MARKET WRAP UP The Sensex and Nifty jumped over one per cent on Friday and were headed for their second session of gains, led by energy stocks, including Reliance Industries Ltd, as oil prices extended their rally. Domestic sentiment was also buoyed on continued buying by investors ahead of IIP and inflation data scheduled to be released later in the day. US stocks closed at record highs on Thursday as surging oil prices and strong earnings buoyed investor sentiment, giving a boost to Asian markets. Dealers said widening of positions by participants ahead of key economic data —— industrial production (IIP) for June and consumer price index (CPI) for July —— to be released after market closing today also added to the upbeat investor sentiment. At 3.05 pm, the Sensex was up 315.38 points or 1.13 per cent at 28,174.98 while the NSE Nifty was up 85.7 points or 1.00 per cent at 8,677.85. Sentiment also got a boost as foreign investors continued to buy Indian shares for a...
The Centre along with the Jammu and Kashmir government will be investing Rs 2400 crore over the next five years to give a boost to tourism in the picturesque state with a focus on unexplored and new regions like Kargil. "We are putting a major thrust on the tourism industry and will invest Rs 2,400 crore in the next five years," Secretary, Tourism (J&K) Farooq Shah said here speaking on the sidelines of an event last night to promote tourism in his state.
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