Sensex climbs 211 pts on positive economic data points

14 October, 2017, 01:22 | Author: Regina Silva
  • Buildings are reflected on the glass windows of the NSE building in Mumbai India

Sectoral indices turned green across the board, with metal, realty and FMCG posting sizeable gains of up to 1.90 per cent.

US stocks closed modestly lower on Thursday partly due to profit taking following the upward trend seen over the past several sessions.

Globally, China's blue-chip CSI300 index advanced 0.2 per cent, to 3,921.00 points, while the Shanghai Composite Index added 0.1 per cent to 3,390.52. Tata Steel, Kotak Bank, Coal India, HDFC Bank and ICICI Bank had a field day, surging by up to 2.86 per cent. Shares of Tata Teleservices (up 9.95 per cent), Bharti Airtel (up 7.89 per cent), Idea Cellular (up 5.91 per cent), Reliance Communications (up 5.25 per cent), Bharti Infratel (up 4.07 per cent) and Himachal Futuristic Communications (up 1.17 per cent) extended support by rallying up to 10 per cent.

Pharma stocks such as Sun Pharma (down by 0.87%), and Dr. Reddy (1.09%) ended amid losers.

On the broader side, most indices ended on a marginal gain.

The benchmark Nifty closed at a new record high on Friday after economic data surprised positively.

How major U.S. stock indexes fared on Friday
The major index futures are now pointing to a higher open for the markets, with the Dow futures up by 37 points. USA stocks closed lower on Thursday as Wall Street digested earnings from some of the top financial companies.


Talwars couple not to be released from jail today, says Lawyer
It was also learned that both Nupur and Rajesh Talwar had skipped their breakfast on Thursday morning, according to reports.


Financial Indicators and Analyst Sentiment for Rite Aid Corporation (NYSE:RAD)
Taking a look at a public company's Earnings per Share (EPS) is a good way of evaluating its profitability. Aberdeen Asset Management PLC UK grew its position in Rite Aid Corporation by 94.1% in the second quarter.


Driven by strong IIP numbers and an unchanged inflation, the Sensex on Friday rallied over 211 points to 32,393, reflecting interrupted buying by domestic institutional investors.

Bharti Airtel, India's biggest telecom operator, said it would buy the consumer mobile business of Tata Teleservices and Tata Teleservices Maharashtra, free of cost.

Industrial output hit a nine-month high of 4.3 per cent in August and CPI inflation held steady at 3.28 per cent in September, instead of accelerating as expected, raising tentative hopes the central bank would be less hawkish about interest rates.

The gauge had shot up 348 points on Thursday.

On Friday's session, the benchmark BSE Sensex gained over 300 points and was subsequently hovering around 32,480 levels.

The 50-share NSE index rose to 10,167.45 - a fresh record - up 71.05 points, or 0.70 per cent - after scaling a new intra-day high of 10,191.90.

Recommended:

  • Qualcomm files to block iPhone sales and manufacturing in China

    Qualcomm files to block iPhone sales and manufacturing in China

    On September 29 in China, Qualcomm fired the latest salvo against Apple in the two companies' ongoing worldwide legal battle. Rosenstock believes that "like [Qualcomm's] other courtroom maneuvers. this latest legal effort will fail".
    BASF to buy seeds, herbicide businesses from Bayer for $7 bln

    BASF to buy seeds, herbicide businesses from Bayer for $7 bln

    BASF's purchase of the Bayer units will not go ahead unless the Monsanto deal is approved. Kurt Bock said that he was "seizing the opportunity" to purchase the assets in question.
    South Park Takes Down Mark Zuckerberg in Fractured But Whole Prequel

    South Park Takes Down Mark Zuckerberg in Fractured But Whole Prequel

    Also included in the Day One content is " Towelie: Your Gaming Bud ", an in-game friend that will provide tips to the player. The Fractured But Whole has expanded with more places to explore and greater freedom to customize each players' character.
  • Huge boost for Chelsea as Milan dismiss Conte rumours

    Huge boost for Chelsea as Milan dismiss Conte rumours

    My daughter is going to school here in Cobham and it's important to write the truth". Liam is ESPN FC's Chelsea correspondent.
    NaVorro Bowman Released by 49ers After 7 Seasons with Team

    NaVorro Bowman Released by 49ers After 7 Seasons with Team

    He ranks seventh overall in tackles (505) during that span, despite missing 20 games to injury over two of the past three seasons. Bowman, who has an $11.99 million salary cap number next season, doesn't appear to be in the 49ers' long-term plans.

    Stock is down at $82.59 (CBPO) China Biologic Products Announces…

    Jefferies Group LLC reaffirmed a "buy" rating on shares of China Biologic Products in a report on Friday, August 4th. 09, 2017. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1 average brokerage recommendation.
  • Mizzou, KU to play in basketball game for disaster relief

    Mizzou, KU to play in basketball game for disaster relief

    When asked about reviving the Border War game, just days after Sterk's comments, Self told The Kansas City Star , "As of now, no". The game will not be televised or streamed, but KU and MU will broadcast it on their radio networks.
    Madhya Pradesh cuts Value-Added Tax  on Petrol, diesel, new prices from midnight

    Madhya Pradesh cuts Value-Added Tax on Petrol, diesel, new prices from midnight

    State Congress was critical even as the Shivraj Singh Chouhan government cut VAT on diesel and petrol. Mungantiwar said the new rates on petrol and diesel will be effective from Wednesday.
    Congress pressures IRS to suspend Equifax contract

    Congress pressures IRS to suspend Equifax contract

    Equifax protested losing the contract to the US Government Accountability Office on July 7, according to documents . The move means millions of Americans won't be able to establish new accounts to access their online records.
  • Ashish Nehra announces retirement, will sign off in Delhi

    I can play for another couple of years but it isn't easy for a fast bowler at 38-39, especially considering the state of my body. The Delhi-native has collected 44 test, 157 one-day worldwide and 34 Twenty20 wickets in his 18-year global career.

    Price Target Analysis Discovery Communications, Inc. (DISCA)

    Over a month, it has seen its stock price volatility to stay at 2.86% while shortening the period to a week, volatility was 2.28%. Shares of Discovery Communications (NASDAQ: DISCA ) traded down 1.35% during mid-day trading on Wednesday, hitting $19.73.
    State AGs ready to sue Trump over health care subsidies

    State AGs ready to sue Trump over health care subsidies

    Lamar Smith, R-San Antonio, applauded Trump "for taking action to improve access, increase choices and lower costs for Americans' health care".


Popular

Placing This Stock in the Hotbed: Lam Research Corporation (NASDAQ:LRCX)
It last reported revenues of $1.03 billion and EPS of $0.9 for the June 2017, representing 8% top-line growth and 0.9 EPS growth. It is negative, as 43 investors sold LRCX shares while 255 reduced holdings. 110 funds opened positions while 182 raised stakes.

Southwest Airlines Company (NYSE:LUV) Closed 8.0% Above Its 50 Day Average
Stephens Ar holds 46,647 shares. 1St Source Comml Bank owns 0.02% invested in Southwest Airlines Co (NYSE: LUV ) for 4,292 shares. The expected future growth in earnings per share ("EPS") is an incredibly important factor.in identifying an under-valued stock.

Trump refers to Virgin Islands governor as its 'president'
The official White House transcript corrected Trump's remarks by putting "governor" in brackets next to "president". Earlier in the hearing, he correctly referred to Puerto Rico as a territory.

Liverpool: Can Reds survive tough fixtures without Sadio Mane?
Sportsmail looks at three different ways that Klopp's Liverpool could line up without their key player. And Ginola highlights how the loss of Mane will impact heavily on the team.

Easley police increase school security after threat on social media
All Brunswick High School students were also screened and searched upon entering school, this morning, as a precaution. He said it was a written threat and no students or staff were injured or harmed.

Mum-of-eight eight dies in freak skydiving accident for 50th birthday
In a statement issued this evening, Skydive Australia said it had suspended operations at Mission Beach following the tragedy. A police spokesperson said: 'Two men in their 30s and a woman in her 50s were located deceased at the scene.

First Horizon National Corporation (FHN) to Release Earnings on Friday
Greenwood Capital Associates LLC increased its position in First Horizon National Corporation by 7.3% during the 2nd quarter. Fuller & Thaler Asset Management Inc. holds 2.75% of its portfolio in First Horizon National Corp for 12.03 million shares.

Analysts Showing Optimistic Trends For Netflix, Inc. (NFLX)
They now have a $235.00 price target on the Internet television network's stock, up from their previous price target of $200.00. MKM Partners reissued a " buy " rating and issued a $195.00 target price on shares of Netflix in a report on Monday, July 10th.

USA consumer price inflation disappoints
The increase in gasoline prices was the largest since June 2009 and followed a 6.3 percent rise in August. European shares rose to their highest in almost four months, helped by corporate earnings updates.

NeNe Leakes Says She Had a "Breakdown" Following Heckling Controversy
For the latest celebrity entertainment, news and lifestyle videos, subscribe to Us Weekly's YouTube Page . The Great Xscape tour kicks off in November.