Sensex up 130 points in late morning deals

09 May, 2018, 00:57 | Author: Teresa Adams
  • Sensex gains 292 points closes over 35k, Nifty crosses 10700 mark

The Nifty registered day's high and low at 10,758.55 and 10,689.40 points, respectively. Market breadth, indicating the overall health of the market, turned negative.

Major gainers were Axis Bank 1.87 per cent, HUL 1.71 per cent, Tata Steel 1.69 per cent, SBI 1.43 per cent and Bajaj Auto 1.35 per cent. "Continued outflow of foreign money will keep rupee on tenterhook while increasing GST collection and RBIs open market operation may soften the volatility".

Sectorally, banks, realty, finance and oil and gas gained the most, with the BSE Bankex settling 1.32% higher.

Comcast prepares all-cash bid to gate-crash Disney-Fox deal
Comcast shares were down 1.5 percent to $31.90, while Disney shares were down 0.5 percent to $102.00. Disney shares fell 1 percent in morning trade in NY , while Comcast's dipped 3.5 percent to $31.25.

On the NSE, the top gainers were ICICI Bank, Hindustan Petroleum and Eicher Motors.

However, capital goods slipped 0.85 percent, consumer durables 0.81 percent, teck 0.57 percent, IT 0.53 percent, auto 0.42 percent, infrastructure 0.19 percent, healthcare 0.18 percent and metal 0.16 percent. Losers included, Lupin, Dr Reddy, TCS, Coal India, Cipla, SunPharma, Tech Mahindra and HDFC Bank.

Broader markets showed a mixed trend.

Coal mine accidents toll rises to 23
The Pakistan Central Mines Labor Federation told the BBC that an average of 200 miners die in mine disasters every year. It urged the government to ratify the Safety and Health in Mines Convention of the International Labour Organisation.

The benchmark BSE Sensex closed up 0.02 percent at 35,216.32.

Overseas, Asian markets were trading higher following firm leads from Wall Street overnight.

Benchmark Brent crude retreated from 3-1/2 year highs as investors awaited an announcement by President Donald Trump on whether the US will reimpose sanctions on Iran.

Elon Musk defends frustration in Tesla conference call
On Thursday, Sacconaghi sharply criticised Musk on CNBC: "This is a financial analyst call, this is not a TED talk". But Model 3 production still isn't near the level of 5,000 per week that Musk promised a year ago .

In other Asian markets, Hong Kong's Hang Seng gained 1.26 percent while Japan's Nikkei quoted 0.31 percent surge in early deals. The Indian currency had closed at a 15-month low of 67.13 against the USA dollar on Monday.

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