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Sensex moves up 113 pts, Nifty climbs above 10,000
Posted on 13th October 2017
The benchmark Sensex went up 113 points and the NSE Nifty seized control of 10,000 level today as domestic investors raised the bar ahead of key industrial output numbers to be released later in the day. Another record close on Wall Street after the release of the US Fed minutes fuelled the uptrend.

The 30-share Sensex was higher by 112.53 points, or 0.35 per cent, at 31,946.52. Healthcare, realty, IT, capital goods, oil and gas and auto stocks were in the pink of health, rising by up to 0.86 per cent. The gauge had lost 90 points yesterday.

The NSE Nifty too rose 36.60 points, or 0.36 per cent, to 10,021.40. Building up of positions by participants ahead of key economic data -- industrial production (IIP) for August and consumer inflation for September to be released after market closing today -- drove up domestic bourses. In the Sensex kitty, Sun Pharma topped the gainers list by climbing 2.42 per cent to Rs 538.50 after the company said it has received establishment inspection report (EIR) from the US health regulator for its Dadra facility. Stock of the country's largest software exporter, TCS, was trading higher by 0.83 per cent at Rs 2,521.15 ahead of its September quarterly earnings slated later in the day.

Other big movers were Lupin, Reliance Industries, NTPC, Hero MotoCorp, Tata Steel, Hindustan Unilever, M&M, Maruti Suzuki, Infosys and Bajaj Auto, advancing up to 1.08 per cent. Japan's Nikkei rose 0.47 per cent while Hong Kong's Hang Seng moved up 0.17 per cent in early trade today.

China's main Shanghai Composite, however, shed 0.24 per cent. The US Dow Jones Industrial Average ended at a record high by surging 0.18 per cent yesterday.

Related Companies: Bombay Stock Exchange - BSE   National Stock Exchange of India Ltd (NSE)    

Other Latest News
 
Leading bourse National Stock Exchange (NSE) will auction investment limits for overseas investors for purchase of corporate bonds worth Rs 94.75 billion on Monday.

The auction will be conducted on NSE's e-bid platform from 1530 hrs to 1730 hrs after the close of market hours, the exchange said in a circular.


 
The Election Commission is learnt to have recommended to the President the disqualification of 20 AAP MLAs for allegedly holding office of profit.

In its opinion sent to President Ram Nath Kovind, the Election Commission said by being parliamentary secretaries, they held office of profit and were liable to be disqualified as MLAs of the Delhi Assembly, highly placed sources said.


 
To make REITs and InvITs more attractive, markets regulator Sebi has allowed strategic investors like registered NBFCs and international multilateral financial institutions to invest up to 25 per cent of the total offer size of such trusts.

"The strategic investor(s) shall, either jointly or severally, invest not less than 5 per cent and not more than 25 per cent of the total offer size," Securities and Exchange Board of India (Sebi) said in a circular.


 
Consolidated profit of IT major Wipro Ltd dropped 12 per cent to Rs 19.3 billion for the quarter ended December 2017 as against Rs 21.89 billion in the previous quarter.

However, revenue from operations rose 2 per cent to Rs 136.69 billion as against Rs 134.23 billion in September 2017.


 
NEW DELHI: Telecom service provider Idea Cellular on Thursday announced "cashback offer" worth Rs 3,300 on online recharges of Rs 398 and above till February 10, 2018.

"On all 'Unlimited' plan recharges of Rs. 398 and above, done through any online channel, Idea customers will get eight discount vouchers of Rs. 50 each," the company said in a statement here.


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