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The 30-share BSE index ended 1,128.08 points or 2.30 per cent higher at 50,136.58, and the broader NSE Nifty surged 337.80 points or 2.33 per cent to 14,845.10.
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"The company has filed an appeal before the High Court of Delhi against the impugned order dated March 18, 2021 passed by Single Judge,” said Future Retail.
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Similarly, the broader NSE Nifty rose 115.35 points or 0.77 per cent to 15,097.35.
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A spurt in COVID-19 cases and lack of fresh buying triggers continued to weigh on sentiment, traders said.
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ONGC was the top gainer, rallying around 8 per cent. NTPC, Asian Paints, Tech Mahindra, PowerGrid and IndusInd Bank were among the other winners.
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The year also saw nine other deals value over $1 billion each, it said, adding that the top deals accounted for nearly two-thirds of the overall activity.
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After touching a lifetime high of 51,523.38 during the day, the 30-share BSE index ended 617.14 points or 1.22 per cent higher at its record closing peak of 51,348.77.
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The auction was held under the liberalised price discovery rules notified by the government that allowed affiliates of the gas producer to bid and buy natural gas.
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The 30-share BSE index was trading 140.79 points or 0.28 per cent lower at 50,114.96.
Similarly, the broader NSE Nifty slipped 31.30 points or 0.21 per cent to 14,758.65.
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The store was lunched by Minister Harish Rao and actor Jayath Reddy
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Vinod Nair, Head of Research at Geojit Financial Services stated that Indian markets witnessed a highly volatile trade due to weak global market and reports of Indo-China border tension.
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To include oil refinery, petrochemical assets and retail fuel business
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Reliance said it has completed fundraising from selling minority stakes in Jio Platforms Ltd -- the unit that holds telecom and digital businesses, and Reliance Retail to global investors.
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After touching an all-time high of 49,569.14 during the day, the 30-share BSE index ended 247.79 points or 0.50 per cent higher at 49,517.11.
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Moreover, stocks in the stores are almost up to 80 per cent of what they were before the pandemic, he added.
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Foreign portfolio investors (FPIs) were net sellers in the capital market as they offloaded shares worth Rs 483.64 crore on a net basis on Wednesday, according to provisional exchange data.
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Sensex opened at an all-time high of 48,616.66, and the Nifty50 on the National Stock Exchange touched a new record of 14,244.15 points.
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After opening strong, the stock indices gave up gains due to profit booking by investors.
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In January this year, Amazon founder Jeff Bezos had announced $1 billion (over Rs 7,000 crore) investment in India to help bring small and medium businesses online.
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Meanwhile, the global oil benchmark Brent crude futures were trading 0.45 per cent lower at USD 50.68 per barrel.