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12 June
2018
The
major indices of the Indian stock markets gained on Tuesday on the backdrop of
the Kim-Trump meeting in Singapore. On the NSE, there were 1,033 advances, 749
declines and 86 unchanged. The trends of the major indices in the course of
Tuesday’s trading are given in the table below:
The
Sensex touched a high of 35,743.08 points and a low of 35,479.07 points during
the intra-day trade. The BSE market breadth was bullish with 1,440 advances and
1,224 declines. The top gainers on the Sensex were Dr Reddy's Lab, State Bank
of India (SBI), IndusInd Bank, Hindustan Unilever and Hero MotoCorp and whereas
Bharti Airtel, Tata Steel, Coal India, ONGC and Yes Bank were the major losers.
On the NSE, Lupin, Dr Reddy's Lab and SBI were the highest gainers while Bharti
Airtel, Hindalco Industries and Tata Steel lost the most. The
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India's
industrial output rose by 4.9% in April 2018 from a rise of 4.57% in March,
official data showed on Tuesday. According to the data furnished by the Central
Statistics Office (CSO), the corresponding growth during April 2017 stood at
3.2%."The General Index for the month of April 2018 stands at 123, which
is 4.9% higher as compared to the level in the month of April 2017," CSO
said in the "Quick estimates of index of Industrial Production. The
cumulative growth for the period April-March 2017-18 over the corresponding
period of the previous year stands at 4.3%." The
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The
combined push of food and fuel prices continued to drive up retail inflation in
India in May towards the 5% mark, official data showed on Tuesday. As per
numbers furnished by the Central Statistics Office, the consumer price index
(CPI) inflation in May stood at 4.87%, recording more than double the growth
over the 2.18% recorded in May last year, and up from the 4.58% in April 2018.
North
Korean leader Kim Jong-un agreed with US President Donald Trump to completely
denuclearize the Korean Peninsula in exchange for security guarantees,
according to an agreement signed between them here on Tuesday. In the pact that
came after an over four-hour historic summit between Trump and Kim earlier in
the day, the two countries also committed to work towards the development of
fresh relations and promote "peace, prosperity and security" in the
region. The meeting was held at the Capella Hotel on Singapore's resort
island of Sentosa. "President Trump committed to provide security
guarantees to North Korea and Chairman Kim Jong-Un reaffirmed his firm and
unwavering commitment to complete denuclearization of the Korean
Peninsula," the agreement said. It also said that US Secretary of State
Mike Pompeo will meet a senior North Korean official "at the earliest
possible date" to continue with the negotiations. The
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The
construction sector's share in India's overall gross value added (GVA) declined
to 7.4% in the financial year 2017-18 (FY18) from 9.6% in FY12 owing to poor
demand in the real estate sector and lower capital expenditure, said a report
on Tuesday. The joint report by Assocham and ICRA, titled "EPC Contracting
- Efficiency in Infrastructure Creation", said over the last five to seven
years, growth in construction GVA has been lower than the growth in overall
GVA. The construction sector with a GVA worth Rs 10.6 trillion (FY17) is of
significant importance to Indian economy as it plays a major role in economic
growth, provides major employment and occupies a pivotal position in country's
development plans, as per the report.
The
top gainers and top losers of the major indices are given in the table below:
The
closing values of the major Asian indices are given in the table below: The
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Major Indices (The Total
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