Sensex, Nifty Inch Higher Led By Telecom Stocks

In the September quarter net domestic institutional investments in local stocks was a record Rs41,507.41 crore for the 12 months ending September they were almost Rs1 trillion at Rs98,166.76 crore. Graphic Mint

BSE Sensex was up by over 53 points or 0.16% at 32,560.23 while the wider Nifty was up by over 19 points or 0.19% at 10,203.95. The gross non-performing assets (GNPAs) rose to 1.26% of gross advances as compared to 1.02% in the same period a year ago and the net NPAs also increased to 0.4% from 0.3%.

The 30-share Sensex shuttled between 32,670.37 and 32,502.08 during the day before settling higher by 100.62 points or 0.31 per cent at 32,607.34, extending its gains for a second day. Al Sharqia Investment, HSBC Bank, Vision Insurance, Ahli Bank and Bank Sohar gained 1.98 per cent, 1.79 per cent, 1.46 per cent, 1.25 per cent and 0.64 per cent respectively. Other major gainers were NTPC, ONGC, Hindsutan Unilever, Tata Steel, Power Grid, Bharti Airtel, Maruti Suzuki, L&T, Axis Bank, Cipla, ITC HDFC LTD and Dr Reddy's.

Shares of Infosys, country's second biggest software exporter, declined over 1 per cent ahead of its financial results for the quarter ended September 30, 2017.

However, Tata Motors fell 1.11 per cent, Sunpharma 0.92 per cent, TataMtrDvr 0.77 per cent and M&M 0.74 per cent.

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Daimler, VW raided by European Union staff in widening cartel searches
They used the term "announced inspections" rather than searches and said they were cooperating fully with authorities. It didn't name the manufacturers visited.

Tottenham 4-1 Liverpool: Jurgen Klopp's side rated and slated
Liverpool have conceded 16 times in the league this season - their worst defensive record after nine matches since 1964/65. Philippe Coutinho says that the entire Liverpool team are responsible for solving their defensive issues.

The total turnover on BSE amounted to Rs 3,995.29 crore, higher than turnover of Rs 3,904.87 crore registered during the previous trading session.

Elsewhere, Asian markets finished mostly higher as the yen held steady, oil prices inched higher and China's ruling Communist Party has voted to endorse a second five-year term for 64-year old President Xi Jinping.

Among other Asian markets, Hong Kong's Hang Seng was up 0.12 per cent and Japan's Nikkei gained 0.17 per cent, while Shanghai Composite Index gained 0.09 per cent in early trade today.

Financial Index gained 0.18 per cent to close at 7,185.49 points.



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