Sensex jumps 150 points; NTPC, Tata Steel top gainers

The 30-share Sensex opened on a negative note on across-the-board losses and touched a low of 32,682.52

The 30-share Sensex opened on a negative note on across-the-board losses and touched a low of 32,682.52

The 30-share index fell by 108.10 points, or 0.32 per cent, to 32,761.62 as power, metal, infrastructure, capital goods, IT, teck, banking and auto stocks declined.

On Wednesday, the Sensex had slumped over 200 points after the RBI monetary policy committee made a decision to hold the policy repo rate and raised the inflation forecast for the rest of the current fiscal year to 4.3-4.7 per cent.

The NSE Nifty too was quoting 28.30 points, or 0.27 per cent, down at 10,099.45. This is its biggest single-day jump since May 25, when it had gained 149.20.

The Nifty mid-cap and small-cap indices climbed by 1.43 per cent and 1.44 per cent, respectively. Crude prices in the worldwide markets slipped almost 3 per cent on Wednesday, its biggest daily decline in more than two months, after a sharp rise in United States inventories of refined fuel suggested demand may be weakening.

Cyclone Ockhi likely to make landfall in Gujarat on Tuesday midnight
Though Vaghela was supposed to reach Surat on Tuesday night, he dropped his plan due to the approaching cyclone. Dozens of fishermen were rescued Friday from the sea which is very rough under the influence of Cyclone Ockhi .

Indian shares rose sharply on Thursday as firm global cues and a steep fall in oil prices overnight spurred investors to go bargain hunting after last week's heavy losses.

Bharti Airtel secured podium finish among the Sensex constituents, ratcheting up 6.08 per cent.

Major losers were Tata Steel 1.70 per cent, SBI 1.21 per cent, Bajaj Auto 0.94 per cent, ITC 0.83 per cent and HDFC 0.70 per cent. Among the Asian bourses, Hong Kong's Hang Seng was down 1.12 per cent while Japan's Nikkei shed 0.90 per cent. However, profit selling trimmed some gains off key indices in early afternoon trade. London's FTSE too was up 0.24 per cent.

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