Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2012        Go!    
 
 
July 28, Friday 2017 12:06 PM       

       HEADLINES: Man held for trying to sell deer musk                                              P T Usha to boycott Malayalam visual media                                              K R Narayanan's cemetery turns controversial                                              Amit Shah to contest Rajya Sabha polls from Guj                                              Modi congratulates Nitish after resignation                                              Nitish Kumar back to NDA fold, to take oath as Bihar CM tomorrow                                              Nitish Kumar is new Bihar CM, Sushil Modi his deputy                                              Lalu dubs Nitish an 'opportunist'                                              White House says Trump supports sanctions on Russia                                              Sri Lanka labour to 154 for 5 after India fold for 600                                              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
   
A A
       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.

A A
       BUSINESS
Next Article: Markets make slow start, macros take focus
 
 
BUSINESS HEADLINES
HarperCollins launches business imprint  
Indian banks most at risk among South, S-E Asian peers: Poll  
Rupee surges 21p against dollar after no rate hike by US Fed  
RBI to cut repo rate by 25 bps on Aug 2: HSBC  
China accuses India of 'abusing' trade remedy measures  
Sensex rises 50 pts in early trade on earnings  
'India will emerge as one of biggest markets for IT services  
Nifty tops 10,000 for a moment, Sensex slips from record  
Why has RBI not yet given no. of scrapped notes, asks Oppn  
Rupee softens 5 paise against dollar  
Nifty surpasses 10,000 mark, Sensex up by 102 points in opening trade  
Need examples to deter benami deals, says Jaitley  
Jaitley introduces bill to replace Banking Regulation Ordinance in Lok Sabha  
40% of India's GDP outside GST: Chidambaram  
DeMo, GST to widen tax base, make cash dealing difficult: FM  
Pak may face economic instability if reforms stop: IMF  
UN selects Dubai as data hub for MENASA region  
Nifty ends above 9,900, RIL leads  
Sensex's early rise hits a bump, IT weighs  
Australia to help Sri Lanka combat its worst dengue fever  
Niti panel yet to finalise report on autonomous bodies: Govt  
GST win-win deal for all: Jaitley  
Rupee rallies for 3rd session, hits near 6-week high  
NSSO to conduct survey on drinking water in July 2018  
Cabinet clears draft bill to replace GST ordinances for J&K  
 
P U Chithra issue: Is it fair to blame P T Usha?
yes
 
no
 
don't know
 
 
 
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