MARKET NEWS

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Indian stocks edge higher in lackluster trade; ITC up 3%

Post Session: Markets hit new record, Sensex closes above 35K; IT, bank stocks rally  -   17/01/2018 16:26
T he Indian equities closed at fresh closing highs on Wednesday, propelled by sustained rally in IT and Teck stocks coupled with better-than-expected corporate earnings. The investors sentiment were also buoyed by the government decision to reduce its additional borrowing to Rs 200 billion from the bond markets in the financial year 2017-18, as compared to Rs 500 billion announced last month. Shares of index...
Sensex nears 35,000, Nifty around 10,750; Infosys up nearly 3%  -   17/01/2018 14:19
I ndian benchmarks rose on Wednesday during the post-noon trading session as IT stocks such as Infosys and private lenders such as ICICI Bank rallied amid broader value buying in the market. PSU bank stocks too were trading up in afternoon trade. The Nifty PSU Bank index was trading 2.22 per cent up at 3,622 around 13:35 hours with all components in the green. Shares of Bank of Baroda (up 3.63 per cent), Syn...
Sensex surges 200 points; IT, TECK support  -   17/01/2018 13:38
I ndian benchmarks continued to trade firm during the noon trading session on easing fiscal deficit concerns despite lower Asian cues. Frontline stocks of IT, Teck, bank, healthcare, financials and capital goods advanced while selling was seen in realty, telecom, auto and consumer durables segments. At 13:30 hours, the 30-share benchmark index was trading at 34972.71 up by 201.66 points or by 0.58 per cent,...
Mid-Session: Sensex surges over 34,900; Infy, TCS hit 52-week high  -   17/01/2018 12:29
T he Indian benchmark indices extended rally in the afternoon session of day’s trade on Wednesday, led by gains in IT and Teck stocks, undermining weak cues from Asian peers. Shares of index heavyweights such as Infosys and Tata Consultancy Services hit 52-week high after reporting better-than-expected third quarter earnings and turnaround forecast. Shares of Multi Commodity Exchange of India (MCX...
Markets remain firm; Infosys, Axis Bank top gainers  -   17/01/2018 11:14
T he key domestic benchmark indices were trading in the green in the late morning trading session despite feeble trends across global markets. On the corporate front, shares of Bharti Airtel remained in focus after Merrill Lynch sold shares worth Rs 1,931 crore in the company through an open market transaction. Among others, stocks of Hindustan Unilever Ltd, Adani Power, Mindtree, DCB Bank, Tata Sponge and...
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