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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IPL first phase schedule announced amid travel concerns caused by war in West Asia
New Delhi (PTI): Defending champions Royal Challengers Bengaluru will take on Sunrisers Hyderabad in the IPL 2026 opener in Bengaluru on March 28 as the BCCI announced the first phase of the tournament schedule amid concerns around players' travel arrangements due to the ongoing West Asia conflict.
All matches scheduled at the Chinnaswamy Stadium remain subject to clearance from the Karnataka government appointed expert committee, which is scheduled to meet on March 13 to assess venue preparedness in the wake of the deadly stampede at the stadium last season.
The BCCI announced the schedule of the first 20 games on Wednesday and will unveil the full schedule once the dates of elections in three states -- Tamil Nadu, Assam and West Bengal -- are announced.
Besides the state elections, the escalating conflict in West Asia will also be at the forefront of BCCI officials' minds. The war has wreaked havoc to international travel with operations of major airports like Doha and Dubai being heavily restricted.
As a result of that, some of the squad members of South Africa and West Indies are yet to reach home a week after the completion of their T20 World Cup campaign.
It remains to be seen if IPL bound players of those two nations report to their respective teams in time.
"There was a substantial delay in departure of West Indies and South Africa players. It would be a tough task to get them back to India on time. Plus the airfares have gone up substantially due to the war in West Asia," a team official told PTI.
Additionally, hotels across India are facing cooking gas shortage due to the raging conflict and on Tuesday, the central government invoked Essential Commodities Act to ensure uninterrupted supply of domestic cooking gas.
Chennai Super Kings CEO Kasi Viswanthan told PTI that he is expecting his players from the West Indies and South Africa -- Akeal Hossein and Dewald Brevis, to join the team well before their IPL opener.
"We are expecting no delays from their end," he said.
The second game of the opening weekend will see Mumbai Indians host Kolkata Knight Riders at the Wankhede Stadium and the opening weekend will not feature any double-headers.
A total of 20 matches will be played across 10 venues: Bengaluru, Mumbai, Guwahati, New Chandigarh, Lucknow, Kolkata, Chennai, Delhi, Ahmedabad and Hyderabad.
"During the season, Royal Challengers Bengaluru will play five home matches in Bengaluru and two in Raipur. Punjab Kings will play four home matches in New Chandigarh and three in Dharamshala, while Rajasthan Royals will play three home matches in Guwahati and four in Jaipur," said the BCCI in a statement.
"During this period (the first 16 days), the tournament will feature four double-headers, with the afternoon matches beginning at 03:30 PM IST and the evening matches commencing at 07:30 PM IST.
"Following the opening encounter on Saturday, Mumbai Indians will take on Kolkata Knight Riders at the Wankhede Stadium in Mumbai on Sunday.
"The matches scheduled in Bengaluru are subject to clearance from the Expert Committee constituted by the Government of Karnataka," the BCCI added.
