Sensex, Nifty hit record peaks in opening session
Mumbai, Nov 26: Market benchmark BSE Sensex jumped over 200 points in early trade on Tuesday to hit its record high of 41,108, and NSE Nifty surged to its lifetime peak of 12,126 amid sustained foreign fund inflow and positive global cues.
The 30-share index was trading 218.82 points, or 0.54 per cent, higher at 41,108.05. Similarly, the broader Nifty rose 51.55 points, or 0.43 per cent, to 12,125.50.
Top gainers in the Sensex pack included Yes Bank which rose up to 1.57 per cent, Tata Steel 1.54 per cent, Sun Pharma 1.45 per cent, ICICI Bank 1.48 per cent, Infosys 1.10 per cent and RIL 0.76 per cent.
On the other hand, Bharti Airtel fell up to 1.73 per cent, Kotak Bank 0.40 per cent, Bajaj Auto 0.33 per cent, L&T 0.22 per cent and Hero MotoCorp slipped 0.05 per cent.
On Monday, the Sensex ended 529.82 points, or 1.31 per cent, higher at 40,889.23 -- it's all-time closing peak. Likewise, the Nifty closed with a gain of 159.35 points, or 1.34 per cent, at 12,073.75 -- just shy of its life-time closing high.
According to experts, market is on a high tracking sustained buying from foreign investors over the last couple of weeks, easing global worries on the trade tariff front, new developments over divestment to curb fiscal deficit and expectations of cut in interest rate by the Reserve Bank of India.
Short covering ahead of the expiry of November derivatives contracts on Thursday is also contributing to the rally, traders said.
Foreign institutional investors bought shares worth Rs 960.90 crore in the capital market in the previous session, while domestic institutional investors sold equities worth Rs 213.66 crore, data available with stock exchange showed.
Elsewhere in Asia, bourses in Shanghai, Hong Kong, Seoul and Tokyo were trading on a mixed note.
Stocks on Wall Street ended in the green on Monday.
On the currency front, the rupee appreciated 8 paise against the US dollar to trade at 71.66 in early session.
Brent futures, the global oil benchmark, slipped 0.05 per cent to USD 62.59 per barrel.
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Trump says Islamic State group leader was killed in joint US-Nigerian mission
Washington (AP): President Donald Trump said US and Nigerian forces killed a leader of the Islamic State group in Nigeria in a mission carried out Friday.
Trump announced the joint operation in a late-night social media post that offered few details. He said Abu Bakr al-Mainuki was second in command of the Islamic State group globally and “thought he could hide in Africa, but little did he know we had sources who kept us informed on what he was doing.”
The US viewed Al-Mainuki as the key figure in IS organising and finance, and believed he was plotting attacks against the United States and its interests, according to an official who spoke on condition of anonymity because they were not authorised to share sensitive information.
Born in Nigeria's Borno province in 1982, al-Mainuki took the helm of the IS branch in West Africa after the group's previous leader in the region, Mamman Nur, was killed in 2018, according to the Counter Extremism Project, which tracks militant groups.
Al-Mainuki was based in the Sahel area, the monitoring group said, adding that it is believed that he fought in Libya when IS was active in the North African nation more than a decade ago. He was sanctioned by the US in 2023.
Trump in December directed US forces to launch strikes against the Islamic State group in Nigeria, though he released little detail then about the impact.
Nigeria has been battling multiple armed groups, including at least two affiliated with IS.
The Friday night operation was the latest instance in a string of covert missions abroad that Trump has announced this year, starting with the stunning overnight raid in January to capture and remove Venezuela's then-leader Nicolás Maduro and whisk him to the US, followed nearly two months later by the launch of strikes that kicked off the war with Iran.
