Sensex rebounds on positive infra data; GST meet in focus
GST
Dated:- 4-1-2017
Mumbai, Jan 3 (PTI) Reversing its previous day's losses, the Sensex today staged a comeback to end with a paltry gain of 48 points at 26,643, buoyed by pick-up in infrastructure sector in November coupled with firm global cues.
\nThe overall recovery received some support from banking stocks which recouped their losses to an extent after being hit by profitability fears in the wake of lending rate cuts.
\nCore industries expanded but at a slower pace of 4.9 per cent in November than 6.6 per cent in October, which capped the upside.
\nAfter a higher opening, the Sensex advanced to hit the day's high of 26,724.40. But profit-booking later on made<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n oosted domestic investor sentiment," said Karthikraj Lakshmanan, Senior Fund Manager Equities, BNP Paribas Mutual Fund. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" Sensex rebounds on positive infra data; GST meet in focus GSTDated:- 4-1-2017Mumbai, Jan 3 (PTI) Reversing its previous day's losses, the Sensex today staged a comeback to end with a paltry gain of 48 points at 26,643, buoyed by pick-up in infrastructure sector in November coupled with firm global cues. The overall recovery received some … Continue reading “Sensex rebounds on positive infra data; GST meet in focus”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-2077","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/2077","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2077"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/2077\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nA firming trend in Asia after higher Chinese manufacturing numbers and higher opening in Europe contributed to the positive sentiment.
\nPowerGrid led from the front, with a gain of 2.48 per cent, with Axis Bank notching up 1.90 per cent, Coal India 1.53 per cent, Cipla 1.46 per cent, GAIL 1.10 per cent and ICICI Bank 1.07 per cent.
\nBharti Airtel ended with most losses, down 2.36 per cent, after it unveiled a free 4G data plan, followed by Hero MotoCorp 1.44 per cent and Tata Motors 1.23 per cent.
\nConsumer durables gained the most by rising 3.01 per cent followed by oil and gas (1.96 per cent). PSU rose 1.58 per cen<\/p>\n
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