You are here: Home » Markets » News
Business Standard

MARKET WRAP: Sensex ends 284 points higher, Nifty at 10,768; midcaps shine

Mid-cap, small-cap stocks outperform. Among sectoral indices, the Nifty Realty index surged nearly 3% on Thursday, led by Unitech and Prestige Estates Projects

SI Reporter  |  New Delhi 

The markets ended higher on Thursday after the Reserve Bank of India's (RBI's) Monetary Policy Committee on Wednesday hiked repo rate by 25 bps to 6.25%, for the first time in four years, while maintaining a neutral stance.  The S&P BSE Sensex ended at 35,463, up 284 points while the broader Nifty50 index settled at 10,768, up 84 points. The S&P BSE Midcap index rose 1.40% today led by a rise in shares of SAIL and IDBI Bank, while the BSE Smallcap index settled nearly 2% higher led by Unitech and Ramkey Infrastructures. Among sectoral indices, the Nifty ...

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 Credit Cards and select Debit Cards (Issued by ICICI Bank only)
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.
  • Requires you to share personal information like date of birth, income, location amongst other fields. This information alongwith your contact information will be shared with the partners associated with this program, who contribute towards subsidizing the offer. By subscribing to this product you acknowledge and accept that our Partners may choose to contact you with offers of their products and services.
  • This is an optional offer - Not comfortable with sharing personal data - please opt for the full price offer which requires you to share minimal information

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

BS Digital + FREE Monthly access to The Wall Street Journal online

Business Standard Digital - 1 Month + FREE 1 Month access to
The Wall Street Journal online*
199.00
subscribe
FREE across device access to The Wall Street Journal online*
Convenient – Pay as you go
Pay using Credit Cards and select Debit Cards (Issued by ICICI Bank only)
Auto renewed (subject to your card issuer’s permission)
Cancel any time in the future
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.
  • 18 years of archival data.

ON THE wall street journal online

  • Seamless access to The Wall Street Journal online on any device with your Business Standard Digital account.
  • Experience the best of WSJ’s reporting, video and interactive features (More business executives read the journal globally than any other publication).
  • Get WSJ’s take on people and events shaping business, finance, technology, politics and culture.
  • Get WSJ newsletters in your inbox to make life easier on your busiest days.
  • Your access to The Wall Street Journal online is subject to you not being an existing user of The Wall Street Journal online. Existing users include current or past Premium Users of The Wall Street Journal online. If you happen to be one, your subscription will be valid for Business Standard Digital only without any change in the subscription price.

NOTE :

  • This product is a monthly auto renewal product.
  • If you have been a past Free/Registered User of The Wall Street Journal online - You will not be eligible for the seamless account creation on The Wall Street Journal online facility. Kindly  email us your non-confidential password on The Wall Street Journal online to enable us activate your access from the backend.
  • 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.

SMART ANNUAL

BS Digital + Free 12 Month Access to The Wall Street Journal online

Business Standard Digital - 12 Months + FREE 12 Months access to The Wall Street Journal online*
1999.00
subscribe
Get 12 months of The Wall Street Journal online worth Rs 17165 FREE*
Single Seamless Sign-up to Business Standard Digital and The Wall Street Journal online
Convenient - Once a year payment
Pay using Credit or Debit Card
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 your 5 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.

ON THE wall street journal online

  • Seamless access to The Wall Street Journal online on any device with your Business Standard Digital account.
  • Experience the best of WSJ's reporting, video and interactive features (More business executives read the journal globally than any other publication).
  • Get WSJ's take on people and events shaping business, finance, technology, politics and culture.
  • Get WSJ newsletters in your inbox to make life easier on your busiest days.
  • Your access to The Wall Street Journal online is subject to you not being an existing user of The Wall Street Journal online. Existing users include current or past Premium Users of The Wall Street Journal online. If you happen to be one, your subscription will be valid for Business Standard Digital only without any change in the subscription price.

NOTE :

  • Saving calculated at the current WSJ price - US $ 1 for the first 3 months and US $ 28.99 thereafter Conversion scale 1 US$ = 65.04 INR
  • If you have been a past Free/Registered User of The Wall Street Journal online - You will not be eligible for the seamless account creation on The Wall Street Journal online facility. Kindly  email us your non-confidential password on The Wall Street Journal online to enable us activate your access from the backend.
  • 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.

SMART ANNUAL

Business Standard Digital

Business Standard Digital - 12 Months
1999.00
subscribe
Pay as you go
Payment though credit card only
Auto renewed (Subject to your card issuer's permission)
Exclusive invite to select Business Standard events
Cancel any time in the future

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 your 5 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 :

  • 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.
MARKET WRAP: Sensex ends 284 points higher, Nifty at 10,768; midcaps shine

Nifty Realty index ends 2.97% higher. Top gainers: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) UNITECH 4.95 4.15 0.80 19.28 PRESTIGE ESTATES 254.90 233.05 21.85 9.38 GODREJ PROPERT. 790.00 726.20 63.80 8.79 BRIGADE ENTERPR. 248.60 231.10 17.50 7.57 H D I L 22.20 20.70 1.50 7.25

MARKET WRAP: Sensex ends 284 points higher, Nifty at 10,768; midcaps shine

Nifty sectoral gainers of the day

MARKET WRAP: Sensex ends 284 points higher, Nifty at 10,768; midcaps shine

BSE Sensex gainers and losers of the day

MARKET WRAP: Sensex ends 284 points higher, Nifty at 10,768; midcaps shine

Market at close   The S&P BSE Sensex ended at 35,463, up 284 points while the broader Nifty50 index settled at 10,768, up 84 points.

MARKET WRAP: Sensex ends 284 points higher, Nifty at 10,768; midcaps shine

PSU banks extend gain; IDBI Bank, Canara Bank up over 4% Shares of public sector undertaking (PSU) banks were trading higher for the second day in a row, gaining nearly 4%, after the Monetary Policy Committee (MPC) in its second bi-monthly policy for 2018-19 voted unanimously for a hike in policy repo rate of 25 bps, while retaining its neutral stance. READ MORE  

MARKET WRAP: Sensex ends 284 points higher, Nifty at 10,768; midcaps shine

Gold inches up as euro gains against dollar Gold prices inched up on Thursday as the euro rose to 2-week highs against the US dollar, with investors waiting for meetings of key central banks and the US-North Korea summit all due next week.   Spot gold was up 0.1 per cent at $1,297.46 per ounce, while US gold futures for August delivery were largely unchanged at $1,301.50 per ounce. READ MORE

MARKET WRAP: Sensex ends 284 points higher, Nifty at 10,768; midcaps shine

FDI inflows in India decline by 9% to $40 bn in 2017: UN report Foreign Direct Investment to India decreased to $40 billion last year from $44 billion in 2016 while outflows from India, the main source of investment in South Asia, more than doubled, according to a new trade report by the UN. READ MORE  

MARKET WRAP: Sensex ends 284 points higher, Nifty at 10,768; midcaps shine

Kwality extends fall despite board mulling bonus issue, share buyback   Shares of Kwality have dipped 5% to Rs 31.65 per share, extending their 30% fall in past seven trading days on the BSE, despite the company today saying that its board will consider share buyback or bonus issue proposal on June 20, 2018.   The meeting of the board of directors of the Company will be held on Wednesday, 20th June, 2018 to consider and approve the proposal for buyback of securities and/or bonus issue of securities; and recommendation of interim dividend. READ MORE

MARKET WRAP: Sensex ends 284 points higher, Nifty at 10,768; midcaps shine

Facing trouble, Indian public sector banks need leaders but are headless   India’s government-owned banks are becoming increasingly rudderless, just when they most need a firm hand at the top.   Four of the country’s 21 state banks have yet to appoint replacements for departed chief executive officers, and another has seen its CEO stripped of her powers due to fraud charges. Over the coming months, nine more of the lenders are due to lose their top executives, at a time when spiraling bad loans and an intensified crackdown on financial sector-corruption make the jobs less appealing than ever. READ MORE

MARKET WRAP: Sensex ends 284 points higher, Nifty at 10,768; midcaps shine

Market Check   S&P BSE Sensex 35,561.56 1.09%   Nifty 50 10,797.05 1.05%   S&P BSE 200 4,670.60 1.12%   Nifty 500 9,313.20 1.17%   S&P BSE Mid-Cap 15,938.61 1.30%   S&P BSE Small-Cap 16,778.43 1.89%

MARKET WRAP: Sensex ends 284 points higher, Nifty at 10,768; midcaps shine

ELSS: Smart way to save tax; here's how to pick a top performing one Tax planning forms an indispensable part of one’s financial plans. Under Section 80C of the Income Tax Act 1961, you can claim deductions of upto Rs 1.5L and reduce your tax liability. So, to save on taxes, you just need to invest your money in investments eligible under 80C. Equity Linked Savings Scheme (ELSS) is eligible under section 80C.   Out of all these investments, ELSS tends to be the most popular and most efficient tax-saving instrument. READ MORE  

First Published: Thu, June 07 2018. 15:30 IST
RECOMMENDED FOR YOU

MARKET WRAP: Sensex ends 284 points higher, Nifty at 10,768; midcaps shine

Mid-cap, small-cap stocks outperform. Among sectoral indices, the Nifty Realty index surged nearly 3% on Thursday, led by Unitech and Prestige Estates Projects

The markets ended higher on Thursday after the Reserve Bank of India's (RBI's) Monetary Policy Committee on Wednesday hiked repo rate by 25 bps to 6.25%, for the first time in four years, while maintaining a neutral stance.  The S&P BSE Sensex ended at 35,463, up 284 points while the broader Nifty50 index settled at 10,768, up 84 points. The S&P BSE Midcap index rose 1.40% today led by a rise in shares of SAIL and IDBI Bank, while the BSE Smallcap index settled nearly 2% higher led by Unitech and Ramkey Infrastructures. Among sectoral indices, the Nifty ...

image
Business Standard
177 22