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...
Russian President Vladimir Putin and his Iranian counterpart Hassan Rouhani have expressed support for OPEC's plans to limit the cartel's output ahead of a crucial meeting this week. In a telephone conversation, the two leaders said the cartel's efforts were "an essential element" for returning stability to global oil prices, a Kremlin statement said yesterday.
Russian President Vladimir Putin and his Iranian counterpart Hassan Rouhani have expressed support for OPEC's plans to limit the cartel's output ahead of a crucial meeting this week. In a telephone conversation, the two leaders said the cartel's efforts were "an essential element" for returning stability to global oil prices, a Kremlin statement said yesterday.
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