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Business Economy

Sensex rebounds by 353.37 pts on firm global cues as US delays implementation of tariffs on some Chinese goods

Sensex rebounds by 353.37 pts on firm global cues as US delays implementation of tariffs on some Chinese goods

Mumbai, Aug 14 (UNI) The benchmark index of Bombay Stock Exchange (BSE) rebounded on Wednesday by 353.37 points to end positive at 37,311.53 on renewed buying across the board amid strong global cues after the United States deferred implementation of tariffs on some Chinese goods.

The Nifty of National Stock Exchange (NSE) also rose by 103.55 points to 11,029.40.

The BSE Sensex, which had plummeted by 624 points on Tuesday, opened in green up by 275 points to 37,233.50 in early trade and then surged by 515 points to hit the day's high of 37,473.61 points, before closing at 37,311.53, up by 353.37 points versus its last close.

The Nifty recorded day's high and low at 11,078.15 and 10,935.60 points, respectively.

The gains in sectoral indices like Materials, Finance, Capital Goods,, Bankex, Telecom, Industrials, Oil & Gas and Metal pushed the market up, along with scrips of VEDL, Tata Steel, Yes Bank, Tech Mahindra and Hero MotoCorp.

The broader market outperformed the Sensex, as the S&P BSE Mid-Cap index and Small-Cap rose by 0.85

per cent and 0.41 pc, respectively.

The market breadth was positive on BSE, as 1,293 shares gained while 1,151 fell and 144 were unchanged.

Globally, the Asian stocks ended firm across the board on Wednesday, as the US announced a delay

in the implementation of tariffs on some Chinese goods.

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BOI organises consultation meeting in Hyderabad

18 Aug 2019 | 6:17 PM

Hyderabad, Aug 18 (UNI) Taking forward the agenda of reforms in public sector banks, the department of financial services, Government of India has initiated a multi-layered consultation process and new suggestions at the branch level.

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UCO bank contemplating to further reduce its lending rates

18 Aug 2019 | 5:16 PM

Ahmedabad, Aug 18 (UNI) Public Sector UCO Bank which recently reduced its marginal cost of funds - based lending rate (MCLR) by 15 basis points making its home and car loans cheaper by as many points said on Sunday that it was contemplating to further reduced it.

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HDFC bags ‘India’s Best Bank’ at Euromoney Awards for Excellence 2019

18 Aug 2019 | 2:39 PM

Mumbai, Aug 18 (UNI) HDFC Bank has been awarded ‘India’s Best Bank’ at the Euromoney Awards
for Excellence 2019, an official statement said on Sunday.

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Armines Industries launches new, ready-mix plaster plant in Cacoda Industrial estate

17 Aug 2019 | 7:58 PM

Margao, Aug 17 (UNI) Goa based Armines Industries recently launched a first-of-its-kind, ready-mix plaster manufacturing factory in the Cacoda industrial estate.

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Ahmedabad Oil Market rate

17 Aug 2019 | 4:26 PM

Ahmedabad, Aug 17 (UNI) Ahmedabad Oil Market showed a firm trend here on Saturday.

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