakh annually to impoverished women. Stay tuned to Oneindia News for the latest election updates and global news.
#SBI #ElectoralBonds #ElectoralBondData #RTI #RTIAct #CJIChandrachud #Indianews #LokSabhaelections #Politics #Oneindia #Oneindianews
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State Bank of India (SBI) declines to disclose details of electoral bonds submitted to the Election Commission, citing the RTI Act. In response to RTI activist Commodore (retired) Lokesh Batra's request for complete disclosure of electoral bonds data in digital format, SBI refuses, following Supreme Court's order.
#SBI #ElectoralBonds #ElectoralBondData #RTI #RTIAct #CJIChandrachud #Indianews #LokSabhaelections #Politics #Oneindia #Oneindianews
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Dramatic exchanges unfolded in the Supreme Court today as a Constitution bench convened to hear petitions alleging that the State Bank of India (SBI) had provided incomplete data following the landmark verdict in the electoral bonds case. Advocates, including Mathews Nedumpara, engaged in heated discussions with Chief Justice of India DY Chandrachud during the proceedings.
#CJIChandrachud #LawyerRebuke #PollBonds #ElectoralBonds #SupremeCourt #LegalDrama #CourtroomExchange #JudicialProceedings #ViralVideo #SBI #Transparency #JudicialDecorum #LegalProtocol #CourtroomEtiquette #ConstitutionBench #ContemptOfCourt #ElectionCommission #PublicAccess #LegalProcedure #RuleOfLaw
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The Supreme Court dismissed the State Bank of India's plea for an extension to disclose electoral bond details, directing disclosure by March 12, 2024. This decision follows the court's ruling against the 2018 electoral bond scheme changes. SBI's confusion over matching exercises was clarified by the Chief Justice, emphasising the need for plain disclosure. Contempt proceedings may ensue if directives are not followed.
#SupremeCourt #StateBankofIndia #SBI #SBINews #ElectoralBonds #ElectoralBondScheme #Indianews #CJIChandrachud #Oneindia #Oneindianews
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