giftedviz.com
giftedviz.com September 20, 2018


Benchmark indices surge ahead of release of industrial production data

13 March 2018, 03:43 | Austin Hogan

Benchmark indices surge ahead of release of industrial production data

Sensex up over 250 points Nifty above 10,300-mark

On a weekly basis, the barometer 30-scrip Sensitive Index (Sensex) of the BSE shed 739.8 points or 2.17 per cent to close at 33,307.14 points.

Most global markets have turned positive following U.S. data indicating abating inflationary pressure, which lowered the chances of an interest rate hike in the near future. The share indices traded on a firm note with broad based gains, led by consumption-themed stocks.

Meanwhile, the benchmark BSE Sensex rose by 301.55 points, or 0.90 per cent, to 33,608.69 in opening trade today. "After 10 per cent correction from the all-time high levels surrounded by whole host of negatives (especially from banking sector), Indian markets had phenomenal day with frontline indices rallying +2 per cent offering much needed cheer and relief to the investors".

Asian stocks from Tokyo to Sydney gained as trade war concerns took a backseat to economic optimism following a United States jobs report on Friday that showed that the American economy continued to strengthen without the prior month's rapid wage gains that stoked inflation fears.

Trump botches the election scorecard again
He said his unprecedented meeting could go two very different ways: "We may leave fast" or strike one of history's greatest deals. And, always the showman, he dropped a bit of news, revealing the slogan for his 2020 re-election campaign: Keep America Great.


A Wrinkle In Time With Jennifer Lee
Characters zip from one planet to the next with little connective tissue, and we must accept each narrative jolt at face value. Even when working with a major studio and a major property, she has made a movie that's completely her own, flaws and all.


Scott signs school safety bill
The state teachers union urged Scott in a letter Thursday to use his line-item power to veto funding for the Guardian program. Scott previously said he believed it was the job of the police to protect students at teachers from shooters.


The US Labor Department said that non-farm payroll employment surged up by 313,000 jobs in February, the biggest gain since mid-2016.

Global markets rallied after the U.S. data indicated that non-farm payrolls jumped from last month, but annual growth in average hourly earnings slowed after a spike in January, easing fears of inflation and speculation the Federal Reserve would project four rate hikes instead of the current three.

The benchmark indices have lost ground in seven of the last nine trading sessions.

On the sectoral front, Realty, Bank, Capital Goods, Metal, Oil & Gas, FMCG and Information Technology were top gaining indices on BSE while on the flip side; there was no losing indices on BSE. "Participants will react to macro-economic data - IIP and CPI inflation - in early trade on Tuesday". At 11.06 a.m, the Sensex was trading up 317.57 points or 0.95% at 33,624.71 with 24 components gaining. Foreign investors started selling in the equity market after Budget presentation in February which also coincided with the rise in bond yields in the US.



Other News

Trending Now

Light snow possible Monday
The heaviest snow should wind down early Tuesday evening, but the Tuesday evening commute may be significantly impacted. Temperatures will then drop after the sun sets, inviting a chance for sleet and snow flurries after 3 a.m.

Analysts Are Gushing Over Synchrony Financial (SYF), Bristol-Myers Squibb Company (BMY)
Analysts await Caterpillar Inc. 2/28/2018-DZ Bank was Downgraded by analysts at DZ Bank from a "Buy " rating to a " Hold" rating . Gilman Hill Asset Lc invested 0.31% of its portfolio in Bristol-Myers Squibb Company (NYSE: BMY ). (NYSE:HD) for 117,734 shares.

Mesut Ozil breaks Eric Cantona's Premier League assists record
Cech's save from Deeney was the first penalty he has saved in an Arsenal shirt on his 16th attempt. "He had to wait a while to save a penalty and it's quite fortunate it was against Deeney".

Syracuse grad Sean McDonough leaving 'Monday Night Football' for ESPN college football
Jon Gruden's return to the sideline has prompted a full-on reboot of ESPN's " Monday Night Football ". The NY Post is reporting that Joe Tessitore will be Monday Night Football's new play-by-play man.

How has Shami responded to the allegations made by his wife?
Jahan on Friday disclosed that several of Shami's relatives had been trying to call her ever since she made the police complaint. Following all the events, Shami's annual contract has also been withheld by the Board of Control for Cricket in India ( BCCI ).

No. 15 Arizona, USC battle for Pac-12 crown
This was the third straight year, and sixth time in seven seasons, the Buffaloes and Wildcats have met in the Pac-12 Tournament. There shouldn't be a debate whether the gargantuan freshman is the most dominant player in college basketball.

Cenk Tosun and Bong scores as Everton beats Brighton
Once the first goal goes in it lifts the crowd here and it becomes very hard . A striker should really only be judged on the goals they score .

Giants CB Rodgers-Cromartie may take pay cut
He followed up with six interceptions, which tied a career high, in 2016 and earned second-team All-Pro honors. The Giants released Dominique Rodgers-Cromartie after he reportedly refused to take a pay cut to stay in NY .

Florida Gov. Rick Scott Signs Gun Bill, NRA Sues To Stop It
Many survivors of the school shooting had called for the bill - which narrowly passed the House and Senate - to go further. Several students texted CNN's Dianne Gallagher with their excitement about Scott signing the measures.

BJP names Rajeev Chandrasekhar as Rajya Sabha candidate from Karnataka
In the 245-member Upper House of Parliament, Uttar Pradesh has 31 seats being the most populous state of the country. In the UP Assembly, the BJP and its allies now have 324 seats (BJP's Noorpur MLA died recently in a road accident).