Sensex, Nifty hit fresh lifetime highs in early trade
Mumbai (PTI): Equity benchmark indices Sensex and Nifty hit their fresh all-time highs in early trade on Monday as investors' sentiment turned positive after India's economy grew at a higher-than-expected 8.2 per cent in July-September - the fastest pace in six quarters.
The 30-share BSE Sensex jumped 452.35 points to 86,159.02 -- its record peak. The 50-share NSE Nifty climbed 122.85 points to hit a lifetime high of 26,325.80.
From the Sensex firms, Adani Ports, Bharat Electronics, Eternal, Tata Motors Passenger Vehicles, State Bank of India and Kotak Mahindra Bank were among the biggest gainers.
However, ITC, Bajaj Finance, Titan and Tech Mahindra were the laggards.
India's economy grew at a higher-than-expected 8.2 per cent - the fastest pace in six quarters - in July-September, as front-loading of production ahead of GST rates cut boosted consumption that helped offset the impact of steep US tariffs.
"New record highs for the Nifty appear set to become the new norm, buoyed by India’s Q2 FY26 GDP print of 8.2per cent and broad-based sectoral strength," Prashanth Tapse l, Senior VP (Research), Mehta Equities Ltd, said.
In Asian markets, Shanghai's SSE Composite index and Hong Kong's Hang Seng index quoted in positive territory, while South Korea's Kospi and Japan's Nikkei 225 index traded lower.
US markets ended higher on Friday.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,795.72 crore on Friday, while Domestic Institutional Investors (DIIs) bought stocks worth Rs 4,148.48 crore, according to exchange data.
Brent crude, the global oil benchmark, jumped 1.62 per cent to USD 63.39 per barrel.
On Friday, the Sensex dipped by 13.71 points or 0.02 per cent to settle at 85,706.67. The Nifty skidded 12.60 points or 0.05 per cent to 26,202.95.
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345 Indian fishermen stranded in Iran return home via Armenia
New Delhi (PTI): A group of 345 Indian fishermen, who were stranded in Iran amid escalating regional tensions, returned to India via Armenia on Saturday, officials said.
External Affairs Minister S Jaishankar thanked his Armenian counterpart Ararat Mirzoyan for assistance in return of the Indian nationals.
The Indian nationals arrived in Chennai this evening, the officials cited above said.
The circumstances that led to them being stranded in Iran were not immediately known.
"Thank FM @AraratMirzoyan and the Government of Armenia for facilitating the evacuation of Indian fishermen today from Iran, through Armenia to India," Jaishankar said on social media.
Over 1,500 Indian nationals have left Iran through land border crossings in Armenia and Azerbaijan since the start of the West Asia conflict over a month ago.
"A group of Indian fishermen, stranded in Iran, are returning home via Armenia today; their flight is expected to reach India this evening," a government statement said.
It said the Ministry of External Affairs continues to closely monitor the evolving situation in the West Asian region, with the safety, security and welfare of the Indian community being accorded the highest priority.
It also made a mention of five Indians being injured in Abu Dhabi on Friday.
According to Abu Dhabi authorities, the Indian nationals were among the 12 people injured by debris from an intercepted missile.
"In an attack in Abu Dhabi, five Indian nationals were injured; four have been discharged, one remains under treatment," the Indian government's statement said.
It said the Indian mission in Abu Dhabi is extending "full" assistance and coordinating with local authorities, adding that their flight is expected to reach India this evening.
