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August 20, Monday 2018 8:08 AM       

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       Sensex soars 128 pts in early trade on firm global cues
 
         Posted on :09:56:05 May 10, 2018
   
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       Last edited on:09:56:05 May 10, 2018
         Tags: Sensex up 128 pts, Sensex news, update
 

MUMBAI: The BSE Sensex rallied over 128 points to 35,447.43 in early session Thursday, maintaining its positive form for the fourth straight day on positive cues from global markets.

Unabated buying by domestic institutional investors fuelled the uptrend, brokers said.

The 30-share Sensex, which gained 403.97 points in the previous three sessions, added 128.08 points, or 0.36 per cent, at 35,447.43.

All sectoral indices of BSE led by auto, IT, teck, capital goods and banking were in the positive zone, rising by up to 0.59 per cent.

The NSE Nifty too jumped 39.65 points, or 0.36 per cent, to 10,781.35.

Prominent gainers that supported the upward trend included ICICI Bank, M&M, Bharti Airtel, ONGC, RIL, Kotak Bank, HUL, Axis Bank, Coal India, L&T, TCS, HDFC Bank and Infosys, gaining up to 1.16 per cent.

Investors were busy expanding their positions amid expectations of encouraging earnings from more companies, they added.

A firming trend in rest of Asia following overnight positive leads from the Wall Street too influenced sentiments here.

Globally, oil prices traded higher as investors digested the impact of renewed US sanctions on Iran.

Meanwhile, on a net basis, domestic institutional investors (DIIs) bought shares worth Rs. 664.92 crore, while foreign portfolio investors (FPIs) sold shares worth Rs. 704.03 crore yesterday, provisional data showed.

Japan's Nikkei quoted 0.17 per cent higher while Hong Kong's Hang Seng gained 0.83 per cent in early deals. China's Shanghai Composite Index too rose 0.15 per cent.

The US market ended 0.75 per cent higher yesterday.

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       BUSINESS
Next Article: GST on langar: SGPC writes to Centre again, gets no reply
 
 
BUSINESS HEADLINES
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Comfortable forex reserves to deal with undue Re volatility: Jaitley  
Positive growth in steel sector, trend to continue: Tata Steel  
Global Indian Solutions to address $900B NRI assets market in India  
DLF to offer only completed flats; to remove delivery uncertainty  
Adani walks away with gas rights for 21 cities; BPCL bags 11 cities  
India Cements Q1 net profits slips to Rs 21.03 cr  
Microsoft boss Nadella rakes in USD 35 million in share sale  
Odisha likely to put up 18 mines for auction this year: Mukim  
Erdogan says Turkey 'won't lose economic war' after lira crash  
Odisha likely to put up 18 mines for auction this year: Mukim  
US dollar ends sharply higher against rupee  
"Ligne Roset" is all set to cover North Indian market through India's premium furniture brand IOTA  
JP Morgan-CIIE to set up Financial Inclusion Lab  
Adani Power net loss widens to Rs 825 cr in Apr-Jun qtr  
Ola to launch its UK operations with ride-sharing offerings in South Wales, Greater Manchester  
Indra Nooyi to step down as PepsiCo CEO  
Paper Industry aims to rectify misconceptions about paper usage  
Sensex hits record high, Nifty breaches 11,400 mark  
GST slabs may reduce to 3 in long-term: Sanjeev Sanyal  
Lankan govenment reworking MoU on airport deal with India  
 
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