Tamilaga Vettri Kazhagam chief Vijay will take oath as the chief minister of Tamil Nadu on Sunday, ANI reported. The swearing-in ceremony will take place at 10 am at Chennai’s Nehru Stadium. The actor-turned politician met Governor Rajendra Arlekar at the Lok Bhavan on Saturday
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Sensex Rises For 5th Straight Day, Ends 356 Points Higher, Nifty Above 25,100; BEL Rises 4%
Sensex Rises For 5th Straight Day, Ends 356 Points Higher, Nifty Above 25,100; BEL Rises 4%
Sensex Today: The Indian equity benchmarks closed the week on a strong note, supported by gains across most sectors.
The BSE Sensex advanced 355.97 points, or 0.44 per cent, to settle at 81,904.70, while the NSE Nifty 50 rose 108.50 points, or 0.43 per cent, to close at 25,114.
Shares of BEL, Bajaj Finance, Bajaj Finserv, Axis Bank, and Maruti Suzuki India led the rally, climbing up to 3.67 per cent. In contrast, Eternal, Hindustan Unilever (HUL), Trent, Titan Company, and Asian Paints were among the top laggards, slipping as much as 1.94 per cent.
In the broader market, the Nifty Midcap 100 gained 0.32 per cent, while the Nifty Smallcap 100 advanced 0.64 per cent. Sector-wise, all indices except FMCG, PSU Bank, and Media ended higher. The Nifty Metal index emerged as the top performer, up 0.93 per cent, driven by strong buying in Hindustan Copper and Hindustan Zinc.
Meanwhile, the India VIX, the market's barometer of volatility, eased 2.29 per cent to 10.12, indicating a softer risk perception among investors.
Global Cues
Across Asia, markets tracked Wall Street's rally. Mainland China's CSI 300 inched up 0.01 per cent, Hong Kong's Hang Seng surged 1.65 per cent, Japan's Nikkei rose 0.56 per cent, and South Korea's KOSPI gained 1.15 per cent.
Overnight, US stocks ended at record highs. The Dow Jones advanced 1.36 per cent, the Nasdaq climbed 0.72 per cent, and the S&P 500 added 0.85 per cent.
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On the macro front, US data showed consumer prices rose 0.4 per cent month-on-month in August, above the 0.3 per cent forecast in a Dow Jones poll. Year-on-year, CPI matched estimates at 2.9 per cent. However, the inflation print was overshadowed by a surge in jobless claims, which jumped to 263,000 for the week ended September 6 — the highest since October 2021 and well above expectations of 235,000.
Back in India, Infosys will be in focus after its board cleared a Rs 18,000 crore share buyback at Rs 1,800 per share, covering 10 crore shares, or 2.41 per cent of its equity.
Source: News18
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