Equity indices hit record highs; Sensex touches 37,000-mark
Mumbai, July 26: The S&P BSE Senseex and the NSE Nifty50 touched thier new record highs during the intra-day trade session on Thursday.
The barometer Sensex climbed over the 37,000-mark, while Nifty50 touched it's all time high of 11,178.85 points
According to analysts, better than expected quarterly results along with positive global cues led both the indices to their new highs.
However, both the indices receded from their peaks due to profit booking.
At 12.27 p.m., the wider Nifty50 traded at 11,166.70 points, higher by 34.70 points or 0.31 per cent from its previous close.
The barometer Sensex traded at 36,978.37 points (12.27 p.m.) -- higher by 120.14 points or 0.33 per cent -- from its previous close of 36,858.23 points.
It touched a new intra-day benchmark of 37,026.18 points and an intra-day low of 36,894.82.
"Positive global cues and a raft of encouraging Q1 results pushed Sensex and Nifty into all time highs on Thursday," said Deepak Jasani, Head of Retail Research at HDFC Securities.
The major gainers on the Sensex were State Bank of India, ICICI Bank, Tata Motors, Power Grid and Bharti Airtel, while Asian Paints, Larsen and Toubro, Kotak Mahindra Bank, Wipro and Infosys were the major losers so far.
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VHP warns of statewide stir in Karnataka against move to ease cattle transport law
Udupi (Karnataka) (PTI): The VHP on Saturday demanded the immediate withdrawal of a proposed amendment to the Karnataka Prevention of Slaughter and Preservation of Cattle Act, 2020, accusing the state government of weakening a law that has deterred illegal cattle transport.
The organisation's Go Raksha Wing, Karnataka South, has also announced district-level protests on December 8.
According to officials, the existing law mandates a bank guarantee for securing the release of vehicles seized for alleged illegal cattle transportation.
On December 4, the state Cabinet proposed an amendment enabling the release of such vehicles on an indemnity bond instead.
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Addressing reporters in Udupi, VHP leader and Prantha Goraksha Pramukh Sunil K R, said the government's move amounted to "sympathy for cattle lifters" and claimed that it was part of broader actions "targeting Hindus".
He argued that the law in its current form is stringent and has played a crucial role in reducing incidents of illegal cattle transport and theft.
Under the Act, vehicles involved in offences can be surrendered and, upon conviction, permanently seized by authorities. "Diluting these provisions will embolden offenders," Sunil said.
The VHP leader warned that easing the process of vehicle release would not only encourage violators but also result in rising cruelty against cattle.
Sunil further claimed that the strict enforcement of the 2020 law had brought down cases of cattle-related offences significantly. Rolling back these provisions, he said, could reverse those gains and would lead to an increase in illegal transport.
He reiterated that the government must reconsider its decision and preserve the integrity of the existing law.
