Equity indices trade in green, Sensex reclaims 34k intra-day
Mumbai: Key Indian equity indices traded with gains during the mid-afternoon session on Friday with healthy buying in auto, capital goods and consumer durables stocks.
The barometer 30-scrip Sensitive Index (Sensex) reclaimed the important 34,000-level to touch a high of 34,031.26 points during the intra-day trade.
Around 12.40 p.m., the Sensex, which opened at 33,889.39 points, traded at 33,992.93 points -- up 144.90 points or 0.43 per cent -- from its previous session's close.
The BSE market breadth indicated a bullish trend as 1,577 stocks advanced as compared to 989 declines.
On the National Stock Exchange (NSE), the broader Nifty50 traded higher by 32.80 points or 0.31 per cent at 10,510.70 points.
In another development, stocks of Reliance Communications (RCOM) surged by almost 34 per cent to a high of Rs 41.77 per share on the BSE after Reliance Jio Infocomm (RJIL), a subsidiary of Reliance Industries Limited, on Thursday announced signing of a "definitive agreement" for the acquisition of specified assets of RCOM and its affiliates.
It currently traded higher by 12.73 per cent at Rs 34.90 per scrip.
"Markets opened positive on the last trading day of the year 2017. RCOM surged over 30 per cent to Rs 41 after RJIL on Thursday said it will buy a majority of the wireless assets of RCOM," Dhruv Desai, Director and Chief Operating Officer of Tradebulls, told IANS.
"BSE rose four per cent after Sebi on Thursday approved amendments to the Stock Exchange and Clearing Corporation Regulations to allow all exchanges to offer trading in all segments such as commodities, equities, currency and debt from October 2018," he added.
On Thursday, the benchmark indices -- amid volatility -- closed on a flat note with marginal losses as caution prevailed on the day of derivatives expiry.
The Nifty50 slipped by 12.85 points or 0.12 per cent to close at 10,477.90 points, while the Sensex closed at 33,848.03 points -- down 63.78 points or 0.19 per cent.
The Border Roads Organisation has spent more than Rs 1,900 crore on construction and improvement of infrastructure on the north-western and north-eastern borders of India, the government said.
The population of tigers is on the rise, the government said today quoting preliminary census data.
Barely two weeks since launch, BSNL's internet telephony service 'Wings' has received over 4,000 bookings for the new offering that will allow users to dial any phone number in India through a mobile app, starting this week, its Chairman said today.
The National Green Tribunal has directed the Haryana government to restore 123 water bodies in Gurugram and Faridabad districts and assign each one of them a unique identification number within three months.
The government today set up a Group of Ministers (GoM) under Home Minister Rajnath Singh and a panel headed by the Home Secretary to deal with the growing number of lynching incidents.
The station, which was named after Lord Elphinstone, the Governor of Bombay Presidency from 1853 to 1860, has now been renamed in honour of a local deity.
Lavasa -an ultimate getaway, a city that would offer the charms of European locales, with five star comforts in a scenic part of Maharashtra has now become an abandoned town.
A second chargesheet by the ED has confirmed the trail of illegal cash Mallya transferred to his accounts across global tax havens.
Delayed payment by GMR-led DIAL, the Delhi airport operator, to the CISF guards could eventually lead to passengers paying more to fly out of the Indian Capital.
The West Bengal Police has claimed to have busted a Rs 100 crore plus job racket in the Indian Railways following a crucial arrest in the Indian Capital.