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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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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)

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

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

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

Nifty sectoral gainers and losers of the day

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

BSE Sensex: Hero MotoCorp, Bajaj Auto, M&M among top gainers of the day

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

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.

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

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  

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

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

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

YES Bank hits over 4-month low; stock falls 5% Shares of YES Bank hit an over four-month low of Rs 322 per share, down 5% on the BSE on the back of heavy volumes. The stock was the largest loser among the S&P BSE Sensex and Nifty 50 index READ MORE

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

Two-fold jump in gold imports in August as traders replenish inventory With the fall in gold prices internationally, jewellers and traders imported 100 tons gold in August to augment their inventories before falling rupee takes away the lower price advantage. However, the sudden jump in import has again raised current account deficit worries. READ MORE

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

Motherson Sumi Systems gains 5% as board approves 1:2 bonus shares Shares of Motherson Sumi Systems have surged 5% to Rs 306 per share on the BSE in the afternoon after the company said its board approved bonus shares in the ratio of 1:2 on completing 25 years of the listing of its equity shares on stock exchanges. READ MORE

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

Market Check Index Current Pt. Change % Change   S&P BSE SENSEX 38,317.02 +74.21 +0.19   S&P BSE SENSEX 50 12,107.44 +36.78 +0.30   S&P BSE SENSEX Next 50 34,886.78 +409.48 +1.19   S&P BSE 100 11,874.70 +51.82 +0.44   S&P BSE Bharat 22 Index 3,660.88 +7.82 +0.21

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

Data sharing woes impeding Sebi's several ongoing investigations Markets regulator Securities and Exchange Board of India (Sebi) is facing impediments with several ongoing investigations, on account of challenges around data sharing arrangements with other regulatory agencies. People in the know said several data requests made by Sebi in the past to other regulators, including the tax department and economic intelligence bureau, have not returned adequate responses. READ MORE  

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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