iPhone | iPad
Android
Huawei
The veteran actor was 93 years old
KT APPDOWNLOAD
India shares rise for second straight led by rally in banking stocks
NEW DELHI - Indian shares rose for a second straight session on Wednesday, driven again by a rally in banking stocks because of the US Federal Reserve’s decision to take a pause on interest rate hikes.
The gains came despite monsoon floods that paralyzed the western states of Gujarat and Maharashtra, home to some of India’s top manufacturing facilities.
The benchmark index of the Bombay Stock Exchange _ the 30-share Sensex _ climbed 130 points, or 1.2 percent, to 11,145. On the broader National Stock Exchange, the 50-company S&P CNX Nifty rose 1.3 percent to 3,255 points.
“The market expressed relief after the Fed left the rates unchanged,” said Jagdish Malkani, a member of the National Stock Exchange. “Good quality midcaps are rising as the buying interest is spreading, which indicates a bullish trend,” Malkani said.
State Bank of India jumped 2.5 percent to 865.45 rupees, while Oriental Bank of Commerce gained 3.8 percent.
Sensex heavyweight Oil & Natural Gas Corp. rose 1.2 percent to 1,203.85 rupees despite reports that it has shut down its natural gas plant at Hazira in Gujarat state, because of floods
ONGC shares got a lift after Gujarat’s Revenue Minister Kaushik Patel said the flood situation at Hazira is likely to improve later Wednesday.
More news from
Celebrating 15 years of metro, RTA distributed these cards at airport terminals 1 and 3 to facilitate easy and fast travel
This comes as part of an agreement signed in Chicago that will create close to 5,000 jobs
Prices for the Series 10 start at $399, with a cellular option available for $499
PM Anthony Albanese said his government would run an age verification trial before introducing laws this year
Weinstein is serving a 16-year sentence after being convicted on rape charges by a California court
They demand better safety measures, from adequate security staff, CCTV cameras to proper patient services in government hospitals, and removal of the city's police chief
Other senior officials were also present to receive the Bahraini King