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Indices snap 6-session losing streak, Sensex rises 318 points; banks lead

All that happened in the market today

SI Reporter  |  New Delhi 

MARKET COMMENT Mustafa Nadeem, CEO, Epic Research  Nifty has its important support of 200 - day simple moving average (SMA) at 10140, which provided a short-term relief to market to bounce back and see some short covering. Though this may be validated in next few days if the market also sustains the 200-day SMA. On the upside, we expect this short-term rally to continue till 10300 - 10350 on the Nifty, where it may face selling pressure again BSE Smallcap: Bhushan Steel, Mangalam Drugs & Organics top gainers of the day, Dalmia Sugars top loser BSE Midcap: Vakrangee, Reliance Infra top gainers of the day, IDBI top loser Nifty PSU Bank index ends 2.8% higher Sectoral Trend BSE Sensex gainers and losers

Benchmark indices ended higher on Thursday after six sessions of losses, as Asian equities rose on hopes that US President Donald Trump’s plan to introduce hefty tariffs on steel and aluminium imports could exclude certain key partner countries. Asian shares outside Japan rose sharply as fears of a global trade war eased after White House signalled that the proposed hefty US tariffs on steel and aluminium imports could exclude Canada, Mexico and a clutch of other countries. Among sectoral indices, the Nifty PSU Bank index rose over 2% higher today lead by a rise in ...

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First Published: Thu, March 08 2018. 15:31 IST
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Indices snap 6-session losing streak, Sensex rises 318 points; banks lead

All that happened in the market today

Benchmark indices ended higher on Thursday after six sessions of losses, as Asian equities rose on hopes that US President Donald Trump’s plan to introduce hefty tariffs on steel and aluminium imports could exclude certain key partner countries. Asian shares outside Japan rose sharply as fears of a global trade war eased after White House signalled that the proposed hefty US tariffs on steel and aluminium imports could exclude Canada, Mexico and a clutch of other countries. Among sectoral indices, the Nifty PSU Bank index rose over 2% higher today lead by a rise in ...

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