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Stock markets rebound in early trade mirroring rally in global peers

Mumbai, Jul 1 (PTI) Equity benchmark indices Sensex and Nifty rebounded in early trade on Tuesday after falling in the previous trading session, amid a rally in global markets. Moreover, buying in blue-chip stocks — Reliance Industries and HDFC Bank — also added to the markets optimism during the initial trade. The 30-share BSE Sensex climbed 177.79 points to 83,784.25 in early trade. The 50-share NSE Nifty went up by 51.2 points to 25,568.25. From the Sensex firms, Asian Paints, Bharat Electronics, UltraTech Cement, Reliance Industries, HDFC Bank and HCL Tech were among the gainers. However, Trent, Axis Bank, Eternal

Rupee rises 42 paise to 85.34 against US dollar in early trade

Mumbai, Jul 1 (PTI) The rupee appreciated 42 paise to 85.34 against the US dollar in early trade on Tuesday, as the American unit plunged to a multi-month low and a positive trend in domestic equities boosted sentiments. Forex traders said the US dollar index weakened in the overseas market as President Donald Trump’s growing influence on Federal Reserve policy revived fears over the central bank’s independence. Moreover, brent crude prices remained subdued, offering a buffer to India’s import bill and helping cool inflation. At the interbank foreign exchange, the domestic unit opened at 85.66 against the greenback. In initial

Ravada takes charge as Kerala police chief, vows strong action on drugs

Thiruvananthapuram, Jul 1 (PTI) Senior IPS officer Ravada A Chandrasekhar took charge as the new Kerala State Police Chief on Tuesday morning at the police headquarters here, a day after he was appointed to the key post by the Left government. He succeeded Shaik Darvesh Saheb, who retired on Monday. He was welcomed by senior officers and officially assumed office around 7 am. The baton was handed over to the new police chief by ADGP (Law and Order) H Venkatesh. After taking charge, Chandrasekhar expressed happiness at beginning his new role, while acknowledging the challenges ahead. He said he would

Pahalgam attack was act of economic warfare: EAM Jaishankar

New York, Jul 1 (PTI) The Pahalgam terror attack was an act of economic warfare meant to destroy tourism in Kashmir, External Affairs Minister S Jaishankar said, asserting that India has made it clear that it will not allow nuclear blackmail to prevent it from responding to terror emanating from Pakistan. India has had a string of terrorist attacks over the years emanating from Pakistan and in the wake of the April 22 Pahalgam terror attack, there was a sentiment in the country that “enough is enough,” Jaishankar said on Monday. His remarks came during a conversation with Newsweek CEO

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