Sensex inches up 40 pts in muted trading; snaps two-day falling streak
Mumbai (PTI): Benchmark indices Sensex edged up nearly 40 points while Nifty ended above 25,750 points in a lackadaisical trade on Monday, snapping the two-day declining streak on buying in select auto and banking shares.
The 30-share BSE Sensex inched up by 39.78 points or 0.05 per cent to settle at 83,978.49 as 14 of its constituents advanced and 16 declined. During the day, it hit a high of 84,127 and a low of 83,609.54.
The 50-share NSE Nifty eked out a marginal gain of 41.25 points or 0.16 per cent to end at 25,763.35.
Profit taking at higher levels due to the absence of fresh domestic trigger and foreign fund outflows kept the market rangebound, analysts said.
Among Sensex firms, Mahindra & Mahindra was the biggest gainer, gaining 1.7 per cent after the October sales data. Tata Motors Passenger Vehicles (TMPV) rose by 1.69 per cent. Eternal, State Bank of India, Bharti Airtel and Kotak Mahindra Bank were also among the major gainers..
However, Maruti Suzuki dropped the most by 3.37 per cent. ITC, Tata Consultancy Services, Larsen & Toubro, Bharat Electronics and Titan were the major laggards.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 6,769.34 crore on Friday, while Domestic Institutional Investors (DIIs) bought stocks worth Rs 7,068.44 crore, according to exchange data.
In Asian markets, South Korea's Kospi, Shanghai's SSE Composite index and Hong Kong's Hang Seng index settled in positive territory.
Markets in Europe were trading with gains. US markets ended higher on Friday.
Global oil benchmark Brent crude dipped 0.14 per cent to USD 64.71 a barrel.
On Friday, the Sensex tanked 465.75 points or 0.55 per cent to settle at 83,938.71. The Nifty fell by 155.75 points or 0.60 per cent to 25,722.10.
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Indigo flights chaos: SCR to run special trains to clear passenger rush
Hyderabad (PTI): The South Central Railway on Saturday announced that it would run four special trains to manage the surge in passengers resulting from the large-scale cancellation of IndiGo flights here.
The move comes as flyers face significant disruption and long queues at the airport due to the cancellation.
A press release from the SCR said it is running the special trains to clear the extra rush of passengers to Chennai, Mumbai and Shalimar (Kolkata) from Hyderabad today.
Meanwhile, as many as 43 outbound Indigo flights were cancelled from here on Saturday, Rajiv Gandhi International Airport sources said.
ALSO READ: IndiGo cancels over 200 flights from Delhi, Mumbai on Saturday
Similarly, 26 incoming flights are also likely to be cancelled during the day, they said.
The flight cancellations drew ire from passengers, who thronged the IndiGo counters at the airport demanding to know the exact situation.
“This is utter nonsense! Digiyatra done, message received that departure has been rescheduled ahead of the scheduled departure and now upon arriving at Hyderabad airport coming to know at the security checkpoint that Indigo flight is cancelled,” Tarun Singha, former Ministry of Defence spokesperson said in a post on X.
“But the thing is if you don’t shout they do nothing. Example at Hyderabad Airport, there was no staff no flight information for an hour. Then a fellow passenger started shouting on mic and an Indigo staff appeared finally,” a netizen said in a post.
On Friday, when IndiGo cancelled over 1,000 flights from across airports, its CEO Pieter Elbers apologised in a video message for the major inconvenience caused to passengers due to the disruptions.
In the one-way video communication, Elbers also said that the airline was expecting fewer than 1,000 flights on Saturday.
