Business
Sensex up 400 points, Nifty near 17,400; Private Banks gain
The major benchmarks extended their gains and hovered near their session highs, supported by continued buying in some of the heavyweights.
The BSE Sensex hit a high of 58,456, up 617 points to 58,426. The NSE Nifty gained 183 points to 17,450.
Among Sensex 30 stocks, HDFC Bank and Infosys contributed a third of Sensex’s gains. Reliance and ICICI Bank are other major contributors. The four heavyweights rose 2.4%, 1.4%, 0.9% and 1.1%, respectively.
IndusInd Bank and Maruti remained the top gainers, up nearly 3.5% each.
A total of 160 stocks posted new 52-week highs, including Bank of Baroda, DB Realty, GNFC, National Aluminium, Reliance Infrastructure, Specialty Restaurants, TV18 Broadcast and Zee Learn. On the other hand, 21 stocks hit new 52-week lows, including Astrazeneca Pharma, Jubilant Pharma, Orchid Pharma, Sadbhav Infra, Take Solutions, Tasty Bite and Vijaya Diagnostic.
On the BSE, 227 stocks were locked at their respective caps, while 312 stocks touched their lower limits.
Among industry indexes, the BSE auto and consumer durables indexes each surged 1.7%. Health care, IT, telecom and metals indexes all rose more than 1%.
Elsewhere in Europe, the CAC 40 and DAX 30 were up about 1% each in early trade, while the FTSE 100 was up 0.4%. U.S. futures showed the Dow and Nasdaq opened up 0.5% and 0.7%, respectively.
Complete News Source : Business Standard
Business
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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