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MARKET WRAP: Sensex climbs 147 pts as rupee firms; auto, metal stocks rally

Among the sectoral indices, the Nifty Auto index settled 2.2 per cent higher led by a rise in the share prices of Hero MotoCorp, Bajaj Auto, Mahindra and Mahindra, and Tata Motors.

SI Reporter  |  New Delhi 

Markets, Stocks, BSE, NSE, SENSEX
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Nifty Auto index ends 2.20% higher. Top gainers: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) HERO MOTOCORP 3329.35 3164.85 164.50 5.20 BAJAJ AUTO 2923.55 2783.10 140.45 5.05 MOTHERSON SUMI 303.15 290.70 12.45 4.28 M & M 973.70 934.95 38.75 4.14 TVS MOTOR CO. 589.85 569.70 20.15 3.54 Nifty sectoral gainers and losers of the day BSE Sensex: Hero MotoCorp, Bajaj Auto, M&M among top gainers of the day Markets at close The S&P BSE Sensex ended at 38,390, up 147 points while the broader Nifty50 index settled at 11,589, up 52 points. Iron ore output to rise 5% in FY19 on stable demand from infra, auto Domestic iron ore production is projected to grow by five per cent in 2018-19, helped by a stable demand from the infrastructure and automobile industries. Apart from the anticipated growth in production, demand for iron ore inside the country will be met by the accumulated ore stocks at mine heads, chiefly in the states of Odisha and Jharkhand which between them account for 80 per cent of the piled up inventory. READ MORE   State Bank of India says Anshula Kant appointed MD Top lender State Bank of India said on Friday that the government had appointed Anshula Kant as the bank's managing director. READ MORE

The benchmark indices ended higher on Friday aided by strong gains in automobiles and metal stocks after the rupee firmed against US dollar.

The S&P BSE Sensex ended at 38,390, up 147 points while the broader Nifty50 index settled at 11,589, up 52 points.

Among the sectoral indices, the Nifty Auto index settled 2.2 per cent higher led by a rise in the share prices of Hero MotoCorp, Bajaj Auto, Mahindra and Mahindra, and Tata Motors. Nifty Metal index, too, rose 1.9 per cent led by MOIL and Jindal Steel & Power.

Firm rupee

The rupee was trading higher by 24 paise to 71.75 against the US currency in late morning deals on Friday due to sustained bouts of dollar selling from banks and exporters.

Earlier, the rupee resumed slightly higher at 71.95 against yesterday's closing level of 71.99 a dollar at the interbank foreign exchange market here. READ MORE

Global Markets

Asian shares carved out a 14-month trough on Friday as investors feared a new salvo of Sino-US tariffs could come at any moment, while a slump in US chip stocks rippled through the tech-heavy region.

MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.3 per cent, having earlier reached its lowest since mid-July last year. The Nikkei shed 0.8 per cent, undermined by a rising yen and reports US President Donald Trump could be contemplating taking on Japan over trade. Chinese blue chips managed a 0.5 per cent bounce as beaten-down healthcare stocks found buyers after taking a savaging in recent months amid vaccine scandals.

(with wire inputs)

First Published: Fri, September 07 2018. 08:13 IST
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MARKET WRAP: Sensex climbs 147 pts as rupee firms; auto, metal stocks rally

Among the sectoral indices, the Nifty Auto index settled 2.2 per cent higher led by a rise in the share prices of Hero MotoCorp, Bajaj Auto, Mahindra and Mahindra, and Tata Motors.

The benchmark indices ended higher on Friday aided by strong gains in automobiles and metal stocks after the rupee firmed against US dollar.

The S&P BSE Sensex ended at 38,390, up 147 points while the broader Nifty50 index settled at 11,589, up 52 points.

Among the sectoral indices, the Nifty Auto index settled 2.2 per cent higher led by a rise in the share prices of Hero MotoCorp, Bajaj Auto, Mahindra and Mahindra, and Tata Motors. Nifty Metal index, too, rose 1.9 per cent led by MOIL and Jindal Steel & Power.

Firm rupee

The rupee was trading higher by 24 paise to 71.75 against the US currency in late morning deals on Friday due to sustained bouts of dollar selling from banks and exporters.

Earlier, the rupee resumed slightly higher at 71.95 against yesterday's closing level of 71.99 a dollar at the interbank foreign exchange market here. READ MORE

Global Markets

Asian shares carved out a 14-month trough on Friday as investors feared a new salvo of Sino-US tariffs could come at any moment, while a slump in US chip stocks rippled through the tech-heavy region.

MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.3 per cent, having earlier reached its lowest since mid-July last year. The Nikkei shed 0.8 per cent, undermined by a rising yen and reports US President Donald Trump could be contemplating taking on Japan over trade. Chinese blue chips managed a 0.5 per cent bounce as beaten-down healthcare stocks found buyers after taking a savaging in recent months amid vaccine scandals.

(with wire inputs)

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