Markets end year with 28 pc gains

Stock markets

Power, IT, auto and infrastructure stocks witnessed robust buying, while the beginning of the January 2018 series of futures and options added to the momentum. The Nifty too rallied 2,344.90 points, or 28.65%, in 2017. It had gained 508.92 points, or 1.94 per cent, last year.

"Focus on upcoming Union Budget and government's reforms will direct investors to turn sector/stock specific". The broader indices outperformed the benchmark indices and ended in the positive territory.

Indian stock markets are likely to start Thursday's session on a higher note with the SGX Nifty on Singapore Exchange trading up 30.50 points at 10,524.

It surpassed its previous closing high of 34,010.61 reached on December 26. The indices logged biggest yearly gains in three years as strong foreign fund inflows, hopes of an improving economy and higher corporate earnings boosted investor confidence.

More news: Erica Garner Was Reportedly Declared Brain Dead

Reliance Communications (RCom) today rose as much as 23%, after Mukesh Ambani's Reliance Jio announced yesterday that it will acquire RCom's wireless infrastructure assets, including towers and spectrum, at an estimated price of Rs 20,000-24,000 crore.The stock, however, 17.48% up on the NSE.

Infratel (+2.4%), Asian Paints (+2%), TCS (+1.7%), Tata Motors (+1.6%) and Axis Bank (+1.5%) were the top gainers on Nifty50. Reliance Industries Ltd rose 0.6% to Rs930.

"The concluding session of the year traded with a positive bias and eventually wrapped up the activity nearly at record close".

Nifty IT and Nifty Auto indices climbed 1.47 and 1.28 per cent, respectively. European markets were down in early trade with Paris CAC 40 falling 0.11 per cent, while Frankfurt's DAX shed 0.29 per cent. London's FTSE rose 0.27 per cent.

Related News:

  • Trump fires entire HIV/AIDS council by FedEx letter

    Trump fires entire HIV/AIDS council by FedEx letter

    The firing of the remaining board members provides further evidence that the Trump administration isn't interested in the issue. The remaining members of the Presidential Advisory Council on HIV/AIDS were fired en masse this week.
    Israeli Minister Plans to Name Train Station After Trump Following Jerusalem Decision

    Israeli Minister Plans to Name Train Station After Trump Following Jerusalem Decision

    There will, of course, be disagreement and dissent regarding this announcement", Trump said in early December. The transportation minister ordered officials in his ministry to define this project a top priority mission.
    More pregnant women are using marijuana, study finds

    More pregnant women are using marijuana, study finds

    Prenatal exposure to marijuana has been associated with low birth weight, impaired brain development , and effects on behaviour. Recreational marijuana use is now legal in eight USA states and the District of Columbia.
  • Rajinikanth to announce his political plans shortly

    Rajinikanth to announce his political plans shortly

    Giving a word of advice to his fans, he asked them to take care of their children and parents and make this their first priority. In a Firstpost article, Rajinikanth was quoted as saying: "I had earlier mentioned that let us face the war when it comes".
    When will Doug Jones be sworn in to the US Senate?

    When will Doug Jones be sworn in to the US Senate?

    Moore did not say, however, whether he would seek a recount. "It's time to move on", Sam Coleman wrote in an email. Hasen said Moore's complaint might just be a way for him to fundraise and throw "red meat to his loyal supporters".
    Polson woman dead, 2 people hurt in Lake County crash

    Polson woman dead, 2 people hurt in Lake County crash

    The patrol has identified the victims as 2-year-old Isaac Verde, 4-year-old Benjamin Verde and 7-year-old Eric Verde from Neosho. The three children apparently died on impact, said Jerry Deems, a deputy coroner for the county who was at the scene.
  • Tim Cook Earned $102 Million in 2017 and Transport via Private Jet

    Tim Cook Earned $102 Million in 2017 and Transport via Private Jet

    The Apple CEO also received use of a private aircraft, which Cook was required to use for all business and personal travel. Cook's "top five lieutenants", as Bloomberg calls them received compensation totaling $24.2 million the year.
    LG&E, KU to aid in Puerto Rico power restoration

    LG&E, KU to aid in Puerto Rico power restoration

    Aside from offering free health care, RAM also helped distribute 63,000 pounds of disaster relief supplies. The added effort will mean more than 5,500 power restoration workers will be on the island.
    Cold weather to stick around Wednesday

    Cold weather to stick around Wednesday

    Wind chills are forecast to be in the single digits across much of Arkansas on Monday morning. If it does come, the forecast calls for snowfall of up to an inch starting late Sunday night.
  • Urgent need for blood donations in Charlottetown over holiday season

    Urgent need for blood donations in Charlottetown over holiday season

    The giving of gifts over the holiday season can result in the giving of life getting lost in the shuffle. Donors with O blood types are part of a select group whose donations are compatible with everyone.
    Ex-footballer George Weah elected President of Liberia

    Ex-footballer George Weah elected President of Liberia

    It will be Liberia's first democratic transition since 1944 and follows two devastating civil wars. On Tuesday polling stations displayed voter lists as a mark of transparency for the run-off.
    SoftBank reportedly buys major stake in Uber at a big discount

    SoftBank reportedly buys major stake in Uber at a big discount

    Getting the company ready to go public will be Khosrowshahi's ultimate goal over the next year, though it won't be easy. The SoftBank deal triggers new governance terms at Uber that were approved by the company's board in October , though.


Most liked

Oregon Baker Refused to Make Wedding Cake; Court Rejects Religious Argument
The bakery owners made national headlines after they refused to bake a cake for Laurel and Rachel Bowman-Cryer in February 2013. Klein responded by quoting Leviticus: 'You shall not lie with a male as one lies with a female; it is an abomination'.

Vice President Mike Pence mocked by LGBTQ community at Colorado ski resort
In fact, some neighbors later came out to give the servicemen standing around in the cold some chili and corn muffins. In 2006, Pence supported a constitutional amendment that would have defined marriage as between a man and a woman.

Southern California Man Arrested in Fatal Kansas Police Shooting
The Los Angeles Police Department has arrested a man in association with the recent swatting incident in Wichita, Kansas. Barriss is being held in a Los Angeles County jail without bail, according to LAPD Officer Mike Lopez.

Vikas gets a secret task from Bigg Boss
Salman is surprised that a hygienic person like Hina gave her clothes to someone like Akash, who keeps itching himself. Akash's mom questions Puneesh and Shilpa on not giving AKash a chance for becoming the captain of the house.

AT&T says all 50 states have opted into first responder network FirstNet
First responders across the United States now have access to FirstNet after all 50 states, two territories and Washington, D.C. opted into the network.

Selena Gomez and friends in Mexico for New Year celebration
We're a little surprised they won't be ringing in the new year together, but maybe some space will do them some good?? Selena Gomez and her friends will be celebrating the New Year in Cabo San Lucas, Mexico.

United Nations chief condemns attack on church near Cairo
On Palm Sunday in April, terrorists staged an explosion in the main church of the city of Tanta, where about 30 people died. The local IS affiliate has claimed responsibility for all the bombings targeting Christians.

Apple apologizes for iPhone battery problems, offers remedies
A number of people have filed lawsuits over the feature and are seeking class action status. "We apologize", the company said in a statement released Thursday.

Husband in Custody, Cops Suspended in Young Brooklyn Mother's Stairwell Death
Police officials are also looking into whether the 911 dispatcher gave the officers complete information about the incident. She had trauma to her body and was pronounced dead at the scene, police said.

Powerball, Mega Millions jackpots reach combined $690M with no winners
California resident Jeff Lindsay claimed the winning Powerball ticket June 10 and received an annuity of $447.8 million. The second largest, a $758.7 million Powerball jackpot, was won by a single person in August.

Snap Inc (SNAP) Developing New "Stories Anywhere" Feature Outside Of App Itself
Sharing on the web would also increase Snapchat's exposure and help Snapchat's user base grow. You can then save and send the story to friends.

Nintendo Switch's Game Cartridges Delayed Until 2019
Ramping up to the 32GB cartridge, a developer is said to pay 60% more than they would for a 50GB disc on PS4/Xbox One. Delivery of larger game cartridges for Nintendo Switch game developers means a wait for some sweet titles for users.

Views How to prepare your workforce for flu season
The CDC advises everyone older than six months of age get the flu shot if they aren't allergic. Patients in the central San Joaquin Valley have tested positive for influenza A and B.

Twitter reacts to Patrick Mahomes getting the start at quarterback for KC
When speaking to reporters, Reid said he has no expectations for Mahomes and just wants him to get some reps leading the offense. In fact, you know there will be fans calling for Mahomes to start the Wild Card game over Smith if the rookie plays well enough.

Mother, 2 children killed in Christmas standoff in Phoenix
That officer was injured "either by direct or indirect gunfire" and was taken to a hospital in stable condition, authorities said. EST on Christmas afternoon when the woman was shot dead outside the apartment in Phoenix .