Easing crude prices lift Indian equity indices
Mumbai, May 28: The key Indian equity indices traded in the positive territory on Monday afternoon due to the fall in global crude oil prices.
According to market analysts, heavy buying was observed in the capital goods, oil and gas and banking stocks.
However, heavy selling pressure on the IT, Teck (technology, entertainment and media) and consumer durables stocks limited the gains on the indices.
At 12.29 p.m., the wider 50-scrip Nifty of the National Stock Exchange (NSE) traded at 10,687.55 points -- up 82.40 points or 0.78 per cent -- from the previous close of 10,605.15 points.
Similarly, the 30-scrip Sensitive Index (Sensex) of the BSE, which had opened at 35,074.32 points, traded at 35,178.33 points (at 12.31 p.m.), higher by 253.46 points or 0.73 per cent from the previous close at 34,924.87 points.
The Sensex has so far touched a high of 35,174.43 points and a low of 35,006.50 points in the trade so far. The BSE market breadth was bullish with 1,728 advances so far against 731 declines.
The major gainers on the BSE were Sun Pharma, Coal India, Larsen and Toubro, Asian Paints and Maruti Suzuki while Tata Consultancy Services (TCS), Infosys, Bharti Airtel, Mahindra and Mahindra and Adani Ports were the major losers.
On the NSE, the top gainers were Sun Pharma, Hindustan Petroleum and BPCL. The major losers were Tech Mahindra, HCL Technologies and TCS.
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Congress in Karnataka to stage protest on Apr 28 against 'paltry' drought relief given by Centre
Bengaluru, Apr 27: Karnataka Deputy Chief Minister D K Shivakumar on Saturday said the Congress will stage a demonstration on April 28 here against the 'paltry' drought relief given by the Centre to the state.
Shivakumar, who is also Congress state president, said against the demand for Rs 18,172 crore to mitigate drought in the state, the Centre has sanctioned only Rs 3,454 crore.
The union government has announced a very paltry sum of relief, which will be grossly insufficient to provide drought relief to farmers, he told mediapersons here.
ALSO READ: Centre drought relief like feeding elephant halfpenny-worth buttermilk, DKShi’s jibe at union govt
"In this regard, we have decided to stage a protest near the Gandhi statue at Vidhana Soudha. We will also continue our legal battle for more drought relief. We are not seeking alms, this is our right," he noted.
Shivakumar said Karnataka had only sought 50 per cent of the estimated loss of Rs 35,000 crore, but the Centre has agreed to release only a fraction of that.
ಬರಪರಿಹಾರ ಬಿಡುಗಡೆಯಲ್ಲಿ ಕನ್ನಡಿಗರು ಹಾಗೂ ರಾಜ್ಯದ ಅನ್ನದಾತರಿಗಾಗಿರುವ ಅನ್ಯಾಯ ಖಂಡಿಸಿ ಭಾನುವಾರ ಬೆಳಗ್ಗೆ ವಿಧಾನಸೌಧದ ಗಾಂಧಿ ಪ್ರತಿಮೆ ಬಳಿ ಪ್ರತಿಭಟನೆ ಹಮ್ಮಿಕೊಳ್ಳಲಾಗಿದ್ದು, ಕರ್ನಾಟಕದ ಸ್ವಾಭಿಮಾನ ಉಳಿಸಲು ನಮ್ಮನ್ನು ಬೆಂಬಲಿಸಿ. #InjusticeForKarnataka #CongressWithFarmers #DroughtRelief pic.twitter.com/BYE6tp7uH2
— DK Shivakumar (@DKShivakumar) April 27, 2024
