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April 23, Sunday 2017 11:19 PM       

       HEADLINES: Woman, three daughters mowed down by train                                              Vengara bypolls will decide who is ‘right’, says Joy Mathew                                              Money power and Power Mani behind Munnar encroachment, says Kummanam                                              KRK says sorry for comparing Mohanlal to ‘Chota Bheem’                                              M M Mani is shame for state, says Sudheeran                                              TN CM meets protesting farmers in Delhi                                              ISRO to increase launch frequency to 12 per year                                              Mega defence deals likely during PM's trip to Israel                                              Modi to address all BJP CMs today                                              TN farmers suspend protest after CM's assurance                                              Pakistani man eats leaves for 25 years, never falls ill: Report                                              PPP to launch movement for Sharif's resignation                                              US accuses TCS, Infosys of violating H-1B visa norms                                              It is sad that India is no. 3 in doping: Mary Kom                                              Dhoni seals 6-wkt victory for Pune against Hyderabad                                              Bowlers deliver win for Mumbai                                              No required rate too high if you keep calm: Dhoni                                              Bopanna-Cuevas pair wins Monte Carlo Masters                                              Kaumudi Facebook
       BUSINESS Next Article: Markets make slow start, macros take focus  
       Sensex vaults 213 pts ahead of economic data, earnings
 
         Posted on :17:31:40 Apr 11, 2017
   
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       Last edited on:17:31:40 Apr 11, 2017
         Tags: Sensex, Nifty
 

MUMBAI: Stocks remained on the front foot as the Sensex on Tuesday sprinted 213 points to close at 29,788, after three days of losses, on investor optimism about March quarter earnings.

Investors are looking forward to a set of economic data -- industrial production (IIP) for February and CPI inflation for March due tomorrow. The quarterly results are going to kick off with Infosys announcing its numbers on Thursday.

Sectorial indices such as FMCG, capital goods, PSU, realty and banking were in the lead, giving sentiment a lift.

The 30-share barometer resumed higher before ending at 29,788.35, a recovery of 212.61 points, or 0.72 per cent. The gauge had lost 398.50 points in the previous three sessions.

The NSE Nifty again crossed the 9,200-mark to hit a high of 9,242.70 and settled 55.55 points, or 0.61 per cent, higher at 9,237.

"The rupee reversing some of its losses and approaching Infy Q4 results propped up IT stocks. Banks continue to look forward to NPA resolution measures shortly, and the strength was visible today. India's IIP and CPI release tomorrow will keep market interested, but may not make a strong move until Q4 numbers start flowing in," said Anand James, Chief Market Strategist, Geojit Financial Services.

Hopes of good show by IT major Infosys for the March quarter helped. The stock recovered 1.49 per cent. ICICI Bank, SBI, L&T, Wipro, Bharti Airtel and Asian Paints all added to the broad momentum.

The BSE FMCG index surged 1.56 per cent whereas ITC soared 3.16 per cent. Other sectorial indices did not disappoint as capital goods rose 1.48 per cent, PSU 1.45 per cent and realty 1.29 per cent.

Small-cap and mid-cap indices firmed up by 1.01 per cent and 0.39 per cent, respectively.

Meanwhile, the foreign funds sold net Rs. 716.19 crore yesterday, as per provisional figures.

Overseas, shares remained mixed as investors continued to digest the ramifications of last week's US air strike on Syria.

The market breadth remained positive as 1,724 stocks ended higher, 1,153 closed lower while 144 ruled steady.

The total turnover fell to Rs. 3,613.98 crore, from Rs. 4,013.18 crore yesterday.

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       BUSINESS
Next Article: Markets make slow start, macros take focus
 
 
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