Published: Thu, March 15, 2018
Global Media | By Garry Long

Sensex down 150 points, Nifty slips below 10400

Sensex down 150 points, Nifty slips below 10400

Though it gave up some of the gains, it ended at a one-week high of 33917.94, up 610.55 points, or 1.83 per cent. Yes Bank rose 1.85 per cent to emerge as the biggest gainer among Sensex scrips.

The broader Nifty surged 194.55 points to (1.90%) to end at 10,421.40.

Gaining over 350 points during the day, the Sensex was at 33,630.39 points, up 323.25 or 0.97% at 11am. On the NSE, Yes Bank shares rose to Rs 317.90, 1.53 per cent higher than the previous closing. The S&P 500 Index rose on Friday and the Nasdaq Composite Index soared to a fresh record high after U.S. non-farm payrolls data topped forecasts.

NTPC climbed 4.33 per cent after Moody's Investors Service has assigned a Baa2 rating to the proposed senior unsecured United States dollars notes to be issued by NTPC Limited.

Asian Paints, Kotak Bank and RIL, falling up to 0.91 per cent.

ONGC, Hero MotoCorp, HPCL, Infratel and International Olympic Committee fell 2-3 percent in the Nifty pack, while UltraTech Cement, Yes Bank, Bajaj Finance, Ambuja Cement and Tech Mahindra rallied 2-3 percent.

Read a transcript of Rex Tillerson's on-camera remarks following his firing
Tillerson has been out of favour with Trump for months but had resisted being pushed out. I wanted to either break it or do something, he felt a little differently.

"Firm global cues and expectation of ease in domestic inflation to 4.74% excited investors to utilise the bargain opportunity". The news came as a huge relief to investors as it suggested stability in the USA economy.

Asian and European markets extended their last weekend's rally after a positive USA jobs report that showed the American economy continued to strengthen without the prior month's rapid wage gains. Strong economic indicators have bolstered the US Federal Reserve's case for higher interest rates and have given fresh impetus to the bull market in global equities.

Elsewhere in Asia, Hang Seng gained nearly 600 points while Nikkei rose more than 350 points.

Furthermore, the Dow Jones Industrial Average rose 330.44 points or 1.38 percent to 24,190.9.

Mumbai- The key Indian equity indices on Monday witnessed the biggest intra-day gains in around two years with the benchmark BSE Sensex index surging by over 600 points and the Nifty50 of the National Stock Exchange (NSE) by nearly 200 points.

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