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Key Indian equity market indices open higher

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Mumbai, July 6: Taking a cue from global markets the key Indian equity market indices on Thursday opened higher.

The Sensitive Index (Sensex) of the BSE, which had closed at 31,245.56 points on Wednesday, opened higher at 31,298.42 points.

Minutes into trading, it was quoting at 30,279.33 points, up by 33.77 points, or 0.11 per cent.

At the National Stock Exchange (NSE), the broader 51-scrip Nifty, which had closed at 9,637.60 points, was quoting at 9,644.60 points, up by seven points or 0.07 per cent.

Despite trading with caution over geo-political concerns, the Indian equity markets trimmed some losses on the back of healthy services sector data, positive global indices and inflow of foreign funds, to close marginally higher on Wednesday.

The Sensex was up by 35.77 points or 0.11 per cent at the Wednesday’s closing. 

In the day’s trade, the barometer 30-scrip Sensitive Index had touched a high of 31,284.64 points and a low of 31,177.78 points. The Nifty too was up by 24.30 points or 0.25 per cent.

On Thursday, Asian indices were mostly showing a negative trend.

Japan’s Nikkei 225 was trading in red, down by 0.43 per cent, Hang Seng down by 0.28 per cent while South Korea’s Kospi was also down by 0.17 per cent. China’s Shanghai Composite Index was quoting in green, up by 0.03 per cent.

Nasdaq closed in green, up by 0.66 per cent while FTSE 100 was up by 0.14 per cent at the closing on Wednesday.

IANS

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Markets open on negative note

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Mumbai, Jan 24: The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a negative note during the morning session of the trade.

Later the Sensex move to a positive region.

The Sensex of the BSE after opening at 36,161.62 points touched a high of 36,163.68 and a low of 36,085.68 points.

On Tuesday the Sensex closed at 36,139.98 points.

The Sensex is trading at 36,165.75 points up by 25.77 points or 0.07 per cent.

On the other hand, the broader 51-scrip Nifty at the National Stock Exchange (NSE) opened at 11,069.65 points after closing at 11,083.70 points.

The Nifty is trading at 11,076.25 points in the morning.

IANS

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Enterprises now deploying AI technologies: Infosys

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Davos, Jan 23: Enterprises are moving beyond the experimentation phase with Artificial Intelligence (AI) and are now deploying AI technologies more broadly, said an Infosys survey on Tuesday.

There is a fundamental shift in how enterprises operate as AI takes hold, according to the “Leadership in the Age of AI” survey.

“AI, as the research shows, is becoming core to business strategy, and is compelling business leaders to alter the way they hire, train and inspire teams, and the way they compete and foster innovation. Industry disruption from AI is no longer imminent, it is here,” Mohit Joshi, President, Infosys, said in a statement.

“The organisations that embrace AI with a clearly-defined strategy and use AI to amplify their workforce rather than replace it, will take the lead, and those that don’t will fall behind or find themselves irrelevant,” Joshi added.

Seventy three per cent respondents strongly agreed that their AI deployments have already transformed the way they do business, and 90 per cent C-level executives reported measurable benefits from AI within their organisation.

Organisations are taking steps to prepare employees and business leaders for the future of work, with 53 per cent respondents indicating that their organisation has increased training in the job functions most affected by AI deployments.

More than 1,000 business and IT leaders with decision-making power over AI solutions or purchases at big organisations across seven countries were included in the survey.

IANS

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Market zooms: Sensex at 36K, Nifty50 at 11K

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Mumbai, Jan 23: Projection of India’s healthy economic growth outlook, along with bullish global cues lifted the key Indian equity indices to their new highs during the early morning trade session on Tuesday.

Accordingly, the S&P BSE Sensex and the NSE Nifty50 breached their previous respective intra-day high levels.

In the process, the barometer Sensex crossed the 36,000-points-mark and the NSE Nifty50 climbed above 11,000 points.

Market analysts pointed-out other factors such as positive Q3 results and buying support in oil and gas, banking, capital goods and consumer durables stocks aided in the key indices’ upward trajectory.

At 9.50 a.m., the 30-scrip S&P BSE Sensex, which had closed at 35,798.01 points on Monday, traded higher at 36,036.51 points, up by 238.50 points or 0.67 per cent.

At the National Stock Exchange (NSE), the broader Nifty50 quoted at 11,039.75 points, up by 73.55 points or 0.67 per cent.

IANS

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