Popular Posts Last 7 days_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts Last 30 days_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts Last year_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts All time_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Islamophobia_$type=carousel$h=350$show=/search/label/Muslim%20World

Saudi Arabia$type=two$count=2$h=250$space=1$icon=1$m=0$sn=0$rm=0$show=/search/label/Muslim%20World

Iran_$type=three$count=3$h=250$space=1$icon=1$m=0$sn=0$rm=0$show=/search/label/Muslim%20World

Palestine$type=three$author=hide$comment=hide$rm=hide$date=hide$show=/search/label/Muslim%20World

Sensex, Nifty bounce back; financials lead

SHARE:

A NSE (National Stock Exchange) building is seen in Mumbai, India, July 10, 2017.

The Sensex and Nifty rose more than 1 percent on Wednesday, recouping most of the losses in the previous session, led by gains in financials such as Housing Development Finance Corp, while metal stocks climbed on higher prices for the commodity.

Sentiment was also supported by a recovery in broader Asia as concerns stemming from North Korea’s firing of a missile over Japan receded, with MSCI’s broadest index of Asia-Pacific shares outside Japan rising 0.5 percent.

Local trading volumes, however, were muted as floods caused by heavy seasonal monsoon rains destroyed homes and disrupted traffic in India’s financial capital Mumbai on Tuesday, causing many people to stay home on Wednesday.

“What we are seeing is a bounce-back from Tuesday’s fall,” said Sacchidanand Uttekar, equity technical analyst at Motilal Oswal Securities.

The Nifty was up 1.12 percent at 9,905.30 as of 0658 GMT, while the Sensex rose 1.05 percent to 31,717.75.

Financial stocks accounted for more than a third of gains on the NSE index, with Nifty finance index gaining 1.2 percent. Housing Development Finance Corp Ltd rose 2.3 percent after giving up 2.2 percent on Tuesday.

Private-sector lenders such as ICICI Bank Ltd and HDFC Bank Ltd were up about 1 percent each.

Ujjivan Financial Services Ltd hit a one-and-a-half-month high after its subsidiary Ujjivan Small Finance Bank was granted “scheduled bank” status by the Reserve Bank of India, a lender category determined by the central bank.

Meanwhile, the Nifty metal index advanced 2.4 percent, with JSW Steel Ltd and Hindalco Industries Ltd both surging about 4 percent.

COMMENTS

Name

Ads,5,Afghanistan,75,Africa,26,Americas,5,Animals,36,Argentina,1,Asia,235,Australia,11,Austria,5,Bahrain,2,Bangladesh,18,Barcelona,1,Belgium,3,Brunei,1,Business,1300,Canada,4,Catalan,80,China,118,Cuba,3,Czech Republic,3,DR Congo,1,Egypt,22,Ethiopia,1,Europe,237,Fitness,14,France,26,Germany,37,Headlines,11,Health,169,Hillary Clinton,199,Hong Kong,2,Hungary,1,Iceland,1,India,104,Indonesia,9,International,75,Iran,77,Iraq,77,Ireland,2,Islamophobia,19,Israel,10,Italy,3,Japan,36,Jordan,1,Kenya,7,Kosovo,1,Kuwait,3,Lebanon,2,Libya,2,Lifestyle,302,Lithuania,1,Malawi,1,Malaysia,15,Malta,1,Maxico,3,Middle East,127,Muslim World,598,Myanmar,35,Nawaz Sharif,5,Nepal,3,Netherlands,2,New Zealand,9,Niger,1,Nigeria,2,Nobel Prize,81,North Korea,53,Norway,1,Opinion,26,Pakistan,1036,Palestine,36,Philippine,16,Pics,66,Poland,3,Popular,1,Qatar,93,Rohingya,118,Russia,45,Rwanda,1,Saudi Arabia,83,Science,144,Serbia,2,Showbiz,350,Somalia,4,South Africa,1,South Korea,7,Spain,60,Sports,1311,Sudan,1,Sweden,1,Switzerland,2,Syria,112,Taiwan,2,Technology,449,Thailand,5,Today IN History,24,Top News,994,Tunisia,1,Turkey,77,U.S.,301,UAE,21,UK,51,Ukrain,2,Venezuela,4,Videos,75,Vietnam,2,World,4824,Yemen,21,Zimbabwe,2,
ltr
item
Muslim Global: Sensex, Nifty bounce back; financials lead
Sensex, Nifty bounce back; financials lead
https://1.bp.blogspot.com/-Llg1G2wTsww/WaZrgvOEKBI/AAAAAAAAeCg/77gp55QdBdQWhgBfL60IPrlxWp9VpLJ8ACLcBGAs/s640/A%2BNSE%2B%2528National%2BStock%2BExchange%2529%2Bbuilding%2Bis%2Bseen%2Bin%2BMumbai.jpg
https://1.bp.blogspot.com/-Llg1G2wTsww/WaZrgvOEKBI/AAAAAAAAeCg/77gp55QdBdQWhgBfL60IPrlxWp9VpLJ8ACLcBGAs/s72-c/A%2BNSE%2B%2528National%2BStock%2BExchange%2529%2Bbuilding%2Bis%2Bseen%2Bin%2BMumbai.jpg
Muslim Global
http://www.muslimglobal.com/2017/08/sensex-nifty-bounce-back-financials-lead.html
http://www.muslimglobal.com/
http://www.muslimglobal.com/
http://www.muslimglobal.com/2017/08/sensex-nifty-bounce-back-financials-lead.html
true
616431133175714168
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy