Economy

Indices extend gains; Sensex jumps over 200 points

Indices extend gains; Sensex jumps over 200 points

The Sensex gained more than 150 points and the Nifty reclaimed the 10,200 level; the gains were led by Tata Motors, GAIL India and Coal India.

On Wednesday, the key indices were dragged lower by interest-rate sensitive stocks like banking, metals and capital goods.

Overseas, the Asian markets saw the shares of most of the companies decline, since investors across the globe have an eye on the final tax legislation in the USA, where policy uncertainty kept sentiment in check.

Gainers on the Sensex included: ICICI Bank, Maruti and HDFC. Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net Rs 1,470.56 crore, while domestic institutional investors (DIIs) bought to the tune of Rs 1,074.39 crore yesterday, as per provisional data released by the stock exchanges. Results are due later this month.

More news: China Claims Indian Drone "Invaded Airspace in Crash"

"On the macro front upcoming RBI policy and Gujarat state election will be an influential factor for investors which is steering the market to consolidate", said Vinod Nair, Head of Research, Geojit Financial Services.

IRB Infrastructure Developers Ltd slid as much as 6.1 per cent after the company said the Central Bureau of Investigation has filed charges against it over alleged illegal purchases of government land.

In the global markets, Asian shares hovered near two-month lows on Thursday as softer oil and copper prices and uncertainty over USA policy kept many investors on the sidelines, even as some high-tech bellwethers bounced back after a searing sell-off. Participants sensed value-buying opportunities after the equities' recent lacklustre run, making stock valuations attractive, according to market participants. MSCI's broadest index of Asia-Pacific shares outside Japan was barely changed. Japan's Nikkei advanced 1.45%, Hong Kong's Hang Seng went up 0.29%, while China's Shanghai Composite Index surrendered 0.67%. Frankfurt's DAX 30 fell 0.08 percent while Paris CAC 40 shed 0.26 percent in their early deals.


  • Barcelona set a new record Champions League

    Barcelona set a new record Champions League

    This victory allowed the Catalans to reach the knockout stage of the tournament with first place in the group. Accordingly, both the sides are aware of the club they could potentially be up against in the final 16.
    Palestine, Egypt confer after United States  decision on Jerusalem

    Palestine, Egypt confer after United States decision on Jerusalem

    President Donald Trump's announcement America would relocate its Israel embassy from Tel Aviv to Jerusalem. A spokesperson for the vice president did not immediately respond to The Hill's request for comment.

    Jensen Investment Management Inc. Has $326.07 Million Holdings in Johnson & Johnson (JNJ)

    Redmond Asset Management Llc increased Alphabet Inc Cap Stk Cl C stake by 2,021 shares to 2,372 valued at $2.16 million in 2017Q2. The company reported $1.83 earnings per share for the quarter, topping analysts' consensus estimates of $1.77 by $0.06.
  • Hideo Kojima's Death Stranding Gets Disturbing New Trailer at The Game Awards

    Hideo Kojima's Death Stranding Gets Disturbing New Trailer at The Game Awards

    A new trailer for Death Stranding , the debut game from Kojima Productions , debuted during The Game Awards Thursday evening. It seems that Norman Reedus and Mads Mikkelsen will play the protagonist and antagonist respectively.

    Is The Stock Risky? Verizon Communications Inc. (VZ)

    In analysts note shared with investors and clients on Friday morning, Jefferies reconfirmed their Hold rating on shares of VZ. Bridgewater Associates Lp acquired 48,308 shares as Verizon Communications Inc (VZ)'s stock declined 7.66%.

    Systematic Financial Management LP Sells 70702 Shares of Brandywine Realty Trust (BDN)

    With 1.62 million avg volume, 3 days are for Brandywine Realty Trust (NYSE: BDN)'s short sellers to cover BDN's short positions. Empire State Realty Trust Inc (NYSE:ESRT) declared a quarterly dividend on Monday, November 27th, Wall Street Journal reports.
  • Marvel Announces Animated Film with Super Diverse Cast

    Marvel Announces Animated Film with Super Diverse Cast

    Marvel Rising: Secret Warriors features an all-star voice cast which includes Kathleen Khavari as Kamala Khan/Ms. Marvel , Squirrel Girl, America Chavez, and more.
    Soul Calibur 6 Revealed at The Game Awards 2017

    Soul Calibur 6 Revealed at The Game Awards 2017

    The new Soulcalibur is coming in 2018 to PlayStation 4, Windows PC and Xbox One, just in time for the series' 20-year anniversary. The trailer, seen below, highlights some of the fighters that will presumably be available in the finished release.

    Crown Castle International Corp (CCI) and Invesco Plc (IVZ)

    Grisanti Capital Management LLC raised its holdings in shares of Crown Castle International by 10.2% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc increased Crown Castle Intl Corp ( CCI ) stake by 1.92% reported in 2017Q2 SEC filing.
  • Google to Launch New YouTube Music Service in March

    Google to Launch New YouTube Music Service in March

    Internally codenamed "Remix", the new service features on-demand streaming with video clips and other YouTube-like elements. The service is also attached to Google's Play Music , which allows users access to either service, at no extra charge.
    National Hockey League  agrees to accept and consider Seattle expansion application

    National Hockey League agrees to accept and consider Seattle expansion application

    Seattle would have a natural rivalry with some of the other teams in the West, particularly those in Western Canada. Bettman said the group is only looking at Seattle for expansion, leaving Quebec City and Houston alone.
    Terrifying footage shows California drivers commuting mid-wildfire

    Terrifying footage shows California drivers commuting mid-wildfire

    California Governor Jerry Brown declared a state of emergency on Tuesday, freeing state funds and resources to assist. Violent Santa Ana winds continued to hamper efforts as gusts hit up to 80 miles per hour at their peak.