Sensex jumps by 1000 points as NDA set for massive win

The BSE Sensex gained around 1,000 points in early trade to a record high of 24,956.60, while the broader Nifty also hit a record high at 7,433.20.

FP Archives|May 16, 2014, 10:41:49 IST

Mumbai - The BSE Sensex and Nifty rallied to record highs, while the rupee strengthened to near a 10-month high against the dollar, as early vote counts in the general elections showed the opposition Bharatiya Janata Party and its allies leading.

The BSE Sensex gained around 1,000 points in early trade to a record high of 24,956.60, while the broader Nifty also hit a record high at 7,433.20.

The partially convertible rupee was trading at 58.84/85 per dollar by 9:10 a.m. after hitting as much as 58.81, its strongest level against the dollar since July 26. The local unit closed at 59.29/30 on Thursday.

The benchmark 10-year bond yield fell 6 basis points to 8.72 percent.

Reuters

Google burns cash for first time as AI spending pushes 2026 capex to $205 billion

Google parent Alphabet reported negative free cash flow of $5.9 billion in the second quarter for the first time since going public, as surging AI infrastructure spending pushed its 2026 capital expenditure forecast to as much as $205 billion

6 min read

Tesla sells more cars but makes less money: Why Musk’s AI pivot is squeezing profits

Tesla’s record Q2 deliveries failed to translate into higher profits as price cuts, falling regulatory-credit revenue and Elon Musk’s aggressive AI spending squeezed margins and pushed the EV maker into negative free cash flow

5 min read

No premium queues, 30-minute target: What changes for Indian passport applicants in UAE

Indian passport applicants in the UAE can now access passport, visa and attestation services through Alhind’s 16 centres, with no premium queues, a Dh19 service fee and a target of completing applications within 30 minutes

4 min read

Bharat Forge, Flying Whales sign pact to develop 60-tonne airships for India’s defence logistics

Bharat Forge has signed an MoU with Flying Whales to jointly develop and manufacture 60-tonne heavy-lift airships in India for defence logistics, strategic mobility and disaster response

3 min read

Air India to cut Delhi-Toronto flight time by 3 hours, resume non-stop services from August 1

Air India will resume non-stop Delhi-Toronto flights from August 1, cutting travel time by nearly three hours and deploying its new Boeing 787-9 Dreamliner on the route

2 min read

Up Next