Sensex jumps 154 points in early trade

Sensex jumps 154 points in early trade
Sensex, Nifty trade at life-time highs

18 August, 2017

Midcaps continued to gain and metals were trading in the green on Thursday.

Finally, the NSE Nifty closed 0.07 per cent or 6.85 points higher at 9,904.15, while the benchmark BSE Sensex settled 0.07 per cent or 24.57 points higher at 31,795.46.

Infosys took the lead in gainers category by rising over 3.25 or Rs 32 trading at Rs 1008.50 on BSE after the company said it will consider a proposal for buyback of its equity shares at its meeting to be held on August 19.

The Nifty50 closed higher by 103.15 points or 1.05 per cent at 9,897.30 points, while the Sensex closed at 31,770.89 points - up 321.86 points, or 1.02 per cent.

The Asian markets on Thursday rose as tensions between the USA and North Korea. The 30-share Sensex surged by 166.62 points, or 0.52 per cent, to 31,937.51 points in early trade after gaining 557.30 points in the previous two sessions.

More news: Korean leader urges N. Korea, US to resolve ongoing stalemate peacefully

Foreign portfolio investors (FPIs) sold shares worth net Rs 1,638.83 crore on Monday, as per provisional data released, while the Domestic institutional investors (DIIs) bought shares worth Rs 1,619.17 crores.

The index was up by 77.82 points or 0.24% up at 31848.71.

Implementation of a higher house rent allowance, as recommended by a panel for federal government employees, and farm loan waivers by some states will spike inflation in coming months, Reserve Bank of India Governor and head of India's Monetary Policy Committee Urjit Patel said, according to the MPC meeting minutes released Wednesday.

On Wednesday, the key benchmark indices rose 1 per cent which is their biggest single day gain since July 10. The apex court upheld an order by the Delhi High Court which allowed the company to use land at Delhi airport for non-aviation or commercial purposes. Coal India closed higher by 4.11% at Rs 246.80 per share, Hindustan Zinc closed higher by 1.34% at Rs 294.50 per share and Hindalco Industries closed lower by 1.48% at Rs 230.15 per share. Lenders such as Yes Bank Ltd and Axis Bank Ltd among others have also cut interest rates on certain savings accounts.

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