Stock markets surge for 4th day; Sensex jumps over 411 points
Mumbai (PTI): Equity benchmark indices Sensex and Nifty ended higher on Monday, taking their winning run to the fourth day in a row, driven by buying in blue-chip Reliance Industries and sustained foreign fund inflows.
A sharp rally in global markets also added to the markets' optimism.
The 30-share BSE Sensex jumped 411.18 points or 0.49 per cent to settle at 84,363.37. During the day, it zoomed 704.37 points or 0.83 per cent to 84,656.56.
The 50-share NSE Nifty surged 133.30 points or 0.52 per cent to 25,843.15.
From the Sensex firms, Reliance Industries climbed 3.52 per cent after the firm on Friday reported a 9.6 per cent year-on-year rise in net profit for the September quarter, driven by strong performance in its consumer-facing retail and telecom businesses and a recovery in its core oil-to-chemicals segment.
Bajaj Finserv, Axis Bank, State Bank of India, Tata Consultancy Services, Titan and Bharti Airtel were also among the gainers.
However, ICICI Bank, Mahindra & Mahindra, Eternal, Adani Ports and Power Grid 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 settled higher.
Markets in Europe were trading in the green.
US markets ended in positive territory on Friday.
Foreign Institutional Investors (FIIs) bought equities worth Rs 308.98 crore on Friday, according to exchange data. Domestic Institutional Investors (DIIs) also bought stocks worth Rs 1,526.61 crore on the same day.
"The Indian market extended its upward march on Monday, carrying forward the festive rally ahead of the Diwali Muhurat trading session. The Nifty-50 climbed, driven by strong buying in index heavyweights such as Reliance Industries," Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said.
Global oil benchmark Brent crude dipped 0.29 per cent to USD 61.11 a barrel.
"The Indian market extended its positive momentum, driven by better-than-expected Q2 results from major companies and festival optimism," Vinod Nair, Head of Research, Geojit Investments Ltd, said.
The BSE midcap gauge climbed 0.69 per cent and smallcap index went up by 0.59 per cent.
Among sectoral indices, energy jumped 1.48 per cent, teck (1.33 per cent), telecommunication (1.22 per cent), oil & gas (1.10 per cent), BSE Focused IT (1.05 per cent) and IT (0.96 per cent).
BSE commodities, FMCG, auto and power were the laggards.
"Markets began the week on an upbeat note and extended their upward momentum, largely supported by favourable domestic cues. The market's strength was underpinned by upbeat quarterly results from heavyweights such as Reliance, HDFC Bank, along with expectations of sustained foreign inflows amid improving global risk sentiment," Ajit Mishra – SVP, Research, Religare Broking Ltd, said.
A total of 2,530 stocks advanced while 1,740 declined and 194 remained unchanged on the BSE.
On Friday, the Sensex jumped 484.53 points or 0.58 per cent to settle at 83,952.19. The Nifty climbed 124.55 points or 0.49 per cent to 25,709.85.
Last week, the BSE benchmark jumped 1,451.37 points or 1.75 per cent, and the Nifty surged 424.5 points or 1.67 per cent.
Stock exchanges BSE and NSE will conduct a special Muhurat trading session on Tuesday.
The symbolic trading session will be held between 1:45 pm and 2:45 pm. The market will remain closed for regular trading on Tuesday, but a special trading window will be open for one hour.
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Eight black-capped capuchin monkeys arrive at Bannerghatta zoo
Bengaluru (PTI): Bannerghatta Biological Park on Monday announced the successful import of eight black-capped capuchin monkeys from a wildlife facility in South Africa under an animal exchange programme.
The four male and four female monkeys (Sapajus apella) were imported from the Induna Primate and Parrot Park in South Africa and arrived at the Kempegowda International Airport at around 9 pm on December 14, BBP said in a statement.
The exchange, carried out under a duly approved animal exchange programme, aims to strengthen conservation initiatives, enhance genetic diversity of the captive population, promote visitor awareness, and support scientific research, the statement said.
According to BBP officials, the import was conducted in strict compliance with all statutory and regulatory requirements.
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Prior approvals were obtained from the Central Zoo Authority, New Delhi, along with no-objection certificates from the State Chief Wildlife Warden, the Ministry of Environment, Forest and Climate Change, the Department of Animal Husbandry and Dairying, and the Wildlife Crime Control Bureau.
Import permits were also secured from the Directorate General of Foreign Trade (DGFT) in accordance with guidelines prescribed by the Department of Animal Husbandry, officials said.
"All animals were inspected and quarantined in South Africa as per the prescribed guidelines. In addition, advance no-objection certificates were obtained from the Animal Quarantine Services before importation," the statement said.
Upon arrival, the capuchins were placed in a designated quarantine facility and will undergo post-import health checks before being moved to the zoo premises for public display, officials said.
"This initiative underscores Bannerghatta Biological Park’s continued commitment to global conservation collaboration, scientific animal management, and compliance with national and international wildlife regulations," the statement added.
The exchange programme further strengthens BBP’s role in promoting best practices in ex-situ conservation and wildlife education.
