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September 21, Friday 2018 3:42 PM       

       HEADLINES: ‘Global Salary Challenge for rebuilding Kerala’, CM seeks help from expats                                              Gas leak after tanker lorry overturns in Malappuram                                              Harish Vasudevan mocks Kodiyeri                                              Left govt will not try to end protest of nuns, if they try, it should not be allowed: Saradakkutty                                              Justice will give way to powerful people: Vellappalli Nateshan                                              Hike in petrol price, diesel stagnant                                              Difference in opinion will arise only if party exists: Oommen Chandy                                              India accepts Pakistan PM's proposal for foreign ministers meet                                              Indian economy to reach USD 5 trillion size by 2022: PM                                              PDP hopes PM Modi will reciprocate dialogue offer made by Imran Khan                                              Korean leaders undertake joint excursion to Mt. Paektu                                              Kim, Moon join hands on peak of sacred North Korean volcano                                              Nadeem breaks List A bowling world record with sensational spell                                              Kaumudi Facebook
       BUSINESS Next Article: Andhra FM to meet President over 15th Finance Commission's ToR tomorrow  
       Sensex climbs 122 pts in early trade
 
         Posted on :09:58:25 May 17, 2018
   
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       Last edited on:09:58:25 May 17, 2018
         Tags: Sensex climbs 122 pts in early trade
 

MUMBAI: Snapping a two-day falling streak, benchmark stock indices opened on a positive note Thursday after BJP's B S Yeddyurappa was sworn in as the chief minister of Karnataka.

Unabated buying by domestic institutional investors set the tone, brokers said.

BJP legislature party leader B S Yeddyurappa was today sworn in as the chief minister of Karnataka for the second time, after an overnight high-voltage legal battle in the Supreme Court.

The 30-share Sensex bounced 122.13 points, or 0.34 per cent, to 35,510.01. It had lost 168.83 points in the previous two sessions.

All the sectoral indices, led by consumer durables, realty, metal, power and banking, were in the green.

The NSE Nifty also jumped 36.15 points, or 0.33 per cent, to 10,777.25.

Major movers in the Sensex kitty included Coal India, Power Grid, Wipro, SBI, Kotak Bank, Sun Pharma, ICICI Bank, TCS, Infosys, M&M, L&T and Maruti Suzuki, rising up to 1.79 per cent.

Tata Steel, however, fell 0.83 per cent despite the company yesterday reporting a consolidated net profit of Rs. 14,688.02 crore for the fourth quarter ended March, 2018.

Domestic institutional investors (DIIs) bought shares worth a net Rs. 229.06 crore, while foreign portfolio investors (FPIs) sold shares worth Rs. 699.22 crore yesterday, as per provisional data.

In the rest of Asia, Japan's Nikkei rose 0.44 per cent, Hong Kong's Hang Seng inched up 0.01 per cent, while Shanghai Composite Index shed 0.35 per cent in early deals.

The US Dow Jones Industrial Average ended 0.25 per cent higher yesterday as retailers results and solid economic data boosted confidence in the American economy.

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       BUSINESS
Next Article: Andhra FM to meet President over 15th Finance Commission's ToR tomorrow
 
 
BUSINESS HEADLINES
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Union Bank of India exits Antwerp diamond market  
Naidu discusses bilateral cooperation in trade and defence with Serbian President  
FundzBazar crosses 2 lakh investors milestone  
Ramdev Baba’s Patanjali launches cow milk, french fries and more  
United Bank of India increases MCLR by five basis points  
RBI submitted a list of high profile fraud cases to PMO: Rajan  
Chemists call for strike on Sep28 against online medicine sale  
Rupee sinks to new low of 72.91, drops 22 paise against USD  
Skills and You develops special module 'Curio'  
Google ready to comply with RBI norms for payment services, says official  
FinMin in touch with RBI for market intervention to contain rupee value  
Sensex plunges over 400 pts as rupee breaches 72.50 mark  
Niti Aayog asks auto cos to stick to timeline to achieve full e-mobility  
FastFox registers 3x growth post rollout of revolutionary 'Open House' model  
Jio completes two years, aims to take India to 'top 5' in broadband connectivity  
Gold rises 0.46% on positive global cues  
Rupee pares gains, slips 7 paise against US dollar  
Bajaj Finserv rolls out exciting offers, lowest EMIs on all products  
Gadkari pitches for alternate fuels; says govt not against petrol, diesel  
US dollar ends higher against rupee  
Sensex drops 140 pts as rupee hits new low  
 
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