MARKET WRAP UP The Sensex and Nifty jumped over one per cent on Friday and were headed for their second session of gains, led by energy stocks, including Reliance Industries Ltd, as oil prices extended their rally. Domestic sentiment was also buoyed on continued buying by investors ahead of IIP and inflation data scheduled to be released later in the day. US stocks closed at record highs on Thursday as surging oil prices and strong earnings buoyed investor sentiment, giving a boost to Asian markets. Dealers said widening of positions by participants ahead of key economic data —— industrial production (IIP) for June and consumer price index (CPI) for July —— to be released after market closing today also added to the upbeat investor sentiment. At 3.05 pm, the Sensex was up 315.38 points or 1.13 per cent at 28,174.98 while the NSE Nifty was up 85.7 points or 1.00 per cent at 8,677.85. Sentiment also got a boost as foreign investors continued to buy Indian shares for a...
In an apparent attack on political rivals and those opposing the Centre's demonetisation drive, BJP President Amit Shah said people are happy with the scrapping of high-value notes and maintained no one would ever need black money if society comes together. Speaking at a mass marriage ceremony of Ahir community organised at Ghodadara area here, the BJP chief said a "huge controversy" has been created out of the cash crunch post demonetization of Rs 500 and Rs 1,000 notes.
In an apparent attack on political rivals and those opposing the Centre's demonetisation drive, BJP President Amit Shah said people are happy with the scrapping of high-value notes and maintained no one would ever need black money if society comes together. Speaking at a mass marriage ceremony of Ahir community organised at Ghodadara area here, the BJP chief said a "huge controversy" has been created out of the cash crunch post demonetization of Rs 500 and Rs 1,000 notes.
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