The Sensex and the Nifty today logged marginal gains to hit record highs. The Sensex closed above the 52,500 mark while the Nifty settled above the 15,800 level.
The Sensex at Bombay Stock Exchange climbed 77 points, or 0.15 per cent, to finish at 52,552. The Nifty at the National Stock Exchange also added 13 points, or 0.08 per cent, to close at 15,812.
The broader market at BSE logged losses underperforming the Sensex. The Mid-Cap index declined 0.68 per cent and the Small-Cap index lost 0.16 per cent.
In the Sensex pack, shares of 15 companies climbed while 15 fell. Reliance was the top gainer as it surged 1.5 per cent followed by Bajaj Finance which climbed 1.2 per cent. ONGC gained 1.1 per cent while Infosys and Power Grid, both rose one per cent.
In the list of companies which fell, Kotak Bank plunged one and half per cent while HDFC fell 0.8 per cent, Sun Pharma and Bajaj Auto, both declined 0.6 per cent.
In sectoral indices shares of eight out of 19 sectors climbed. Energy sector was the top gainer which rose 0.8 per cent. IT sector stocks gained half a per cent. Tech, Consumer Durables and Oil & Gas added 0.4 per cent each.
Among sectoral indices which fell, Power closed two per cent down. Shares of the Reality sector fell 1.6 per cent and Industrials slipped 1.1 per cent.
The overall breadth of the BSE trade was negative as shares of 1655 companies gained while 1663 fell. Shares of 163 companies remained unchanged.

(EW News Desk)  

Hyderabad, Telangana AI Mission (T-AIM) announced the launch of the accelerator program ‘Revv Up’ that will enable and empower AI startups.

As part of “2020 Year of AI” initiative, Telangana Government launched T-AIM powered by NASSCOM with a vision to develop the state as a global hub for Artificial Intelligence (AI) and leverage it for societal good.

Revv Up, which will begin its first cohort in July this year, is another step towards making Telangana and Hyderabad as a global destination for AI and other emerging technologies.

The accelerator programme, exclusively designed for growth-stage AI startups, will cover various sectors.

Speaking on the occasion, Principal Secretary (IT) Jayesh Ranjan, said, after becoming the first state in India to launch an actionable policy framework for Artificial Intelligence in June 2020, now we are happy to set in motion the first edition of the Revv Up accelerator program to hone innovative AI ideas under the Telangana Artificial Intelligence Mission (T-AIM).

This accelerator will be a torchbearer for future Artificial Intelligence accelerators in the country, and we are excited that NASSCOM will execute the envisioned strategy of T-AIM to identify and promote innovative and impactful AI solutions to solve real-world problems, he said.

The Revv Up accelerator will provide the opportunity for startups to solve tough business problems in collaboration with government and industry, Mr Ranjan said the selected startups will receive mentorship from industry experts, and technology and IP support to build a scalable business around their AI-based product or offering.

The program is aimed at growth-stage AI startups that are based in Hyderabad or intending to set up their facility in the city.

T-AIM encourages startups that have a strong AI use-case to apply, thereby accelerating the startup growth and contributing to the overall growth of the industry, he added.

NASSCOM President Ms. Debjani Ghosh, said, NASSCOM shares a close partnership with the state of Telangana for driving AI adoption and innovation through T-AIM, and the Revv Up accelerator program will provide the much-needed impetus for AI startups in the state and startups in other locations to build innovative AI solutions for government, industry and citizens.

(input – agencies)