Stock markets bounce back in early trade amid rally in global peers, buying in blue-chips
Mumbai (PTI): Benchmark indices Sensex and Nifty rebounded in early trade on Thursday, tracking a rally in global markets and buying in blue-chip stocks.
The 30-share BSE Sensex climbed 376.89 points to 83,836.04 in early trade. The 50-share NSE Nifty went up by 81.5 points to 25,679.15.
From the Sensex firms, Asian Paints jumped over 4.50 per cent.
Mahindra & Mahindra, Reliance Industries, State Bank of India, Adani Ports, Trent and Larsen & Toubro were also among the gainers.
However, Power Grid, Eternal, Bajaj Finance and HDFC Bank were among the laggards.
In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng index traded in the positive territory.
US markets ended higher on Wednesday.
Meanwhile, Commerce and Industry Minister Piyush Goyal on Wednesday said India and the US are holding continuous discussions for the proposed bilateral trade agreement.
Stock markets were closed on Wednesday for Guru Nanak Jayanti.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,067.01 crore on Tuesday, while Domestic Institutional Investors (DIIs) bought stocks worth Rs 1,202.90 crore, according to exchange data.
On Tuesday, the Sensex dropped 519.34 points or 0.62 per cent to settle at 83,459.15. The Nifty declined 165.70 points or 0.64 per cent to 25,597.65.
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DGCA probe panel on flight disruptions visits IndiGo headquarters
Mumbai (PTI): The four-member panel, set up by Director General of Civil Aviation Faiz Ahmed Kidwai to investigate large-scale operational disruptions at domestic carrier IndiGo earlier this month, visited the airline's headquarters on Monday as part of the ongoing probe, sources said.
During the visit, they said, the panel members checked multiple aspects of the operations that could have resulted in the disruptions.
"The panel members visited IndiGo headquarters on Monday. They remained there throughout the day to take the ongoing probe ahead," a source privy to information told PTI.
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During the visit, said another source, the probe panel checked multiple aspects of operations, including infrastructure that could have resulted in such a large-scale disruption of services.
The four-member panel, comprising Joint DG Sanjay Brahamane, Deputy Director General Amit Gupta, senior Flight Operations Inspector Kapil Manglik, and FOI Lokesh Rampal, has been tasked with identifying the root causes of widespread operational disruptions.
Its mandate includes assessing manpower planning, fluctuating rostering systems, and the airline's preparedness to implement the latest duty period and rest norms for pilots.
