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Sensex, Nifty continues to close at lifetime high
12 May 2017, 01:27 | Candice Butler
Positive global cues, strong rupee buoy Indian equities
Earlier, the IMD had predicted 96 per cent of the annual average of rains.
HCL Technologies gained half a percent after its Q4 profit beat analysts' estimates.
It surpassed its previous all-time closing high of 30,248.17 reached Wednesday. The indices had hit record highs during intraday trade.
On similar lines, the NSE Nifty rose 42.70 points, or 0.46 per cent, at 9,359.55 in opening trade.
The scrip was down 0.27 per cent on the BSE Sensex.
The chief of the country's state-run India Meteorological Department on Tuesday said India looks likely to receive higher monsoon rainfall than previously forecast as concern over the El Nino weather condition eased. "Earnings positivity has obviously been keeping markets buoyant and prospects of FII turning buyers in equities also kept markets push higher".
Mumbai: The benchmark Sensex today regained the 30,000-mark early on by surging over 76 points after investors built more bets and domestic financial institutions continued buying amid mixed Asian cues.
Meanwhile, foreign portfolio investors (FPIs) bought shares worth net Rs 893.36 crore yesterday, as per provisional data from the stock exchanges.
The market price of 77 stocks from the BSE 500 and Smallcap indices have hit their respective 52-week highs today. In the fertiliser and chemicals space, shares of Rashtriya Chemicals and Fertilizers, Fertilisers and Chemicals Travancore (FACT), Madras Fertilizer and Chambal Fertilisers and Chemicals surged by up to 6.89 per cent.
Shares of Petronet LNG rose 4.4% intraday on strong Q4 numbers and bonus declaration. For Q4, the bank reported 12.5 percent rise in net profit at Rs 108 crore on a year-on-year basis, helped by write-back of excess provisions of income tax. The stock ended 1.2% higher.
Banking stocks extended gains on the latest empowerment of the RBI to tackle bad loans. The stocks rose by up to 1.49 per cent.
"Major Asian markets have all ended on a positive note, barring SET and Shanghai index". Also, the Nifty metal gained for third consecutive day. India VIX closed lower by 4.7% at 11.1 levels.
Contempt of Court: SC sentences Justice Karnan to jail
Justice Karnan has been accused of circulation of disparaging letters against sitting High Court judges of the Madras High Court. Justice C S Karnan will move the Supreme Court today seeking recall of the order that sentenced him to six months in jail.
UNC Sports: Tar Heels score high in April
Every Division I sports team across the nation calculates its April each academic year, similar to a report card. The average four-year rate for all NCAA sports in the latest data is 981, up two points from last year.
Capitals rally past Penguins 5 to avoid elimination
Their 4-2 win cuts the Pittsburgh Penguins' series lead to 3-2 and takes the battle back to Pittsburgh for Game 6 on Monday. If that happens again and Pittsburgh has a lead in the third period, Sullivan won't make the same mistake twice.
Pakistan dispatches supplies to southwest border villages
The attack caused the border to be closed again indefinitely while a curfew was imposed in Torkham bazaar as a preemptive measure. Afghan officials said the Pakistani team including uniformed Frontier Corps guards had crossed into Afghan territory.
Tyson: Joshua Makes Boxing Big
In Tyson's own words, one fighter has seemingly altered what was a bleak landscape for boxing. "It's good actually", said Joshua. The Ukrainian rode the momentum into the sixth round, knocking Joshua down with a straight right early and hurting him badly.
Former EPL champion Blackburn plunges into 3rd tier
Since being purchased by the Indian company for roughly $73 million back in 2010, the team has been thrown into near utter chaos. Poor recruitment has only exacerbated the situation for Blackburn , but the club should eventually reach a tipping point.
All-Male Senate Healthcare Group Criticized by Democrats
Health analysts question whether the extra $8 billion the House bill provides over five years for high-risk pools will be enough. That significant cut to Medicaid that impacts special education students also has an immediate impact on poor people as a whole.
India to play Champions Trophy
The objective of the SGM was to take a call on the revenue loss and governance reforms at the International Cricket Council (ICC).
Broadband Providers Cheer Proposed Net Neutrality Reversal
Ed Markey (D-Mass.), prior to Pai's speech . "Technological innovation has flourished because of the open nature of the internet". The internet is now regulated under Title II, which was created in the 1930s to regulate the Ma Bell telephone monopoly.