Business

Sensex rebounds 132 points ahead of July derivatives expiry

Mumbai, July 29: The benchmark BSE Sensex recovered over 132 points in early trade today as stocks of metal, auto, IT and banking led gains on fresh buying by investors after falling for four straight sessions. 

The 30-share index rose by 132.42 points, or 0.48 per cent, to 27,591.65. The gauge had lost 1,045.70 points in the previous four sessions.

In similar fashion, the National Stock Exchange index Nifty edged higher by 37.90 points, or 0.59 per cent, to 8,374.90.

Brokers said covering-up of short positions in some bluechip stocks by speculators in view of July's derivatives expiry tomorrow helped snapping the four-session long falling streak.

Besides, a mixed trend at other Asian markets with investors taking cues from a rally on US markets ahead of a policy decision from the Federal Reserve, influenced the sentiments, they added.

Among other Asian markets, Hong Kong Hang Seng was up by 0.19 per cent, while Japan's Nikkei shed 0.58 per cent in early trade today.

The US Dow Jones Industrial Average ended 1.09 per cent higher in yesterday's trade.

India is the hot-spot of digital innovation: PM Modi

New Delhi: Prime Minister Narendra Modi on Monday said that India is the hot-spot of digital innovation, across all sectors.'We not only possess a gro...

Now, Rotomac Pen's Rs 800 cr defaulter flees country

New Delhi: After billionaire diamantaire Nirav Modi, another defaulter Vikram Kothari, the promoter of Rotomac Pen, has also allegedly gone abroad aft...

PNB scam: Odisha to review Gitanjali group's Rs 6-bn jewellery park project

Bhubaneswar: The Odisha government will review the Gitanjali group's Rs 6.36 billion project to set up a gem, jewellery, lifestyle and luxury goods pa...

Banks Face Nearly 20,000 Cr Blow In Nirav Modi Case: Tax Dept

New Delhi: Indian banks could take a hit of more than $3 billion from loans and corporate guarantees provided to diamond companies at the centre of th...