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Markets rebound in early trade after two days of decline; Sensex jumps over 500 points

Mumbai, May 29 (PTI) Equity benchmark indices Sensex and Nifty surged in early trade on Thursday after two days of decline, mirroring a rally in Asian markets amid positive developments on the US tariffs front. Also, foreign fund inflows drove equity markets higher. The 30-share BSE benchmark gauge Sensex jumped 504.57 points to 81,816.89 in early trade. The NSE Nifty climbed 137.25 points to 24,889.70. From the Sensex firms, Infosys, Tata Steel, Tech Mahindra, HCL Tech, Tata Consultancy Services, Sun Pharma, Tata Motors and HDFC Bank were among the biggest gainers. UltraTech Cement, Bajaj Finance, Bajaj Finserv and Nestle were

Rupee declines 7 paise to 85.45 against US dollar in early trade

Rupee hits record low

Mumbai, May 29 (PTI) The rupee depreciated 7 paise to 85.45 against the US dollar in early trade on Thursday as the American currency strengthened after the US federal court blocked President Donald Trump’s sweeping reciprocal tariff order, fuelling hope of ending global trade uncertainties. The local unit was weighed down by higher crude oil prices overseas and disappointing domestic data on industrial output for April. However, inflow of foreign funds and buying trend in domestic equities capped the rupee’s fall, forex traders said. At the interbank foreign exchange, the domestic unit opened at 85.56 and gained some ground to

Senior citizens form nation’s bedrock: Rajasthan social justice minister

Jaipur, May 28 (PTI) Rajasthan Social Justice and Empowerment Minister Avinash Gehlot on Wednesday said that senior citizens form the bedrock of the nation, and stressed the importance of fostering a society where the elderly are not only supported but also regarded as valued members of the community. Gehlot said that the state government is committed to empowering elderly citizens and making them self-reliant through a range of welfare programmes. Speaking at a state-level workshop focused on the welfare and empowerment of senior citizens, Gehlot said that several initiatives have been taken up by the department, which include the Vriddh

Citing auto sales figures, Congress claims most Indians locked out of consumption economy

New Delhi, May 28 (PTI) Flagging a reported drop in the share of passenger cars in the overall auto sales, the Congress on Wednesday claimed that it points to most Indians being locked out of the consumption economy, growing inequality, stagnant incomes and weak investment. Congress general secretary in-charge of Communications Jairam Ramesh shared a media report which claimed that while the middle class is increasingly unable to transition from two-wheelers to entry-level cars, the sport utility vehicle (SUV) segment is recording a rising share of first-time buyers. There was no immediate response from the government or the BJP. “India

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