You are here: Home » PTI Stories » National » News
Business Standard

Nifty up 10 pts on easing inflation, global cues

Press Trust of India  |  Mumbai 

The 50-share recovered by 10 points to end at 8,583.40 on fresh buying mainly in Infra, Energy, Realty and PSU Bank counters in view of a fall in amid higher global cues.

Retail in September dropped to a 13-month low of 4.31 per cent mainly on account of easing vegetables prices.



Wholesale also eased to 3.57 per cent in September as food articles, led by vegetables, witnessed softening of prices.

Overseas, Asian stocks ended higher, reversing some early losses, as investors weighed price increases in and the possibility of a US hike later in the year.

Key indices in China, Hong Kong, Japan, and rose by 0.08 per cent to 0.88 per cent, while Taiwan's weighted average eased by 0.59 per cent.

The 50-share index opened higher at 8,594.00 and hovered in a range of 8,604.45 and 8,549.80 before finishing at 8,583.40, showing a gain of 10.05 points or 0.12 per cent.

Major gainers were (4.04 per cent), followed by L&T (2.53 per cent), Tata Motors (2.06 per cent) and Reliance Industries (1.94 per cent).

However, Zee fell by 3.30 per cent, Bharti Infratel 2.44 per cent, Infosys 2.39 per cent, HUL 2.30 per cent and Idea 1.78 per cent.

A total of 1,037 scrips advanced, 575 declined while 81 remained unchanged. Total securities that hit their price bands were 104.

Turnover in cash segment fell to Rs 20,518.22 crore from Rs 23,622.24 crore yesterday.

A total of 9,547.69 lakh shares changed hands in 7,896,477 trades. The market capitalisation of stood at Rs 11,021,299 crore.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

RECOMMENDED FOR YOU

Nifty up 10 pts on easing inflation, global cues

The NSE 50-share Nifty recovered by 10 points to end at 8,583.40 on fresh buying mainly in Infra, Energy, Realty and PSU Bank counters in view of a fall in inflation amid higher global cues. Retail inflation in September dropped to a 13-month low of 4.31 per cent mainly on account of easing vegetables prices. Wholesale inflation also eased to 3.57 per cent in September as food articles, led by vegetables, witnessed softening of prices. Overseas, Asian stocks ended higher, reversing some early losses, as investors weighed price increases in China and the possibility of a US interest rate hike later in the year. Key indices in China, Hong Kong, Japan, Singapore and South Korea rose by 0.08 per cent to 0.88 per cent, while Taiwan's weighted average eased by 0.59 per cent. The NSE 50-share index opened higher at 8,594.00 and hovered in a range of 8,604.45 and 8,549.80 before finishing at 8,583.40, showing a gain of 10.05 points or 0.12 per cent. Major gainers were Gail India (4.04 ... The 50-share recovered by 10 points to end at 8,583.40 on fresh buying mainly in Infra, Energy, Realty and PSU Bank counters in view of a fall in amid higher global cues.

Retail in September dropped to a 13-month low of 4.31 per cent mainly on account of easing vegetables prices.

Wholesale also eased to 3.57 per cent in September as food articles, led by vegetables, witnessed softening of prices.

Overseas, Asian stocks ended higher, reversing some early losses, as investors weighed price increases in and the possibility of a US hike later in the year.

Key indices in China, Hong Kong, Japan, and rose by 0.08 per cent to 0.88 per cent, while Taiwan's weighted average eased by 0.59 per cent.

The 50-share index opened higher at 8,594.00 and hovered in a range of 8,604.45 and 8,549.80 before finishing at 8,583.40, showing a gain of 10.05 points or 0.12 per cent.

Major gainers were (4.04 per cent), followed by L&T (2.53 per cent), Tata Motors (2.06 per cent) and Reliance Industries (1.94 per cent).

However, Zee fell by 3.30 per cent, Bharti Infratel 2.44 per cent, Infosys 2.39 per cent, HUL 2.30 per cent and Idea 1.78 per cent.

A total of 1,037 scrips advanced, 575 declined while 81 remained unchanged. Total securities that hit their price bands were 104.

Turnover in cash segment fell to Rs 20,518.22 crore from Rs 23,622.24 crore yesterday.

A total of 9,547.69 lakh shares changed hands in 7,896,477 trades. The market capitalisation of stood at Rs 11,021,299 crore.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Nifty up 10 pts on easing inflation, global cues

The 50-share recovered by 10 points to end at 8,583.40 on fresh buying mainly in Infra, Energy, Realty and PSU Bank counters in view of a fall in amid higher global cues.

Retail in September dropped to a 13-month low of 4.31 per cent mainly on account of easing vegetables prices.

Wholesale also eased to 3.57 per cent in September as food articles, led by vegetables, witnessed softening of prices.

Overseas, Asian stocks ended higher, reversing some early losses, as investors weighed price increases in and the possibility of a US hike later in the year.

Key indices in China, Hong Kong, Japan, and rose by 0.08 per cent to 0.88 per cent, while Taiwan's weighted average eased by 0.59 per cent.

The 50-share index opened higher at 8,594.00 and hovered in a range of 8,604.45 and 8,549.80 before finishing at 8,583.40, showing a gain of 10.05 points or 0.12 per cent.

Major gainers were (4.04 per cent), followed by L&T (2.53 per cent), Tata Motors (2.06 per cent) and Reliance Industries (1.94 per cent).

However, Zee fell by 3.30 per cent, Bharti Infratel 2.44 per cent, Infosys 2.39 per cent, HUL 2.30 per cent and Idea 1.78 per cent.

A total of 1,037 scrips advanced, 575 declined while 81 remained unchanged. Total securities that hit their price bands were 104.

Turnover in cash segment fell to Rs 20,518.22 crore from Rs 23,622.24 crore yesterday.

A total of 9,547.69 lakh shares changed hands in 7,896,477 trades. The market capitalisation of stood at Rs 11,021,299 crore.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard