Sensex up 400 points; oil & gas, metal stocks rise

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Mumbai, Feb 23 | The key Indian equity indices opened on a positive note on Tuesday with the BSE Sensex gaining 400 points to trade well above the 50,000-mark.

Around 10.25 p.m., Sensex was trading at 50,146.82, higher by 402.50 points or 0.81 per cent from its previous close of 49,744.32.

It opened at 49,994.85 and has touched an intraday high of 50,153.26 and a low of 49,659.85 points.

The Nifty50 on the National Stock Exchange was at 14,795.60, higher by 119.90 points or 0.82 per cent from its previous close.

Healthy buying was witnessed in oil and gas, metal and capital goods stocks.

Manish Hathiramani, technical analyst with Deen Dayal Investments said: “Whilst the markets have opened in the green, the short term trend remains negative for the time being. Until we do not get past 15,100 on the Nifty, any up move should be utilised as an opportunity to go short.

“The index has a support range of 14,500-14,700 but given the high volumes traded yesterday, there is every possibility we break that range,” he said.

The top gainers on the Sensex were ONGC, L&T and SBI while the major losers were Asian Paints, Kotak Mahindra Bank and Maruti Suzuki India.

Source: IANS

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Global Strategist and Philanthropist Drummi Bhatt returns to her homeland to bring about a vernacular infotainment content revolution

Drummi Bhatt has successfully donned many hats including that of a global strategy professional, mentor, and investor to early-stage startups encouraging women entrepreneurship, and a philanthropist.

Drummi currently leads Market Intelligence and Strategy team at Mitsubishi Power, USA building corporate-level strategies for global markets. Drummi is also the founder of KarmaKonnect, a Woman and Rural Empowerment Non-Profit Organisation which works for projects in remote rural, tribal, and conflict areas.

Her philanthropy work has taken her to various corners of India, including, far end corners of Leh, Ladakh, Telangana, and remote areas of Chambal. During these visits, she got mesmerized by culturally rich, vernacular, and diverse, the true “Bharat”.

During her interaction across the country, she got enchanted by the whirlwind of talent residing across Bharat, which is not restricted to a language, city, or just tier-1 cities but is found in abundance all across tier-2, tier-3 cities, and rural-tribal clusters.

With OTT platforms ruling the world in 2020, Drummi decided to bring her strategic insights and data analytics strength to this field by joining hands with seasoned entrepreneurs, Rahul Narvekar and Narendra Firodia, to launch its kind, vernacular OTT platform, Letsflix.

In 2019, Drummi, Rahul, and Narendra have successfully launched India’s first vernacular infotainment app, LetsUp, which now caters to 1.5 million users and in 7 vernacular languages, a feat achieved by none. The trio has now been passionately working towards creating and delivering vernacular content for every viewer in India with Letsflix.

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