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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BJP trying to add illegal voters from outside in Bengal electoral rolls: Mamata
Kolkata (PTI): West Bengal Chief Minister Mamata Banerjee on Tuesday alleged that the BJP was trying to include illegal voters from Bihar, Rajasthan, Haryana and Uttar Pradesh in the electoral rolls of the state to turn the poll outcome in favour of the saffron party.
Addressing an election rally in Paschim Medunipur’s Chandrakona, Banerjee also reiterated her plea before the gathering to ignore who the TMC candidates in the state’s assembly segments were and consider her as the candidate in all 294 seats.
“I was informed by Abhishek (Banerjee) yesterday that he had to rush to the EC office in Kolkata from the middle of his campaign schedule upon receiving information that about 30,000 forms were submitted in a single day to include fresh voters,” the TMC supremo said.
“The BJP is trying to include illegal voters from Bihar, Rajasthan, Haryana and Uttar Pradesh in the electoral rolls of Bengal. They are planning to transport outstation voters by means of railways, as they did in Bihar,” she alleged.
Claiming that the saffron party has "no respect" for Bengal and its people, the chief minister accused the BJP of colluding with the Election Commission and deleting names of women and minorities from the state’s electoral rolls in the garb of the SIR exercise.
“The BJP and EC are snatching the citizenship, constitutional and democratic rights of people. We will fight them every inch of the way,” Banerjee said.
Maintaining that the BJP would impose “ban on non-veg food consumption” of Bengalis if it comes to power in the state, the CM said the TMC would thwart the Centre’s attempts to implement NRC in the state through a backdoor and its plans of sending targeted citizens to detention camps.
