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Thursday
May 2018
11:20 AM IST
News Headlines
'Tired' AB De Villiers retires from international cricket        Natco Pharma PAT for Q ending March 31 up by nearly 70 pc        Trump-Kim meeting set to take place on June 12: Pompeo        Corruption cases result of high treason case instituted against Musharraf: Sharif        Clashes in Gujarat town over Dalit man adding 'Sinh' to name        Rahul to hold rally on farmers' death anniversary in Mandsaur in June        HDK sworn in Karnataka CM at mega opposition show of unity        Anti-Sterlite protest: 11 killed in police firing in Thoothukudi        No charges for cancelling flight tickets within 24 hours of booking: Aviation Ministry proposal        Gowda says he is not opposed to Shivakumar being made minister        For the first time in 226, woman to lead the NYSE        Now, it's India vs Pakistan over Kishanganga project at World Bank        Afghanistan blast: 16 killed, 38 wounded in southern Kandahar province        SBI Q4 loss at Rs 7,718 crore as NPA provisions jump        Faf du Plessis shines as CSK beat SRH to enter seventh final        Emery set to succeed Wenger as Arsenal boss - reports        Venezuelan Prez Nicolas Maduro wins re-election        Plea In Supreme Court Seeks Review Of Verdict In Judge Loya Death Case        BJP now down to 272 Lok Sabha seats from 2014 tally of 282        Modalities of Government Formation in Karnataka Finalised, Says HD Kumaraswamy        
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Business News
Sensex zooms 414 points after Moody's ups India rating
 
(Mumbai, Nov 17, 2017): The BSE Sensex today skyrocketed 414 points to 33,521 and the NSE Nifty raced past 10,300 as banking stocks led a solid rally after Moody's upgraded India's sovereign credit rating.

Positive global cues buoyed sentiment here.

The 30-share Sensex climbed 414 points, or 1.25 per cent, to trade at 33,520.82. The gauge had rallied 346.38 points in the previous session.

Banking behemoth SBI rallied 2.94 per cent while private peers ICICI Bank, Axis Bank, Yes Bank and IndusInd Bank soared up to 3.07 per cent.

All the sectoral indices led by banking, realty and metal were trading in the positive zone, with gains of up to 2.46 per cent.

The 50-share Nifty leaped 124.40 points, or 1.21 per cent, to 10,339.15.

Sentiment got a big push after the US-based Moody's today upgraded India's sovereign credit rating by a notch to 'Baa2' with a stable outlook citing improved growth prospects driven by economic and institutional reforms, traders said.

The rating upgrade comes after a gap of 13 years - Moody's had last upgraded India's rating to 'Baa3' in 2004.

In 2015, the rating outlook was changed to 'positive' from 'stable'.

Other banking stocks that scored gains were Punjab National Bank, Bank of Baroda, Federal Bank, HDFC Bank and Kotak Bank.

Tata Steel, Cipla, Tata Motors, L&T, Reliance Industries, Coal India, Adani Ports, Hindustan Unilever, Bharti Airtel and Sun Pharma made headway.

Globally, in the Asian region, Japan's Nikkei rose 1.47 per cent and Hong Kong's Hang Seng gained 0.58 per cent.

China's Shanghai Composite shed 0.10 per cent in their early deals.

The US Dow Jones Industrial Average gained 0.80 per cent in yesterday's trade.(PTI)


Natco Pharma PAT for Q ending March 31 up by nearly 70 pc
SBI Q4 loss at Rs 7,718 crore as NPA provisions jump
PNB fraud: ED attaches Nirav Modi’s properties worth Rs 171 cr
Sohan Roy features in Top 100 Indian Business Owners by Forbes Middle East
NITI welcomes $16 bn Walmart-Flipkart deal
Bajaj Finserv offers repayment flexibility on home loan
Walmart to acquire 77% stake in Flipkart
Most Indian millennials ready to switch jobs for a pay rise: Report
Monetise Air India assets rather than selling stake: SJM to govt
With Fuel Prices Hitting the Roof, Govt Asks Oil Companies Not to Increase Rates: Report
PM Modi flags off Indian Railways' first high speed electric locomotive in Bihar
Axis Bank stock rises 4% after Shikha Sharma's tenure shortened
It's for RBI to decide on Chanda Kochhar's term at ICICI Bank: Finmin
Crisis-hit Deutsche Bank pushes out British CEO
Highlights of RBI monetary policy
Honda India Recalls Activa 125cc, Grazia and Aviator Scooters
Ratnagiri refinery: Pradhan says open to offer majority stake to Aramco
Telcos' pre-tax losses widen to Rs 38,153 cr in 2016-17
India to be ready with 5G roadmap by June: Tel Secy
Sensex, Nifty turn choppy on weak global cues
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-Kim meeting set to take place on June 12: Pompeo
 Washington, May 23 (PTI) The historic meeting between President Donald Trump and North Korean leader
Corruption cases result of high treason case instituted against Musharraf: Sharif
For the first time in 226, woman to lead the NYSE
Now, it's India vs Pakistan over Kishanganga project at World Bank
NATIONAL NEWS
Clashes in Gujarat town over Dalit man adding 'Sinh' to name
 Ahmedabad, May 23 (PTI) Angered by a Dalit man's decision to add the suffix 'Sinh' to his name, a gr
Rahul to hold rally on farmers' death anniversary in Mandsaur in June
No charges for cancelling flight tickets within 24 hours of booking: Aviation Ministry proposal
Gowda says he is not opposed to Shivakumar being made minister
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