Business

Sensex soars 325 pts in early trade on global cues

Mumbai, October 9: The benchmark BSE Sensex soared by 325 points to trade above the 27,000 level today following a flurry of buying by investors amid strong Asian trends.

The 30-share index, which had lost 190.04 points in the previous, rebounded by 325.38 points, or 1.21 per cent, to 27,171.19 points.

All sectoral indices led by metal, capital goods, realty and banking were in the positive zone, rising up to 1.67 per cent.

The NSE Nifty too recaptured 8,200-mark by climbing 82.60 points, or 1.01 per cent, to 8,211.95.

Brokers said all-round buying by participants, tracking a rally at the other Asian markets following overnight gains at the Wall Street helped the indices rebound.

Global markets were firm after Federal Reserve meeting minutes raised expectations the US central bank will not hike rates any time soon.

In other markets in Asia, Hong Kong's Hang Seng rallied 1.76 per cent while Japan's Nikkei uptick 0.78 per cent in early trade today.

The US Dow Jones Industrial Average ended 0.82 per cent higher in yesterday's trade.

Exhicon targets 100+ firms at Navi Mumbai Industrial Expo

Navi Mumbai : Navi Mumbai has been the hot bed for industries since a long time. Several big and small companies have their base in Navi Mumbai. It is...

SaleBhai becomes 1st B2C e-commerce to file Draft Prospectus with BSE for IPO

New Delhi: SaleBhai Internet Limited, the owner and operator of SaleBhai.com, recently became the first B2C e-commerce company to have filed a Draft P...

International celebrities select platinum jewelry throughout 71st Annual Cannes Film Festival

New Delhi : International models and movie stars celebrated the latest cinematic achievements wearing spectacular platinum jewelry throughout the 71st...

FinTech firms assisting banks with customer acquisition

New Delhi: In the recent past, FinTech firms have seen an enormous transformation, backed by the current age of digitisation and a boom in digital dat...