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Stock markets rebound in early trade as crude oil prices drop sharply

Mumbai, Jul 27 (PTI) Market benchmark indices Sensex and Nifty rebounded in early trade on Monday following a sharp decline in crude oil prices amid easing tensions in the West Asia. The 30-share BSE Sensex jumped 566 points to 76,608.66 in early trade. The 50-share NSE Nifty surged 153.60 points to 23,923.30. “Market sentiment has improved meaningfully over the weekend after the US and Iran paused military action, easing fears of an immediate supply disruption. Brent crude has corrected sharply, offering a significant tailwind for India through lower inflation expectations, an improved current account outlook and reduced pressure on the

Rupee rises 28 paise to 96.25 against US dollar in early trade

Mumbai, Jul 27 (PTI) The rupee gained 28 paise to 96.25 against the US dollar in early trade on Monday, taking cues from a sharp fall in crude oil prices and positive global sentiment after the US and Iran signalled an easing of tensions in West Asia. The American currency index also retreated from an elevated level, while domestic equities witnessed a strong buying trend, supporting the local currency further, forex traders said. At the interbank foreign exchange, the rupee opened at 96.18 but lost some ground to trade at 96.28 against the greenback, logging a gain of 28 paise

Sibal jabs govt over exam reform panel

New Delhi, Jul 27 (PTI) Rajya Sabha MP Kapil Sibal on Monday took a swipe at the Centre over its handling of the paper leak issue, saying the Modi government first doesn’t acknowledge a problem, calls protesters “anarchists and lathi-charges” them and then sets a task force for exam reforms. His remarks came a day after Prime Minister Narendra Modi announced the constitution of a high-powered task force, headed by Infosys co-founder Nandan Nilekani, for reforms in the examinations conducted by the National Testing Agency. The task force will give suggestions on maximum use of technology for setting up a

Uttarakhand BJP chief apologises for making ‘objectionable’ remarks against students

Dehradun, Jul 27 (PTI) Uttarakhand BJP chief Mahendra Bhatt has apologised after facing backlash from the Congress and other organisations for making allegedly objectionable remarks against students after Dharmendra Pradhan’s resigned as Union education minister over the NEET paper leak issue. In a social media post on Sunday, Bhatt said, “If any word or the way I phrased my statement yesterday inadvertently hurt anyone’s sentiments, I regret it and offer my apologies.” He clarified that it was not his intention to hurt anyone’s feelings. View this post on Instagram A post shared by Samachar4u (@samachar4unetwork) A video of Bhatt surfaced

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