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Business News/ Market / Stock-market-news/  Market Wrap: Sensex closes 301 points up, Nifty above 10,160, ITC, Tata Motors, Sun Pharma top gainers
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Market Wrap: Sensex closes 301 points up, Nifty above 10,160, ITC, Tata Motors, Sun Pharma top gainers

BSE Sensex closed higher by 301.09 points to 33,250.30, while the Nifty 50 rose 98.95 points to close at 10,265.65. Here are the latest updates from the markets

BSE Sensex and NSE Nifty closed higher on Friday. Photo: Hemant Mishra/MintPremium
BSE Sensex and NSE Nifty closed higher on Friday. Photo: Hemant Mishra/Mint

MUMBAI :Mumbai: Market benchmark Sensex surged 301 points to close at 33,250.30 on Friday on unabated buying by domestic institutional investors amid positive global leads, PTI reported. The wider NSE Nifty too ended above the 10,250-level. The index had rallied 352.03 points in the previous session on value-buying by investors in recently-battered blue-chip stocks. On a weekly basis, the Sensex gained 417.36 points, or 1.27%, while the Nifty advanced 143.85 points, or 1.42%. All the sectoral indices ended higher led by FMCG, healthcare and metal. The Nifty PSU Bank fell 0.83%. Shares of ITC, ONGC, Sun Pharma and Tata Motors were among the top gainers, whereas RIL, Hero MotoCorp, SBI and TCS were the major losers.

08 Dec 2017, 03:33:00 PM IST

Closing bell

BSE Sensex closed higher by 301.09 points, or 0.91%, to 33,250.30, while the Nifty 50 rose 98.95 points, or 0.97%, to close at 10,265.65.

08 Dec 2017, 03:28:00 PM IST

Sectoral indices

All the sectoral indices on BSE traded higher led by FMCG, which was up 2.13%, healthcare 1.42%, basic materials 1.21%, oil and gas 1.15% and metal 1.12%. Meanwhile, the Nifty PSU Bank fell 0.83%.

08 Dec 2017, 03:25:00 PM IST

ICICI Bank mops up $500 million in overseas bond sale

08 Dec 2017, 02:33:00 PM IST

Market update

BSE Sensex traded higher by 312.48 points, or 0.95%, to 33,261.69, while the Nifty 50 rose 101.15 points, or 0.99%, to 10,267.85.

08 Dec 2017, 02:31:00 PM IST

Tata Motors global wholesales rise 22%

Tata Motors group global wholesales in November rose 22% at to 112,473 units compared to the last year. Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in November increased 51% to 40,845 units. Global wholesales of all passenger vehicles up 10% to 71,628 units.

08 Dec 2017, 02:25:00 PM IST

Rupee trades higher against US dollar

The rupee was trading at 64.48 a dollar, up 0.14% from its Thursday’s close of 64.57. The rupee opened at 64.55 a dollar and touched a high and a low of 64.45 and 64.59, respectively. The 10-year bond yield was at 7.084%, compared to its previous close of 7.055%.

08 Dec 2017, 02:23:00 PM IST

London stocks open flat

The London stock market flattened at the start of trading following news of a breakthrough Brexit deal, while the pound nudged slightly higher. London’s FTSE 100 index was almost unchanged at 7,322.44 points. In the eurozone meanwhile, the Paris CAC 40 rose 0.5% to 5,411.91 and Frankfurt’s DAX 30 gained nearly 0.8% to 13,146.82 points.

08 Dec 2017, 01:10:00 PM IST

Market update

BSE Sensex traded higher by 248.68 points, or 0.75%, to 33,197.89, while the Nifty 50 rose 78.30 points, or 0.77%, to 10,245.

08 Dec 2017, 01:07:00 PM IST

City Union Bank says improper transactions reported on MasterCard, VISA, NPCI platforms

City Union Bank Ltd shares fell 1.17% to Rs176.80 after the bank said improper debit card transactions were found on MasterCard, VISA and NPCI platforms without corresponding entries into customer accounts into the bank’s system.The bank said it has immediately shutdown its network for investigation purposes.The bank further said an initial estimate of quantum of money in improper transactins across all payment settling platforms is about Rs30-32 crore. The bank has cyber security insurance cover of about Rs25 crore. The bank has revealed that money had been withdrawn through ATMs from around 20 countries, including US, Canada, UK, UAE, Slovakia, Czech Republic, Poland and Israel.The bank added that its payment systems are now working normal after ensuring adequate security.

08 Dec 2017, 09:24:00 AM IST

Sandhar Technologies files for IPO

Sandhar Technologies Ltd has filed documents for an initial public offering (IPO). The IPO includes a Rs300 crore fresh issue and an offer for sale of up to 80 lakh shares by GTI Capital Beta. ICICI Securities and Axis Capital are the lead book running managers for the IPO.

08 Dec 2017, 01:03:00 PM IST

Capital First board approves debt offering

Capital First Ltd said its board approved an issue of Rs100 crore of non-convertible debentures and Rs300 crore of green shoe option on private placement basis. Shares rose 0.67% to Rs696.45.

08 Dec 2017, 11:55:00 AM IST

RIL acquires stake in Uruguay-based Dreketi SA

Reliance Industries Ltd said it has acquired a stake in Uruguay-based Dreketi SA, which now becomes a wholly-owned subsidiary of the company. RIL shares traded 0.51% lower to Rs925.90.

08 Dec 2017, 11:57:00 AM IST

Bitcoin falls more than 12% to below $15,000

08 Dec 2017, 11:50:00 AM IST

Zydus receives USFDA approval

Cadila Healthcare Ltd said Zydus Pharmaceuticals (USA) Inc. received final approval from the USFDA to market Clozapine tablets used for the treatment schizophrenia. Shares traded 0.71% up at Rs420.05.

08 Dec 2017, 11:09:00 AM IST

Market update

BSE Sensex traded higher by 242.23 points, or 0.74%, to 33,191.44, while the Nifty 50 rose 81.65 points, or 0.80%, to 10,248.35.

Graphic: Livemint
Graphic: Livemint

08 Dec 2017, 11:07:00 AM IST

Ruchi Soya to expand crushing business

Ruchi Soya said it plans to scale up its Soyabean crushing business following positive government policy announcements. The company said an increase in export incentives for agriculture and related products will help Ruchi Soya’s oil seed extraction business. The company expects its current capacity utilisation to double in the current year to 30-35%.

08 Dec 2017, 11:05:00 AM IST

HDFC Standard Life shares gain before earnings

HDFC Standard Life Insurance Co Ltd rose 1% to Rs392.05 ahead of its September quarter earnings due later today. The stock gained 10 out of 16 trading sessions and rose 36% in this period

08 Dec 2017, 11:03:00 AM IST

New India Assurance share trade higher

New India Assurance falling since last 17 out of 20 trading sessions and declined 27.12% in this period. The stock listed on 10 November. The stock was trading at Rs582 on BSE, up 0.26% from previous close

08 Dec 2017, 10:15:00 AM IST

Maruti Suzuki India hits Rs9,000 mark

Maruti Suzuki India Ltd hits Rs9,000 mark. The stock was trading at Rs9,019 on BSE, up 1.6% from previous close. So far this year it gained 65%.

08 Dec 2017, 10:13:00 AM IST

Tata Motors shares gain om JLR sales numbers

Tata Motors Ltd rose 1.14% to Rs407 after Jaguar Land Rover reported a 10% growth in November sales.The UK’s largest automotive manufacturer sold 52,332 vehicles in November.

08 Dec 2017, 10:10:00 AM IST

Escorts Ltd shares up after brokerage firm initiates coverage

Escorts Ltd rose 3.5% to Rs688.25 after brokerage firm HSBC initiated buy rating on the stock with a price target of Rs835, implying a potential upside of 26% from Thursday’s close.

08 Dec 2017, 09:37:00 AM IST

Jet Airways shares fall 3% after Q2 results

Jet Airways India Ltd fell 3% to Rs675.05 after the company reported 91% decline in its net profit to Rs49.63 crore in September quarter from Rs549.02 crore due to a weak demand from the Middle East, lower airfares and higher fuel prices. Revenue fell 0.25% to Rs5,758.18 crore in the quarter from a year earlier, while expenses rose 9.28% to Rs5,708.55 crore, the airline said on Thursday.

08 Dec 2017, 09:35:00 AM IST

SAIL shares gain on JV with ArcelorMittal

Steel Authority of India Ltd rose 3% to Rs81 after ET reported that its board may clear JV with ArcelorMittal next week.

08 Dec 2017, 09:33:00 AM IST

Future Consumer shares rise 12% on brokerage firm rating

Future Consumer Ltd rose 12% to Rs65.30 after brokerage firm Morgan Stanley initiated Overweight’ rating with a price target of Rs95; implying a potential upside of 61% form Thursday’s close.

08 Dec 2017, 09:20:00 AM IST

Market update

BSE Sensex opened higher by 184.50 points, or 0.56%, to 33,133.71, while the Nifty 50 rose 43.05 points, or 0.42%, to 10,209.75.

08 Dec 2017, 09:17:00 AM IST

Rupee opens flat against US dollar

The rupee opened at 64.55 a dollar. At 9.15am, the home currency was trading at 64.58 a dollar, down 0.02% from its Thursday’s close of 64.57. The 10-year bond yield was at 7.036%, compared to its previous close of 7.031%.

08 Dec 2017, 09:15:00 AM IST

Asian currencies trade lower

Asian currencies were trading lower ahead of non-payroll data on Friday. Japanese yen was down 0.22%, Thai baht 0.08%, Malaysian ringgit 0.05%, Singapore dollar 0.04%. However, Philippines peso was up 0.11%. The dollar index, which measures the US currency’s strength against major currencies, was trading at 93.824, up 0.03%, from its previous close of 93.795.

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