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MARKET WRAP: Sensex ends 373 pts up as rupee recovers; PM eco meet eyed

In the broader markets, the S&P BSE MidCap settled 1.6 per cent higher and the S&P BSE SmallCap rose 1.4 per cent.

SI Reporter  |  New Delhi 

The equity markets settled 1 per cent higher on Friday as the rupee recovered against the dollar. The S&P BSE Sensex reclaimed the 38,000 mark to end at 38,091, up 373 points while the broader Nifty50 index settled at 11,515, up 145 points. In the broader markets, the S&P BSE MidCap settled 1.6 per cent higher and the S&P BSE SmallCap rose 1.4 per cent. Among sectoral indices, the Nifty Pharma index settled 2.5 per cent higher led by a rise in the share prices of Divi's Laboratories and Piramal Enterprises. On the other hand, the ...

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MARKET WRAP: Sensex ends 373 pts up as rupee recovers; PM eco meet eyed

Nifty Pharma index ends 2.51% higher. Top gainers: COMPANY LATEST PREV CLOSE GAIN() GAIN(%) KIOCL 226.50 188.75 37.75 20.00 DEN NETWORKS 59.60 49.70 9.90 19.92 BAJAJ HINDUSTHAN 8.50 7.15 1.35 18.88 SH.RENUKA SUGAR 14.80 12.90 1.90 14.73 BALRAMPUR CHINI 88.65 78.00 10.65 13.65

MARKET WRAP: Sensex ends 373 pts up as rupee recovers; PM eco meet eyed

Nifty sectoral gainers and losers of the day

MARKET WRAP: Sensex ends 373 pts up as rupee recovers; PM eco meet eyed

BSE Sensex: Vedanta, Power Grid, Asian Paints among top gainers of the day

MARKET WRAP: Sensex ends 373 pts up as rupee recovers; PM eco meet eyed

Market at close The S&P BSE Sensex reclaimed the crucial 38,000 level to settle at 38,091, up 373 points or 1 per cent while NSE's Nifty50 index ended 145 points or 1.28 per cent higher at 11,515. 

MARKET WRAP: Sensex ends 373 pts up as rupee recovers; PM eco meet eyed

Lesson from Lehman crisis: Stay invested in equities even in bleak times It has been 10 years since Lehman Brothers collapsed. This watershed event had an impact on financial markets and economies around the globe. In India, the benchmark Sensex shed a staggering 52.48 per cent during the calendar year 2008. Liquidity dried up within the debt market, while the real estate industry was hamstrung by lack of funding. Job losses and salary cuts led to demand contraction. A decade later, investors need to imbibe the lessons from that black swan event so that if another one of a similar magnitude strikes, they are better prepared to handle it. READ MORE

MARKET WRAP: Sensex ends 373 pts up as rupee recovers; PM eco meet eyed

Brokerages urge Sebi to modify plan to extend derivatives trading hours Brokerages are urging India’s market regulator to modify a plan to extend equity derivatives trading hours due to concerns over their readiness and the costs of implementing the proposal, according to people with knowledge of the matter.   Local and foreign brokers have asked the Securities & Exchange Board of India (Sebi) to postpone until January its plan to introduce longer trading hours, citing the need for more testing, the people said. READ MORE

MARKET WRAP: Sensex ends 373 pts up as rupee recovers; PM eco meet eyed

10 years of Lehman collapse: What has changed since, and what has not In the 10 years since storied investment bank Lehman Brothers collapsed, sending shock waves through the world of international finance and sparking a lengthy global financial crisis, what is perhaps most surprising to many observers is that so little has changed. The genuine changes are, however, under the surface — and those too need to be examined carefully to see if they still retain their usefulness and significance as crisis resolution becomes less of a priority. READ MORE

MARKET WRAP: Sensex ends 373 pts up as rupee recovers; PM eco meet eyed

India's fuel demand rose 0.8% year on year in August India's fuel demand rose 0.8 per cent in August compared with the same month last year. Consumption of fuel, a proxy for oil demand, totalled 16.60 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed. READ MORE An employee stands next to a pump at a fuel station in New Delhi | Photo: Reuters

MARKET WRAP: Sensex ends 373 pts up as rupee recovers; PM eco meet eyed

India-focused investors' fundraising in Jan-Aug sees 109% annual growth Fundsraising by India-focused investors — both intended and actual — in the first eight months of this calendar year has increased by more than 100 per cent to $5.32 billion from $2.55 billion during the same period last year. In terms of volume, the number of deals during the January-August period rose by 48 per cent to 37 from 25 last year. READ MORE

MARKET WRAP: Sensex ends 373 pts up as rupee recovers; PM eco meet eyed

Ten years on, why the country is unlikely to revisit the Lehman crisis On September 15, 2008, fear ruled the street. The collapse of Lehman Brothers had left the financial system tottering. In the 25 years I have spent in the banking industry, I had never seen any other international event having such a huge impact on India. Talks of job losses were rife, and many jobs were actually lost. READ MORE

MARKET WRAP: Sensex ends 373 pts up as rupee recovers; PM eco meet eyed

Market Check Index Current Pt. Change % Change   S&P BSE SENSEX 38,032.05 +314.09 +0.83   S&P BSE SENSEX 50 12,017.70 +117.07 +0.98   S&P BSE SENSEX Next 50 34,536.46 +629.51 +1.86   S&P BSE 100 11,781.88 +129.90 +1.11   S&P BSE Bharat 22 Index 3,641.11 +45.92 +1.28 (Source: BSE)

First Published: Fri, September 14 2018. 08:25 IST
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MARKET WRAP: Sensex ends 373 pts up as rupee recovers; PM eco meet eyed

In the broader markets, the S&P BSE MidCap settled 1.6 per cent higher and the S&P BSE SmallCap rose 1.4 per cent.

The equity markets settled 1 per cent higher on Friday as the rupee recovered against the dollar. The S&P BSE Sensex reclaimed the 38,000 mark to end at 38,091, up 373 points while the broader Nifty50 index settled at 11,515, up 145 points. In the broader markets, the S&P BSE MidCap settled 1.6 per cent higher and the S&P BSE SmallCap rose 1.4 per cent. Among sectoral indices, the Nifty Pharma index settled 2.5 per cent higher led by a rise in the share prices of Divi's Laboratories and Piramal Enterprises. On the other hand, the ...

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