Logo

Logo

Business

Sensex pares gains, closes 157 points higher; metal, tech stocks rally

The 30 stock S&P BSE Sensex ended the day at 58,222.10 points, which is 156.63 points or 0.27 per cent higher than its previous session's close at 58,065.47 points. Tracking the rally in the global equities markets, the Sensex started the day sharply higher at 58,314.05 points and soared to a high of 58,578.76 points.

High fuel prices, depreciation of rupee to hamper margins in aviation sector

Even as the recovery in the aviation sector has been highly impressive with stable traffic at around 90 per cent of pre-Covid levels, Brokerage firm Prabhdas Lilladhar has said the domestic passenger traffic is likely to decline nearly 8-9 per cent QoQ, led by the seasonal nature of Indian aviation industry.