17
Tuesday
July 2018
5:32 AM IST
News Headlines
Rajinikanth Supports 'One India, One Election' Proposal        Trump asked me to sue EU over Brexit, says Theresa May        Haiti prime minister resigns after deadly unrest        Mukesh Ambani beats Alibaba's Jack Ma to become richest man in Asia        Djokovic beats Anderson, wins 4th Wimbledon title        Thailand Open Super 500: PV Sindhu loses to Nozomi Okuhara in final        France clinches World Cup with win over Croatia        H-1B visa alert: Donald Trump makes things worse for Indian techies        World Cup: Belgium beat England 2-0 to finish 3rd        PV Sindhu makes final of Thailand Open, Okuhara awaits        Angelique Kerber defeats Serena Williams to win Wimbledon 2018        Former A.P. Chief Minister Kiran Kumar Reddy returns to Congress        If Delhi tries to break PDP, outcome will be dangerous: Mehbooba Mufti        Former PM Nawaz Sharif, daughter Maryam arrested for corruption in Lahore        Social media hub like creating surveillance state: SC        World Cup: Deflated England, Belgium get ready for third place clash        First time in winter: FIFA confirms 2022 World Cup to be held between November and December in Qatar        Mental strength carried Croatia to World Cup final, says Lovren        Kohli currently best batsman because Smith not there: Ponting        Rupee up 19 paise against dollar ahead of key macro data release        
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Business News
Markets consolidate gains, Sensex reclaims 33k-mark
 
(Mumbai, Mar 21, 2018): Stocks found firmer ground for the second straight session today, with the benchmark Sensex reclaiming the key 33,000-mark, ahead of US Federal Reserve's policy meet outcome.

Persistent capital inflows by foreign funds and covering-up of short positions by speculators influenced trading sentiment here, brokers said.

The BSE Sensex spurted 139 points to close at 33,136.18, while the broader NSE Nifty rose 30 points to 10,155.25.

Telecom stocks were the session's biggest gainers, with Bharti Airtel emerging on top in the Sensex pack.

After a strong opening, the BSE 30-share Sensex hit a high of 33,354.93, before closing at 33,136.18, up 139.42 points, or 0.42 per cent.

It had gained 73.64 points in the previous session.

The 50-share Nifty scaled a high of 10,227.30 intra-day but succumbed to profit-booking to finish at 10,155.25, still up 30.90 points, or 0.31 per cent.

Meanwhile, foreign portfolio investors (FPIs) bought shares worth Rs 344.16 crore on a net basis, while domestic institutional investors (DIIs) also purchased equities to the tune of Rs 731.17 crore yesterday, provisional data showed.

"Participants are keen to get cues on future rate hike trajectory (of US Fed), while hawkish pace of tightening might add volatility in the market.

"If the outcome of FOMC will be in-line with expectation without any underlining caveats, we could have a relief rally in the short-term," said Vinod Nair, Head of Research, Geojit Financial Services.

Stocks of sugar companies attracted buyers' fancy after the government yesterday scrapped the 20 per cent export duty on raw and refined sugar to boost shipments as the country is all set to produce record 29.5 million tonnes of the sweetener in the current 2017-18 marketing season.

Balrampur Chini zoomed 8.90 per cent, while Dhampur Sugar rose 0.90 per cent. KCP Sugar climbed 5.28 per cent, Gayatri Sugar gained 2.54 per cent while Ugar Sugar ended flat.

Banking stocks were back in better shape on value-buying coupled with short-covering. Major gainers were HDFC Bank, IndusInd Bank and Kotak Bank, rising up to 1.24 per cent.

In the 30-share Sensex pack, Bharti Airtel rose the most at 4.39 per cent, followed by NTPC at 2.11 per cent.

Other winners were L&T, HDFC Ltd, ONGC, Maruti Suzuki, M&M, RIL, Infosys, Wipro, Coal India, HUL and ITC Ltd, rising by up to 1.14 per cent.

Among sectoral indices, telecom jumped the most at 2.36 per cent, followed by realty, capital goods, teck, power, oil & gas, infrastructure, IT, FMCG, PSU, banking and consumer durables.

Metal, healthcare and auto sector indices ended in the negative terrain on profit-booking.

Broader markets too were in better shape, with the BSE small-cap index gaining 0.31 per cent and mid-cap spurting 0.22 per cent.

In the Asian region, Hong Kong's Hang Seng index rose 0.19, while China's Shanghai Composite Index shed 0.33 per cent and Singapore rose 0.12 per cent. Financial markets in Japan were shut today for a public holiday.

European indices were trading mixed in their late morning session. Frankfurt's DAX rose 0.11 per cent, while Paris CAC 40 was down 0.05 per cent. London's FTSE too fell 0.33 per cent as investors awaited a likely hike in US interest rates.(PTI)


Mukesh Ambani beats Alibaba's Jack Ma to become richest man in Asia
Rupee up 19 paise against dollar ahead of key macro data release
Sensex rallies 400 pts to hit record high; RIL shares surge 5%
US dollar ends cheaper against rupee
BSNL starts first internet telephony service in India
Silver futures harden by 0.19% on global cues
Passenger vehicle sales rise 38% in June; car sales up 34%
DoT clears Idea-Vodafone merger with conditions
Goyal asks Coal India to ensure supply for power sector
Higher MSP may have inflation, fiscal costs: Report
Modi govt needs to shed 'obsession' with economic growth: Jean Dreze
Will work closely with West Bengal for its progress: Prabhu
Mukesh Ambani announces high-speed broadband, Jio Phone 2 with WhatsApp, FB
Gadkari flags off taxi ambulance services
India expecting US to get in touch with it over sanctions on Iran
Nifty ends higher, hovers around 10,700-mark
No plans to close operations at Brady House branch in Mumbai: PNB
India to provide tariff concessions on 3,142 items to APTA members
Exports seem to have good performance in June: Prabhu
WhatsApp's 'one-way' broadcast mode for group chats is here
KERALA NEWS
Kerala among 13 states on thunderstorm alert
 (New Delhi, May 7, 2018): Thunderstorms accompanied by squall, hail and heavy rains are likel  
Kerala Karshaka Jadha Opens to a Great Beginning / Video
Malappuram press club attack: RSS workers nabbed
Workers injured in mudslide at construction site
INTERNATIONAL NEWS
Trump asked me to sue EU over Brexit, says Theresa May
 (London, July 15, 2018):Embattled British Prime Minister Theresa May today revealed that Dona
Haiti prime minister resigns after deadly unrest
Former PM Nawaz Sharif, daughter Maryam arrested for corruption in Lahore
After UK-US spats, Trump flies in to turmoil in Britain
NATIONAL NEWS
Rajinikanth Supports 'One India, One Election' Proposal
 (Chennai, July 15, 2018):At a time when major political parties in Tamil Nadu are opposed to
Former A.P. Chief Minister Kiran Kumar Reddy returns to Congress
If Delhi tries to break PDP, outcome will be dangerous: Mehbooba Mufti
Bombay HC pulls up Pune cops over probe into Rajneesh's 'will'
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