Equity indices continue to set fresh benchmarks; Sensex breaches 37,500 mark
Mumbai, July 30 : Continuing their record-breaching spree, the key Indian equity indices rose to fresh benchmarks on Monday riding on the back of healthy quarterly earnings.
The barometer S&P BSE Sensex breached the 37,500-mark for the first time, touching an all time high of 37,511.39 points and the NSE Nifty50 touched a record level of 11,318.50 points.
According to analysts, banking and auto stocks witnessed healthy buying activity so far.
At 2.08 p.m. the wider Nifty50 on the National Stock Exchange, traded at 11,317.20 points, higher by 38.85 points or 0.34 per cent from its previous close of 11,278.35 points.
The 30-scrip BSE Sensex which had opened at 37,491.39 points traded at 37,490.61 points (2.09 p.m.), higher by 153.76 points or 0.41 per cent from its previous close of 37,336.85 points. It touched an intra-day low of 37,292.45 points.
The top gainers on the Sensex were ICICI Bank, State Bank of India, Bharti Airtel, Axis Bank and Power Grid while HDFC Bank, Infosys, Larsen and Toubro, Adani Ports and Wipro were among the major losers.
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Man arrested with Rs 2.54-crore heroin in Mumbai
Mumbai (PTI): Police have arrested a man and seized over 500 grams of heroin worth Rs 2.54 crore in the illicit market from him in Mumbai, officials said on Friday.
The police's Anti-Narcotics Cell (ANC) made the drug seizure in Santacruz in the western suburbs. The operation was conducted by the Kandivali unit of the ANC on Thursday as part of a special crackdown against drug trafficking in the area, they said.
Acting on specific inputs, an ANC team conducted a raid in Santacruz (East) and intercepted a man. During a search, the team recovered 508 grams of high-grade heroin from his possession, an official said.
The seized contraband, a highly addictive, opioid drug derived from morphine, is estimated to be worth Rs 2.54 crore in the international market, he informed.
Following the seizure, a case was registered against the man under relevant sections of the Narcotic Drugs and Psychotropic Substances (NDPS) Act, 1985, and he was formally placed under arrest in the early hours of Friday.
The police are currently investigating the source of the drug and trying to identify the intended recipients of the consignment, he said.
