Published: Tue, September 12, 2017
Money | By Armando Alvarado

Sensex Zooms 219 Points to 31907, Nifty Hits 10000

Sensex Zooms 219 Points to 31907, Nifty Hits 10000

Among BSE sectoral indices, realty index gained 1.47 per cent, followed by metal 1.44 per cent, oil & gas 0.74 per cent and FMCG 0.63 per cent. Shares of IndusInd Bank, which said on Monday that it had entered into an exclusive agreement with micro-lender Bharat Financial Inclusion to explore merger opportunities, finished as 5.6 per cent at Rs 1,791.25 apiece on the NSE. Japan's Nikkei added 1.0 per cent.

Among the major notable developments in the day, the Sensex recorded a highest intra-day gain. The Nifty ended the day with a 71.25 point gain or 0.72% to end the day at 10006.05.

Auto shares also witnessed buying as the increase in Goods and Services Tax (GST) was less wide-ranging than expected.

Shares of Jaiprakash Associates plunged over 6 per cent yesterday after the Supreme Court revived the insolvency proceedings against Jaypee Infratech and asked the parent firm to deposit Rs 2,000 crore with the registry.

As Irma Moves Out of Florida, Neighboring States Prepare For Storm's Impact
Five deaths have been reported in Florida in connection with Irma thus far, and at least 2 million people are without power . Irma is moving toward the north-northwest near 17 miles per hour and this motion is expected to continue through Tuesday.

Meanwhile, domestic passenger vehicle sales grew 13.76 per cent in August as consumers tried to make the most out of price cuts after GST implementation ahead of an imminent hike in cess rates. At 11:26 AM, the Sensex notched a 207.75 point gain. Investors are also awaiting the outcome of CPI inflation, IIP data today.

Religare Enterprises shareholders have approved a proposal to invest up to Rs 500 crore in its arm Religare Capital Markets for repaying debt related to Mauritius business, and capital needs of India business.

The rupee on Monday retreated from its one-month high to end lower by 15 paise to 63.93 a dollar on overwhelming demand for the American currency from corporates and banks. The sentiment also supported by higher Asian markets as investors reacted with relief after North Korea refrained from conducting another missile test this weekend. The strength on Wall Street was seen as the impact of Hurricane Irma was not as severe as many had projected.

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