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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

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Market Wrap  |  Nifty  |  Sensex

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 ...

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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
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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 ...

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