You are here: Home » Markets » News
Business Standard

Markets end at five-week high; Sensex up 276 pts, Nifty settles at 10,093

All that happened in Tuesday's trade

SI Reporter  |  New Delhi 

Extending gains for the fourth straight session, the benchmark indices ended higher with the Nifty50 ending near its crucial 10,100 level, its second-best closing ever, while the broader markets hit their fresh closing highs.     Sentiment turned positive after Asian markets hit a 10-year peak as North Korean fears eased slightly and the worst-case scenario from Hurricane Irma appeared to have subsided. European markets also took the lead from Asia, taking sanctuary in easing geopolitical tensions.  Back home, consumer price index ...

MONTHLY STAR

Business Standard Digital

Business Standard Digital Monthly Subscription
149.00  
subscribe
Complete access to the premium product
Convenient - Pay as you go
Pay using Master/Visa Credit Card & ICICI VISA Debit Card
Auto renewed (subject to your card issuer's permission)
Cancel any time in the future
Requires personal information

What you get?

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all the content on any device through browser or app.
  • Exclusive content, features, opinions and comment – hand-picked by our editors, just for you.
  • Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.
  • 18 years of archival data.

NOTE :

  • The product is a monthly auto renewal product.
  • Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
  • To cancel, communicate from your registered email id and send the email with the cancellation request to assist@bsmail.in. Include your contact number for speedy action. Requests mailed to any other ID will not be acknowledged or actioned upon.

SMART MONTHLY

Business Standard Digital

Business Standard Digital - 12 Months
1499.00
subscribe
Get 12 months of Business Standard digital access
Single Seamless Sign-up to Business Standard Digital
Convenient - Once a year payment
Pay using an instrument of your choice - Credit/Debit Cards, Net Banking, Payment Wallets accepted
Exclusive Invite to select Business Standard events

What you get

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all content on any device through browser or app.
  • Exclusive content, features, opinions and comment - hand-picked by our editors, just for you.
  • Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.

NOTE :

  • This product is a monthly auto renewal product.
  • Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
  • To cancel, communicate from your registered email id and send the mail with the request to assist@bsmail.in. Include your contact number for easy reference. Requests mailed to any other ID will not be acknowledged or actioned upon.
Markets end at five-week high; Sensex up 276 pts, Nifty settles at 10,093

Vinod Nair, Head of Research, Geojit Financial Services    Market has come out of the consolidation phase on account of continued uptrend in global market. Buying in metal and auto stocks with signS of improvement in demand added impetus to the market and closed near their fresh highs. Additionally, domestic macro data IIP & CPI inflation to be released today are expected to improve to 1.7% from -0.1% June and 3.2% vs 2.4% July, respectively.

Markets end at five-week high; Sensex up 276 pts, Nifty settles at 10,093

Mutual funds' flow into equities at two-year high   Till September 7 2017, MFs have pumped in a net Rs 73,428 crore in equities, surpassing their previous high recorded two years ago. During the entire calendar year 2015 (CY15), they had made a net investment of Rs 72,199 crore in equities. In CY15, MFs reported net inflow of Rs 48,170 crore. READ FULL REPORT

Markets end at five-week high; Sensex up 276 pts, Nifty settles at 10,093

Mahanagar Gas zooms 128% since listing Since July 1, 2016, the stock appreciated by 128% from Rs 520, against 18% rise in the Nifty 50 index. It zoomed 181% against its initial public offer (IPO) price of Rs 421 per share. READ FULL REPORT 

Markets end at five-week high; Sensex up 276 pts, Nifty settles at 10,093

Sensex heatmap at close  Source: BSE

Markets end at five-week high; Sensex up 276 pts, Nifty settles at 10,093

Broader markets hit fresh highs Broader markets outperformed to hit their fresh closing highs. The BSE Midcap and the BSE Smallcap indices added 1% each. 

Markets end at five-week high; Sensex up 276 pts, Nifty settles at 10,093

Markets at close   The Nifty50 index witnessed its second-best closing. The index settled at 10,093, up 87 points, while the Sensex closed at 32,158, up 276 points. 

Markets end at five-week high; Sensex up 276 pts, Nifty settles at 10,093

Equirus on DCB Bank   Given that 86% of DCB’s mortgage borrowers are self-employed, it could see some increase in mortgage NPLs in 2QFY18 due to the GST impact. However, we believe eventually, loss given defaults would be contained. Moreover, DCB has floating provisions of ~Rs 440 million. We have an ADD rating with an ERoE-based TP of Rs 210 corresponding to a 2.5x Sep’18 ABV of Rs 86.

Markets end at five-week high; Sensex up 276 pts, Nifty settles at 10,093

Top five gainers on Nifty as index nears 10,100 Source: NSE

Markets end at five-week high; Sensex up 276 pts, Nifty settles at 10,093

Why you should bank on gold in these uncertain times   Gold has rallied 3.48 per cent over the past one month and is now trading above the Rs 30,000-mark in the Indian market. In the international market too, it has breached the $1,300 per ounce mark — a level it had been unable to cross for about 10 months. READ FULL REPORT

Markets end at five-week high; Sensex up 276 pts, Nifty settles at 10,093

European markets   European bourses continued their relief rally, trading higher on Tuesday after stock markets in Asia and in the United States hit record highs as worries about Hurricane Irma and North Korea’s nuclear standoff eased.   All major trading centers and most sectors traded in positive territory as the The pan-European STOXX 600 index jumped to a one-month peak, although some investors questioned how sustainable current markets levels are. France's CAC 40 was up 0.4%, while Britain's FTSE 100 bucked the trend to lose 0.1%.

Markets end at five-week high; Sensex up 276 pts, Nifty settles at 10,093

Buzzing stock   NBCC (India) rose over 3% to Rs 214 on BSE after the company said it was awarded two contracts in the capacity of project management consultant.

First Published: Tue, September 12 2017. 15:35 IST
RECOMMENDED FOR YOU

Markets end at five-week high; Sensex up 276 pts, Nifty settles at 10,093

All that happened in Tuesday's trade

Extending gains for the fourth straight session, the benchmark indices ended higher with the Nifty50 ending near its crucial 10,100 level, its second-best closing ever, while the broader markets hit their fresh closing highs.     Sentiment turned positive after Asian markets hit a 10-year peak as North Korean fears eased slightly and the worst-case scenario from Hurricane Irma appeared to have subsided. European markets also took the lead from Asia, taking sanctuary in easing geopolitical tensions.  Back home, consumer price index ...

image
Business Standard
177 22