Published: Mon, April 16, 2018
Research | By Jody Lindsey

Markets recover early loss; Sensex closes 100 points above

Markets recover early loss; Sensex closes 100 points above

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

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 Midcap and the BSE Smallcap indices were fell by 0.12% and 0.04%, respectively.

UCO Bank shares sank 14% to Rs21 after the Central Bureau of Investigation (CBI) on Saturday booked the bank's former chairman and managing director Arun Kaul and others for an alleged fraud to the tune of Rs621 crore.

Fortis Healthcare stock fell 1% after it confirmed getting interest from IHH Healthcare Bhd.

VP Venkaiah Naidu Attends IAS Toppers Second Wedding Feast — IAS In Love
The groom wore golden sherwani with fetching pagdi and the bride was seen dressed in wine-coloured lehanga and golden dupatta . The guests included Vice President Venkaiah Naidu , Law Minister Ravi Shankar Prasad and Lok Sabha Speaker Sumitra Mahajan .

Infosys, Dewan Housing Finance Corporation, Tata Motors, TCS and Escorts were the top traded individual stock futures contracts in F&O segment of NSE.

The major gainers on the BSE on Monday so far were Asian Paints, Mahindra and Mahindra, HDFC, Hero MotoCorp and ITC, while Tata Motors (DVR), Tata Motors, Infosys, Tata Steel, ONGC were among the main losers. 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 per cent, at 34,305.43.

Titan, SBI and Wipro declined 1-2 percent.

The rupee fell 20 paise against the USA dollar in early trade on global trade war concerns, dip in March exports and a sharp drop in domestic equities.

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