Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2018        Go!    
October 18, Thursday 2018 5:42 AM       

       HEADLINES: Nation going to witness protests of Ayyappa devotees, Rahul Easwar tells Arnab Goswami                                              ‘Cyber bullies should be purified’, says Saradakkutti                                              Women should not destroy rituals, says Ali Akbar                                              Police dept prepares List of women-officers to be deployed at Sabarimala                                              Navarathri festival begins at Pathmanabhapuram palace                                              Bar demands lifting ban on lawyers' strike, but CJI unimpressed                                              Sharad Pawar won't contest 2019 polls: NCP                                              Khaleda Zia admitted to specialised state-run hospital                                              India beat West Indies by innings and 272 runs                                              Kaumudi Facebook
       BUSINESS Next Article: RBI to maintain status quo in August policy meet: Experts  
       Sensex rises over 150 pts; Nifty hits 11,300
         Posted on :15:32:34 Jul 30, 2018
       Last edited on:15:32:34 Jul 30, 2018
         Tags: SENSEX, nifty

MUMBAI: Smashing all previous records, the BSE Sensex rose by over 150 points to 37,496.80, while the Nifty hit a fresh high of 11,300 in opening trade ahead of RBI policy meet beginning today.

The 30-share index spurted 159.95 points, or 0.42 per cent, to an all-time high of 37,496.80.

The gauge had gained 840.48 points in the previous five record-setting sessions and closed at an all-time high of 37,336.85 points in Friday's session.

The broader NSE Nifty too hit a new high by rising 31 points, or 0.27 per cent, to 11,309.35.

Trading sentiment remained bullish backed by sustained capital inflows by foreign funds and widespread buying by retail investors, driven by strong earnings by some more bluechip companies that helped key indices to scale new peaks, brokers said.

All eyes will be on Reserve Bank of India's Monetary Policy Committee (MPC) meet to decide on its policy rates.

The Reserve Bank is likely to maintain status quo on the key interest rate on Wednesday notwithstanding elevated oil prices and government's announcement to steeply hike minimum support price for kharif crops, experts said.

Reliance Industries rose by 0.94 per cent to quote at 1,140.25 after the company friday reported its highest-ever quarterly net profit as bumper earnings from the retail business, improved profitability of telecom arm and near doubling of earnings from petrochemical business offset lower margins from oil refining business.

Other gainers were SBI, ONGC, ICICI Bank, Vedanta, Coal India, Power Grid, Tata Motors, HUL, Tata Steel, TCS, Bharti Airtel, M&M, NTPC and Adani Ports, rising up to 3.24 per cent.


PSU, oil & gas, banking, power, metal, Infrastructure, consumer durables and realty sector stocks were leading the rally.

According to provisional exchange data, foreign institutional investors (FIIs) put in a net of Rs 738.05 crore and domestic institutional investors (DIIs) bought shares worth a net of Rs 406.12 crore on Friday.

Asian stocks declined as markets took cues from declines in Wall Street's last session, with focus this week shifting to the Bank of Japan, which will declare its interest rate decision on Tuesday.

Nikkei shed 0.75 per cent, Hong Kong's Hang Seng was down 0.66 per cent, while Shanghai Composite index fell by 0.16 per cent in early trade today.

US stocks closed lower Friday, following disappointing results from Twitter Inc. and bellwethers, including Exxon and Intel.

Meanwhile, the Federal Reserve's Federal Open Market Committee will embark on its two-day meeting on Tuesday, with the US central bank expected to announce its decision on Wednesday.

Next Article: RBI to maintain status quo in August policy meet: Experts
IndiGo announces flights to Male, Phuket  
RBI maintains status quo; warns volatile oil prices pose risk to inflation  
Chanda Kochhar resigns from ICICI Bank  
Mukesh Ambani emerges richest Indian for 11th consecutive year: Forbes  
Prabhu to chair inter-ministerial meet on rupee, trade deficit tomorrow  
Jaitley defends loan write-offs; says they don't lead to waiver, recovery still pursued  
Air India to sell 14 properties; eyes Rs 250 cr  
Betting on premiumisation, Godrej Locks eyes Rs 10 billion revenue by FY22  
Uttarakhand receives investment proposals worth Rs 74K cr  
Trade war will help India emerge as bigger trading, manufacturing base: Jaitley  
RBI eases cash reserve rules to ease liquidity  
Gold climbs Rs 175 on global cues, jewellers' buying  
India's economy continues on robust growth path: ADB  
Sensex, Nifty turn choppy ahead of US Fed policy outcome  
Jaitley asks PSU banks to take effective action against frauds, wilful defaults  
New MD-cum-CEO for Indian Bank  
New MD-cum-CEO for Indian Bank  
India may cut oil imports to mitigate pain from high oil prices, dip in rupee  
Gold rises marginally as traders widen bets  
Fed rate decision, rupee, crude oil to drive markets this week: Experts  
"RBI unlikely to hike repo rate in Oct despite weak INR"  
OYO to hire over 2,000 tech experts, engineers by 2020  
Sensex ends in red after 1,000-pt flash crash  
OYO to hire over 2,000 tech experts, engineers by 2020  
Avis India announces free doorstep delivery, collection of self-drive cars  
Do you think Sabarimala protests have embarrassed the State government?
don't know
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy