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Markets rebound nearly 1 pc on buying in power, banking stocks; Sensex jumps 650 pts

Mumbai, Feb 16 (PTI) Equity benchmark indices Sensex and Nifty rebounded sharply by nearly 1 per cent on Monday, driven by strong buying in power, banking, and financial stocks. Snapping its three-day decline, the 30-share BSE Sensex jumped 650.39 points, or 0.79 per cent, to close at 83,277.15. The 50-share NSE Nifty advanced 211.65 points, or 0.83 per cent, to settle at 25,682.75. PowerGrid emerged as the top gainer in the Sensex pack, rising 4.45 per cent, followed by HDFC Bank, Axis Bank, NTPC, ITC, Asian Paints, Bajaj Finserv, Bharti Airtel, Adani Ports, Tata Steel, Kotak Mahindra Bank, Reliance Industries

Rupee closes unchanged at 90.66 against US dollar

Mumbai, Feb 16 (PTI) The rupee settled flat at 90.66 (provisional) against the US dollar in a range-bound trade on Monday, as positive momentum in domestic equities was offset by a strong US dollar in the overseas market. According to forex traders, lower crude oil prices supported the local unit, while foreign fund outflows limited its movement. In the interbank foreign exchange market, the rupee opened at 90.63 against the US dollar and moved between an intraday high of 90.61 and a low of 90.72 during the session. The domestic unit closed the session at its previous closing level of

Wholesale inflation jumps to 10-month high on food price rise

NEW DELHI, Feb 16 (Reuters) – Wholesale prices rose 1.81% year-on-year in January, the fastest pace in 10 months, as vegetable and basic metal prices picked up, government data showed on Monday. Economists polled by Reuters had projected wholesale prices to rise 1.25% year-on-year in January, after a 0.83% rise a month prior. Wholesale price inflation was last higher in March 2025 at 2.25%. Get the latest news from India and how it matters to the world with the Reuters India File newsletter. Sign up here. The higher cost of manufacturing basic metals, prices of food and textiles, among others,

Opposition parties in Rajya Sabha want discussion on External Affairs, Commerce, Rural Development Ministries

New Delhi, Feb 13 (PTI) Leaders from various opposition parties in the Rajya Sabha have demanded that a discussion on the working of the External Affairs, Rural Development and Commerce Ministries be taken during the ongoing Budget session, sources said on Friday. According to a source, the demand was made at a meeting of the business advisory committee of the Rajya Sabha held on Thursday, as the Upper House takes up discussions on the working of ministries after recess in the Budget Session. Parliament will reconvene on March 9 after the recess. The government has, however, suggested that the working

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