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Market starts on a positive note, goes up 66 pts

The benchmark Sensex got off to a steady start today by rising 66 points and the Nifty hovered above 9,600 on the back of a firm Asian trend.
The 30-share index advanced 65.89 points, or 0.21 per cent, to 31,311.45 in early session. It was realty, healthcare, auto and capital goods that showed promise, rising by up to 1.30 per cent.
The gauge had gained 35.77 points in a range-bound trade yesterday. The NSE index Nifty also inched up 16 points, or 0.16 per cent, to 9,653.60.

$400b forex reserves looks well within reach

India’s forex reserves are rising fast to breach the $400 billion level. As of June 23, forex reserves have gone up to a record high of $383 billion, a $14 billion increase since April. This has been on account of a rise in foreign currency assets of the Reserve Bank of India (RBI), which has been buying dollars to limit the appreciation of the rupee.

Sensex edges up 36 pts in range-bound trade, global cues

The Sensex made a mild recovery to close 36 points higher at 31,245.56, backed by uninterrupted buying by domestic institutional investors amid positive global cues.
After a strong opening, the BSE 30-share gauge advanced to hit a high of 31,284.64 but succumbed to profit-booking and hit a low of 31,177.78 before settling at 31,245.56, up 35.77 points, or 0.11 per cent. It remained range-bound throughout the day.
The gauge had shed 11.83 points in the previous session.

Sensex advances, blue-chips provide hope

The Sensex moved up 75 points in early session today as support came in from blue-chip stocks amid a mixed movement in Asia.
The 30-share index was trading higher by 74.85 points, or 0.23 per cent, at 31,284.64. Sectoral indices led by oil and gas, power and realty went higher.
The gauge had lost 12 points in the previous session. The NSE Nifty too edged up 7.80 points, or 0.08 per cent, to 9,621.10.
A mixed trend prevailed at other Asian bourses. Major gainers that backed the key indices were Reliance Industries, M&M, Sun Pharma and Adani Ports.

Sensex loses gains, ends negative on geo-political tension

The benchmark Sensex gave up its early gains to end in the red today, breaking its three-day winning spell, amid weak global cues due to geo-political concerns.
Tension flared up on the Korean peninsula after North Korea launched a missile ahead of the G-20 meet slated to begin in Hamburg this weekend.
The Sensex started higher and even touched a high of 31,353.46, but worries about the missile launch spooked investors towards the fag end. The gauge settled at 31,209.79, down 11.83 points, or 0.04 per cent, in line with weak Asian shares.

Sensex rallies 132 pts on overall GST momentum

The GST feel-good went some notches higher as the Sensex rallied 132 points today -- bringing up gains for the fourth straight day -- with metal, banking and realty stocks ticking all the right boxes.
Asian cues offered hope, backed by a record close in the US, which emboldened investors.
The 30-share index was up 131.84 points, or 0.42 per cent, at 31,353.46. Sectoral indices led by metal, realty, power, consumer durables, oil and gas, auto and banking made headway.

Dalal Street gives thumbs up to GST launch

Equity market investors welcomed the new tax regime that became a reality from July1 with the GST launch. On Monday, the first day of trading after GST rollout, market benchmarks Sensex and Nifty-50 gained close to one per cent, registering the highest one day gain in last one month period, ending a long period of cautious trading.
Sensex gained 300 points or 0.97 per cent at 31,221.62 and Nifty-50 closed 94.10 points or 0.99 per cent up at 9,615.00. Stocks in the broader market were also up with BSE Mid-cap index up 1.13 per cent and BSE Small-cap index up 1.05 per cent.

ITC leads surge in cigarette stocks

Shares of cigarette manufacturers rallied on Monday after the finance ministry announced withdrawal of additional excise duty on tobacco, cigarettes and pan masala with effect from July 1 following the implementation of goods and services tax (GST).
ITC made its biggest gains in a year, becoming the fourth company to cross Rs 4 lakh crore in market capitalisation. Shares of Godfrey Philips India and VST Industries too gained ground on the positive news.

Investors bet big on fertiliser firms

Fertiliser companies were the favourites in the equity market on Monday as traders and investors bet on them as the government has lowered the GST rate applicable on the eve of the rollout.

Delta may buy stake in Jet

A series of marketing alliances between Jet Airways and Delta Air Lines over the last few months is fuelling speculation that the latter may pick up a stake in the Naresh Goyal-controlled
carrier.
Jet Airways, however, denied any discussion with the American carrier for stake sale, saying it was only in the realm of speculation. In a clarification to BSE, the airline said it was committed to making appropriate disclosures in accordance with applicable regulations to avoid any speculative activities.

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