Sensex surges over 500 points; FMCG, auto stocks gain
Sensex surges over 500 points; FMCG, auto stocks gain
Specialist trader Geoffrey Friedman gives a price just after the opening bell on the floor of the New York Stock
12 March, 2018, 14:06
Shares in the other Asian markets rose, taking positive cues from Wall Street where shares ended nearly 2 per cent higher on Friday.
Nifty and Sensex closed down by almost 16 and 44 points at 10,227 and 33,307, respectively, from the previous close.
Tata Motors rose by 3.07 per cent, Hero MotoCorp 2.75 per cent, Maruti Suzuki 1.69 per cent, M&M 1.02 per cent and Bajaj Auto 0.75 per cent.
However, later it gave up some of the gains but still ended up by 610.55 points, or 1.83 per cent, at one-week high of 33,917.94. The index posted its biggest single-day gain since March 1, 2016, when it had jumped 777.35.
A total of 10 stocks registered a fresh 52-week high in trade today, while 1,066 stocks touched a new 52-week low.
Indian shares rallied on Monday, tracking firm global markets as geopolitical tensions eased somewhat, trade-war worries subsided and a robust U.S.jobs report stoked optimism about global growth. Analysts said that the six-day losing streak that had gripped the markets last week, facilitated investors to indulge in some lo-level buying.
In the broader market, the BSE Midcap and the BSE Smallcap indices rallied 0.5 per cent and 0.6 per cent, respectively.
Market participants will keep a close eye on domestic macro-economic data releases. The Nifty Midcap index was up 1 percent despite balanced market breadth.
European markets were higher in early trade, with Frankfurt's DAX rising 0.52 per cent and Paris CAC 40 up 0.14 per cent. London's FTSE rose 0.04 per cent.
All the sector indices that the BSE compiles ended higher, led by the S&P BSE Telecom index, which gained 2.57%.
Earlier, the Browns worked out a trade with Miami for three-time Pro Bowl wide receiver Jarvis Landry . The Packers will be swapping fourth and fifth rounders with the Cleveland Browns in the upcoming draft.
Melrose Industries has sweetened its hostile takeover offer for GKN , valuing the British engineering group at £8.1 billion. It has offered to give back £2.5bn to shareholders and agreed to merge its vehicle unit with United States company Dana.
GBP is down against the euro following the announcement of the EU's proposed trade plans for the United Kingdom following Brexit. Stating that he wants a lot of steel coming to the US, Trump asserted that he wants it to be "fair".
Intel could use the transaction to gain a beachhead in wireless handsets - an area it has so far struggled to penetrate. Intel is eager for the hostile takeover to fail, but if Broadcom succeeds, it may try to purchase the combined company.
The Spartans will haven't had played in a week and a half by the time this one tips off and there's bound to be some rust. Bucknell went 29-5 this season and won the Patriot League Tournament last week with an 83-54 win over Colgate.
Trump has been railing about this dynamic for decades, and on Monday he showed no sign of backing down from his hard-line stance. Yet, his recent decision to slam tariffs on imported steel and aluminum has stunned the world and rattled stock markets .
The actor has been very protective about Banita and has been giving her all kind of tips for the trailer launch on Monday. He will be seen as a hotel management student who is working in a five-star hotel as part of the trainee programme.
It will also be interesting to see the MCU in its pre-Iron Man stage. "We wanted to explore a period before Samuel L. Frankly, as I've said before, finishing these first 22 movies is really all we're thinking about at this point.
The Seminoles' season was one of close wins and close losses, but they're not heading into the NCAA Tournament with much momentum. Still, reaching the NCAA tournament for the second straight year is an accomplishment for Hamilton and his players.
The Church of Scientology did not immediately return USA TODAY's request for comment about the new network. LOS ANGELES The Church of Scientology is about to get its own television channel starting Monday.
The smartphone features a 5.7-inch display with a resolution of 1440 by 720 pixels and a protective glass function. The price of 2GB RAM and 16GB storage variant of Redmi 5 is CNY 799 which is approximately equal to Rs.7800.
Police Arrest Mom After 9-Month-Old Baby Found In Road
After several hours, police were able to locate 27-year-old Ledrika Ford on the 500 block of Milgate Street, in Utica . At the end of the video a woman can be heard in the background saying, "That's my baby, that's my baby".
Scientists put on alert for deadly new pathogen - 'Disease X'
The health organization is trying to acknowledge that such types of deadly contagious diseases are uncertain and unforeseeable. However, it also warned that these pathogens still pose a serious risk to public health, and should be "watched carefully".
Kawhi Leonard could return as early as Tuesday
Since the 1997 NBA Draft, the San Antonio Spurs' place close to, or at the top of the league, was an annual constant. Spurs coach Gregg Popovich said that he "would be surprised" if Leonard would return ahead of April's playoffs.
Plane crash in Nepal, casualties feared
Shocking photos taken at the scene of the crash show the extent of the damage to the plane. Following the crash landing by the aircraft, all flights to and from TIA have been halted.
T25-ACC-North Carolina-Virginia,3rd Ld-Writethru
Hall had 15 points, while Jerome finished with 12 points and redshirt freshman guard De'Andre Hunter had 10 points off the bench. Virginia limited the Tar Heels to just under 30 percent shooting and forced 19 turnovers leading to 25 points.
Utd's Rashford not fazed by spell out of team
Liverpool dominated possession as United sat back for long periods and Eric Bailly's second half own goal set up a tense finish. He is doing well, he has come in and he has got the right mentality and he has shown the manager what he can do.
The Simpsons Showrunner Says OJ Simpson Almost Guest Starred
Describing his relationship with Brown Simpson at the time of her death, Simpson said he "loved her but I didn't like her". He says the people who should have unbridled anger are the Goldmans and the Browns, but Chris's outrage is right there.