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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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WaterHealth India installs India’s first loT based purification-cum-bottling unit in Hyderabad

10 Dec 2019 | 6:46 PM

Hyderabad, Dec 10 (UNI) WaterHealth India, a US-based global leader in potable water, on Tuesday announced the installation of India's first IoT (Internet of Things) based purification-cum-bottling technology, unit at India’s leading hotel Park Hyatt here.

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Dharmsot emphasizes easing of loan advancing process for self employment

10 Dec 2019 | 6:05 PM

Chandigarh, Dec 10 (UNI) Punjab Social Justice, Empowerment and Minorities Minister Sadhu Singh Dharmsot has emphasized the easing of loan advancing process for enabling the youth belonging to the backward classes, minorities and scheduled caste categories to start their own ventures.

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SEAP announces 8th edition of Pune Connect 2019

10 Dec 2019 | 6:00 PM

Pune, Dec 10 (UNI) The Software Exporters Association of Pune (SEAP) will host 8th edition of its' flagship event Pune Connect 2019 on December 14 at the Hyatt Regency in Nagar Road here.

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Vini Mahajan directs for comprehensive time-bound action plan for implementation of reforms proposals

10 Dec 2019 | 5:58 PM

Chandigarh, Dec 10 (UNI) Underscoring the need to focus on district level business reforms, Punjab Industries and Commerce and Investment Promotion Additional Chief Secretary Vini Mahajan on Tuesday directed for evolving a time bound action-plan for implementation of all the reforms already implemented at the state level.

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