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Nifty Ends Above 10000 As Banking Shares Rally; IndusInd Surges 6%

12 September, 2017, 07:41 | Author: Jeff Stephens
  • BSE Sensex|Reuters

However, some profit booking in recent gainers pulled the index down to a day's low of 31,797.89 points. IndusInd Bank shared had risen as much as 6 per cent to a 52-week high of Rs 1,799.10 during intraday trade. Shares of Bharat Financial Inclusion ended 3.4 per cent higher at Rs 966.90, after hitting a 52-week high of Rs 979 earlier in the session. Intra-day, it went up by 4.59 per cent to Rs 979 - its 52-week high.

In the Sensex kitty, Tata Steel emerged as top gainer surging by 4.27 percent to Rs 689.55 after the company concluded a new agreement under which its United Kingdom business stands separated from the 15-billion pound British Steel Pension Scheme (BSPS).

Auto shares also witnessed buying as the increase in Goods and Services Tax (GST) was less wide-ranging than expected.

Bayern Munich star confirms he rejected Man Utd switch
Lewandowski said he feared Bayern would be left behind if they did not invest heavily in the transfer market. 'We need time. Rummenigge told Bild: "I am sorry for what Lewandowski said". "Obviously Robert was irritated by PSG's transfers".


India's direct tax collections in the first five months of the current fiscal grew by 17.5 percent to Rs. 2.24 lakh crore, the government said in a statement. Auto stocks gained on stock exchanges as the increased GST cess on mid- sized, luxury and SUV cars comes into effect starting today- September 11, 2017.

Vinod Nair, Head of Research, Geojit Financial Services, said, "domestic market inched up supported by positive impetus in global market due to weakened hurricane Irma in United States and sign of melting geopolitical tensions".

Investors are looking forward to August CPI inflation and July IIP data on Tuesday for any turnaround after the disruption caused by GST.

Myanmar kills 3000 Rohingya Muslims in Rakhine
Myanmar denies Rohingya exist as an ethnic group and says those living in Rakhine are illegal migrants from Bangladesh. ARSA's declaration drew no formal response from the military or the government of Buddhist-majority Myanmar.


Mumbai: Global markets are heaving a momentary relief after North Korea did away with plans for a second missile test, that it meant to test during the weekend. It had gained 25.55 in the previous two sessions.

Investors, however, remained cautious over the possible economic impact of Hurricane Irma in the U.S. as it chewed its way up the Florida coast, knocking out electricity to 3 million homes and businesses statewide.

Conor McGregor is being sued for his UFC 202 bottle-throwing incident
Just days removed from the biggest fight of his young career, UFC champion Conor McGregor is headed to another battle. The lawsuit for the August 17, 2016 incident was filed in court, March 28, 2017, seven months after the incident.


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