Asian cues push equity indices higher; Sensex gains over 200 points
Mumbai, July 9 : Firm Asian cues lifted the key Indian equity indices on Monday, with the BSE Sensex rising over 200 points.
according to market analysts, investor sentiments in the Asian markets were supported by a healthy US jobs data released on Friday.
In the domestic indices, they said, healthy buying was witnessed in the banking, auto and metal stocks.
At 12.17 p.m., the broader Nifty50 of the National Stock Exchange (NSE) traded at 10,838.40 points -- higher by 65.75 points or 0.61 per cent -- from its previous close of 10,772.65 points.
The barometer 30-scrip Sensex on the BSE, which had opened at 35,835.10 points, traded at 35,884.18 points (12.20 p.m.) -- up by 226.32 points or 0.63 per cent -- from its previous session's close of 35,657.86 points.
Sensex has so far touched a high of 35,931.09 points and a low of 35,779.72 points during the intra-day trade. The BSE market breadth was bullish with 1,574 advances against 770 declines.
The top gainers on the Sensex were Vedanta, Axis Bank, Yes Bank, Sun Pharma and Tata Motors whereas Tata Consultancy Services (TCS), Coal India and HDFC were the losers.
On the NSE, Vedanta, Dr Reddy's Lab and Axis Bank were the highest gainers while TCS Ultratech Cement and HDFC lost the most.
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Five to six opposition MLAs might cross over to Mahayuti in few months: NCP chief whip Anil Patil
Mumbai, Nov 24: There is unrest in the Maha Vikas Aghadi camp and its five to six MLAs might join the ruling Mahayuti in the next few months, claimed NCP chief whip Anil Patil, who has retained his Amalner assembly seat, on Sunday.
The MVA of Congress, NCP (SP) and Shiv Sena (UBT) suffered a crushing blow in the Maharashtra assembly polls, winning only 46 of the state's 288 seats. By contrast, the BJP-led ruling coalition, which also has NCP and Shiv Sena as partners, bagged an impressive 230 seats.
“There is tremendous unrest among some NCP (SP), Congress and Sena (UBT) MLAs who have been re-elected. Those having good relations with us have expressed concerns over MVA’s massive defeat,” Patil told Marathi news channel ABP Majha.
If one wants development works in his constituency, it is good to be in power, said the legislator from Ajit Pawar’s party.
“The MVA MLAs feel their future is uncertain. It shouldn’t be a surprise if five to six MLAs cross over to the Mahayuti in the next four months,” he said.
In the results of the Maharashtra polls declared on Saturday, BJP won in 132 constituencies, while its partners Shiv Sena and NCP walked away with 57 and 41 seats, respectively.
From the MVA camp, Shiv Sena (UBT) bagged 20 seats followed by Congress’ 16 and 10 by NCP (SP).
