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Sensex, Nifty closed higher on sustained foreign fund inflows, drop in crude oil prices

Mumbai, May 5 (PTI) Equity benchmark indices Sensex and Nifty closed higher on Monday, supported by sustained foreign fund inflows and a sharp correction in global crude oil prices. The 30-share BSE benchmark climbed 294.85 points or 0.37 per cent to settle at 80,796.84, extending its previous day’s rally. During the day, it jumped 547.04 points or 0.67 per cent to 81,049.03. The NSE Nifty rose 114.45 points or 0.47 per cent to 24,461.15. From the Sensex firms, Adani Ports jumped 6.29 per cent amid reports that Gautam Adani’s representatives met with US administration officials to seek the dismissal of

Gold jumps Rs 550 to Rs 97,350/10 gm; silver declines Rs 400

New Delhi, May 5 (PTI) Gold prices rose Rs 550 to Rs 97,350 per 10 grams in the national capital on Monday amid rise in precious metal rates in the global markets. According to the All India Sarafa Association, the precious metal of 99.9 per cent purity had closed at Rs 96,800 per 10 grams on Friday. Gold of 99.5 per cent purity also appreciated Rs 550 to Rs 96,900 per 10 grams on Monday. The yellow metal had settled at Rs 96,350 per 10 grams in the previous market session. Meanwhile, the most traded June contract for gold futures

Rupee jumps 24 paise to close at 84.33 against US dollar

Mumbai, May 5 (PTI) The rupee surged 24 paise to 84.33 (provisional) against the US dollar on Monday, supported by a sharp decline in crude oil prices and a positive trend in domestic equities. Robust equity inflows — totalling Rs 2,769.81 crore — reflect continued foreign investor interest in Indian assets, forex traders said, adding while capital inflows offer support, global uncertainties could cap gains. At the interbank foreign exchange, the domestic unit opened at 84.45 and moved between the intra-day high of 84.10 and the low of 84.47 against the greenback. The unit ended the session at 84.33 (provisional),

Allahabad High Court disposes of petition on Rahul Gandhi’s Indian citizenship

Lucknow, May 5 (PTI) The Allahabad High Court’s Lucknow bench on Monday disposed of a petition questioning Congress leader Rahul Gandhi’s Indian citizenship and allowed the petitioner to explore other alternative legal remedies. A bench of Justices AR Masoodi and Rajiv Singh said that as the central government is not able to give any time limit to resolve the petitioner’s complaint, there is no justification to keep this petition pending. The court told petitioner S Vignesh Shishir, a BJP worker from Karnataka, that he is free to adopt other alternative legal remedies. In the PIL, Sishir had claimed that he

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