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The country on Thursday reported a massive surge of 379,257 Covid cases and 3,645 deaths, thus marking the biggest single-day spike ever, according to MoHFW.
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In opening trade, Sensex rallied 620 points or 1.25% crossing the 50,000-mark at 50,354 while the broader market index Nifty reclaimed 15,000 at 15,034 up 170 points or 1.14%.
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Reliance Industries is going to set up a 1,000-bed Covid-19 hospital with oxygen facility at Jamnagar in Gujarat's Saurashtra region
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Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 138 points at the opening bell.
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The rally has surprised most traders and fund managers, who were expecting the market to slide given the restrictions announced by many state governments in light of the impact of the second wave of COVID-19.
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Sensex jumped 789 points or 1.61% higher at 49,733. Similarly, the broader Nifty surged 211 points or 1.44% to 14,864
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The company said that Zomato is proposing an IPO of its equity shares, comprising a fresh issue of equity shares by Zomato and an offer for sale by Info Edge (India).
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The bank's net profit fell 6.9% to Rs 5,196.22 crore on 1.1% decrease in total income to Rs 75,980.65 crore in Q3 FY21 over Q3 FY20.
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Yes Bank Ltd is up for a third straight session in a row. The stock is quoting at Rs 14.9, up 1.02% on the day as on 12:49 IST on the NSE.
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All 30 constituents of Sensex were trading in the green with Bajaj Finance surging over 3%