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Sensex rallies for 3rd day to regain 77,000-mark; Nifty climbs 108.65 points

Mumbai, Apr 16 (PTI) Equity benchmark indices Sensex and Nifty closed higher for the third straight day on Wednesday following buying in banking stocks and fresh foreign fund inflows as retail inflation slipping to near six-year lows raised hopes of further rate cuts. Defying a weak global market trend, the 30-share BSE Sensex climbed 309.40 points or 0.40 per cent to settle at a two-week high of 77,044.29 in a volatile session. After a weak start, the index moved between gains and losses during the session. It hit a high of 77,110.23 and a low of 76,543.77, gyrating 566.46 points.

Rupee gains 12 paise to settle at 85.68 against US dollar

Mumbai, Apr 16 (PTI) The rupee sustained its rally for the third straight session and settled with a gain of 12 paise at 85.68 (provisional) against the US dollar on Wednesday, boosted by the renewed inflow of foreign funds and a weak American currency. Positive domestic macroeconomic numbers amid the 90-day pause on US reciprocal tariffs triggered a buying rush in equities, strengthening the local currency, according to forex traders. Also, lower crude prices in international markets supported the domestic unit, they added. At the interbank foreign exchange, the domestic unit opened at 85.66 and moved between the intraday high

CJI Khanna recommends appointment of Justice Bhushan Ramkrishna Gavai as next CJI

New Delhi, Apr 16 (PTI) Chief Justice of India Sanjiv Khanna on Wednesday recommended to the Centre the name of Justice Bhushan Ramkrishna Gavai as the next CJI. Justice Gavai, the second senior-most Supreme Court judge after the incumbent CJI Khanna, is set to become the 52nd CJI on May 14 after the retirement of CJI Khanna on May 13. Justice Gavai, who was elevated as a judge of the Supreme Court on May 24, 2019, would have a tenure of over six months as the CJI. He is due to retire on November 23, 2025. CJI Khanna, who was

Gold soars Rs 1,650 to scale fresh peak of Rs 98,100 per 10 g; silver jumps Rs 1,900

New Delhi, Apr 16 (PTI) Gold prices soared by Rs 1,650 to hit an all-time high of Rs 98,100 per 10 grams in the national capital on Wednesday amid a global rush for safe-haven buying triggered by an escalated trade war between the US and China. According to the All India Sarafa Association, the precious metal of 99.9 per cent purity had finished at Rs 96,450 per 10 grams on Tuesday. Gold of 99.5 per cent purity also appreciated by Rs 1,650 to hit a fresh peak of Rs 97,650 per 10 grams against the previous close of Rs 96,000

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