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Sensex, Nifty hit fresh highs on earnings hopes

DNMUM392641 | 7/18/2017 | Author : DNA Money Correspondent | WC :188

Mumbai : Dalal Street closed Monday’s session in the green on renewed strength of the benchmark indices on optimism about corporate earnings.
While the BSE Sensex closed at a fresh high of 32074.78, after jumping 54.03 points, or 0.17%, Nifty closed over the 9900 level for the first time at 9915.95, after inching up 29.60 points, or 0.30%.
Investors’ optimism about encouraging first quarter earnings report by blue-chip companies in the days ahead, clubbed with smooth sailing of monsoon, led the gains.
Wipro emerged as the biggest gainer rising 3.12% ahead of its Board meeting to discuss buyback of shares while Infosys was up 1.37%. Adani Ports, ICICI Bank, Cipla, Hindustan Unilever and Reliance Industries were among other
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TCS cracks $100 billion code
DNMUM412818 | 4/24/2018 12:00:00 AM | Author : Prasanna Deshpande | WC :781

Tata Consultancy Services (TCS) on Monday became the first Indian technology company to cross the $100 billion mark in market capitalisation, over a decade after Reliance Industries achieved the feat in 2007. The Tata Group company is now the only

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Executor, performer, manager vs revenue
DNMUM412754 | 4/24/2018 12:00:00 AM | Author : Rama Moondra | WC :547

Alfred P Sloan took over as president of General Motors (GM) in 1923. Ford was the dominating the sector with 60% share of the US car market against GM’s 20%. Sloan realised that GM needed a different price strategy as well as market penetration and
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Rate hike would hamper growth
DNMUM412759 | 4/24/2018 12:00:00 AM | Author : G Chokkalingam | WC :393

Last week the 10-year benchmark bond yield hit over two-year high as the minutes of the monetary policy committee (MPC) revealed the preference of a member “to vote for a beginning of the withdrawal of accommodation in the next MPC meeting in June.”
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Markets end flat amid choppy trade
DNMUM412760 | 4/24/2018 12:00:00 AM | Author : DNA Money Correspondent | WC :139

Mumbai: The benchmark indices rose to their highest level in two months on Monday, though volatility continued throughout the trading session due to negative Asian cues, Europe market opening lower and rupee weakening. Sensex closed at 34450.77 after
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