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Dec 26, 2018 03:39 PM IST | Source: Moneycontrol.com

Closing Bell: Bulls make a comeback and how! Sensex ends 180 pts higher, Nifty above 10,700

At the close of market hours, the Sensex closed up 179.79 points or 0.51% at 35649.94, while the Nifty was up 66.40 points or 0.62% at 10729.90.

  • December 26, 2018 03:39 PM IST

    Market at Close Bulls made a roaring comeback on a day that looked like a bearish day. A sharp recovery across sectors, particularly in the broader markets, helped the indices end sharply higher. 

    The Nifty clocked 10,700 again and ended above that mark. 

    Among sectors, maximum surge was seen among banks and infrastructure names, while IT and pharmaceuticals lost the most. 

    At the close of market hours, the Sensex closed up 179.79 points or 0.51% at 35649.94, while the Nifty was up 66.40 points or 0.62% at 10729.90. The market breadth was negative as 1089 shares advanced, against a decline of 1441 shares, while 155 shares were unchanged. 

    Airtel, Adani Ports, and Zee were the top gainers, while Sun Pharma and Yes Bank lost the most.

  • December 26, 2018 02:26 PM IST

    ICRA's Outlook on Two-Wheeler Sales

    Two-wheeler sales in India is expected to grow at 8-10 percent in 2018-19 amid concerns over increasing cost of acquisition disturbing positive demand drivers, according to ratings agency ICRA.

    Supported by growing per capita income, improved farm sentiment following near-normal monsoon over the last three financial years, higher minimum support price (MSP) and farm loan waiver in select states, the domestic two-wheeler industry volumes are expected to grow at 8-10 per cent during FY2019, ICRA said in a statement.

    The ratings agency further said it has a stable outlook on the Indian two-wheeler industry.

    The sector has reported 11.1 percent year-on-year volume growth in April-October 2019. (Source: PTI

  • December 26, 2018 02:15 PM IST

    Shanthi Gears' Special Dividend and Share Buyback Offer

    Company said board of directors declared a one-time special (Interim) dividend of Rs 5 per share for the financial year 2018-19 and approved the buyback of fully paid up equity shares of Re 1 each not exceeding 5 crore share at a price of Rs 140 per share.

  • December 26, 2018 01:27 PM IST

    JUST IN | IL&FS appoints Retired IAS, Bijay Kumar as Deputy MD

  • December 26, 2018 01:03 PM IST
  • December 26, 2018 12:20 PM IST

    BOJ's Kuroda Warns Of Heightening Global Risks

    Bank of Japan Governor Haruhiko Kuroda warned of heightening global economic uncertainties but stressed that Japan's recovery had become resilient enough to fend off any external shocks.

    "The stock market has been somewhat unstable. The fluctuations are partly attributable to changes in perception of various risks surrounding the global economy," he said.

    "The BOJ will continue to carefully examine global market developments and various risks," Kuroda said in a speech at an annual meeting of the business lobby Keidanren. (Source: Reuters)

  • December 26, 2018 12:10 PM IST

    Gold Climbs To Six-Month Peak on Waning Risk Appetite

    Gold prices hit a six-month high as concerns over global growth and a partial government shutdown in the United States fuelled risk aversion, prompting investors to seek refuge in the metal.

    US gold futures were up 0.46 percent at $1,277.60 per ounce.

    Asian equities were shaky following a Christmas eve US stocks plunge. Wall Street has dropped sharply in recent weeks on concerns over weaker economic growth, compounded by political instability in the United States after a partial government shutdown. (Source: Reuters)

  • December 26, 2018 11:54 AM IST

    Buzzing

    National Fertilizers shares rallied 3 percent intraday after the company signed loan agreement with country's largest lender State Bank of India.

    On December 24, the fertiliser maker has signed rupee loan agreement with SBI for an amount of Rs 1,044 crore.

    Hence, NFL has achieved financial closure for its energy reduction schemes at Panipat, Nangal and Bathinda projects and other capex at various units with total project cost of Rs 1,160 crore.

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