Business
Markets end day in red; Sensex slumps 770 points to settle at 58,788, Nifty closes at 17,560
The stock benchmark Sensex fell 770 points on Thursday to settle below 59,000 as selling pressure intensified on profit-taking in IT and financial stocks.
Continued foreign capital outflows also weighed on sentiment, traders said.
The 30-share BSE index closed down 770.31 points, or 1.29%, at 58,788.02. Likewise, the NSE Nifty index fell 219.80 points or 1.24% to 17,560.20.
HDFC was the biggest laggard in the Sensex package, down more than 3%, followed by Infosys, L&T, Kotak Bank, Bajaj Finserv and Tech Mahindra.
On the other hand, ITC, Maruti, Titan, SBI and Asian Paints are the winners.
Among the Sensex constituents, 25 stocks closed lower and 5 advanced.
In other Asian markets, Tokyo closed in the red, while Seoul was positive.
Several Asian markets, including China and Hong Kong, were closed for the Lunar New Year holiday.
European stock exchanges were mixed in intraday trading. Brent crude, the international oil benchmark, fell 0.65% to $88.89 a barrel.
Foreign institutional investors (FIIs) remained net sellers in capital markets, dumping shares worth Rs 1.836 crore on Wednesday, according to stock exchange data.
India’s services sector activity slowed further in January, a monthly survey on Thursday showed, as new business growth slowed markedly due to the escalating outbreak, reintroduction of restrictions and inflationary pressures.
The seasonally adjusted index of business activity in India’s services sector fell to 51.5 in January from 55.5 in December, indicating the slowest expansion in the current six-month growth series.
Complete News Source : Hindustan Times
Business
Virat Kohli pays tribute to Ratan Tata, Jay Shah ‘deeply saddened’ by veteran industrialist’s demise
%20(3).jpg "Virat Kohli pays tribute to Ratan Tata, Jay Shah ‘deeply saddened’ by veteran industrialist’s demise")
Tributes continue to pour in for Ratan Tata, with Virat Kohli and Jay Shah taking to their social media accounts to bid farewell to the industrialist.
Former Indian captain and batting legend Virat Kohli paid a touching tribute to Ratan Tata, the legendary business tycoon, who passed away on Wednesday night. Tata, a Padma Vibhushan recipient, was undergoing treatment in intensive care since Monday but breathed his last in Mumbai, leaving a profound impact on many across the nation.
Kohli expressed his condolences through his Instagram account on Thursday morning, sharing a heartfelt message along with a photo of the late industrialist.
Tata’s contribution to business, society, and philanthropy has been widely acknowledged, and his passing marks the end of an era.
The Board of Control for Cricket in India (BCCI) secretary, Jay Shah, also conveyed his sorrow, stating, “Deeply saddened by the loss of Shri Ratan Tata Ji. His leadership, integrity, and dedication to society set a remarkable standard for legacy. My heartfelt condolences to his loved ones. Rest in peace, Sir.” Shah’s words reflect the collective grief of a nation that has long admired Tata’s contributions to the country.
BCCI’s tribute
Additionally, the BCCI issued a statement about his demise.
“The BCCI expresses its deepest sorrow and joins the nation in mourning the passing of Shri Ratan Tata ji. His invaluable contributions across diverse fields have been instrumental in shaping India’s growth and success story.
His extraordinary legacy, founded on the principles of passion, empathy, visionary leadership, innovation, and excellence, will continue to inspire and guide future generations for years to come,” the statement read.
Ratan Tata, born on December 28, 1937, in Mumbai, embarked on his journey with the Tata Group in 1962 as a young executive. Over the decades, he transformed the group into a global conglomerate. His work was acknowledged with India’s second-highest civilian honour, the Padma Vibhushan, in 2008, and he received numerous accolades, including honorary doctorates from prestigious institutions in India and abroad.
Tata is survived by his family, including brothers and sisters Simone Tata, Jimmy Tata, Noel Tata, Aloo Tata, Shireen Jejeebhoy, Deanne Jejeebhoy, Leah Tata, Maya Tata, Neville Tata, Manasi Tata, Jamset Tata, Tiana Tata, and others, as mentioned in a family statement.
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