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July 16, Monday 2018 4:40 AM       

       HEADLINES: Accused in Abhimanyu murder: Govt under pressure as party members show concern                                              Accused in murder of finance company owner arrested                                              People should be left with their faith: V M Sudheeran                                              Congress not to observe Ramayana month                                              Forest dept should kill and sell meat of threatening wild animals: P C George                                              Congress is a party for Muslim men: PM                                              BJP aims to field celebrities as 2019 election candidates                                              Nearly 3,000 pilgrims leave Jammu for Amarnath cave shrine                                              I am unhappy, swallowing pain of coalition govt, says Kumaraswamy                                              Centre, Lt Guv creating hurdles: Pondy CM                                              Team Trump plays nice in first visit to Mexico president-elect                                              Death toll in Balochistan attack reaches 130, Pak to observe national mourning day tomorrow                                              Summit fever: Trump reaches for big moment with Putin                                              Epic Djokovic stuns Nadal to reach Wimbledon final                                              Griezmann happy if France win World Cup 'ugly'                                              Dhoni booed by Indian spectators during 2nd ODI                                              Kaumudi Facebook
       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
 
 
BUSINESS HEADLINES
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  
Gold futures rise 0.19% on positive global cues  
Sensex rallies 267 points; bank, auto stocks in limelight  
 
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