Markets rebound after 3-day decline; Sensex jumps 447 points
Mumbai, Jul 29 (PTI): Benchmark equity indices Sensex and Nifty bounced back after a three-day fall, ending higher on Tuesday, powered by a rally in blue-chip stocks Reliance Industries and HDFC Bank.
The 30-share BSE Sensex jumped 446.93 points or 0.55 per cent to settle at 81,337.95. During the day, it surged 538.86 points or 0.66 per cent to 81,429.88.
The 50-share NSE Nifty climbed 140.20 points or 0.57 per cent to 24,821.10.
From the Sensex firms, Reliance Industries edged higher by 2.21 per cent. Larsen & Toubro, Asian Paints, Tata Motors, Adani Ports, Tata Steel, Maruti, Bharti Airtel, Bajaj Finance and HDFC Bank were also among the gainers.
However, Axis Bank, Tata Consultancy Services, Titan and ITC were among the biggest laggards.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 6,082.47 crore on Monday, according to exchange data.
In Asian markets, Japan's Nikkei 225 index and Hong Kong's Hang Seng settled lower while South Korea's Kospi and Shanghai's SSE Composite index ended in positive territory.
Markets in Europe were trading higher. The US markets ended on a mixed note on Monday.
Global oil benchmark Brent crude climbed 0.63 per cent up to USD 70.48 a barrel.
Stock markets declined for the third day on Monday.
The Sensex tanked 572.07 points or 0.70 per cent to settle at 80,891.02 on Monday. The Nifty declined 156.10 points or 0.63 per cent to 24,680.90.
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Accept Congress decision appointing V D Satheesan as Kerala CM: K C Venugopal
Thiruvananthapuram/New Delhi (PTI): Congress general secretary (organisation) K C Venugopal on Thursday accepted the party decision to select V D Satheesan as the chief minister of Kerala and congratulated him.
Speaking to reporters in New Delhi, Venugopal, who was one of the three persons being considered for the post, said he will provide all support to the CM and the UDF government in Kerala.
The decision comes more than 10 days after the results of the April Assembly polls in Kerala were declared.
The Congress-led UDF secured a more than two-thirds majority in the Kerala Assembly elections, but the party has been unable to decide its chief ministerial face due to lobbying by different camps and protests by workers at the ground level.
Besides, Satheesan and Venugopal, senior Congress leader Ramesh Chennithala was also in the race for the CM post.
