Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2018        Go!    
 
 
February 18, Sunday 2018 11:43 PM       

       HEADLINES: Shuhaib murder: Two CPM activists surrender                                              Are those surrendered the real culprits, asks K Sudhakaran                                              Antibiotics and infection prevention- all you need to know                                              We’ve not appointed anyone to take part in channel discussions: Kodiyeri                                              If you don’t come to field, you wouldn’t get paid: Kodiyeri                                              After PNB, City Union Bank hit by fraud                                              Kamal meets Rajini ahead of political tour                                              Democracy is BJP's core value: Modi                                              Giant replica of moon unveiled in Kolkata                                              Passenger plane carrying 66 people crashes in southern Iran                                              Iran greatest threat to world: Netanyahu                                              Russian church shooting leaves 4 dead                                              ISL: Kerala Blasters pips North East United 1-0                                              J'burg T20I: India look to extend dominance against Proteas                                              J'burg WT20I: SA win toss, ask Indian eves to bat first                                              J'burg T20: Bhuvi's fiver seals victory for India                                              Kaumudi Facebook
       BUSINESS Next Article: 15 months after note ban, RBI still processing returned notes  
       Sensex recovers 260 points, Nifty above 10,500-mark
 
         Posted on :11:38:14 Feb 12, 2018
   
A A
       Last edited on:11:38:14 Feb 12, 2018
         Tags: Sensex 260 points, Nifty above 10,500-mark
 

MUMBAI: Stocks staged a strong comeback in early trade with the BSE Sensex gaining over 260 points and the Nifty recapturing the 10,500-level on continued buying by domestic funds ahead of inflation data to be released after market hours Monday.

Asian markets were also trading in the green after a late-day rally on Wall Street on Friday.

The 30-share Sensex recovered by 260.12 points, or 0.76 per cent, to 34,265.88 in opening trade. The index had lost 407.40 points or 1.18 per cent to settle at one month low of 34,005.76 on Friday.

All the sectoral indices led by metal, realty and infrastructure were trading in the green with gains up to 1.44 per cent.

The broad-based NSE Nifty went up by 81.65 points or 0.78 per cent to 10,536.60.

Major gainers were ONGC, Tata Steel, Sun Pharma, Bharti Airtel, Adani Ports, L&T, HeromotoCorp and Axis Bank.

Larsen and Toubro rose by 1 per cent after it announced a Rs. 2,200 crore order win by its wholly-owned arm L&T Hydrocarbon Engineering from Abu Dhabi-based Al Dhafra Petroleum Operations Company Limited.

SBI, however, dropped 2.85 per cent following poor quarterly results. The PSU lender on Friday posted a net loss of Rs. 1,886.57 crore after a massive under-reporting of dud assets in the past fiscal and reverses in treasury operations.

Brokers said sustained buying by domestic institutional investors amid a firm trend at other Asian bourses improved the market sentiment.

Domestic institutional investors bought shares worth a net Rs. 588.42 crore while foreign portfolio investors sold shares worth a net Rs. 1351.70 crore on Friday, provisional data showed.

In the Asian region, Hong Kong's Hang Seng was up 0.64 per cent and Shanghai Composite Index by 0.39 per cent in early trade. The US Dow Jones Industrial Average ended 1.38 per cent higher on Friday.

A A
       BUSINESS
Next Article: 15 months after note ban, RBI still processing returned notes
 
 
BUSINESS HEADLINES
Reliance to invest 60,000 cr in Maharashtra  
Retailers accused of levying GST over MRP  
Citizens urge reduction of GST on sanitary napkins  
India, Iran sign double taxation pact  
Refer to these fintech startups for range of medical loans  
SBI launches Global NRI Center to enhance customer experience  
Nifty drops 93 points, ends below 10,500  
Will ask visually challenged to examine new notes: HC  
US dollar ends higher against rupee  
Controversial Economist predicts that India could dethrone western wealth and power  
TCS launches Enterprise Data Lake on Amazon Web  
Budget 2018: Arun Jaitley's education reforms pave way for quality education  
Sensex rises over 200 points, Nifty near 10600  
Sensex extends rally, rises 173 pts on positive macro data  
PM woos investors at Oman-India business meeting  
No change in foodgrain prices  
Punjab National Bank detects $1.77 billion worth of fraudulent transactions, CBI probe ordered  
Chorus of dissent against budget grows: Chidambaram  
TCS among top three employers in N America 2018  
RBI rolls out new stressed assets framework to tackle bad loan problem  
Sensex recovers 260 points, Nifty above 10,500-mark  
15 months after note ban, RBI still processing returned notes  
Union Budget has failed people of India: Chidambaram  
SBI reports Rs. 2,416 cr loss in Q3  
India Post Payments Bank to enable digital payment by April  
 
Do you think Kerala govt is a failure in mantaining law and order in the State?
yes
 
no
 
no opinion
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy