Finance

Sensex ends higher, bank stocks recover

Sensex ends higher, bank stocks recover”

The Sensex touched a high of 28,456.18 points and a low of 28,286.80 points during the intra-day trade.

The 30-share barometer opened a shade higher and rose further before profit-booking kicked in, but settled at 28,335.16, a loss of 104.12 points, or 0.37 per cent.

The key indices traded on a flat note - marginally in the green - as healthy buying was witnessed in banking, IT and consumer durables stocks.

More news: Government sparks row with 'pathetic' threat to abolish Lords over Brexit bill

The BSE market breadth was slightly tilted in favour of the bulls - with 1,357 advances and 1,332 declines. The BSE's benchmark index climbed up 0.39 per cent to 28,441 in its opening session.

On the currency front, Dhruv Desai, Director and Chief Operating Officer of Tradebulls, said: "Volatile USD/INR futures prices brought volatility in Indian equity market as well". After the policy announcement, the BSE Sensex crashed over 100 points and was trading 120 points below the red line while the NSE Nifty was down 31 points.

The rupee today soared by 34 paise to end at a fresh 3-month high of 66.85 against the United States dollar on frantic selling of the American currency by exporters and banks.

More news: Celtics top Lakers, secure All-Star coaching job for Stevens

However, Cipla rose by 1.62 per cent, Wipro 1.33 per cent, Tata Motors 1.30 per cent, M&M 1.20 per cent, GAIL 1.09 per cent and TCS 1.08 per cent.

Foreign portfolio investors (FPIs) sold shares worth a net Rs 449.52 crore yesterday, as per provisional data.

On the other hand, ITC (1.03%), Axis Bank (0.79%), Dr Reddy'S Laboratories (0.70%), Infosys (0.66%), Housing Development Finance Corporation (0.46%), and ICICI Bank (0.36%) were the biggest losers in the Sensex.

More news: In 'sanctuary' fight, Abbott cuts off funding to Travis County



Like this

Latest


10 February 2017
Final Fantasy 15 Multiplayer Mode Character Creation Tool Revealed
As for custom characters, that will be a part of the co-op multiplayer promised to players in Final Fantasy 15's last DLC. The final version of the tool reportedly will have pages' worth of options to tweak for your character.

09 February 2017
Tesla P100D Breaks Acceleration Record
Once launch control is initiated and the throttle pedal is depressed, the P100D will be on its (very hurried) way. Back in January, the company surpassed that promise by pushing the auto to achieve 2.389 seconds of acceleration.

08 February 2017
Winter Storm Watch issued
The snow is expected to start in our area late Wednesday night (after midnight) and continue through most of Thursday . Officials with the National Weather Service have issued a winter storm warning for the Lower Columbia Basin.

08 February 2017
United Nations documents record spike in child casualties
Protection of Civilians in Armed Comment, shows the number of casualties in 2015 went up by 3 percent in 2016. Afghan security forces and air raids by global warplanes were responsible for the other 39 percent.

06 February 2017
AFCON 2017 Final: Score and Twitter Reaction for Egypt vs. Cameroon
So I changed the group a little bit and put some young players in and we started working and doing a good job. Now Egypt can attempt to win their eighth AFCON title which would be four more than any other team.

06 February 2017
Romelu Lukaku hailed as 'world-class' by Everton boss Ronald Koeman
Whether the Everton boss can get him to stay beyond this summer remains to be seen and he has not been shy in admitting that Lukaku one day deserves to play for one of the best clubs in the world.

05 February 2017
Armed man attacks soldier near the Louvre
Interior Minister Bruno Le Roux is on his way to visit the wounded soldier, spokesman Pierre-Henry Brandet said. Police also conducted raids at several unnamed addresses across the city following the Louvre attack.

04 February 2017
Snapchat's US Stock Listing Is Set To Be The Biggest In Years
Snap's main product Snapchat is a social media app through which users send and view "snaps" that last only for a while. That is a better than 43-fold increase in the valuation of the company.

04 February 2017
Search for missing Toronto filmmaker in Florida to be suspended
Stewart , 37, of Toronto, was reported missing Tuesday afternoon while diving near Alligator Reef. Woodfall told CP24 earlier Friday that crews had searched a 3,948 square mile area for Stewart .

04 February 2017
The Biggest Loser: Korea Aerospace Sinks 6.6% As US Defense Chief Visits
Before leaving South Korea, Mr Mattis said a nuclear attack by North Korea would trigger an "effective and overwhelming" response. In a New Year appeal, North Korean leader Kim Jong Un urged "an end to confrontation between the DPRK and South Korea".



Recommended