Sensex 850 pts higher at 80,250; Nifty at 24,400; Financials, auto climb
Indian benchmark equity indices BSE Sensex and Nifty 50 were trading higher on Monday. At 10 AM, the BSE Sensex was up 435 points, or 0.55 per cent, at 79,837, while the Nifty 50 was at 24,266, up 85 points, or 0.35 per cent. On the BSE Sensex, 11 out of the 30 stocks were trading in the red, with loses capped by JSW Steel (down 1.59 per cent), followed by Larsen & Toubro, IndusInd Bank, Power Grid Corp., and Tech Mahindra. On the flip side, gains were being led by ICICI Bank (up 2.54 per cent), followed by SBI, Infosys, Bajaj Finserv, and Sun Pharma. On the Nifty 50, 30 out of the 50 stocks were trading in the green, with gains led by Shriram Finance (up 4.71 per cent), followed by ICICI Bank, BEL, BPCL, and Dr Reddy's, while loses were capped by JSW Steel (down 1.85 per cent), followed by ONGC, Coal India, Kotak Mahindra Bank, and SBI Life.
This pharma company from Mumbai may be helping Putin get Nvidia AI chips
Occupying the top three floors of an unremarkable office building in northern Mumbai, there’s little to distinguish Shreya Life Sciences from the many other commercial businesses that keep the Andheri neighbourhood of India’s largest metropolis humming throughout the day. But this inconspicuous pharmaceutical company is part of a lucrative trade in leading-edge technology to Russia that has the US and its European allies worried at India’s burgeoning role as an intermediary in the sales. A Bloomberg News analysis of data compiled by trade-tracking firms ImportGenius and NBD shows that Shreya exported 1,111 units of Dell Technologies Inc.’s most-advanced servers to Russia in April-August of this year.
Delhi air quality remains 'very poor' for second day after brief relief
Delhi continued to suffer from toxic air quality on Monday, with the air quality index (AQI) reaching 328, categorised as ‘very poor’. Data from various pollution monitoring stations, including Anand Vihar, Alipur, Bawana, Jahangirpuri, Mundka, Wazirpur, Vivek Vihar, and Sonia Vihar, showed AQI readings hovering near 350 at most locations in the national capital. Bawana recorded one of the highest AQI levels at 371, close to the ‘severe’ mark. Other readings included Anand Vihar at 356, Ashok Vihar at 361, Burari at 361, Dwarka Sector 8 at 331, and Karni Shooting Range at 335.