Stock markets rally in early trade; Sensex jumps over 400 points
Mumbai (PTI): Stock market benchmark indices Sensex and Nifty surged in early trade on Friday, extending their previous session's rally, in-tandem with a positive global trends amid a rate cut by the US Federal Reserve.
The 30-share BSE Sensex climbed 402.99 points to 85,221.12 during early trade. The 50-share NSE Nifty jumped 115.3 points to 26,013.85.
From the Sensex firms, Larsen & Toubro, Tata Steel, Bajaj Finance, UltraTech Cement, Axis Bank and Bharat Electronics were among the major gainers.
However, Tech Mahindra, ITC, Infosys, HCL Tech and Hindustan Unilever were the laggards.
In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index and Hong Kong's Hang Seng index traded in positive territory while Shanghai's SSE Composite index quoted lower.
US markets ended mostly higher on Thursday.
Brent crude, the global oil benchmark, climbed 0.64 per cent to USD 61.69 per barrel.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 2,020.94 crore on Thursday, while Domestic Institutional Investors (DIIs) bought stocks worth Rs 3,796.07 crore, according to exchange data.
On Thursday, the Sensex climbed 426.86 points or 0.51 per cent to settle at 84,818.13. The Nifty went up by 140.55 points or 0.55 per cent to 25,898.55.
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Eight women labourers killed as truck hits tempo on Nagpur-Mumbai expressway
Jalna/Mumbai (PTI): Eight women labourers were killed, and three others were injured after a speeding truck rammed into a tempo on the Nagpur-Mumbai Expressway in Jalna district of Maharashtra on Wednesday evening, police said.
The incident occurred when a group of women was returning home after completing cleaning work on the expressway.
"A total of 11 persons, including the driver, were sitting in the tempo. As the vehicle was about to start, a speeding truck headed towards Mumbai rammed into it from behind at Kadvanchi village," a police official said, adding that seven women died on the spot and another succumbed in the Jalna government hospital.
The tempo was badly mangled, and the bodies were reportedly strewn across the road.
The deceased have been identified as Alkabai Admane (45), Laxmibai Madan (35), Meena Admane (45), Kanchan Admane (50), Tarabai Choudhari (60), Kadubai Madan (55), and Suman Admane (70), all residents of Jalna tehsil.
The identity of the eighth deceased is yet to be confirmed.
Three people are undergoing treatment at the hospital.
Police have arrested the truck driver and registered a case under relevant sections of the Bharatiya Nyaya Sanhita (BNS). Further investigation is underway.
Expressing grief, Maharashtra Chief Minister Devendra Fadnavis said the death of eight people is extremely unfortunate, and announced a financial assistance of Rs 5 lakh each to the next of kin of the deceased.
Fadnavis paid heartfelt tributes to the deceased and expressed solidarity with their families.
He said in a statement the injured have been immediately admitted to hospitals and the local administration is coordinating relief efforts.
The district collector and the superintendent of police are present at the spot, overseeing the situation, the chief minister added.
Environment Minister and Jalna District Guardian Minister Pankaja Munde has expressed deep sorrow over the incident.
In a condolence message, Munde extended her sympathies to the families of the deceased.
