13
Tuesday
November 2018
10:13 AM IST
News Headlines
Preparing for Australia tour by watching videos: Shami        India invites Swedish companies to explore investment opportunities        Govt cancels ED officer Rajeshwar Singh's leave        175 dead, over 10,000 affected by Nigeria cholera outbreak        Lankan parties move SC against Parliament dissolution by Prez Sirisena        Delhi pollution: Task forces conducts meetings on WhatsApp for urgent decisions        PM slams Rahul, Sonia for questioning note ban; need no certificate from those on bail        70 per cent turnout in first phase of Chhattisgarh polls: EC        Union Minister Upendra Kushwaha attacks NDA ally Nitish Kumar amid reports of RLSP MLA joining JD(U)        Mining Baron Janardhana Reddy Remanded in Custody Till November 24 for 'Shielding' Ponzi Scam Accused Father-Son        Death toll hits 25 from wildfires at both ends of California        "Nationalism Betrayal Of Patriotism": Emmanuel Macron, Trump By His Side        3rd T20: Dhawan, Pant take Ind to victory, series win        FC Goa beat Kerala Blasters 3-1 in ISL        One killed, several injured in stabbing attack in Melbourne: Police        Journalists beware: After Bloomberg bots, AI news presenter debuts in China        Harmanpreet Kaur’s record century headlines India’s big win over NZ in opener        Mumbai City end NorthEast United’s unbeaten run        Chelsea beat BATE 1-0 in Europa League        Srikanth enters pre-quarterfinals of China Open        
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Business News
Sensex, Nifty extend gains to hit fresh highs
 
(Mumbai, Jan 15, 2018): Stocks built on gains to hit fresh life-time highs on late morning trade on across the spectrum buying led by financials, banks, metal, consumer durables, energy, power and basic materials amid higher Asian cues.

The benchmark BSE Sensex spurted by 343.42 points, or 0.99 per cent, to an intra-day record high of 34,935.81. The broader Nifty also zoomed by 90.15 points, or 0.84 per cent at 10,771.40.

Domestic sentiments were upbeat on positive macro data and recovery in corporate earnings along with high optimism over global peers.

A robust industrial production (IIP) growth to 17-month high of 8.4 per cent in November despite the retail inflation logging a 17-month high of 5.2 per cent in December supported the sentiment.

Major gainers were HDFC 4.76 per cent, ICICI Bank 3.40 per cent, Tata Steel 2.04 per cent, NTPC 1.42 per cent and Kotak Bank 0.99 per cent.

Foreign portfolio investors (FPIs) sold shares worth Rs 158.16 crore on net basis while domestic institutional investors (DIIs) bought equities to the tune of Rs 696.25 crore last Friday, provisional data showed.

Asian markets gained and built on the strong start to this year and headed for a fresh record high amid optimism in global growth.

The US markets will remain shut today for the Martin Luther King Jr. holiday.

Better-than-expected quarterly earnings from some financial majors and robust economic data boosted the benchmark US indices to fresh closing highs last Friday.

-- Rupee surges 24 paise against US dollar --

The rupee surged by 24 paise to 63.39 against the greenback in late morning deals on sustained bouts of dollar selling from banks and importers banks amid rallying local equities and weak dollar overseas.

The rupee opened higher at 63.45 per dollar from last Friday's closing level of 63.63 at the inter-bank foreign exchange market today.

The domestic unit hovered between 63.48 and 63.33 during morning deals, before trading at 63.39 at 1130hrs.

"Rallying equities to record highs amid strong macro indicators as well as a weak dollar overseas were supporting the rupee sentiment," a dealer said.

The US dollar was trading at three-year lows against a basket of currencies in early Asian trade.(PTI)


India invites Swedish companies to explore investment opportunities
Govt cancels ED officer Rajeshwar Singh's leave
Facebook blocks 115 accounts ahead of US midterm elections
Indian norms on PCA, capital are conservative, rule-based: SBI
SBI back in black on credit growth
TN transport employees threaten to go on strike
Ease of biz ranking: Indian can improve further, says Jaitley
Rupee declines 11 paise to close at 73.27 against US dollar
Gold rises in futures trade; up 0.54% on global cues
Mistry announces startup fund on 2nd anniversary of his ouster
BSE gets Sebi's nod to launch Oman crude oil contract
Sensex cracks 34,000-mark, Nifty below 10,200 on weak global cues
Petrol pumps in Delhi on strike demanding VAT cut
RBI likely to stay on hold for rest of FY'19 : Report
Japan introduces Artificial Intelligence technology to ease business
Reliance Industries posts net profit of Rs 9516cr in Q2
Infosys Q2 net profit grows 10.3% to Rs 4,110 crore
Trillions in US net worth vulnerable to recession: IMF
Will cause third World War if I join politics: Indra Nooyi
RBI springs surprise, keeps interest rates unchanged
KERALA NEWS
Sabarimala protests: Arrests up to 2061, Kerala HC warns police
 Thiruvananthapuram, OCT 27: As the number of people arrested for allegedly being involved in violent  
Vijayan urges UAE Keralites to back salary challenge
Sabarimala row: Protests against SC verdict continue
Balabhaskar's wife Lakshmi shifted to ICU
INTERNATIONAL NEWS
175 dead, over 10,000 affected by Nigeria cholera outbreak
 Lagos, Nov 12 (AFP) Suspected cholera cases have jumped in northeast Nigeria where Boko Haram violen
Lankan parties move SC against Parliament dissolution by Prez Sirisena
Death toll hits 25 from wildfires at both ends of California
"Nationalism Betrayal Of Patriotism": Emmanuel Macron, Trump By His Side
NATIONAL NEWS
Delhi pollution: Task forces conducts meetings on WhatsApp for urgent decisions
 New Delhi, Nov 12 (PTI) What happens when air pollution levels in the national capital are 'severe'
PM slams Rahul, Sonia for questioning note ban; need no certificate from those on bail
Union Minister Upendra Kushwaha attacks NDA ally Nitish Kumar amid reports of RLSP MLA joining JD(U)
Mining Baron Janardhana Reddy Remanded in Custody Till November 24 for 'Shielding' Ponzi Scam Accused Father-Son
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