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Sensex rises for 8th straight session; Nifty reclaims 10500

16 April 2018

The correction in the market was witnessed as traders reacted negatively to a report from the University of MI showing a bigger than expected drop in consumer sentiment in the month of April.

Indian markets are expected to trade with a negative bias as tension in Syria escalates leading to a surge in crude oil prices.

According to government data, wholesale inflation eased marginally to 2.47 per cent in March on cheaper food articles, especially pulses and vegetables.

Released code name Samsung Galaxy Note 9
Separately, MobielKopen has spotted a patent filed by Samsung in China that describes a display notch similar to iPhone X . While it's still not confirmed, Samsung is likely to launch the Galaxy Note 9 as early as July or August.

Losses in the market were led by IT stocks which fell tracking selloff in Infosys shares.

The US Dow Jones Industrial Average ended 0.50 per cent lower in Friday's trade.

Infosys followed Tata Motors and lost over 3.10% at 1,132 level after the firm cut its margin guidance for FY19, and disclosed plan to sell Panaya and Skava during its Q4 earnings announcement on Friday.

Shots fired at residence of Supreme Court judge Justice Ijaz Ul Ahsan
These Sicilian-mafia-like tactics to pressurise senior judiciary are unacceptable in any democracy. On Sunday, gunshots were fired at the house of Justice Ahsan twice within the span of a few hours.

The barometer 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 33,944.73 points, traded at 34,147.31 points (12.58 p.m.) - down 45.34 points or 0.13 per cent from its previous session's close.

The BSE market breadth was, however, bearish with 1,430 declines and 1,232 advances.

However, towards the middle of the session, revival of buying, spread over a broad front, helped wiping out initial losses and touched the day's high of 34,341.46 before settling higher by 112.78 points, or 0.33%, at 34,305.43.

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And he chose to take Halliday off, sparking an angry reaction from the midfielder. "I wouldn't have been happy", Murty said. But when it comes to one against one, you have to actually get up closer to your opponent than we did in the first period.

Other major losers in the Nifty50 pack were Tata Motors, Wipro, Axis Bank, ONGC, NTPC, RIL, Dr Reddy's SBI, Bharti Airtel, ICICI Bank, Maruti Suzuki, Asian Paint and Tata Steel, falling by up to 1.54 per cent.

Sensex rises for 8th straight session; Nifty reclaims 10500