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Sensex rises over 150 points; Nifty nears 11,500
Posted on 16th October 2019
Equity benchmark BSE Sensex advanced over 150 points on Wednesday driven by gains in energy and banking stocks amid sustained fund inflow and positive cues from global equities.

The 30-share index was trading 158.41 points, or 0.41%, higher at 38,664.50 at 0930 hours. Similarly, the broader NSE Nifty rose 50.75 points, or 0.44%, to 11,479.05.

Top gainers in the Sensex pack included Bajaj Finance, Yes Bank, HDFC Bank, RIL, Tata Motors, Bajaj Auto, Tata Steel and ONGC, rising up to 3%.

On the other hand, Vedanta, PowerGrid, ITC, Hero MotoCorp, M&M, Asian Paints, L&T and TCS fell up to 1.50%.

In the previous session, the BSE barometer closed 291.62 points, or 0.76%, higher at 38,506.09, while the Nifty rose 87.15 points, or 0.77%, to settle at 11,428.30.

Foreign institutional investors (FIIs) continued to be net buyers in the capital market, infusing ₹436.02 on Tuesday, and domestic institutional investors bought shares worth ₹929.39 crore, data available with stock exchange showed.

Elsewhere in Asia, bourses in Hong Kong, Seoul and Tokyo were trading on a positive note, while those in Shanghai were in the red.

Exchanges on Wall Street ended significantly higher on Tuesday amid positive news on the US-China trade front and hopes of a Brexit deal this week.

“News that the trade dispute between US and China is nearing the end has lifted global markets,” said Sunil Sharma, Chief Investment Officer, Sanctum Wealth Management.

Further, domestic investors are pricing in the positive commentary from corporates this earnings season, he added.

Market experts are also of the view that the central bank will continue with its accommodative policy stance and may go for further rate cut in the policy review of December 2019, as retail inflation moved up in September.

According to traders, sustained domestic and foreign fund inflow has also boosted investor sentiment.

The rupee, meanwhile, depreciated 12 paise against its previous close to trade at 71.66 in early session.

Brent futures, the global oil benchmark, rose 0.26% to USD 58.89 per barrel.

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

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Smog blankets Delhi-NCR as air quality remains in severe category
Posted on 13th November 2019
The Air Quality Index (AQI) in Delhi-NCR has once again entered into the severe category on Wednesday with PM level crossing the 500-mark at some places.

Major pollutants PM 2.5 at 500 & PM 10 were at 497, both in the severe category in Lodhi Road area, according to the Air Quality Index (AQI) data.


Onion prices are fueling inflation in India but RBI may still ignore it
Posted on 13th November 2019
India’s headline inflation probably breached the central bank’s 4% medium-term threshold last month, but that surge -- driven by high onion prices -- is unlikely to distract monetary policy makers from their focus on growth.

Economists pegged the gains in consumer prices at 4.35% in October, according to the median of 33 economists surveyed by Bloomberg. That would be the first above-4% print since July 2018 and the highest since June last year.


India to be a top player in data-driven world of next decade: Michael Dell
Posted on 13th November 2019
The data king of the world and founder of IT giant, Dell Technologies, Michael Dell feels that the next decade would be driven and shaped by data, and India could be one of the significant players.

In an exclusive interview with IANS, here at the company's Global headquarters the American billionaire businessman and Chairman of Dell, one of the world's largest technology companies said that India figures as the topmost destination for his enterprise in the years to come.


Karnataka: SC upholds disqualification of 17 MLAs; allows them to recontest
Posted on 13th November 2019
The Supreme Court on Wednesday upheld the disqualification of 17 Congress-JD(S) MLAs in Karnataka on orders of the Speaker but allowed them to contest the December 5 bypolls.

The court struck down the portion of the Speaker's order by which the legislators were disqualified till the end of the 15th Karnataka Assembly.


MSTC up 91% in 12 days; Chhattisgarh govt appoints co its selling agent
Posted on 13th November 2019
Shares of MSTC continued their northward journey, rallying 18 per cent to Rs 181 on the BSE on Wednesday after the Chhattisgarh government appointed the company as its selling agent.

The stock of the state-owned e-commerce firm was trading at its highest level since listing on March 29, 2019. In the last 12 trading days, it has soared 91 per cent, as compared to a 3.3 per cent rise in the S&P BSE Sensex.


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