Stock market sees a good boom, Sensex rises by 555.95 points and Nifty gains 165.95 points; EV customers to receive refund for charger cost; GoFirst stops booking tickets till May 15 and DGCA directs refund of passengers’ money; Finance Minister emphasizes the importance of a strong Asian Development Bank; Rupee gains marginally by two paise at 81.78 per dollar; NCLT to hear GoFirst’s appeal today; Larsen & Toubro, Bajaj Finance, Titan, Tata Steel among gainers in Sensex companies.

DelhiDesk The Sensex and Nifty have both registered gains, with the Sensex rising by 555.95 points and the Nifty closing with a gain of 165.95 points. Troubled airline GoFirst has announced it will stop booking tickets until May 15 and is considering refunding passengers’ money. Electric vehicle companies, including Ola Electric, Ather, Hero, and TVS, have agreed to refund a total of Rs 288 crore ($38.7m) charged for chargers to customers. Finance Minister Nirmala Sitharaman has emphasized the need for a strong Asian Development Bank for sustainable and dynamic regional development. The rupee gained 15 paise to reach 81.65 per dollar in early trade on Thursday. Global markets are experiencing pressure due to the Federal Reserve Bank’s decision to increase interest rates by 25 basis points.

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Here is the news bullets sorted by DelhiBreakings.com team.

– Sensex and Nifty registered gains, with Sensex up by 555.95 points and Nifty up by 165.95 points.
– Troubled airline GoFirst has stopped ticket booking until May 15 and is considering refunding passengers’ money or allowing it to be used for future travel.
– Electric two-wheeler companies are refunding customers’ money charged for the charger, which was separately charged from the customers buying electric bikes or scooters.
– GoFirst has filed a petition in NCLT, appealing to restrain aircraft lessors from taking any recovery action and DGCA from coercive action.
– Finance Minister Nirmala Sitharaman emphasized the need for a strong Asian Development Bank (ADB) at the 56th Annual Meeting of ADB in Incheon, South Korea.
– The stock market opened on a positive note due to inflow of foreign funds and buying in Reliance Industries, with Sensex up by 77.64 points and Nifty up by 27.7 points.
– The rupee gained 15 paise to reach 81.65 per dollar in early trade amid a weakening trend in the American currency in global markets.
– Global markets are showing weak signals for the domestic stock market due to the Federal Reserve Bank’s decision to increase interest rates by 25 basis points.

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