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Sensex, Nifty sparkle as Samvat 2079 begins on auspicious note



Domestic stock benchmarks posted strong gains on Monday as investors piled up new positions in the special hour-long Muhurat trading session to mark the start of Hindu Samvat year 2079.

Extending its gains to the seventh straight session, the 30-share BSE Sensex jumped 524.51 points, or 0.88 percent, to close at 59,831.66.

Along similar lines, the broader NSE Nifty advanced 154.45 points, or 0.88 percent, to finish at 17730.75.

In the Sensex kitty, the notable gainers were Nestle India, ICICI Bank, L&T, SBI, HDFC, HDFC Bank and Dr Reddy’s, up 2.92 per cent.

Only two accountants closed in the red: Hindustan Unilever and Kotak Mahindra Bank, down as much as 3.05 percent.

Brokers said buying activity picked up momentum as investors opened their new books in the first session of Samvat 2079.

Global stocks were largely in positive territory following strong gains on Wall Street on Friday.

Elsewhere in Asia, markets in Tokyo and Seoul closed in the green, while Shanghai and Hong Kong plunged as much as 6.36%, posting their worst day in more than a decade.

Stock markets in Europe were trading in a positive zone in the afternoon session.

With the exception of consumer goods, all BSE sectoral indices rose, led by capital goods, manufacturing, financial services and telecommunications.

A similar trend was seen in the broader markets, with the small-cap BSE index rising 0.99 percent and the mid-cap gauge gaining 0.50 percent.

National markets hold a special one-hour Muhurat trading session on Diwali every year to mark the start of the traditional Hindu calendar year, called ‘Vikram Samvat’.

In the previous Samvat 2078, the Sensex dropped 464.77 points, while the Nifty lost 252.90 points.

“Although Samvat 2078 ended with marginal negative returns, the general feature of last year was the distinct outperformance of India. While the MSCI World Index and the MSCI Emerging Market Index fell 23% and 33% respectively, Nifty vastly outperformed with a minor cut of just 3 percent.

“This outperformance in a year of war in Europe and rising inflation and interest rates in the developed world reflects the resilience of Rising India,” said VK Vijayakumar, chief investment strategist at Geojit Financial Services.

“From a market perspective, two factors stand out: One, India’s economic fundamentals are relatively strong. Two, IIDs and retail investors have become a force to be reckoned with, overwhelming the IIF sell-off. You can expect this trend to continue,” he said. additional.

The BSE and NSE will be closed on Wednesday (October 26) for ‘Diwali Balipratipada’.

Meanwhile, foreign institutional investors (FIIs) bought net shares worth Rs 438.89 crore on Friday, while domestic institutional investors sold to the tune of Rs 119.08 crore, according to exchange data.

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State News

Rs 60,000 looted from mini bank operator in Balasore by two fraudsters



Two scammers posing as engineers looted Rs 60,000 from a mini-bank operator in the Simulia region of Soro in Balasore district.

The victim, Bholanath Sarangi, who runs a mini-bank, was tricked by two scammers in broad daylight under the pretense of exchanging a five hundred rupee note for five hundred rupee notes.

In a statement to the media, Sarangi said: “The wrongdoers projected themselves as non-Odias, working as site engineers and asked for the address to exchange foreign currency. After a while, they asked for the highest ticket available.”

He further added, “After speaking for a brief period, they demanded a particular series of Rs 500 notes in which Bhola allowed them to check the available coin packs with him from which they cunningly took Rs 60,000 in three installments of Rs 20,000 each. . ”

Bhola found out that he was cheated when he counted his total cash of Rs1.44 lakh. The amount cheated was 60,000 rupees.

The police, based on the CCTV footage of the incident, are investigating this matter.

(Reported by Niranjan Behera)

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State News

Know how to pour the right way to prevent stomach bloating



A cold mug of beer on a sunny afternoon can make any alcoholic beverage lover weak in the knees. In fact, beers, more precisely craft beers, have their own set of fans in India and the number is only increasing.

In addition to a moderate alcohol content, like any other soft drink, beer has a lot of carbon dioxide (CO2). The CO2, when released from the bottle, creates a spectacular foam in the cup that gives the drink a distinctive visual appeal. Without the foam collar, it’s not really a beer.

However, some people are in the habit of minimizing the foam in the cup by pouring it slowly and low. But is it correct, or more precisely, is it healthy? Well, apparently not.

A Tech Insider video elaborates the point.

According to the video, beer foam can be bad for your belly. As people usually have the habit of chewing chips or nachos with beer, after entering the stomach, salty snacks can cause the beer to foam and break the CO2 inside the stomach. CO2 can cause the belly to bloat.

However, if you pour it like you pour water, the foam will come out breaking up the CO2 in the glass or cup. The beer will upset your stomach less after you drink it with the foam. In the head you can taste the sweetness of the malt and the bitterness of the hops. But it’s going to protect the integrity of that aroma that’s under the foam through every sip, Tech Insider reported.

Now you know why you feel bloated every time you drink a beer. Go ahead and pour it vigorously into the glass/mug or pitcher and don’t be afraid to create a bit of a head. Because it’s really worth it.

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State News

BJP set for historic seventh consecutive mandate in Gujarat



BJP looks set to make history when the Gujarat Assembly election results are announced on December 8, as it is set to come to power for a seventh consecutive term in Prime Minister Narendra Modi’s home state.

This was revealed by an IANS analysis of the ABP-CVoter Exit Poll with a sample size of 30,000 spread over 182 Assembly seats in Gujarat.

According to the findings, the incumbent BJP, which has already ruled Gujarat continuously for 27 years barring a brief revolt by Shankar Singh Vaghela, is projected to win 128-140 seats in the 182-member Assembly. Despite 27 years of fighting incumbency, the BJP’s vote share is expected to improve slightly from 49.1% in 2017 to 49.4% in this election.

As of 2017, the BJP had won 99 seats, the lowest tally for the party since it first came to power in Gujarat in 1995. The rise in vote share seems a clear indicator of voter support for the party despite the fact that the state faces a number of perplexing problems. problems ranging from unemployment to test skipping and a sudden stall in growing agricultural prosperity.

In 2017, Congress had put up a spirited fight, scaring off the ruling BJP. In this election, exit poll results have shown that the Aam Aadmi Party (AAP) is emerging as a formidable third force in the state with a 15.4 percent vote share. The lion’s share will be borne by Congress, as its vote share is expected to fall from 41.4% in 2017 to 32.5% this time.

The AAP is projected to win between 3 and 11 seats, while Congress is likely to win between 31 and 43 seats, significantly less than the 77 it won in 2017.

If the exit poll numbers are true, the AAP looks poised to emerge as a national political force after its recent electoral success in Punjab.

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