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Sensex Soars 255 Points; Nifty Ends Above 9650
19 June 2017, 06:28 | Kelvin Horton
The markets saw a flurry of buying as investors sensed NPA resolution gaining traction after the Reserve Bank asked lenders to initiate bankruptcy proceedings against large defaulters.
Mumbai: The Sensex made a good start today latching onto the progress made on the GST front by bouncing over 146 points and the NSENifty retook 9,600 amid a rising trend in Asia.
Globally, all eyes are on political events in Europe as negotiations by UK Brexit Secretary David Davis with European Union will begin soon and French President Emmanuel Macron secured a majority in the parliamentary election over the weekend.
"The Market is back to the buoyed sentiment due to relaxation in return filing timeline to minimize the impact of transition to GST". BSE Small-cap index closed lower by 0.08 points at 15653 level.
The 30-share BSE Sensex was up 255.17 points at 31,311.57 and the 50-share NSE Nifty rose 69.50 points to 9,657.55, aided by banking & financials, metals, FMCG stocks and Reliance Industries.
The gauge had lost 99.51 points in the previous two sessions.
Risk-on improved after the GST Council on Sunday relaxed return filing rules for businesses for the first two months of the tax rollout even as it stuck to the July 1 launch date.
On the other hand, Infosys (1.17%), Sun Pharmaceutical Industries (0.77%), Dr Reddy'S Laboratories (0.76%), Coal India (0.59%), Oil & Natural Gas Corporation (0.48%), and Tata Motors (0.33%) were the biggest losers in the Sensex. China's Shanghai Composite was too up by 0.44 per cent. Broader market indices performed in line with the major indices but slipped in the red zone at the closing bell.
Funny Father's Day Memes: Good Ol' Dad Needs Some Laughs
It was chaired by Minister for Social and Family Development Tan Chuan-Jin and held alongside a day-long Father's Day carnival. History of Fathers Day isn't even a century old thanks to the lady knows as Ms Sonora Louise Smart Dodd of Washington.
Jose Fonte at Confederations Cup #1
Nani's 21st minute goal was disallowed by video assistants because a Portugal player was offside in the build up to the goal . Earlier, Javier Hernandez became Mexico's record goal scorer when he cancelled out Ricardo Quaresma's early strike.
Steve Scalise condition improves after surgery
He continues to communicate with us through notes, and even signed the game ball for the Congressional Baseball Game. Scalise has undergone number surgeries so far, and his recovery is expected to be lengthy.
Get me Man U move, Ronaldo instructs agent
Portuguese Player, Real Madrid star , Cristiano Ronaldo has instructed his manager to get him a summer move to his old club. The rumours of Ronaldo leaving the Spanish giants emerged after allegations of around £15 million tax fraud by a law firm.
Brexit Minister: No Doubt Britain Leaving EU
However, it seems unlikely he will be able to resist public comment on the Brexit process, which he has described as a "tragedy". May's letter triggering the so called Article 50 exit procedure is still the most detailed document on the UK's intention.