Sensex, Nifty continue to climb new highs; consumer durables, FMCG stocks rise
Mumbai, July 27: The bull run in the domestic equity indices continued on Friday, with both the S&P BSE Sensex and the NSE Nifty50 climbing to fresh record levels.
The barometer Sensex set a new benchmark of 37,327 points, and the Nifty50 touched an all-time high of 11,253.90 points.
Healthy buying activity was witnessed in the consumer durables, banking and FMCG stocks, analysts said.
Index-wise, the wider Nifty50 traded at 11,249.10 points (12.26 p.m.), higher by 81.80 points or 0.73 per cent from the previous close.
The 30-scrip Sensex, which had opened at 37,253.86 points, traded at 37,290.16 points (12.26 p.m.), against the previous close of 36,984.64 points. So far, it has touched an intra-day low of 37,134.88 points.
The major gainers of the Sensex were Tata Motors (DVR), ITC, Tata Motors, Hero MotoCorp and Bajaj Auto while Adani Ports, Power Grid, Hindustan Unilever, Tata Consultancy Services and Mahindra and Mahindra lost the most.
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.
Karnataka's Bill against Hate Speeches conspiracy against Hindutva activists: Pramod Muthalik
Davanagere: Sri Rama Sene national president Pramod Muthalik has accused the state government of using the proposed Hate Speech and Hate Crimes (Prevention) Bill to target Hindus and to suppress Hindutva organisations and their leaders.
Speaking at a press conference on Saturday, Muthalik said the Sene opposes the Bill. According to him, the government is bringing this legislation only to appease Muslim voters while selectively targeting Hindu voices.
He questioned whether it is wrong to speak against cow slaughter when the ban is already in force but violations still occur in many places. “Is it wrong to raise awareness among Hindus about love jihad? Is it wrong to oppose illegal construction of churches, mosques or encroachments on cremation grounds? Is objecting to religious conversions wrong?” he asked.
Muthalik alleged that the Bill attempts to silence anyone who questions or protests such issues. He said the move goes against the spirit of the Constitution framed by Dr B.R. Ambedkar and is aimed at weakening the Hindu community.
He urged BJP and JD(S) MLAs to strongly oppose the Bill in the upcoming session and ensure it does not get passed. The organisation will submit memorandums to all legislators and mount pressure, he added.
During the press meet, Muthalik tore copies of the Bill in protest. Leaders of Sri Rama Sene including Parashuram Nadavinamani, Yashavanth, Sridhar and Madhu were present.
