Connect with us
Friday,06-June-2025
Breaking News

Business

Sensex ends at new record level, RIL above Rs 2,400/share

Published

on

BSE

The record run in the Indian stock market continued on Monday with the key indices ending at record closing highs.

The BSE Sensex touched a new all-time high of 58,515.85 points, and the Nifty50 on the National Stock Exchange (NSE) hit its record high of 17,429.55 points during the session.

Index-heavyweight Reliance Industries (RIL) supported the rise in the market. Shares of RIL on the BSE closed at Rs 2,424.55, higher by Rs 36.30 or 1.52 per cent from its previous close.

At the end of the day’s trade, the market capitalisation of RIL stood at Rs 15.37 lakh crore.

Upward movement in the global markets also lifted the domestic indices during the day.

Sensex closed at 58,296.91, higher by 166.96 points or 0.29 per cent from its previous close of 58,129.95 points.

It had opened at 58,411.62 and touched an intra-day low of 58,200.29 points.

The Nifty50 on the National Stock Exchange closed at 17,377.80, higher by 54.20 points or 0.31 per cent from its previous close.

Shrikant Chouhan, Executive Vice President, Equity Technical Research, Kotak Securities Ltd, said: “The market continued its positive momentum and mirrored the up move in other global markets. The Nifty is still maintaining a higher bottom formation which is broadly positive.”

He, however added that the markets being in an “overbought situation” could trigger a quick intra-day correction if the Nifty trades below the 17,330 support level.

“As long as the index is trading above 17,330 the uptrend texture is likely to continue up to 17,450-17,500 levels. On the flip side, if Nifty trades below 17,330, it could trigger an intraday correction up to 17,250-17,210 levels,” Chouhan said.

The top gainers on the Sensex were HCL Technologies, Infosys and Reliance Industries, while the major losers were ONGC, IndusInd Bank and Kotak Mahindra Bank.

International

Man shot in targeted attack in Australian state of Queensland

Published

on

Sydney, June 6: A man has been hospitalised with serious injuries following a targeted shooting in the Australian state of Queensland.

The Queensland Police Service said on Friday that emergency services were deployed to a house in Parkwood, 65 kilometres southeast of Brisbane, around 7:50 p.m. on Thursday in response to reports that a man had sustained gunshot wounds to his leg and other injuries to his hand.

According to media, the 21-year-old man was found at the scene with serious injuries and was taken to hospital in a stable condition.

A police statement said that initial inquiries indicated that the incident was a targeted shooting and that there was no ongoing threat to the public.

An investigation into the attack was ongoing and police commenced a search for the perpetrator.

In a separate incident, Australian police are investigating a fatal stabbing in a remote outback mining town west of Sydney.

Emergency services were called to conduct a welfare check at a home in Broken Hill, over 900 kilometers from Sydney in the far west outback of the state of New South Wales (NSW), just after 11:50 p.m. on Thursday.

Police officers arrived at the scene where they found a man, believed to be aged in his 40s, with stab wounds to his neck.

He was treated by ambulance paramedics but could not be revived and was declared deceased.

Local police established a crime scene at the house and have commenced an investigation into the man’s death with assistance from the NSW Homicide Squad.

Continue Reading

National

Kerala Guv upset after Minister skips event displaying Bharat Mata’s portrait

Published

on

Thiruvananthapuram, June 6: Reacting to the controversy after the Kerala Agriculture Minister P. Prasad boycotted the state-level celebrations on the World Environment Day at the Raj Bhavan — the official residence of the state Governor, Rajendra V. Arlekar, the latter expressed his displeasure.

Speaking at the event as the state Governor, Arlekar expressed his displeasure by saying that the Agriculture Minister should also have been present here.

“The State Education Minister informed that he could not come. Then the Agriculture Minister also did not come. I do not know what better issues we have, the Agriculture Minister wanted to remove the portrait of Bharat Mata from the dais,” said Governor Arlekar.

“I told them that we will do everything else, but we cannot remove Bharat Mata’s portrait as this is what we are living for and probably that’s the reason why they did not come,” he added.

“What sort of thinking we have in our minds,” lamented Governor Arlekar.

The reason was that the State Agriculture Minister did not want the portrait of the Bharat Mata, commonly used by the Rashtriya Swayamsevak Sangh (RSS), to be placed on the central dais.

Minister Prasad told the media that the programme was decided after speaking to the Governor.

“Last night, a change was made, and this was not acceptable to the state government. The picture was not the regular Bharat Mata picture which we use, but at the Raj Bhavan, it was the one that is used by the RSS. It is not right to keep such pictures, and the Governor said it cannot be changed, and hence the state government decided not to take part in the event at the Raj Bhavan,” he said.

“This is an unconstitutional thing. It is only after this Governor took over that there have been such changes. We have the highest regard and respect towards the normal Bharat Mata picture, but not the one used by the RSS,” Prasad added.

Incidentally, on Tuesday evening, officials from the concerned Minister’s office were at the Raj Bhavan for an inspection of the Central Hall, where the picture of Bharat Mata was kept.

Later, the officials who visited the Raj Bhavan told the Minister about the picture. Following this, the Minister spoke to Chief Minister Pinarayi Vijayan, and later, the decision was taken that Minister Prasad would not attend the meeting.

The Minister called the Raj Bhavan and told that he would not be able to attend the event if the picture of Bharat Mata used by the RSS was not removed.

However, Governor Arlekar stood his ground and said that the picture of Bharat Mata would not be removed.

Later, the state government decided to hold a function in the Durbar Hall of the State Secretariat to mark the World Environment Day celebrations.

The Kerala Chief Secretary, A. Jayathilak, was directed to organise a separate event.

Prior to this event, on Thursday, there were two different state-level functions — one chaired by Governor Arlekar at the Raj Bhavan and the other in the Durbar Hall with Minister Prasad presiding over.

Prasad, a first-time legislator, is a member of the Commmunist Party Of India (CPI).

Former Kerala Minister and State CPI Secretary, Binoy Viswam, said this was unacceptable, as the picture of Bharat Mata used by the RSS should not be displayed at a state function.

Incidentally, last month, Governor Arlekar had invited prominent RSS ideologue S. Gurumurthy for a talk after the successful Operation Sindoor, and Chief Minister Vijayan had said that it was wrong to convert the Raj Bhavan into a place for the RSS.

Continue Reading

Business

EAM Jaishankar lays out three objectives to bolster India-Central Asia trade ties

Published

on

New Delhi, June 6: External Affairs Minister (EAM) S. Jaishankar has urged the India-Central Asia Business Council to recommend a roadmap for further deepening of India-Central Asia ties in trade, economic and investment.

Addressing the Business Council meeting in the national capital, EAM Jaishankar highlighted three broad objectives for strengthening the economic partnership — deepen existing cooperation, diversify the trade basket and introduce sustainability and predictability in economic interactions.

“One, is to deepen the existing cooperation both in terms of volume and in terms of quality. There is already I think a recognition in each others countries and each others economies of the players and of the products. But, we must build further on that foundation and a very good example here is actually the pharmaceutical sector,” he told the gathering.

“Two, we need to diversify our trade baskets so that all of us have more options and we have more competition and in a way we are looking for new opportunities. I would like our friends from central Asian economies to appreciate that an economy today which is in excess of $4 trillion, which is growing at 6-8 per cent annually, it will create new demands for products, for services and even I would say in a way new demands out of more prosperous lifestyles,” EAM Jaishankar emphasised.

He also stressed on the need to introduce greater sustainability and more predictability in economic interactions.

“That means more long-term contracts and arrangements, cross investments, joint ventures and certainly sectors like energy whether we are talking uranium, whether we are talking crude oil even potentially gas, whether we are looking at mining, If you are talking about coal or if you are discussing fertilizers, I think these are all relevant examples to reach really long term understatings between us,” the foreign minister highlighted.

India’s trade and economic ties with Central Asia over the last decade have shown a very strong positive trend. Mutual trade was less than $500 million a decade ago in 2014.

Today, “what we have collectively is actually a trade volume which is almost touching $2 billion. However, this figure does not reflect the full potential. The need to address this is today even more urgent because of the uncertainties of the international economy and this requires governments and businesses to work together in tandem, which is why all of us are here in this room,” EAM Jaishankar noted.

He also laid out five solutions to further bolster the India-Central Asia economic ties: Digital Economy and Innovation, Financial Services, Healthcare and Pharma, improving connectivity and streamlining Transit Procedures.

“In addition to all of this, I think you would agree that tourism, education, films, and cultural exchanges, these are all important, they should be tapped for their economic and business potential,” he mentioned.

Continue Reading

Trending