MUMBAI: The BSE Sensex hit another lifetime high of 40,030.86 on Thursday as the ruling National Democratic Alliance (NDA) was seen leading in the Lok Sabha vote count.
At 10.37 a.m., the Sensex was trading 914.68 points or 2.34%, higher at 40,024.89. The Nifty too jumped by 259.40 points or 2.21% to 11,997.30.
Earlier, equity markets opened strong on Thursday as initial trends showed BJP heading towards a strong majority — in line with most exit polls.
At 9:55am, the benchmark Sensex was trading at 39,833, up 722 points or 1.85%. The broader Nifty gained 214 points or 1.82% to touch 11,952.
Interestingly, India VIX index, which is looked upon as a barometer of near term volatility, drooped over 26%.
According to traders, investor sentiment was boosted by initial trends that suggested a win for the ruling NDA.
Amid market euphoria, the rupee also appreciated 26 paise to 69.40 against the US dollar in opening trade.
The 30-share index zoomed over 2% to hit an intra-day high of 39,901.59. Similarly, the broader NSE Nifty too spurted more than 2% to touch a record of 11,968.95.
In the previous session, the Sensex ended 140.41 points, or 0.36%, higher at 39,110.21; and the broader NSE Nifty rose 28.80 points, or 0.25%, to 11,737.90.
Top Sensex gainers in morning trade include IndusInd Bank, SBI, L&T, PowerGrid, Yes Bank, Kotak Bank, ICICI Bank, RIL, HDFC, Bharti Airtel and Axis Bank, rallying up to 7 per cent.
While, Vedanta, ONGC, Bajaj Auto and Sun Pharma slipped up to 1.92%.
Meanwhile, foreign institutional investors sold equity worth ₹965.02 crore on Wednesday, while domestic institutional investors sold shares to the tune of ₹157.75 crore, provisional data available with stock exchanges showed.
Elsewhere in Asia, bourses in China, Japan and Korea were trading on a negative note in their respective early sessions.
Brent crude, the global benchmark, was trading at 70.58 per barrel, lower by 0.58 per cent.
Anantnag attack: Injured SHO succumbs at AIIMS
Srinagar, June 16: Station House Officer (SHO) Arshid Ahmad Khan who was injured in Fidayeen Attack on June 13 succumbed to his injuries today at AIIMS Delhi.
Arshid was airlifted to AIIMS hospital in Delhi today from SKIMS. On Saturday morning the SHO was shifted to SKIMS from army’s 92 base hospital Badamibagh where he was admitted on June 13.
A police officer told news agency that SHO succumbed to injuries in AIIMS hospital this evening.
SHO along with three paramilitary CRPF men were injured in Fidayeen Attack near KP road in Anantnag on June 13. Five CRPF troopers including two officers of ASI rank were killed also killed in the attack. One of the militants was later gunned down by the joint team of forces. A teenage girl was also injured during the incident. (GNS)
J&K on high alert after Pakistan warns India of Pulwama-type attack
Srinagar, June 16: Security forces in Jammu and Kashmir are on high alert after Pakistan reportedly warned India of a Pulwama-type attack.
Pakistan shared intelligence inputs with India and the US regarding the threat of a possible attack in Pulwama district, The Indian Express reported. According to the intelligence inputs, militants may carry out an attack using an improvised explosive device (IED) mounted on a vehicle to avenge the killing of Zakir Musa. The Jammu and Kashmir Police is on its toes after the alert.
“The Pakistanis shared this information regarding the possibility of such an attack with our High Commission in Islamabad. They had also shared this information with the Americans, who too, informed us. So this information has come directly as well as via the Americans to us. The attack, the Pakistanis say, is being ostensibly planned to avenge the killing of Zakir Musa,” a top security official was quoted as saying.
Zakir Musa, the head of the Ansar Ghazwat-ul-Hind, a group affiliated with the Al-Qaeda, was killed by security forces in an encounter at Tral in May. He launched his Ansar Ghazwat-ul-Hind after breaking away from the Hizbul Mujahideen in May 2017. Pakistan PM Imran Khan Makes Veiled Attack on India Over Kashmir During Address in SCO Summit 2019.
“We are reading Pakistan’s sharing of this information in two ways. It is either a way to make sure that they avoid blame if a big attack takes place, because they have already shared the information with the Americans. Or it is a genuine attempt to inform us ahead after they found out, particularly because the information is regarding a plan to attack by members of an al-Qaeda linked group. We also understand that any activities of militants linked to al-Qaeda are seen differently by them (Pakistan),” the official said.
Tendulkar sues Australian cricket bat maker over $2 million in royalties
Sydney: Sachin Tendulkar has filed a civil lawsuit against an Australian bat manufacturer, accusing it of using his name and image to promote products and then failing to pay him $2 million in royalties.
In Federal Court papers filed this month and reviewed by Reuters, Tendulkar said Sydney-based Spartan Sports International agreed in 2016 to pay him at least $1 million a year to use his image, logo and promotional services to sell “Sachin by Spartan” sporting goods and clothing.
The retired star batsman soon went to work promoting the products, and appeared at a range of promotional events in places such as London and the Indian financial hub of Mumbai, the documents showed.
However, by September 2018, Spartan had failed to make a single payment owed, Tendulkar said, and he made a formal request for payment. When none came, he ended the agreement, asking the company to stop using his name and likeness.
Yet Spartan continued to do so, according to the documents.
Spartan, whose legal representative was not listed on the Federal Court website, did not respond to an email request from Reuters for comment.
Les Galbraith, listed by the court documents as its chief operating officer, did not respond to a private message sent to his LinkedIn page.
The law firm listed as representing Tendulkar, Gilbert + Tobin, declined comment.
Tendulkar’s civil claim accused the Australian company of misleading or deceptive conduct, “passing off”, or suggesting an official endorsement when none existed, and breach of contract. It did not say what damages were sought.
Tendulkar became the world’s leading run-scorer in tests and one-day internationals, with more than 34,000 runs and 100 centuries, in a 24-year career that ended in 2013.
In 2012, he was made an honorary member of the Order of Australia, one of the country’s highest civil awards.
The court website showed the lawsuit was filed on June 5, with the first court date in Sydney on June 26. Reuters
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