Sensex inches up 40 pts in muted trading; snaps two-day falling streak
Mumbai (PTI): Benchmark indices Sensex edged up nearly 40 points while Nifty ended above 25,750 points in a lackadaisical trade on Monday, snapping the two-day declining streak on buying in select auto and banking shares.
The 30-share BSE Sensex inched up by 39.78 points or 0.05 per cent to settle at 83,978.49 as 14 of its constituents advanced and 16 declined. During the day, it hit a high of 84,127 and a low of 83,609.54.
The 50-share NSE Nifty eked out a marginal gain of 41.25 points or 0.16 per cent to end at 25,763.35.
Profit taking at higher levels due to the absence of fresh domestic trigger and foreign fund outflows kept the market rangebound, analysts said.
Among Sensex firms, Mahindra & Mahindra was the biggest gainer, gaining 1.7 per cent after the October sales data. Tata Motors Passenger Vehicles (TMPV) rose by 1.69 per cent. Eternal, State Bank of India, Bharti Airtel and Kotak Mahindra Bank were also among the major gainers..
However, Maruti Suzuki dropped the most by 3.37 per cent. ITC, Tata Consultancy Services, Larsen & Toubro, Bharat Electronics and Titan were the major laggards.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 6,769.34 crore on Friday, while Domestic Institutional Investors (DIIs) bought stocks worth Rs 7,068.44 crore, according to exchange data.
In Asian markets, South Korea's Kospi, Shanghai's SSE Composite index and Hong Kong's Hang Seng index settled in positive territory.
Markets in Europe were trading with gains. US markets ended higher on Friday.
Global oil benchmark Brent crude dipped 0.14 per cent to USD 64.71 a barrel.
On Friday, the Sensex tanked 465.75 points or 0.55 per cent to settle at 83,938.71. The Nifty fell by 155.75 points or 0.60 per cent to 25,722.10.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Kohli's U-19 teammate Amanpreet Singh Gill dies at 36
New Delhi (PTI): Former India U-19 and Punjab medium pacer Amanpreet Singh Gill died at the age of 36 in Chandigarh on Wednesday, leaving the cricket fraternity in mourning.
The cause of death is not yet known.
Gill, who was Virat Kohli's U-19 teammate, featured in six first-class matches for Punjab, picking up 11 wickets.
He was also part of the Punjab franchise (Kings XI Punjab) in the inaugural Indian Premier League season, and later served as a member of Punjab's senior selection committee.
"Punjab Cricket Association deeply mourns the sad demise of Amanpreet Singh Gill, former Punjab cricketer and Member, Senior Selection Committee Punjab,” the Punjab Cricket Association announced on X.
"Our heartfelt condolences to the bereaved family and loved ones. May Waheguru grant eternal peace to the departed soul and strength to the family in this difficult time."
Two-time World Cup-winning India all-rounder Yuvraj Singh also paid tribute to Gill.
"Deeply saddened to hear about Amanpreet Singh Gill’s passing. Shared the dressing room in our early days, he was a quiet, hardworking cricketer who loved the game. My heartfelt condolences to his family and loved ones. Rest in peace Om Shanti,” Singh posted on X.
Gill played five Youth ODIs and one Youth Test for India in 2007.
In the longer format, he claimed the wicket of former Sri Lanka all-rounder Thisara Perera.
However, he did not make the Virat Kohli-led India U-19 side that went on to win the 2008 World Cup.
“Deeply saddened by the passing of Amanpreet Singh Shergill, who proudly represented Punjab and was a part of the Punjab Kings family. Our heartfelt condolences to his family, friends, and the entire cricketing fraternity,” Punjab Kings posted on their official Instagram account.
