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Sensex, Nifty surge in early trade on buying in Reliance Industries, foreign fund inflows

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Sensex, Nifty surge in early trade on buying in Reliance Industries, foreign fund inflows


Representational file image.
| Photo Credit: PTI

Equity benchmark indices Sensex and Nifty rebounded in early trade on Monday (April 28, 2025) amid sustained foreign fund inflows and a sharp rally in blue-chip stock Reliance Industries.

A firm trend in global markets also propelled rally in the domestic equities.

The 30-share BSE benchmark gauge jumped 456.05 points to 79,668.58 in early trade. The NSE Nifty rallied 112.85 points to 24,152.20.

From the Sensex firms, Reliance Industries climbed 3 per cent after the firm reported a 2.4% rise in March quarter net profit as store rationalisation in retail business and improved margins in telecom helped offset weakness in mainstay oil and petrochemicals business and higher finance cost.

Mahindra & Mahindra, ICICI Bank, Tata Steel, State Bank of India, Kotak Mahindra Bank, IndusInd Bank, Larsen & Toubro and NTPC were also among the gainers.

HCL Tech, Tech Mahindra, Tata Consultancy Service, Bajaj Finance and Nestle were among the laggards.

Foreign Institutional Investors (FIIs) bought equities worth ₹2,952.33 crore on Friday, according to exchange data.

“The major factor contributing to the resilience of the market is the sustained buying by FIIs in the last eight days. FIIs have turned sustained buyers in a dramatic reversal of their sustained selling strategy. This, in turn, is due to the relative under performance of US stocks, US bonds and dollar,” V.K. Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said.

The heightened uncertainty relating to Indo-Pak tensions will weigh on the markets, he added.

Foreign investors have infused ₹17,425 crore in the country’s equity markets last week, supported by a combination of favourable global cues and strong domestic macroeconomic fundamentals.

This came following a net investment of Rs 8,500 crore in the preceding holiday-truncated week ended April 18.

In Asian markets, South Korea’s Kospi index, Tokyo’s Nikkei 225 and Hong Kong’s Hang Seng were trading in the positive territory while Shanghai SSE Composite quoted lower.

US markets ended higher on Friday.

Global oil benchmark Brent crude climbed 0.25% to $67.04 a barrel.

The BSE barometer Sensex tanked 588.90 points or 0.74% to settle at 79,212.53 on Friday. Falling for the second day, the Nifty tumbled 207.35 points or 0.86% to 24,039.35.



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Top stocks to buy today: Stock recommendations for April 30, 2025 – Times of India

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Top stocks to buy today: Stock recommendations for April 30, 2025 – Times of India


Top stocks to buy (AI image)

Stock market recommendations: According to Mehul Kothari, DVP – Technical Research, Anand Rathi Shares and Stock Brokers, Inox Wind, Symphony and Jyoti CNC are the top stocks to buy today:
INOX WIND: BUY in ₹173–₹170 Range | Stop Loss: ₹162 | Target: ₹190
Inox Wind recently gave a range breakout and has since been consolidating above its 200 DEMA, reflecting underlying strength. The breakout was accompanied by strong volumes, indicating active accumulation.Momentum oscillators are also positively placed, aligning well with the price action. Traders are advised to buy Inox Wind in the ₹173–₹170 range, keeping a stop-loss at ₹162, and targeting ₹190 in the near term.
SYMPHONY: BUY in ₹1184–₹1180 Range | Stop Loss: ₹1140 | Target: ₹1260
Symphony witnessed a sharp decline recently, but has shown a strong recovery from lower levels. A reversal is already visible on the long-term charts, and the daily structure suggests the stock is now turning up after completing a base. It is poised to retest its 200 DEMA and SMA, offering a short-term opportunity. Traders are advised to buy Symphony in the ₹1184–₹1180 range, with a stop-loss at ₹1140, and a target of ₹1260.
JYOTI CNC: BUY at ₹1115 | Stop Loss: ₹1050 | Target: ₹1210
Jyoti CNC is showing strong technical alignment, also backed by positive fundamentals. The stock is breaking out of an inverse head and shoulders pattern on the daily chart, a bullish reversal structure. RSI is about to cross the 60 mark, suggesting building momentum. Traders are advised to buy Jyoti CNC at ₹1115, with a stop-loss at ₹1050, aiming for a target of ₹1210.
Disclaimer: The opinions, analyses and recommendations expressed herein are those of brokerage and do not reflect the views of The Times of India. Always consult with a qualified investment advisor or financial planner before making any investment decisions.





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Women’s concerns at a coal site in Odisha

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Women’s concerns at a coal site in Odisha


The challenges faced by women in mining regions differ significantly in many respects from those in the non-mining areas. During our recent visit to Mahanadi Coal Field Ltd. (MCL), Basundhara, Sundargarh district of Odisha, the women shared their concerns regarding the manifold challenges they faced in everyday life as a consequence of mining.

Kishori and Saraswati face displacement from Gopalpur, a village in Sundargarh district of Odisha. They have been staying in Gopalpur for long — Saraswati for 40 years and Kishori for about 35 years. Their houses have been adjacent, and they have lived as a family. Since the MCL acquired their village for mining activities, villagers now await relocation. The anxiety that plagues these women currently is whether they will be relocated together or not. Both had always lived together and therefore, the separation, if it happened, would definitely impact them emotionally. They are unaware of the new relocation site. They hope to move to the same location to minimise the emotional burden of the displacement.

Due to mining activities, everyday life in the villages has been severely impacted in this region. For example, in Telendihi mining village, water from borewells has become undrinkable. The only source, which is relatively better, is a small rivulet flowing around 700 metre away. Unfortunately, the responsibility of fetching water from such long distances falls on young girls, indicating the skewed gender division of labour in the community. During summer, the situation worsens, compelling the young girls to walk farther away to fetch water, thereby grievously compromising their education.

Loss of income

Discussions with women in Ratanpur village revealed more about the loss of income they have suffered due to mining. Prior to the mining activities, after harvest, they used to take care of the household activities for six long months by collecting mahua, tendu leaves, firewood and non-timber forest produce etc. Selling leaf-based products like bowls and plates made from Sargi leaves (of the Sal tree) accounted for the bulk of their livelihood. They sold even the tender sticks as toothpicks. The sale and quality of these products have, however, reduced drastically because of the omnipresent coal dust. Earlier, women used to equally shoulder the burden of daily household expenses. Now, two things have happened simultaneously—(i) women have lost their regular livelihood options; and (ii) they are unable to make their day-to-day monetary contribution to the household. In the present scenario, the income of the women has become nil and consequently, they have become increasingly vulnerable to domestic violence. Any financial ask by the women could potentially lead to violence at home.

Increased insecurity and violence have emerged as very important issues in this area. It would be pertinent to discuss Kishori’s (Gopalpur village) story in this context. Her husband died 27 years back, leaving behind three daughters and a two-and-a-half year old son. Being a single woman, Kishori faced a lot of challenges in bringing up the children. Nevertheless, she managed to arrange the marriages of all four of them. Unfortunately, her son became an alcoholic very early on, with the situation turning grim after he started working as a truck driver for the mines. This led to frequent verbal abuse of Kishori, later also directed at his wife. Kishori lost her son to alcoholism six months after his marriage. A family of seven has now been reduced to only two members—a young, widowed daughter-in-law and Kishori. Living in a dilapidated thatched house, Kishori constantly fears for her daughter-in-law’s safety, especially in an environment that has deteriorated due to the mining activities. “I am scared about the potential of sexual assault on my young daughter-in-law at any time because so many migrants roaming here and there. Drunkards are another threat to us. Therefore, I urged her to return to her natal home, where more men are present, offering greater security,” she lamented. Though no violence has occurred yet, the constant apprehension of it has taken a heavy psychological toll on the women.

Effect of alcoholism

Alcoholism is a major cause of domestic violence against women. It is reflected in the recently released National Family Health Survey (2019–21), which reveals that the highest incidence of violence (58.5%) against women aged 18–49 in Odisha is when the husbands gets drunk “often”. There is a sharp decline in the percentage of women experiencing violence (from 58.5% to 22.1%) when the husband “does not drink”. In other words, “no drinking” reduces the risk of violence by nearly three times compared to “often drinking” husbands. This result is corroborated by the reality in these villages where alcoholism is identified as the main cause of many social evils. Women from Ratanpur village expressed it differently by sharing how their alcoholic men come home and either commit violence or go off to sleep, and if somehow the women survive, the entire wealth of the family gets consumed in paying for their husband’s eventual medical expenses. Either way, women bear the brunt—initially as the victims of violence and subsequently as widows, left to cope with the family’s exhausted wealth.

We had another revelatory conversation about alcoholism and violence with the women of Kund village, another mining village of the district. In many cases, we found that the men generally gave their earnings to the women. It is the women who shoulder all the responsibilities of managing the meagre earnings to cover household expenditure, children’s education, medical bills apart from allocating a certain portion for the men’s liquor, meat and other expenditure. If women deny them this, it leads to abuse—often verbal but at times also physical. Though men give their earnings to the women, they clearly assert their ownership over it, with the retort “who are you to deny me my money” being the typical starting point for violence in such a scenario.

Thus, women find themselves at the receiving end in these areas—both inside and outside the home. A group of women from Ratanpur summarised it thus: “It is a curse to be here in this kind of environment. We are at the intersection of all kinds of vulnerabilities because of belonging to a mining area.”

India and Coal

Coming to the macro scenario, the Government of India has announced “Net Zero Emissions by 2070”. At the 2021 Glasgow Conference of Parties, India has sought for phasing down rather than phasing out of coal. However, this phase down will not happen at once; a considerable time lag is to be envisaged. Kunal Shankar aptly pointed out in The Hindu dated October 9, 2024 that India’s transition to renewable energy will take a different course because of its heavy reliance on coal. For instance, the contribution of renewables towards energy production in India is still quite low in contrast to the contribution of coal alone. Energy security of India is still heavily dependent on coal. It was discovered, nevertheless, that there is an imbalance between the state and community perspective on development, as discussed in the above four significant issues. This suggests that the policy’s objective and its practice are not aligned. Therefore, the government must strike a delicate balance between the socio-economic and environmental impacts of coal, energy security considerations, and gender-related issues in energy policy-making.

(Sujit Kumar Mishra is a professor at the Council for Social Development and Prajna Paramita Mishra is an Associate Professor at the University of Hyderabad)



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Maharashtra tops state rankings with strong financial & economic show – Times of India

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Maharashtra tops state rankings with strong financial & economic show – Times of India



MUMBAI: Maharashtra emerged as India’s best-performing state in CareEdge Ratings’ 2025 state rankings, followed by Gujarat and Karnataka. The annual index, based on 50 quantitative indicators across seven pillars-economic, fiscal, infrastructure, financial development, social, governance, and environment-places Maharashtra at the top for financial development, with strong performances in economic, fiscal, and social metrics.Gujarat leads the economic pillar, driven by high per capita GSDP, FDI inflows, and industrial capital formation, while Karnataka ranks high due to its diversified economic base and environmental record.
Western and southern states dominate the upper tier of the rankings. Goa tops Group B, comprising north-east, hilly, and small states, scoring consistently across financial, infrastructure, economic, and social indicators. Odisha leads in fiscal management with sound debt control and low interest burdens, followed by Gujarat and Maharashtra. Punjab and Haryana stand out in infrastructure, while Kerala and Tamil Nadu score high in social development.Andhra Pradesh ranks first in governance, and Karnataka leads in environmental performance. The rankings exclude Union Territories and aim to provide a comparative, data-driven view of state-level progress and investment appeal.





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