Sensex Edges Up, Nifty Above 8,800-mark
Mumbai: Stocks on the domestic bourses kept their winning run going for a fourth session as the BSE Sensex gained over 35 points to 28,634.50 and NSE Nifty added 29 points to 8,808.40 points. The markets tracked gains in Asian markets as investors looked ahead to key central bank meetings this week in the US and Japan for clues on global monetary policies.
Also, the broader NSE Nifty managed to again move above the key 8,800-mark. Sentiment was bolstered by positive global cues as investors cheered the rally in oil and awaited the start of the Federal Reserve policy meeting later this week. Benchmark Brent crude price rose 1 per cent to $46.55 a barrel. After opening strong at 28,626.60, the Sensex rose further to hit a high of 28,714.77 on continued buying by investors and sustained foreign fund inflows.
However, it slipped into negative briefly to hit a low of 28,552.55 before settling 35.47 points or 0.12 per cent higher at 28,634.50, its highest closing since September 9, when it had ended at 28,797.25. The gauge had risen 245.49 points in the previous three days on firm global cues on receding fears of a US rate hike. The Nifty after shuttling between 8,824.30 and 8,774.20, settled 28.55 points or 0.33 per cent up at 8,808.40. As many as 21 scrips out of 30-share Sensex pack ended up.
Anand James, Chief Market Strategist, Geojit BNP Palribas Financial, said: “Positive Asian markets helped Indian stocks to shrug off last week’s negativity and encourage value buying. Meanwhile, Moody’s positive comments on the NPAs ensured that banking stocks continued to attract buying interest.”
Shares of ICICI Bank rose 1.61 per cent, to Rs 271.85 as unit ICICI Prudential Life Insurance Co’s Initial Public Offerings (IPO) worth Rs 6,057 crore and biggest for Indian markets in about six years, opened for subscription today. Shares of software services exporters, led by TCS and Infosys, were back in the limelight and contributed major support to the Sensex.
TCS was right on top rising 1.96 per cent to Rs 2,407.35, Wipro was up 0.13 per cent at Rs 480.40, while Infosys gained 0.08 per cent to Rs 1,061.15. According to Morgan Stanley report, emerging market growth is expected to improve to 4.7 per cent in 2017 from 4 per cent this year as more economies, including India, will transition towards gradual recovery, too positively impacted sentiments.
Overseas, Asian stocks ended largely higher with Hong Kong’s Hang Seng rising 0.92 per cent, while Shanghai Composite Index up 0.77 per cent. Japanese financial markets were closed today. Europe too was higher with London’s FTSE rising 1.12 per cent, Paris CAC up 1.31 per cent and Frankfurt-based DAX 30 higher by 0.70 per cent.
Source: PTI
Liveblog Updates:
A woman was killed and four other civilians were injured in Uri in Jammu and Kashmir's Baramulla district as the Pakistan army intensified artillery fire across the Line of Control (LoC) in Kashmir, officials said, adding that a large number of houses have also been damaged in the cross-border shelling.
Reports state that a Pakistani shell struck the vehicle the woman was traveling in, resulting in her death. The woman was identified as Nargis Bashir, and some of her family members had boarded a vehicle to flee from the Razarwani village in Uri that was hit by the mortar and artillery shells from Pakistan.
In an attempt to educate and make people aware about the consequences of war amid Pakistan's continuous firing in the border states, the Delhi government did a mock drill to test air raid sirens installed at the Public Works Department (PWD) at ITO and asked people to not react out of panic.
District Magistrate (Central) G. Sudhakar also urged people to remain calm and not be alarmed when they hear the sirens.
At least twice, sirens sounded during the drill, which started at 3 pm.
PWD Minister Parvesh Verma said 40-50 more such sirens will be installed across the national capital, each of which will cover an area of 8 km.
Residents present in Rajouri along the Line of Control have started moving to safer areas after heavy cross-border shelling and attempted drone and missile attacks last night by Pakistan. All drone and missile attacks were intercepted and foiled by India's air defence system.
#WATCH | J&K | Residents of Rajouri living along the LOC have started moving to safer areas after heavy cross-border shelling and attempted drone and missile attacks last night by Pakistan.
— ANI (@ANI) May 9, 2025
All drone and missile attacks were intercepted by India's air defence system and foiled,… pic.twitter.com/XITK0CsejT
Pakistan has claimed that its Economic Affairs Division account on social media has been hacked and called the post where it appealed for more loans from the international community owing to losses from Operation Sindoor "fake."
In a post on X, Pakistan's Ministry of Foreign Affairs Fact Checker shared a picture of the post and mentioned that it was "fake." Additionally, it asserted that the account had undergone hacking.
A missile-like object is found deep inside the Dal Lake after loud explosions were heard on Saturday morning in Srinagar, which is a major tourist attraction. The defense ministry also confirms that Pakistan has intruded into Srinagar's airspace in a press release.
Since the early hours of Saturday morning (10th May), Srinagar has been rocked with multiple explosions, and now electricity is taken off in various places across Kashmir. The reason for this is yet to be determined, as reports indicate multiple places in Kashmir have lost power. The Indian Army released a statement after the press briefing, where they mentioned that they have attacked and neutralized multiple terrorist launchpads in a coordinated fire assault, razing them to cinders.