Tuesday, 31 October 2017

SENSEX OPENS AT RECORD HIGH,UP 200 PTS,NIFTY HITS 10,400 | TODAY STOCK MARKET NEWS OUTLOOK 01 NOV 2017


Equity benchmarks as well as Nifty Bank started off Wednesday's trade with record highs, backed by banks, metals and telecom stocks. The rally was after the World Bank said India's rank on 'ease of doing business' scale has risen from 130th to 100th this year, helped by a slew of reforms in taxation, licensing, investor protection and bankruptcy resolution

The 30-share BSE Sensex was up 209.28 points or 0.63 percent at 33,422.41 and the 50-share NSE Nifty rose 61.20 points or 0.59 percent to 10,396.50.

About 950 shares advanced against 202 declining shares on the BSE.

SBI, Bharti Airtel, Axis Bank, Yes Bank, Vedanta, Tata Steel and JSW Steel were early gainers.

Dredging Corporation, Syndicate Bank, Dabur India, VST Industries, Dwarikesh Sugar, Dalmia Bharat Sugar, Escorts, Sanofi India, Triveni Engineering, PNB, UCO Bank, Andhra Bank, Union Bank, IIFL Holdings, KPIT Technologies and InterGlobe Aviation rallied 11-10 percent. Container Corporation, Blue Star fell 2 percent each.


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