Business
Sensex surges by over 371 points to 56,777, Nifty trades at 16,942
The BSE index Sensex rebounded more than 315 points to 56,721 in Tuesday’s opening session, led by buying in IT and FMCG shares, despite a sluggish global market due to the Ukraine crisis.
The 30-share Sensex opened on a positive note and consolidated its gains as morning trade progressed. It was last at 56,721.45, up 315.61 points or 0.56%.
Likewise, the NSE barometer Nifty was trading 128 points or 0.76 per cent higher at 16,970.80.
Sensex, mainly driven by HUL, Wipro, Tech Mahindra, Titan and Infosys, rose as much as 1.55%.
The BSE Sensex tumbled 1,747.08 points or 3% to end at 56,405.84 on Monday. It was the biggest one-day drop since Feb. 26, 2021.
Likewise, the NSE Nifty index plunged 531.95 points or 3.06% to 16,842.80, closing below the key 17,000 level for the first time this year.
Investors have lost more than Rs 1,238 crore in the past two days.
“Markets – stocks, bonds, crude oil, gold – have become highly volatile on fears of Russia-Ukraine tensions. Indian equities are expensively valued and had the biggest correction among emerging markets, with the Sensex down 3% yesterday,” Geojit Financial Services Chief Investment Strategist VK Vijayakumar.
Elsewhere in Asia, stocks fell on fears that Russia could invade Ukraine. The U.S. government has warned Russia of serious consequences if its forces attack Ukraine.
Brent futures, the global crude benchmark, fell 0.61% to $95.89 a barrel on Tuesday.
Foreign institutional investors (FII) became net sellers in the capital market on Monday as they dumped shares worth Rs 4,253.7 crore, according to stock exchange data.
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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