Friday, 22 June, 2018

Nifty, Sensex Post Sixth Straight Weekly Gain

Bombay Stock Exchange Bombay Stock Exchange
Orlando Vargas | 13 January, 2018, 06:39

Wall Street's three major stock indexes hit record highs with earnings for S&P 500 companies expected to have increased by 11.8 per cent in the recently-ended quarter, according to Thomson Reuters I/B/E/S.

The 30-share BSE index Sensex jumped 88.90 points or 0.26 per cent to a record closing high of 34,592.39, while the 50-share NSE index Nifty closed at 10,681.25, up 30.05 points or 0.28 per cent. Both these indices outperformed the Sensex.

Globally, Asian stocks closed mostly higher after oil prices rallied overnight and China dismissed media reports that officials have recommended slowing or halting purchases of US debt.

Shares edged higher on Friday to a record close, boosted by surging financial and energy stocks, while investors awaited monthly inflation data for clues on the Reserve Bank's monetary policy.

The market breadth, indicating its overall health, was in favour of losers. The indexes posted a weekly advance of 1.3% and 1.2% respectively.

Ronaldo and Messi headline the 2017 UEFA Team of the Year
However, if scoring more goals than any other player in 2017 isn't worthy of a place in the side, then we're not quite sure what is.


Bungie Lays Out Long List of Improvements Planned for Destiny 2
On 30th January, Destiny 2 will add Masterwork armour, and the much-requested return of raid loot with raid-specific perks. After months of criticism and anger from the community, Bungie has finally addressed Destiny 2's microtransaction problem.


Infosys returns to high growth in Q3, net profit zooms 38.3%
The management added that the company has added one client in the $100 million band and three clients in the $75 million range. Parekh said the company is "progressing towards stability" and is well positioned to serve clients in the new areas of demand.


Dollar revenue may grow 1 percent to USD 2,754 million from USD 2,728 million QoQ.

Turnover in the cash segment rose to Rs 38,117.13 crore from Rs 35,305.76 crore as on Thursday.

After market hours on Friday, the company reported a more-than-38% jump in quarterly net profit as compared with the corresponding quarter of previous year.

Tata Consultancy Services dropped 0.6% after India' largest software company reported a 3.6% decline in net profit for the December quarter. The market capitalisation of listed firms on the NSE stood at Rs 1,53,21,627.92 crore.

On the macro front, the government is scheduled to announce industrial production data for November 2017 today, 12 January 2018. Sensex however snapped a 4-day streak of gains.

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