Skip to main content

Sensex gains 57 points, Nifty holds 10k-mark despite rising inflation India

 


Sensex gains 57 points, Nifty holds 10k-mark despite rising inflation


India

13 Sep. 13:01

The benchmark BSE Sensex gained over 57 points in early trade on Wednesday on buying by domestic institutional investors even as retail inflation rose to a five-month high.

Positive trends at other Asian markets also influenced trading sentiments here.

The 30-share barometer, which had gained 496.69 points in the previous four straight sessions, was trading higher by 57.08 points, or 0.17 per cent, at 32,215.74, with power, consumer durables, oil and gas, IT and PSU stocks leading the gains.

The NSE Nifty was up by 8.25 points, or 0.08 per cent, at 10,101.30 points.

Prominent gainers were Reliance Industries, TCS, Dr Reddy's, Adani Ports, Sun Pharma, M&M, Tata Motors, Hero MotoCorp, Coal India, ICICI Bank, SBI, Bajaj Auto, ONGC and Maruti Suzuki, rising by up to 2.21 per cent.

Brokers said sentiment remained upbeat despite retail inflation rising in August to a five-month high of 3.36 per cent.

Industrial production grew by 1.2 per cent in July against 4.5 per cent a year ago on account of manufacturing poor show, according to official data.

Brokers said Asian markets were firm after Wall Street stocks jumped to fresh records yesterday on easing geopolitical worries and US hurricanes. Hong Kong's Hang Seng was up 12.03 points, Shanghai's Composite index rose 0.03 per cent, while Japan's Nikkei gained 0.47 per cent in their early trade.

The US Dow Jones Industrial Average ended 0.28 per cent higher on Tuesday.

BSE Sensex gained over 57 points in early trade on Wednesday despite a rise in inflation.

Comments

Post a Comment

Popular posts from this blog

Check out the Nokia 2, a budget phone with a monster battery

Android Authority Check out the Nokia 2, a budget phone with a monster battery 19 hours ago HMD Global  is slowly building up its portfolio of stock-Android-running smartphones. In addition to the trio of mid-rangers (Nokia 3, 5, and 6)  it launched at MWC , the company bolstered its high-end with the  Nokia 8 , and now the other side of spectrum is getting some attention. Just  leaked by Evan Blass , the Nokia 2 looks… well, like a generic cheap phone. If you have a visceral hate of bezels, you’ll probably want to close this post and move on, but design is hardly the point here. Blass didn’t share any details about the Nokia 2, but we can make some educated guesses based on some other clues we’ve got about the phone. First, you might have noticed that the phones in the leaked renders show October 5 as the date. Dates in renders are often set to match the launch time, but this could be an old render and there’s still time for things to change. Read more Hands-on with the Noki
Post a Comment
Read more

TEACHER FAREWELL SPEECH

TEACHER FAREWELL SPEECH Here we have provided below variety of farewell speech for teacher to be given by the principal, teachers or students. You can select any teacher farewell speech given below according to your need to speech on the farewell party of your teacher. FAREWELL SPEECH FOR TEACHER BY PRINCIPAL A very good morning to all. Dear teachers and my students, we are gathered here to celebrate the farewell party of Mr. … today. As being the principal of this college (or school), I would like to recite an honor speech on the farewell party of Mr. … about his distinguished personality. Mr. …. was a most responsible teacher in my college for many years and followed his all the responsibilities as a good teacher with full commitment. I feel very sorry that today we are losing a most responsible teacher in our colle
Post a Comment
Read more

The 'two-faced' snake found in the US

  The 'two-faced' snake found in the US NewsTrackLive 13 Sep. 16:03 Different types of snakes are found in the world, many people are afraid of seeing them. But there are some people who like to see snakes. When you will hear the news of a snake, you might think that it will be a simple snake, which will have a mouth or maybe you think that it is very poisonous. But in America, a snake was found near Forest City in Arkansas, which is very rare in appearance and has two heads.  It is being told that the image of this snake has been shared on Facebook 15,000 times. The picture of this rare snake was captured by Quinton Brown and Rodney Calso. Mark Young, who shares the snake's picture, named it Deus. Mark Young told NDTV that later Deuce was donated to the Arkansas zoo in Jonesboro and Ridge Nature Center of Fish Crowley. According to 5 news online, this rare snake's length is about 11 inches. Mark Young also posted the second picture of
Post a Comment
Read more