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

loading...
loading...

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
Under-pressure Bilic given deadline to save his job at West Ham
The Hammers were well beaten by Brighton & Hove Albion on Friday as the visitors ran out 3-0 winners at The London Stadium. West Ham owners have made up their mind to settle on with Slaven Bilic as their manager, for the time being.

23 October 2017
Argentine peso rises after Macri allies' strong showing in mid-term election
Macri's coalition is likely to pick up several seats in both chambers. No party is expected to get an outright majority, but Mr.

23 October 2017
North Korea threat is 'critical, imminent,' Japan tells US, South Korea
Since Kim Jong-un assumed leadership of the country in 2011, he has overseen a rapid escalation of its nuclear weapons programme. The drill represents an attempt to launch a preemptive nuclear strike against the North Korea, the letter said.

23 October 2017
UN, AU call for peaceful election in Kenya
Uhuru has agreed to meet Chebukati.Photo:Uhuru Kenyatta/Facebook. Kenyatta had been declared the victor in the earlier vote.

23 October 2017
Marilyn Manson Guitarist Daisy Berkowitz Dead at 49
We had our differences over the years, but I will always remember the good times more", he wrote via Instagram. However, in 1996 Scott departed the band, citing creative differences, and went on to form a solo career.

23 October 2017
BJP releases list of star campaigners for Himachal polls
The star campaigner list also includes chief ministers of UP, goa, Madhya Pradesh, Uttrakhand and Madhya Pradesh. The saffron party is yet to announce chief ministerial candidate for the state.

23 October 2017
Conor Hourihane Assists John Terry's First Aston Villa Goal
He then added: "We are just about starting in the Championship for me". For me the big clubs need to service some smaller clubs.

23 October 2017
Cyberabad police arrest Uber driver who allegedly masturbated during ride
The mail was taken as a FIR and She Teams in-charge Saleema spoke to the complainant over phone and recorded her statement. The owner-cum-driver was arrested within no time and he is being remanded to judicial custody", a police officer said.

23 October 2017
National Anthem in cinema halls may soon become optional
As reported by Scroll, in its order the court said that one need not stand up for the national anthem in cinemas to prove their patriotism.