Saturday, 22 September, 2018

Sensex stages recovery after falling 300 points in early trade

Infosys stock falls most on BSE NSE post Q4 earnings Sensex stages recovery after falling 300 points in early trade
Sandra Phillips | 16 April, 2018, 15:20

According to government data, inflation based on wholesale prices eased marginally to 2.47 per cent in March on cheaper food articles, especially pulses and vegetables.

Wholesale inflation was 2.48 per cent in February and 5.11 per cent in March previous year.

Although, investors appeared slightly cautious amid mixed cues from global markets after a US-led strike on Syrian targets in response to alleged chemical weapons attacks, fuelling fresh geopolitical tensions.

Benchmark equity indices recouped all the losses, with the Nifty reclaiming 10,500 mark backed by HDFC twins and ITC.

The 30-share index fell by 293.31 points, or 0.85 per cent, to 33,899.34 in opening trade. Sectoral indices led by Tech, IT, PSU, Power, oil and gas, infrastructure and banking stocks declined up to 1.45 percent.

The Sensex touched a high of 34,169.29 points and a low of 33,899.34 points during the intra-day trade so far.

Elon Musk Offers Rare Look inside Model 3 Factory
A shorter timeline is potentially feasible, the source said, as the Model Y will be built on the same platform as the Model 3. For the first time ever, Tesla CEO Elon Musk has granted network cameras access to his Model 3 production line .

$1.09 EPS Expected for Genworth MI Canada Inc. (MIC) on May, 1
Oakbrook Investments Ltd Liability invested 0.03% of its portfolio in HCP, Inc. (NASDAQ:AMGN) for 9,548 shares. Among 8 analysts covering Sinclair Broadcast Group Inc ( NASDAQ:SBGI ), 8 have Buy rating, 0 Sell and 0 Hold.

Kathua rape-murder: Never raised questions on JK polices probe, says Mir
The BJP leader also questioned why Gandhi did not take out any march after the 2012 Nirbhaya gang rape. This story has been sourced from a third party syndicated feed, agencies.

Healthcare, FMCG and capital goods stocks saw buying interest.

Tata Motors (-4.6%), Infosys (-3.6%), Axis Bank (-1.5%), HPCL (-1.3%) and Titan (-1.2%) were the top losers on the NSE.

The 50-share NSE Nifty too moved in a wide range on hectic selling and buying and finally closed 47.75 points, or 0.46 per cent, higher at 10,528.35.

NTPC, UPL, Hero MotoCorp, Grasim and Cipla climbed 2-5 percent in the Nifty pack, while Tata Motors slumped 4.8 percent on reports that its JLR unit is planning to cut costs.

The rupee fell 20 paise to 65.40 against the United States dollar in early trade on global trade war concerns, dip in India's exports in March and a sharp drop in domestic equities.

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