Sensex, Nifty at record high; RIL, HDFC Bank stocks fuel rally
25 July, 2017, 00:26 | Author: Darnell Patrick
India's benchmark index Sensex hit a record high on Monday, led by blue-chip Reliance Industries after the petrochemicals-to-retail conglomerate reported a better-than- expected quarterly earnings and announced a low-priced, 4G-enabled phone.
The 50-share NSENifty advanced 24.05 points, or 0.24 percent, to scale lifetime high of 9,939.30. At the close, the benchmark 30-share index, BSE Sensex added 216.98 or 0.68% at 32,245.87 with 18 components posting rise.
Benchmark Nifty50 opened on a strong note and soon touched its all-time high at 9,942.80. Nifty, meanwhile, was incing closer to the 10,000 mark and was trading at 9,961, which is 46 points higher. RIL Chairman Mukesh Ambani also announced bonus shares in 1:1 for its shareholders.
BSE Mid-cap index closed higher by 0.27% at 15,226. The shares of Avenue Supermarts, the operator of D-Mart retail chain, gained 5.5 per cent after reporting that its Q1 net profit increased 47.7 per cent at Rs 174.7 crore as against Rs 118.4 crore in the same quarter previous year.
The Monday green was a direct result of International Monetary Fund's predictions of India's GDP growth at 7.2 per cent in 2017.
The rupee dropped by 11 paise to 64.43 against the United States dollars in Monday's opening session thanks to fresh demand from importers for U.S. currency.
In investments, provisional data with the exchanges showed that foreign institutional investors (FIIs) sold scrips worth Rs 366.84 crore, while domestic institutional investors (DIIs) bought stocks worth Rs 668.87 crore.
The number of unemployed, defined as workers without a job who actively sought one in the past month, dropped to 67,200 in June. Gedney speculates the department's numbers for mining and logging employment are likely being underestimated.
Musk said a trip from NY to Washington, which now takes about three hours by train, would take just 29 minutes under his plan. It consists of passenger (or car)-carrying pods that travel in a low-pressure tube.
He announced the new press secretary to take over from Spicer, who resigned earlier on Friday, would be Sarah Sanders. From there, Trump promoted Huckabee Sanders, Spicer's deputy, to the role of press secretary.
Jio is also giving a cable to connect with the TV as a special accessory to display the phone content on a bigger screen. Reliance Jio JioPhone will be available to users who pre-book it on a first-come, first-serve basis.
There was no formal announcement of the launch, but Amazon has confirmed the integration and is rolling out the service this week. So it looks like Alexa will be coming to the Amazon shopping app on Android some time this week.
Such a move could result in a lot more tit-for-tat trade actions and potentially disrupt business between the countries. Trump has threatened to withdraw from Nafta if Mexico and Canada don't agree to more favorable terms for the U.S.
Tiger Woods had a vicious lip-out in his bid for 62 in the second round of the 2007 PGA Championship at Southern Hills. Saturday was a historic day at Birkdale, and Grace will be remembered as the first to ever shoot a 62 in a major.
As I predicted a bit ago, Bandai Namco has teamed up with other companies to bring more cross-over characters to Tekken 7 . Adding characters from a different franchise can attract their fans to your game.
In an interview, she once said, "Doing mathematics for me is like being on a long hike with no trail and no end in sight". Mirzakhani was born in Tehran, Iran on May 3, 1977, and she quickly displayed an awesome talent for math.
Tensions High In Jerusalem Over Recent Escalation In Violence
Muslim leaders signaled earlier Sunday that they would reject any new proposal that leaves additional security measures in place. Israel made a decision to install the metal detectors after Arab-Israeli gunmen had shot two police officers dead.
Nifty ends above 9900, Reliance Industries leads
DTH operator stocks also plummeted soon after the oil-to-telecom conglomerate Reliance Industries Ltd announced its cable TV. The RIL stock pushed the market higher by nearly 50 points in early trade.
How will India, England's World Cup final rivals, shape up?
Meg Lanning's side thumped India by eight wickets earlier in the competition in their most impressive display of the tournament. Harmanpreet Kaur mauled 171 off 115 balls - she was 41 off 60 before going on a brutal onslaught that would yield 131 off 55.
Google launches the feed inside its main iOS search app
Google is updating its Google app on Android and iOS to incorporate more machine learning-based personalization features . Instead, Google combines the most important news stories of the day with ones about topics you've previously searched.
Nintendo's Switch mobile app is now available
As for the third-party front, the situation is slowly improving even though a few developers still seem hesitant to get on board. That means it's easy to squeeze in a round or two when you otherwise probably wouldn't have time to play another game .
Pressure Up On Arizona Senators As New Health Bill Unveiled
Our current Senate seems caught up in very old battles that aren't helping to solve complicated problems for their constituents. Susan Collins , R-Maine, is also withholding her support because it would slow the rate of growth in spending on Medicaid.