Sensex, Nifty soar to lifetime highs
Mumbai: Equity benchmark Sensex surged 704 points to end at its all-time high on Monday amid a rally in global markets following Joe Biden's victory in the US presidential election.
After touching its lifetime intra-day peak of 42,645.33, the 30-share BSE index ended 704.37 points or 1.68 per cent higher at 42,597.43 -- its record closing high.
The broader NSE Nifty too scaled a fresh intra-day peak of 12,474.05. It ended at a lifetime high of 12,461.05, up 197.50 points or 1.61 per cent.
IndusInd Bank was the top gainer in the Sensex pack, surging around 5 per cent, followed by Bharti Airtel, ICICI Bank, Axis Bank, PowerGrid, Tata Steel and HDFC Bank.
On the other hand, Maruti and ITC were among the laggards.
Indian markets opened on a positive note tracking positive Asian market peers as investors globally reacted to US presidential election results, said Narendra Solanki, Head- Equity Research (Fundamental), Anand Rathi.
Most market participants are hoping that the Joe Biden regime would spell good news for Indian companies, especially IT, and domestic financial markets.
During the afternoon session, markets continued to trade in high spirits on sustained strong global cues and foreign capital inflows into the domestic market.
"Foreign portfolio investors (FPIs) have put in a net Rs 8,381 crore into Indian markets in first five trading sessions of November, with participants growing more confident in view of resumption of business activities and better than expected quarterly numbers, among others," Solanki said.
FPIs purchased shares worth a net Rs 4,869.87 crore on Friday, according to provisional exchange data. Elsewhere in Asia, bourses in Shanghai, Hong Kong, Seoul and Tokyo ended up to 2.12 per cent higher.
Stock exchanges in Europe were also trading with nearly 2 per cent gains in early deals. Meanwhile, international oil benchmark Brent crude was trading 2.26 per cent higher at USD 40.34 per barrel.
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Kejriwal says he, AAP leaders will go to BJP office on Sunday; dares PM to get them arrested
New Delhi (PTI): Delhi Chief Minister Arvind Kejriwal said on Saturday that he and other AAP leaders would go to the BJP headquarters on March 19 "so that the prime minister can send anyone he wants to jail".
The BJP is saying they will send AAP MP Raghav Chadha and Delhi ministers Atishi and Saurabh Bharadwaj to jail too, he claimed at a press briefing hours after his aide Bibhav Kumar was arrested in connection with the alleged assault on his party's parliamentarian Swati Maliwal.
Kejriwal, who is also the AAP national convener, however, asserted that his party could not be crushed by sending its leaders to jail.
Accusing Prime Minister Narendra Modi of "playing the game" of sending AAP leaders such as Manish Sisodia, Satyendar Jain, and Sanjay Singh to jail, he said, "I along with my MLAs and MPs would go to the BJP office at noon tomorrow so that the prime minister can send anyone he wants to jail."
"The AAP is an idea. For as many AAP leaders you jail, the country would produce leaders a hundred times more," Kejriwal said.
He claimed that the AAP's "fault" was that its government in Delhi built good schools, set up Mohalla Clinics, provided free treatment and ensured free round-the-clock power supply in the city which the BJP could not do.
Kejriwal, who was arrested in a money laundering case linked to the alleged Delhi excise policy scam, has been granted interim bail till June 1 by the Supreme Court to campaign in the Lok Sabha polls. He will have to surrender and go back to jail on June 2, a day after the last phase of polling in the general elections.
