Business
Sensex gains over 200 points in opening session; Nifty trades above 17,400
The Indian stock market is off to a good start in 2022 on Monday, with the benchmark BSE Sensex rising about 340 points in opening trading due to hot buying in IT and power stocks.
As the early trading progressed, the BSE index was confident at the opening and further strengthened the gains. The transaction price was 58,593.26, an increase of 339.44 points or 0.58%.
Similarly, NSE Nifty rose 108.90 points, or 0.63%, to 17,462.95 in opening trading.
On the Sensex chart, TCS, Maruti, HCL Tech, L&T, Tech Mahindra and Wipro were among the companies with the largest gains.
In contrast, IndusInd Bank, M&M, Titan, Dr Reddy’s and HUL suffered losses.
From a sector perspective, the BSE automotive, IT and pharmaceutical indexes all rose sharply.
On Friday, the Indian stock market ended 2021 at a high level. On the last trading day of 2021, Sensex closed up 459.50 points or 0.80% to 58,253.82, and Nifty closed up 150.10 points or 0.87% to 17,354.05.
According to data from the stock exchange, on Friday, foreign institutional investors (FII) were net buyers in the capital market. They bought shares worth 575.39 crore.
Elsewhere in Asia, exchanges reacted mixedly to participants on the first trading day in 2022.
At the same time, the international oil benchmark Brent crude oil rose 0.69% to US$78.24 per barrel.
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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