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July 17, Tuesday 2018 7:21 AM       

       HEADLINES: Heavy rains continue, wide range of calamities, trains running late                                              17 picked Nipah virus from 1st victim: Kerala govt report                                              Heavy rains: Low lying areas in Kottayam, Idukki submerged                                              Islamic pandit Hameed Madani passes away                                              Rain: Four more death, govt calls high officials meet                                              BJP too has contributed to delay in projects: Mayawati hits back                                              Delhi Air hostess commits suicide, family alleges dowry harassment                                              Temples aren't going to create jobs for tomorrow, says Sam Pitroda                                              Petrol and diesel prices set to break all-time high levels                                              Fresh batch of pilgrims leave for Amarnath shrine                                              UK minister quits over lewd messages to barmaids                                              Russia targeted by almost '25 million cyber-attacks' during World Cup: Putin                                              France ends 20-year itch, lifts second FIFA World Cup                                              I feared Serena might die, says husband                                              With flags, song, pride, French celebrate unifying victory                                              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
Infosys shares soar 6% after Q1 earnings  
Rupee slips 6 paise against US dollar  
Niti Aayog working on proposal to replace LPG subsidy with cooking subsidy: Kumar  
India to be $10 trillion economy by 2030: Garg  
No question of closure of DCI; 3 ports to pick up govt stake: Gadkari  
India to be $10 trillion economy by 2030: Garg  
Markets slip from record to end flat on profit-booking  
Markets slip from record to end flat on profit-booking  
No question of closure of DCI; 3 ports to pick up govt stake: Gadkari  
Retail inflation rises to 5 percent in June  
Retail inflation soars to 5% in June, IIP presides to 3.2% in May  
Indian Army signs MoU with SBI on salary package  
US dollar ends sharply lower against rupee  
Gold, silver recover on mild demand  
BSNL starts first internet telephony service in India  
Sensex nears all-time high; TCS shines on Q1 show  
Gold futures gain 0.06% on global cues  
Goyal asks Coal India to ensure supply for power sector  
Grex Alternative Investments Market looks to raise $100 mln  
Cong targets PM over fall in value of Rupee  
Set up central agency to evaluate big loan proposals: ICAI  
Modi govt needs to shed 'obsession' with economic growth: Jean Dreze  
Sebi revamps panel on alternative investment  
Sebi exempts family trust related to Batliboi from making open offer  
Rupee crumbles to all-time closing low of 68.95 a dollar  
 
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