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October 19, Thursday 2017 8:57 AM       

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       BUSINESS Next Article: RBI sets rupee reference rate at 65.1003 against US dollar  
       Sensex climbs 211 pts on positive economic data points
 
         Posted on :11:39:50 Oct 13, 2017
   
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       Last edited on:11:39:50 Oct 13, 2017
         Tags: Sensex climbs 211 pts on positive economic da
 

MUMBAI: Driven by strong IIP numbers and an unchanged inflation, the Sensex Friday rallied over 211 points to 32,393, reflecting interrupted buying by domestic institutional investors.

The rupee appreciating 19 paise to 64.89 against the dollar today gave a leg to the rally.

The rest of Asia logged a mixed trend.

The 30-share barometer pushed higher by 211.04 points, or 0.66 per cent, to 32,393.26.

The gauge had leapt 348 points in the previous session.

Sectoral indices turned green across the board, with metal, realty and FMCG posting sizeable gains of up to 1.90 per cent.

The NSE index Nifty was trading up by 43.25 points, or 0.42 per cent, at 10,139.65.

Buying activity picked up momentum on positive economic data after industrial production grew to a 9-month high of 4.3 per cent in August while retail inflation came in at 3.28 per cent in September, unchanged from August.

Stocks of Bharti Airtel zoomed 6.94 per cent to Rs 427.80 after the company announced that the consumer mobile business of (CMB) of Tata Teleservices Ltd and Tata Teleservices Maharashtra will merge with it in a cash-free, debt-free deal.

Stock of TCS, India's largest software services, rose 1.08 per cent to Rs. 2,576.15 even as the company's net profit fell 2.1 per cent in the September quarter.

Reliance Industries shot up by 1.15 per cent to Rs 882.50 as participants raised their bets ahead of earnings, to be released later in the day.

Japan's Nikkei rose 0.23 per cent while Shanghai Composite rose up 0.09 per cent in their early deals. Hong Kong's Hang Seng, however, was down 0.16 per cent.

The US Dow Jones Industrial Average had closed 0.14 per cent lower yesterday.

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       BUSINESS
Next Article: RBI sets rupee reference rate at 65.1003 against US dollar
 
 
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IMF favors three structural reforms in India  
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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  
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Sensex ends with losses, fails to keep early lead  
Gujarat cuts VAT on petrol, diesel; Cong sees poll angle  
 
Is there any logic in making Dileep the first accused in the actress attack case?
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no
 
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