12
Tuesday
December 2017
9:34 PM IST
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Business News
Sensex recovers 140 pts on positive GDP data
 
(Mumbai, Dec 1, 2017): The BSE Sensex recovered over 140 points in early session today after fresh buying in bluechips triggered by positive GDP numbers for the September quarter amid mixed Asian cues.

Besides, investors creating new positions following the beginning of the December futures and options (F&O) series also lifted the key indices.

The 30-share index, which had lost 575.09 points in the previous three sessions, was trading higher by 140.49 points, or 0.42 per cent, at 33,289.84.

All the sectoral indices led by realty, auto and healthcare were trading in the positive zone with gains up to 1.29 per cent.

The Nifty also rebounded 43.85 points, or 0.42 per cent, to 10,270.40.

Sentiment got a boost after data showed that India's economy expanded by 6.3 per cent in the July-September quarter as manufacturing revved up and business adjusted to the new GST tax regime, reversing a five-quarter slide in GDP growth, brokers said.

Auto stocks were in keen demand on expectations of encouraging November sales data.

Big gainers that supported the key indices include Tata Motors, ONGC, TCS, Sun Pharma, L&T, Kotak Bank, Adani Ports, ICICI Bank, Reliance Industries, Hero MotoCorp, M&M, Maruti Suzuki, NTPC and ITC Ltd with gains of up to 1.22 per cent.

A mixed trend at other Asian markets and overnight gains at Wall Street as the Dow Jones finished above 24,000 points for the first time yesterday as the Senate tax cut plan moved closer to passage, too influenced sentiments here.

Hong Kong's Hang Seng was up 0.01 per cent and Japan's Nikkei was almost flat in their early sessions while Shanghai Composite index fell 0.20 per cent.(PTI)


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KERALA NEWS
Dead pigs brought for sale in Vaikom
 (Kottayam, Dec 12, 2017, DG): Locals seized dead pigs which were brought for sale from Tamil  
Cyclone Ockhi: 2 more dead bodies found
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INTERNATIONAL NEWS
NY attack: Trump says urgent need to fix 'lax' immigration
 (Washington, Dec 12, 2017): US President Donald Trump has asked Congress to end the "chain m
Putin, on visit, orders Russian forces to start pulling out of Syria
Netanyahu says he expects Europe to follow US on Jerusalem
Mallya's defence questions impartiality of Indian judicial
NATIONAL NEWS
Man arrested for trying to climb Buckingham Palace wall
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