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techkenyot.com October 18, 2017


Markets erode gains in last hour; Sensex, Nifty slip below psychological marks

11 October 2017, 03:25 | Edward Lowe

Markets open on a higher note on Wednesday

Sensex recaptures 32000 mark on global rally; Nifty hovers above 10K

Retail investors and domestic financial institutions built up positions ahead of release of data sets of IIP for August and inflation for September, to be released tomorrow. But in the end, the BSE index ended lower by 90.42 points, or 0.28 per cent, at 31,833.99, with profit-booking posing an overhang in the later part of the session.

Top gainers included Bharti Airtel, TCS, HPCL, BPCL, Wipro, Bharti Infratel, M&M and HUL while BHEL, Tata Motors, Yes Bank, SBI, Vedanta, Dr Reddy's Labs and Lupin declined.

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Domestic markets also took support from the other Asian markets, where shares hit decade highs.

Japan's Nikkei was up 0.22 per cent and Shanghai Composite rose 0.23 per cent in their early trading. Wall Street scaled all-time highs overnight.

Sex with minor wife even after marriage is rape, says Supreme Court
If a man has sexual intercourse with his wife aged 15 years or above it would not be considered as rape. Independent Thought , a non-governmental organisation, had challenged Exception 2.

Extending its rally, the 30-share index advanced 139.17 points, or 0.44 percent, to 32,063.58. Reliance Industries too rose 1.54 per cent to Rs 856.35 ahead of its second quarter earnings later this week.

On Wednesday, the equity benchmarks Sensex and Nifty registered losses in the last hour of trading to finish below the previous closing levels.

Keryx Biopharmaceuticals, Inc. (NASDAQ:KERX) Fall's in Trading Today - Down by 5.79%
Analysts set a 12-month price target of $2.79 a share. (Q) stock confirmed the flow of 0.10% with the final price of $95.70. Consonance Capital Management Lp holds 5.97% of its portfolio in Keryx Biopharmaceuticals for 7.01 million shares.

Midcap and smallcap shares were seen outperforming the broader indices in morning deals - up between 0.6 per cent and 0.75 per cent.



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