Easing crude prices lift Indian equity indices
Mumbai, May 28: The key Indian equity indices traded in the positive territory on Monday afternoon due to the fall in global crude oil prices.
According to market analysts, heavy buying was observed in the capital goods, oil and gas and banking stocks.
However, heavy selling pressure on the IT, Teck (technology, entertainment and media) and consumer durables stocks limited the gains on the indices.
At 12.29 p.m., the wider 50-scrip Nifty of the National Stock Exchange (NSE) traded at 10,687.55 points -- up 82.40 points or 0.78 per cent -- from the previous close of 10,605.15 points.
Similarly, the 30-scrip Sensitive Index (Sensex) of the BSE, which had opened at 35,074.32 points, traded at 35,178.33 points (at 12.31 p.m.), higher by 253.46 points or 0.73 per cent from the previous close at 34,924.87 points.
The Sensex has so far touched a high of 35,174.43 points and a low of 35,006.50 points in the trade so far. The BSE market breadth was bullish with 1,728 advances so far against 731 declines.
The major gainers on the BSE were Sun Pharma, Coal India, Larsen and Toubro, Asian Paints and Maruti Suzuki while Tata Consultancy Services (TCS), Infosys, Bharti Airtel, Mahindra and Mahindra and Adani Ports were the major losers.
On the NSE, the top gainers were Sun Pharma, Hindustan Petroleum and BPCL. The major losers were Tech Mahindra, HCL Technologies and TCS.
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GRAP-III restrictions in Delhi as air quality remains 'severe' for third consecutive day
New Delhi (PTI): Delhi woke up to GRAP Stage III restrictions on Friday, as the city's air quality remained in the 'severe' category for the third consecutive day, prompting strict measures to curb pollution levels.
According to the Sameer aap , the Air Quality Index at 9 am was recorded in the 'severe' category (400 to 500), with a reading of 411.
The CAQM imposed GRAP Stage III as the national capital recorded the worst pollution levels in the country, with the air quality remaining in the 'severe' category for two consecutive days.
Prior to entering the 'severe' category, Delhi's air quality had been in the 'very poor ' range for 14 consecutive days.
It directed the authorities in Delhi-NCR to invoke curbs under stage III of the anti-pollution plan with immediate effect.
Curbs under Stage III include a ban on non-essential construction and demolition, closure of stone crushers and mining activities in Delhi-National Capital Region (NCR).
Under the Stage-IV restrictions of GRAP, all inter-state buses from NCR states 'except electric vehicles, CNG vehicles and BS-VI diesel buses' will be prohibited from entering Delhi, alongside a stringent ban on construction and demolition activities, suspension of mining-related activities, consideration of shifting to online classes for students up to Class V and daily water sprinkling on major roads.
Meanwhile, out of 39 monitoring stations in Delhi, a total of 27 stations recorded air quality in the 'severe' category, with readings above 400.
These stations include Alipur, Anand Vihar, Ashok Vihar, Aya Nagar, Bawana, CRRI Mathura Road, IGI Airport, ITO, Jahangirpuri, Mandir Marg, Mundka, Najafgarh, Nehru Nagar, North Campus, Okhla Phase 2, Patparganj, Punjabi Bagh, Pusa, RK Puram, Rohini, and several others.
The city recorded its lowest minimum temperature (night time temperature) of the season at 15.6 degree Celsius, 2.6 notches above normal, according to the weather department.
The night time temperature on Thursday was recorded at 16.1°C, the second highest of the season so far. A thick veil of fog blanketed the city, reducing visibility at Safdarjung to 400 meters at 7 am on Friday.
Humidity was recorded at 98 per cent at 8:30 am.
The weather department has forecast very dense fog for the day, with the maximum temperature expected to settle at 29 degrees Celsius.
Additionally, Delhi's air quality has been recorded as the worst in the country for the past two days.
