Nifty continues to rule firm for 3rd day, up 7 points

Sensex gains 322 points Nifty up by 103 points

"Infosys was the top gainer on both the indices after saying its board will consider a proposal to buy back shares", Dhruv Desai, Director and Chief Operating Officer of Tradebulls, told IANS.

Sentiment was also upbeat across global markets with Asian shares advancing as tensions between the US and North Korea came off the boil, although the Federal Reserve's concerns about weak USA inflation weighed on the dollar.

■ 12.32pm: BSE Sensex trades higher by 54 points, or 0.17%, to 31,825, while the Nifty 50 rises 25 points, or 0.25%, to 9,922. State Bank of India had cut deposit rates on most of its savings accounts to a six-year low last month to boost net interest margins, prior to the interest rate cut by the Reserve Bank of India.

Cigarette stocks gained. VST Industries jumped 3 percent, Godfrey Phillips India advanced 6 percent while ITC rose 1 percent.

Meantime, Indian rupee was trading at 64.005 down 0.010 paisa or 0.02% against the U.S. benchmark dollar. Trading will resume on Friday.

Indian shares ended lower in a volatile trading session on Friday, ahead of the expiry of futures and options contracts next week, with indexes posting. At the National Stock Exchange (NSE), the broader 51-scrip Nifty, which had closed at 9,897.30 points, was quoting at 9,924.60 points, up by 27.30 points or 0.28 per cent.

However, market observers opined that a mixed trend observed in the global markets, coupled with profit booking in automobile and banking stocks, pared gains. The 31-scrip index was trading at 31,837.21 up 67 points or 0.21%, while the 51-scrip index surged by almost 28 points or 0.28% trading at 9,924.80. The Sensex was up 43.94 points at 31814.83.

The 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 31,919.17 points, traded at 31,834.45 points - up 63.56 points, or 0.20 per cent, from its previous close at 31,770.89 points.

Nifty too was leading in the green by 0.25% to 9921.80.

Top five Sensex gainers were Infosys (+4.9%), Coal India (+4.62%), NTPC (+2.41%), Bharti Airtel (+2.11%) and Reliance (+0.75%), while the major losers were Cipla (-1.29%), Adani Ports (-1.06%), Maruti (-0.93%), Kotak Bank (-0.85%) and HUL (-0.77%).

Related:

Comments

Latest news

FIBA Asia Cup 2017 quarterfinals result: South Korea defeats Gilas Pilipinas
Terrence Romeo exploded in the second quarter with a total 22 points, putting a scare on the East Asian team. SOUTH KOREA 118 - Oh 22, Kim S. 21, Kim J.

NASA declares: All roads lead to the Supreme Court
Life is returning to normal and residents of the capital are "safe and secure", said Nairobi police chief Japheth Koome. He has rejected the results, which gave Kenyatta , 55, a second term with 54 per cent of the vote.

Apple Is Ready to Invest $1 Billion in Original Video Content
Considering Netflix and Amazon have had head starts and bigger budgets, Apple will need so much more to milk its video offering. In June, Apple picked up two Sony TV execs to help with the original programming initiative.

Major German air carrier files for insolvency
At the time, those included Etihad and its airport services subsidiary, Air Berlin, Alitalia, Air Serbia and Air Seychelles Ltd. Meanwhile, Lufthansa said it was in talks to take over parts of airberlin's business, a Reuters report said.

Other news