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Sensex, Nifty end higher for fourth straight session; Infosys gains 3%

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SI Reporter  |  New Delhi 

Benchmark indices ended higher on Monday, gaining for a fourth consecutive session of gains with Nifty settling above 9,900, as index heavyweight Infosys surged on the first day of trading since the appointment of co-founder Nandan Nilekani as chairman on hopes that the move would help defuse a months-long row between the founders and the board. Infosys shares ended 3% higher after earlier rising as much as 4.6% on hopes that the appointment would provide some much needed stability to the company that has been reeling since the shock resignation of Chief Executive Vishal ...

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Sensex, Nifty end higher for fourth straight session; Infosys gains 3%

Analyst View   Jayant Manglik, President, Retail Distribution at Religare Securities: Nifty gained over half a percent today amid volatility. It opened with an uptick and remained range bound thereafter due to lack of follow-up buying. The prevailing dullness in our markets can be attributed to the recently concluded earnings season, which failed to cheer the participants at large. And now, the anxiety of derivatives expiry has taken over.    Things would be clear by the end of this week. Meanwhile, focus on risk management aspect and keep a close on upcoming data viz. GDP, auto sales for further cues. 

Sensex, Nifty end higher for fourth straight session; Infosys gains 3%

Infosys top gainer Infosys shares ended 3% higher after earlier rising as much as 4.6% on hopes that the appointment would provide some much needed stability to the company that has been reeling since the shock resignation of Chief Executive Vishal Sikka, who waged an acrimonious battle with the founders for months over alleged corporate governance lapses.

Sensex, Nifty end higher for fourth straight session; Infosys gains 3%

Sectoral index chart PSU Bank was the only index that ended in red on NSE.  Source: NSE

Sensex, Nifty end higher for fourth straight session; Infosys gains 3%

IT stocks led the gains. The Nifty IT index rose as much as 1.3%, gaining for a fourth straight session. It ended 0.8% higher. Source: NSE

Sensex, Nifty end higher for fourth straight session; Infosys gains 3%

Top gainers and losers on BSE Sensex Source: BSE

Sensex, Nifty end higher for fourth straight session; Infosys gains 3%

Broader Markets Broader makrets outperformed benchmark indices with BSE Midcap and BSE Smallcap rising over 1% each

Sensex, Nifty end higher for fourth straight session; Infosys gains 3%

Markets at close Benchmark indices ended higher on Monday, gaining for a fourth consecutive session of gains, as index heavyweight Infosys surged on the first day of trading since the appointment of co-founder Nandan Nilekani as chairman on hopes that the move would help defuse a months-long row between the founders and the board.   The S&P BSE Sensex ended at 31,751, up 155 points while the broader Nifty50 index was ruling at 9,912, up 55 points.

Sensex, Nifty end higher for fourth straight session; Infosys gains 3%

India Inc on record fundraising spree; Rs 62,000-crore IPOs filed with Sebi READ THE STORY HERE

Sensex, Nifty end higher for fourth straight session; Infosys gains 3%

BUZZING STOCK Dr Reddy's Laboratories fell over 2% after it said that a law firm representing an investor filed a class action lawsuit in New Jersey against the company, its CEO and CFO.

Sensex, Nifty end higher for fourth straight session; Infosys gains 3%

DLF extends fall Realty major DLF fell nearly 5% despite the audit committee approved the deal between the company and GIC for stake sale in rental arm DLF Cyber City Developers.

Sensex, Nifty end higher for fourth straight session; Infosys gains 3%

Oil Check Oil markets were roiled on Monday after Hurricane Harvey wreaked havoc along the US Gulf coast over the weekend, knocking out numerous refineries and some crude production.   Gasoline prices hit two-year highs as massive floods caused by the storm forced refineries across the US Gulf Coast to shut down.   In crude markets, Brent futures were pushed up by pipeline blockades in Libya, but US crude futures eased as the US refinery shutdowns could reduce demand for American crude.

First Published: Mon, August 28 2017. 15:30 IST
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Sensex, Nifty end higher for fourth straight session; Infosys gains 3%

Catch all that happened in the market here

Benchmark indices ended higher on Monday, gaining for a fourth consecutive session of gains with Nifty settling above 9,900, as index heavyweight Infosys surged on the first day of trading since the appointment of co-founder Nandan Nilekani as chairman on hopes that the move would help defuse a months-long row between the founders and the board. Infosys shares ended 3% higher after earlier rising as much as 4.6% on hopes that the appointment would provide some much needed stability to the company that has been reeling since the shock resignation of Chief Executive Vishal ...

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