Business

At 11:13am on Thursday, the S&P BSE Sensex was up 111.78 points or 0.3% at 39,143.33. The Nifty 50 index was up 22.70 points or 0.2% at 11,770.80.

On the currency front, the rupee was trading flat at 69.57 against the US dollar in early trade.

The interest rates on large SBI savings account deposits and interest rate on some short-term loans will automatically change as and when RBI changes its benchmark policy rate.

Bombay Dyeing and Manufacturing Co. shares dropped as much as 17.6% to Rs102.85 apiece. Britannia Industries Ltd was down 2.9% to Rs2,882, while Bombay Burmah Trading Corp.

Indian airlines have close to 1,000 outstanding aircraft orders in their books. To put this figure in context, there are currently nearly 700 operational airliners in India.

Forex dealers said, easing crude prices, sustained foreign fund inflows and selling of the American currency by exporters supported the rupee.

The adjustment pushed the world's largest plane maker behind European rival Airbus in the race for business this year as both companies grappled with cancellations that outweighed new orders in the first quarter.

The stock witnessed a spurt in volume of shares being traded on bourses, with almost 1.8 million shares changing hands.

Chairman Ashok Goel, who held 57.03 per cent stake in Essel Propack through the Ashok Goel Trust and affiliates as on 31 March, will retain about 6 per cent after the acquisition.

Currently, branches of commercial banks observe holiday only on second and fourth Saturday of a month apart from Sunday.

The Bengaluru-based company's revenue also increased by 25.6 per cent to Rs 1,839.4 crore in the said quarter, as compared to Rs 1,464 crore in the year-ago period, Mindtree said in a regulatory filing.

Tata Motors was the biggest gainer in the Sensex pack rallying 7.04 per cent. Other top performers were TCS, Coal India, Tata Steel, Hero MotoCorp, Kotak Bank, HCL Tech, Bharti Airtel, HDFC Bank, Bajaj Auto and NTPC, ending up to 4.78 per cent higher.

In the forward dollar market, the outstanding forward sales at end February was $4.372 billion, compared to a sale of $3.032 billion in January, according to the RBI data.

Jet Airways on Thursday grounded its services to and from the East and Northeast regions and suspended its international operations till Monday. Consequently, many passengers were left stranded at the airports.

Naresh Goyal, the founder of Jet Airways, and his wife Anita Goyal last month stepped down from the board of the ailing airline.

OTT players like Hotstar, ALT Balaji, Zee5, Voot, BigFlix, Sony LIV, Eros Now -- apart from the global giants like Netflix, Hulu and Amazon Prime Video -- have become popular in both urban and rural areas in the country.