Markets@Moneycontrol: D-Street rebounds sharply, Sensex up 295 pts

The market incurred losses after RBI decision dragged down mostly rated sensitive banking and financial stocks. DH file

The BSE Sensex closed 294.71 points or 0.87% higher at 34,300.47 while Nifty ended at 10,539.75, up 0.81%.

The Sensex touched a high of 34,351.34 points and a low of 34,115.12 points during the intra-day trade.

A higher Friday close for NY stocks following a week of "vol" induced selling, lifted markets in Asia and Europe, helping MSCI's all-country index 0.5 percent while European shares were 1.5 percent higher.

Last week on Friday, the key equities plunged into the negative territory amid a global sell-off.

Vinod Nair, Head of Research, Geojit Financial Services, said: "On Monday, market reversed from previous day's losses owing to positive global cues and expectation of marginal decline in January CPI (Consumer Price inflation) inflation today".

Asian markets mostly rose on Monday as investors cautiously edged back into buying after last week's global rout, with confidence lifted by a rally on Wall Street but analysts warned of further volatility.

[PyeongChang 2018] EXO, CL to perform at Olympics closing ceremony
The Pyeongchang Olympics are the second ever to be held on the Korean Peninsula, and its first Winter Games. South Korean President Moon Jae-in, right, shook hands Saturday with Kim.

General Electric Company (GE)'s Stock Is Sell After Achieving 1 Year Low
Diversified Investment Strategies Llc bought 13,151 shares as the company's stock declined 7.64% while stock markets rallied. It dived, as 112 investors sold GE shares while 818 reduced holdings. 2 funds opened positions while 8 raised stakes.

Conservatives confirm they believe Jerusalem is the capital of Israel, echoing Trump
Modi then toured the Arafat museum, which is also part of the compound, before holding talks with Abbas. Asked directly whether Jerusalem is Israel's capital, O'Toole said, "Yes, it is", to some applause.

While the midcap index closed 217 points higher at 16,852 level, the small cap index rose 290 points to 18,463 points.

After a stellar 2017 and a January that saw record and multi-year highs around the world, traders are scurrying to the hills this month as a strong economic outlook - particularly in the USA - healthy corporate earnings and rising inflation have sent borrowing costs surging.

Domestic institutional investors bought shares worth a net Rs 588.42 crore while foreign portfolio investors sold shares worth a net Rs 1351.70 crore on Friday, provisional data showed.

The Indian equity markets will remain closed on Tuesday (February 13) for Mahashivratri.

Tata Steel (4.22%), YES Bank (2.89%) and PowerGrid (2.51%) were the top gainers on Sensex. Find us on Facebook too!

Related:

  • Conte: Sacking me 'll be stupid

    Conte: Sacking me 'll be stupid

    I like to play football and try to dominate the game. "I don't think talking about my future can affect the players". Asked why Chelsea have struggled so much defensively in Christensen's absence, Conte replied: " I don't know ".
    Twitter Finally Earns Profit After 12 Years

    Twitter Finally Earns Profit After 12 Years

    It only took 12 years, but Twitter finally is able to report they have turned a profit for the first time ever in its history. For the first quarter of 2018, Twitter said it expected operating earnings in the range of $185m to $205m.
    Korea still with United States , says Pence

    Korea still with United States , says Pence

    She arrived Friday as the first member of her family to visit South Korea since the Korean War in 1950-53. Pence had said all week that if he met with the North Koreans, he would deliver a tough message.
  • Aldi officially recognised as the nation's favourite supermarket

    Aldi officially recognised as the nation's favourite supermarket

    Tesco (LON:TSCO) is working on a plan for a new discount grocery chain to take on Aldi and Lidl , The Sunday Times has revealed. Waitrose dropped down to fourth as its customers gave it a two-star rating for its value for money, in contrast to Aldi's five.
    South and North Korean officials continue exchange during Olympics

    South and North Korean officials continue exchange during Olympics

    Moon has expressed hope the d├ętente could lead to a broader dialogue with the United States. Kim has captivated media attention and fascinated the public since her arrival on Friday.
    Comcast is making it really easy to gorge on the Winter Olympics

    Comcast is making it really easy to gorge on the Winter Olympics

    Both the website and the app require viewers to authenticate up-front that they have a cable, satellite or telco TV subscription. Go to the websites' sign-up pages, and you will usually be asked to enter your zip code in order to confirm what's available.
  • Wenger not focusing on Europa League

    Wenger not focusing on Europa League

    Kane's headed victor was his 23rd goal of the Premier League season, in a performance that earned him the man of the match award. Once they had scored the goal , that maybe played a part in it.
    Late-addition Aphibarnrat rallies to win World Super 6 Perth

    Late-addition Aphibarnrat rallies to win World Super 6 Perth

    He won the first hole in the six-hole final but went off the tee on the third, allowing Aphibarnrat to square the match. For Nitties, now without status on the European Tour, there was ultimate disappointment but hope for the future.
    Penn State vs. Illinois College Basketball Predictions Against The Spread

    Penn State vs. Illinois College Basketball Predictions Against The Spread

    He has been Illinois' best player in conference play, and without a strong performance from him the Illini clearly struggled. Junior Teniya Page (Chicago, Ill.) moved up two spots in the career scoring list with a 22-point effort against the Gophers.
  • Fiorentina-Juve 0-2, Bernardeschi esulta:

    Fiorentina-Juve 0-2, Bernardeschi esulta: "Ora gioco per la Juve"

    Poi il palo clamoroso di Gil Dias , presagio di una serata dove la Dea Bendata non ha di certo sorriso ai gigliati. A proposito di cifre tonde, anche il Pipa "festeggia" un bel traguardo: i 50 gol in bianconero.
    Xiaomi Redmi Note 5 render leaked ahead of February 14 launch

    Xiaomi Redmi Note 5 render leaked ahead of February 14 launch

    The Redmi Note 4 was also powered by Snapdragon 625 and it's a surprise that Xiaomi isn't upgrading it for the successor. Please note, none of these specifications are official till Xiaomi India actually announce the products on February 14.
    Cases Lodged During Jatt Reservation Stir Will Be Withdrawn: Haryana CM Khattar

    Cases Lodged During Jatt Reservation Stir Will Be Withdrawn: Haryana CM Khattar

    Prior to this in December, a similar direction was issued for the withdrawal of 15 cases in which 47 persons were accused. No action has been taken against policemen who killed Jats.

Comments

Latest news

Twitter reacts to LeBron James raining on Paul Pierce's parade
In Nance's final two years, Revere had a 40-6 overall record, 28-0 mark in league games and was a two-time District finalist. Hill chipped in 12 while getting the start at point guard, while Nance added just five points but snagged four rebounds.

Reconstruction will cost $88.2 billion
Billions of dollars poured into Iraq after the 2003 USA -led invasion that toppled dictator Saddam Hussein. The fighting left large swathes of the country destroyed and millions displaced.

Gigi Hadid reveals the health battle behind her weight fluctuation
Gigi Hadid attends the Gigi Hadid X Maybelline party held at "Hotel Gigi" on November 7, 2017 in London, England. "I was also part of a holistic medical trial that helped my thyroid levels balance out", she continued .

'Australia not a country' professor sacked
As a result, the stay-at-home mother got zero marks in three sections of her sociology assignment for not answering the question. A college student received a failing grade from an instructor who told her that Australia was a continent, not a country .

S Korean PM hosts lunch for North Korean delegation
God bless Vice President Mike Pence for politely but firmly giving Kim Jong-un the silent equivalent of a two-word greeting. Kim then sent his sister and special envoy Kim Yo-jong to attend the opening ceremony and meet Moon.

Instagram is testing alerts for when someone screenshots your story
Prior to this test the only screenshot notifications on Instagram were when someone took a screenshot of a private direct message. Instagram is testing a feature that shows when someone has taken a screenshot of your Story, TechCrunch reported .

Kim Jong Un invites South's Moon to Pyongyang: Seoul
The prospect of two-way talks between the Koreas, however, may not be welcomed by the United States. He allegedly left after just five minutes after realising North Korean delegates were in attendance.

ANC executive to meet as pressure mounts on Jacob Zuma to resign
At 0631 GMT, the rand traded at 11.9300 per dollar, 0.58 percent firmer than Friday's close of 12.0000. Ramaphosa said the ANC's top executives will meet Monday to finalize discussions on Zuma's resignation.

Atlanta Hawks Fans Troll Lebron James in Loss to Cavs
It's clear that he'll get a chance to play, and play up-tempo like he has played throughout his career. Two examples spring to mind, including pressuring the front office to re-sign J.R.

United Kingdom presses fraud charges against Barclays over Qatar loan
Qatar, which is a major United Kingdom investor, has not been accused of wrongdoing. They were also charged with conspiracy to commit fraud.

North Korea heads for diplomacy gold medal at Olympics
For the people of the Korean Peninsula, that was likely more significant than Pence's non-interaction with Kim Yo-jong. It would be the first summit in more than 10 years between the Korean leaders.

India Oman Sign 8 MoU's During PM Narendra Modi's Visit
Met HH Sayyid Asa'ad bin Tariq Al Said, Oman's Deputy Prime Minister for International Relations and Cooperation Affairs. To strengthen India-Oman's bilateral relations, PM Modi led delegation-level talks with Oman's Sultan Qaboos.

1 killed, 12 injured in knife attack in Beijing mall
China's state-run Xinhua news agency reports that a man attacked shoppers with what appeared to be a knife at the mall on Sunday. The man had already confessed to carrying out the attack to "express his discontent" , they said but did not elaborate.

White House: Trump 'shocked' by domestic abuse claims against ex-aides
He has also insisted upon his own innocence in the face of allegations of sexual misconduct from more than a dozen women. Once photos emerged showing Porter's ex-wife with a badly bruised face, Mulvaney said, "he was gone nearly immediately".

Dalit law student lynched in Allahabad
Visuals showed a man lifting rocks and metal rods from the road and hitting Dilip. After dinner, we were sitting on the stairs that lead to the restaurant.

Other news