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August 16, Wednesday 2017 6:58 PM       

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       Sensex firms up 61 points on fund inflows
 
         Posted on :20:04:16 Aug 7, 2017
   
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       Last edited on:20:04:16 Aug 7, 2017
         Tags: Sensex firms up 61 points on fund inflows
 

MUMBAI: The benchmark BSE Sensex continued its rising trend by gaining over 61 points to 32,386.52 in early trade Monday on sustained foreign fund inflows amid positive global cues.

The 30-share index rose 61.11 points, or 0.18 per cent, to 32,386.52. The gauge had gained 87.53 points in the previous session.

Also, the NSE Nifty was quoting 19.10 points or 0.19 per cent higher at 10,085.50.

Barring IT and teck, all the sectoral indices, led by metal, realty, bank and auto were trading in the positive terrain with gains up to 1.03 per cent.

Brokers said sentiment remained positive on the back of persistent capital inflows by foreign funds and widening of positions by retail investors.

Among Sensex components, Tata Steel emerged top gainer by surging 2.79 per cent to Rs. 591.55 as participants raised their bets ahead of quarterly earnings numbers.

Other big movers were ICICI Bank, Hero MotoCorp, Coal India, Bajaj Auto,Maruti Suzuki, Tata Motors and Sun Pharma, rising by up to 1.64 per cent.

Besides, a firm trend in other Asian markets after strong US jobs numbers provided relief to investors too influenced sentiments here.

In the Asian region, Japan's Nikkei rose 0.63 per cent and Hong Kong's Hang Seng gained 0.28 per cent, while China's Shanghai Composite Index shed 0.16 per cent.

The US Dow Jones Industrial Average ended 0.30 per cent up in Friday's trade.

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       BUSINESS
Next Article: Chabahar Port a gateway to golden opportunities: Gadkari
 
 
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Denial of benefit over lack of Aadhaar is breach of norms  
Nifty ends below 10,000, drops 79 pts  
CBDT highlights 25 per cent surge in filing of IT returns  
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Sexual abuse data begins to come out of corporate closets  
FICCI welcomes appointment of Rajiv Kumar, new VC of NITI Aayog  
India hopeful of making Chabahar port operational by 2018  
Air Force signs contract for 2 presidential aircraft  
Forex reserves surge to record $392.86 bn  
 
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