Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
Powered by cricketnext logo
»
1-min read

Sensex Extends Gains, Up 103 Points Despite Weak IIP Data

The GST Council on Friday provided some relief to several sectors by slashing tax rates on a host of consumer items -- from chewing gums to detergents -- to 18 per cent from the current 28 per cent.

PTI

Updated:November 13, 2017, 10:09 AM IST
facebookTwitterskypewhatsapp
Sensex Extends Gains, Up 103 Points Despite Weak IIP Data
Representative image.
Loading...

Mumbai: The benchmark BSE Sensex extended gains for the third straight day by jumping 103 points on Monday on continuous buying by investors despite disappointing macroeconomic data.

The GST Council on Friday provided some relief to several sectors by slashing tax rates on a host of consumer items -- from chewing gums to detergents -- to 18 per cent from the current 28 per cent.

It also trimmed the list of items in the top 28 per cent tax rate category to just 50.

A better trend at other Asian markets brightened mood. The 30-share barometer, which had gained 95.75 points in the previous two straight sessions, was trading higher by 102.74 points, or 0.30 per cent, at 33,417.30. IT, technology, consumer durables, bank and auto stocks led the gains, rising by up to 0.75 per cent.

On similar lines, the NSE Nifty was up by 11.25 points, or 0.10 per cent, at 10,333 points.

Traders said sentiment remained upbeat despite industrial production grew at a slower pace of 3.8 per cent in September, mainly due to subdued performance of the manufacturing sector coupled with contraction in output of consumer durables. Factory output measured in terms of the Index of Industrial Production (IIP) rose 5 per cent in September 2016 and 4.5 per cent in August this year, data released by the Central Statistics Office (CSO) showed on Friday.

Major gainers that supported the upmove were M&M, Axis Bank, Hindustan Unilever, TCS, SBI and NTPC, rising by up to 2.10 per cent.

A firm trend at other Asian markets ahead of the release of Chinese economic data later in the week buoyed sentiment.

Globally, Hong Kong's Hang Seng was up 0.23 per cent, Shanghai's Composite rose 0.34 per cent and Japan's Nikkei fell 0.68 per cent.

The US Dow Jones Industrial Average ended 0.17 per cent lower on Friday.

| Edited by: Sanchari Chatterjee
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
Indiabulls Hsg 555.50 -8.90
Yes Bank 103.20 -5.58
Tata Steel 494.10 4.62
Reliance 1,277.35 -0.28
IndusInd Bank 1,381.35 -1.96
Company Price Change %Gain
Indiabulls Hsg 555.40 -8.91
Yes Bank 103.25 -5.54
Reliance 1,277.50 -0.39
Atul 3,976.50 -0.02
Indiabulls Real 109.45 -2.49
Top Gainers
Company Price Change %Gain
Tata Steel 494.10 4.62
Zee Entertain 353.00 4.02
Kotak Mahindra 1,497.80 2.46
NTPC 134.65 1.70
Titan Company 1,275.10 1.40
Company Price Change %Gain
Tata Steel 494.50 4.60
Kotak Mahindra 1,498.40 2.44
NTPC 134.60 1.58
Power Grid Corp 200.80 1.57
HDFC 2,178.30 1.11
Top Losers
Company Price Change %Gain
Indiabulls Hsg 555.50 -8.90
Yes Bank 103.20 -5.58
UPL 950.30 -4.94
Adani Ports 407.70 -3.25
Cipla 533.70 -2.54
Company Price Change %Gain
Yes Bank 103.25 -5.54
Tata Motors 154.65 -2.31
Hero Motocorp 2,607.40 -2.25
IndusInd Bank 1,382.90 -1.82
M&M 615.25 -1.71

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results