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October 18, Wednesday 2017 2:59 PM       

       HEADLINES: CPM prefers Modi to congress: Antony                                              Amit Shah to join 'Janaraksha Yatra' on its last day in Thiruvananthapuram                                              A V Unnikrishnan Namboodiri new Sabarimala melshanthi                                              Scooter rider dies after being run over by lorry                                              Gold worth Rs. 29 lakh seized at Nedumbassery                                              MLA’s house sealed over unpaid loan                                              Taj Mahal built by blood, sweat of Indian labourers: Yogi Adityanath                                              BJP is India's richest party, Congress ranks second, says report                                              Time for Ayurveda-led 'health revolution': Modi                                              Nuclear war may break out at any time: N Korea                                              Panama Papers journo Caruana Galizia killed by Malta car bomb                                              Suicide bombers, gunmen kill 47 in attacks on Afghan forces                                              China to speed up construction of power project in PoK                                              India unlikely to play any 'four-day' Tests in near future                                              It feels like home playing in India: Tim Weah                                              Kumble turns 47, cricket fraternity tweets heartfelt bday wishes                                              Kaumudi Facebook
       BUSINESS Next Article: Sensex takes first hit in five days as fatigue catches up  
       Sensex bounces 130 pts, banking shares jump
 
         Posted on :12:04:16 Oct 6, 2017
   
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       Last edited on:12:04:16 Oct 6, 2017
         Tags: Sensex, 130 pts, banking shares jump
 

Mumbai: The benchmark Sensex surged over 130 points in the opening session today, shaking off its earlier weakness, as oil and banking shares took spotlight.

The broader NSE Nifty regained the 9,900-mark.

Expectations built up that today's meeting of the GST Council may provide some relief to exporters and SMEs in terms of faster refunds and compliance.

The 30-share index rebounded by 130.10 points, or 0.41 per cent, to 31,722.13. The gauge had lost 79.68 points in the previous session after investors shaved off profit.

Reflecting the widespread recovery, all the sectoral indices led by consumer durables, metal and oil and gas were trading in the green, adding up to 1.01 per cent.

The NSE Nifty also moved up by 40.80 points, or 0.41 per cent, to quote at 9,929.50.

Traders said gains at most Asian markets tracking rallies on Wall Street following more buoyant US data and hopes of tax reforms bolstered trading sentiment here.

Big gainers in the Sensex kitty included ONGC, Tata Steel, Adani Ports, NTPC and SBI, rising up to 1.55 per cent.

Elsewhere in Asia, Hong Kong's Hang Seng rose 0.36 per cent and Japan's Nikkei was up 0.25 per cent in early deals.

Financial markets in China are closed for a week-long holiday.

US Dow Jones Industrial Average rose 0.50 per cent to close at another record high yesterday.

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       BUSINESS
Next Article: Sensex takes first hit in five days as fatigue catches up
 
 
BUSINESS HEADLINES
Nifty hits fresh high; Sensex slips from record  
Sensex, Nifty retreats from record on profit booking  
Reliance Retail to be biggest threat to Amazon, Flipkart: Pai  
India undergoing 'exciting digital transformation: IMF  
Sensex hits new peak of 32,687.32; Nifty at 10,242.45 pts  
Digital India to contribute 30pct to India's GDP by 2025  
Bring real estate under GST: Sisodia writes to Jaitley  
IMF favors three structural reforms in India  
India must go for pollution-free methanol as fuel: Gadkari  
Indian Railways to start cheaper, faster Rajdhani between Delhi-Mumbai  
Help young entrepreneurs to set up startups: AP IT Minister Lokesh to officials  
Madhya Pradesh slashes VAT on petrol by 3%, diesel by 5%  
Sensex climbs 211 pts on positive economic data points  
RBI sets rupee reference rate at 65.1003 against US dollar  
Bringing real estate under GST will be a 'disaster': Congress  
Sensex soars 348 pts, all eyes on macro data  
Govt to discuss bringing real estate under GST in Nov: Jaitley  
Sensex moves up 113 pts, Nifty climbs above 10,000  
Direct tax collections for FY 2017-18 up by 15.8 per cent  
India seeks global investments in energy sector: Dharmendra Pradhan  
Sensex ends with losses, fails to keep early lead  
Gujarat cuts VAT on petrol, diesel; Cong sees poll angle  
Sensex starts off high, Nifty regains 10k mark  
Revival of gas power plants to boost consumption: Pradhan  
MFs bet most on government securities: ASSOCHAM  
 
Did Janaraksha yatra create road traffic blocks in Thiruvananthapuram city?
yes
 
no
 
don't know
 
 
 
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