ibusinesslines.com
ibusinesslines.com July 16, 2018


Sensex, Nifty zoom ahead of results by TCS, Reliance Industries

12 October 2017, 03:29 | Justin Tyler

The 30-scrip Sensitive Index (Sensex) of the BSE, which opened higher at 31,975.59 points, closed at 31,833.99 points - down 90.42 points, or 0.28 per cent, from its previous close. United States stocks reacted mutedly to the minutes of the most recent Federal Reserve policy meeting, according to a Reuters report.

The BSE market breadth was bearish - 1,840 declines and 918 advances.

Intra-day, it scaled a high and a low of 10,104.45 and 9,977.10, respectively.


"Market regained from yesterday's loss and stayed close to 10,100 mark ahead of economic data - inflation and IIP later today". Notably, the shares of TCS gained as the Indian IT bellwether is scheduled to announce its much awaited quarterly earnings today. Asian stock markets were mostly higher taking cues from signs of confidence in the US.

The BSE energy index was the biggest mover, rising 1.95 per cent followed by telecom, realty and FMCG. Metal and pharma stocks led the rally with Nifty Metal and Nifty Pharma sub-indices gaining 2 per cent and 1.5 per cent respectively. On the other hand, banking index was down 0.31 per cent and consumer durables 0.02 per cent. Coal India, Hindustan Petroleum, and Kotak Mahindra bank lost more than 0.6% each in the opening trade on Thursday morning.



Other News

Trending Now

Pizza Hut Unveils a Pizza Parka
Program, which is the longest-running corporate supported literacy program, impacting more than 14 million students each year. From today, until the end of October, National Pizza Month, anyone who orders online will be entered to win.

Wenger facing major injury headache ahead of Watford clash
Wenger explained: "Koscielny has a definite final test tomorrow". "At the moment he is not available". The former Schalke 04 man has made six appearances in all competitions during the current campaign.

Kobe Steel Crisis Deepens As More Data Tampering Revealed; Shares Tumble
Kawasaki Heavy Industries and Mitsubishi Heavy Industries (MHI) supply parts to Boeing including for its 777 Dreamliner. It's not the first time Kobe Steel has been caught up in falsifying data.

PayPal Holdings, Inc. (PYPL) Price Target Raised to $75.00
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink . Credit Suisse Group reissued an "outperform" rating on shares of PayPal Holdings in a report on Tuesday, September 5th.

NEIPDA supports strike by petroleum dealers on October 13
According to a UPF spokesperson, the dealers' association has withdrawn its call for a 24-hour strike of fuel pumps on Friday.

Disney's Movies Anywhere launches with five of six studios on board
There's no subscription fee to use the services, which is just as well seeing as you'll already have paid for the movies . The app is based on the Keychest technology that also made up the Disney Movies Anywhere service.

Indian pacer Nehra hints at retirement in November
The Kotla T20 will give Nehra a chance to finish his injury-plagued career at his home ground. This year he played for Sunrisers Hyderabad (SRH).