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March 22, Thursday 2018 3:36 PM       

       HEADLINES: Anju Bobby George, P T Usha, Malleswari told to resign as national observers                                              Syro-Malabar land case: Petition filed in Supreme Court                                              Vayalkili leader Suresh Keezhattur's house attacked                                              Varkala land deal: Let collector conduct hearing, says Land Revenue Commissioner                                              Food poisoning in Guruvayur College: Students gherao principal                                              TDP calls for statewide agitation                                              Teen sisters to take 'sanyas' at Ramdev's initiation fest                                              Kabul blast: Death toll rises to 29                                              China wants to loot our resources: Baloch activist                                              Trump to announce trade sanctions on China                                              Sri Lanka opposition submits no-confidence motion against PM                                              T20 Tri-Nation: Rajeshwari Gayakwad to replace injured Ekta Bisht                                              Now, cricket to promote road safety campaign                                              Rain helps Windies qualify for 2019 World Cup                                              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
       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.

Next Article: Sensex takes first hit in five days as fatigue catches up
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No opinion
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