Sensex, Nifty rebound after days of downtrend
Mumbai, Nov 19: Equity benchmark indices Sensex and Nifty bounced back on Tuesday after days of downtrend on value-buying at lower levels and rally in blue-chip stocks HDFC Bank, Tech Mahindra and M&M.
Continuous buying by domestic institutional investors also supported the indices, traders said.
Snapping its four days of decline, the BSE benchmark Sensex climbed 239.37 points or 0.31 per cent to settle at 77,578.38. However, fag-end decline in Reliance Industries restricted the market rally. During the day, it zoomed 1,112.64 points or 1.43 per cent to 78,451.65.
The NSE Nifty also bounced back after falling in the past seven trading days. It went up by 64.70 points or 0.28 per cent to settle at 23,518.50.
From the 30-share Sensex pack, Mahindra & Mahindra, Tech Mahindra, HDFC Bank, Titan, Tata Motors, UltraTech Cement, Power Grid and Infosys were the biggest gainers.
In contrast, Reliance Industries, State Bank of India, Bajaj Finserv, Maruti, Tata Steel and Bharti Airtel were among the laggards.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,403.40 crore on Monday, while Domestic Institutional Investors (DIIs) bought shares worth Rs 2,330.56 crore, according to exchange data.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settled higher.
European markets were trading lower. The US markets ended mostly higher on Monday.
Global oil benchmark Brent crude dipped 0.25 per cent to USD 73.12 a barrel.
The 30-share BSE benchmark dropped 241.30 points or 0.31 per cent to settle at 77,339.01, registering its fourth day of decline on Monday. Falling for the seventh day in a row, the Nifty dipped 78.90 points or 0.34 per cent to 23,453.80.
Leading stock exchanges BSE and NSE have declared a trading holiday on November 20 for assembly elections in Maharashtra.
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Belagavi: Miscreants break into house, stab pregnant woman
Belagavi: Miscreants reportedly broke into a house and stabbed a pregnant woman to death using a knife, in Chikkuda village of Athani taluk here on Sunday.
The deceased pregnant woman has been identified as Suvarna Mantaiah Mathapathy (35) of Chikkuda village. Suvarna was a mother of four daughters and was expecting her fifth child. She was due to give birth within the week, with the delivery date already scheduled by her doctor.
The incident reportedly occurred on Saturday when Suvarna's husband went to the plantation to fetch fodder for the cows, and their children were at school. During this time, the attackers broke into the house and struck Suvarna with a sharp weapon, and later fled the scene.
When her husband returned and called for her, Suvarna did not respond. Upon entering the house, he found his pregnant wife lying in a pool of blood. He rushed her to a nearby private hospital, but the doctor confirmed that she had died on the way due to her severe injuries.
The exact reason for the murder is yet to be ascertained. Meanwhile, a case in connection with the incident has been lodged at the Athani Police Station.
