Economy

Sensex rebounds 117 points in sea-saw trade

Sensex rebounds 117 points in sea-saw trade”

Moreover, covering-up by speculators who had been creating short positions too gave equities a push. Within Minutes of trading, the benchmark Sensex rose as much as 223.94 points to hit the day's high of 32,614.89 while Nifty jumped 77.6 points to mark the day's high at 10,224.15 points.

After a long Diwali break, market commenced higher at 32,411.86 points, tracking a firm trend at Asian markets.

The S&P BSE Mid-Cap index rose 0.46 per cent and the S&P BSE small-cap index also gained 0.12 per cent.

The 30-scrip Sensitive Index (Sensex), was trading 34.45 points or 0.11 per cent lower soon after opening.

Bharti Airtel emerged as top performer with 4.99 per cent rise, followed by Reliance Industries at 3.05 per cent. In just one hour of the trade about Rs 1,682.54 crore worth of shares were exchanged hands on Nifty 50, out of which RIL contributed around Rs 330 crore - which is an unusual figure on Muhurat trading followed by Bharti Airtel, and Axis Bank.

Among BSE sectoral indices, oil & gas index gained the most by 1.02 per cent, TECk 0.85 per cent, IT 0.81 per cent and metal 0.72 per cent.

Major gainers were BhartiAirtel (2.76 pct), HeroMotco (1.55 pct), ICICI Bank (1.49 pct), Reliance (1.44 pct), Adaniport (1.39 pct), Coal India (1.33 pct) and Sunpharma (1.28 pct).

While, FMCG fell by 0.66 per cent, healthcare 0.64 per cent and capital goods 0.23 per cent.

The BSE Sensex staged a strong comeback to end higher by almost 117 points, reversing its three-session losing run on gains in telecom, energy, realty, oil & gas and IT stocks amid firm global cues.

A firmer dollar nudged gold down 0.4 per cent to $1,275.07 an ounce.

In the euro zone, Frankfurt's DAX rose 0.26 per cent and Paris CAC 40 up 0.21 per cent in their late morning deals.



Like this

Latest


23 October 2017
Vizag: Woman raped by drunk man in broad daylight, onlookers shoot
Based on the information given by the auto driver and other local people, police took the lorry driver into custody. The woman, who was mentally challenged and homeless, was also sent to the hospital and was undergoing treatment.

23 October 2017
Tables, Ladders, & Chairs 2017 Results — WWE TLC
Following Sunday night's WWE TLC pay-per-view, in a WWE.com exclusive, Finn Balor talked about his awesome match with AJ Styles . Easily two of the best competitors in WWE , Finn Balor and AJ Styles have never gone one-on-one in a WWE ring.

23 October 2017
Halliburton Company (HAL) Shares Sold by Exane Derivatives
They issued an "outperform" rating and a $64.00 price objective on the stock. ( NYSE:VTR ), 1 have Buy rating, 3 Sell and 12 Hold. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink .

23 October 2017
Barrick Gold Corp (ABX) Earns "Market Perform" Rating from BMO Capital Markets
Commerzbank Aktiengesellschaft FI increased its stake in shares of Barrick Gold Corporation by 34.2% in the second quarter. Arlington Capital Management Inc. increased its stake in shares of Barrick Gold Corporation by 4.6% in the second quarter.

23 October 2017
Police Seek Couple for Brutal Murder of 13-Day-Old Infant
Kelly said Sullivan will appear before a judge in Georgia, then the question of her extradition to Utah will be addressed. Sullivan told police she called a friend the night the child died, asking for a way to escape abuse of her and her baby.

23 October 2017
Oil prices higher on Iraq tensions, slower supply
Ahead of the coming week, Investing.com has compiled a list of these and other significant events likely to affect the markets. The weekly rig count is an important barometer for the drilling industry and serves as a proxy for domestic oil production.

23 October 2017
Russia's Lavrov calls for Iraq-Kurd dialogue
The loss of Kirkuk prompted calls from Gorran, the main opposition party to Barzani, for his resignation. Iraqi oil minister Jabar al Luaibi said on Saturday he had sought clarification from Rosneft.

23 October 2017
Slovenian president eyes second term in Sunday election
Slovenia's president, Borut Pahor , won the most votes in the presidential election but not enough to continue with his term. Sarec, who got about 25 percent of the vote, has not made any response to the initial result.

23 October 2017
Gas prices continue to fall
Gas prices have fallen steadily for the past five weeks and motorists are seeing gasoline demand drop alongside prices. Nationally, prices fell 1.6 cents a gallon, to $2.44, GasBuddy said in a statement.

23 October 2017
Catalans Plan Human Shield to Block Madrid Takeover
The Senate has yet to agree to the steps proposed by Rajoy, but the measures are likely to obtain the necessary support. The CUP is a key ally of the ruling separatist coalition in the regional parliament.



Recommended