As Sensex gains 611 points, investor wealth surges by Rs 1.78 trn

A trader reacts as he watches screens on the floor of the New York Stock Exchange in New York on Feb 5

After opening on a strong footing, the Sensex gained 610.80 points (1.83%) to close at 33,917.

Fed indicators: Headline inflation will be out on Tuesday followed by Wednesday's retail sales numbers which could provide more insight into the strength of USA growth. This is the biggest single-day gain since March 2016. The 50-share Nifty was trading 102.80 points or 1.01% higher at 10,329.65.

The US data showed nonfarm payrolls jumped by 313,000 jobs last month, but annual growth in average hourly earnings slowed to 2.6% after a spike in January.

Arkansas Crushed By Tennessee in SEC Semifinals
Lamonte Turn rounds out the trio of Volunteers scoring double digits per game, as he is scoring 10.7 per game. Bone was 7-of-7 from the floor for 17 points in the period. "It's just a sense of maturity", Bone said.

In the Asian region, Hong Kong's Hang Seng was up 1.68 per cent and Shanghai Composite Index rose 0.75 per cent, while Japan Nikkei edged higher by 1.72 per cent in early trade.

"Global stocks gained as worldwide trade war concerns waned and were replaced by economic optimism following a stronger USA jobs report", said Karthikraj Lakshmanan, senior fund manager at BNP Paribas Mutual Fund. "Good jobs data and subsequent rise in U.S. equities on Friday has revived risk appetite, with index heavy weights among the top gainers. State-owned banks and midcaps were reluctant though, and markets look forward to CPI-WPI figures to get further boost", said an analyst.

Short-covering during the later part of the day also helped stocks as investors were seen buying metal, oil & gas, FMCG, banking, power, infrastructure, IT, auto and capital goods stocks.

Eagles reportedly trade WR Torrey Smith to Panthers for CB Daryl Worley
Cornerback Daryl Worley is headed back to Philly in a deal that can't be officially consummated until March 14. The Eagles will exercise the 2018 option on Smith before dealing him to Carolina, according to the source.

Firm trend in other Asian markets and higher opening in European bourses, following a good show by Wall Street on Friday, lifted investors' mood in domestic markets.

Market participants will keep a close eye on domestic macro-economic data releases.

Rory Best says Ireland must be 'bigger and stronger' against Scotland
When playing Ireland or South Africa, Barclays says Scotland's physio has to order in extra ice bags, because he gets through more to nurse injuries when playing them, as opposed to any other nation.

Related news:

Hot News

isis-killer-beheading-video-story-top Edmonton's unemployment rate dips slightly in February: StatsCan
Mar 12, 2018 - 02:01
Most economists agree that public-sector job growth isn't sustainable, and private-sector job gains are needed to maintain growth. State officials say Ohio's unemployment rate dropped to 4.7 percent in January but remained higher than the national rate.

isis-killer-beheading-video-story-top Sean McDonough leaving 'Monday Night Football' to rejoin ESPN's college football team
Mar 12, 2018 - 02:00
He also spent 10 years at CBS Sports when he was the network's lead college football play-by-play announcer from 1997 to 1999. McDonough's other CBS assignments included a diverse array of sports - men's and women's college basketball, NFL , golf, U.S.

isis-killer-beheading-video-story-top AJ Styles reveals thoughts on possibly main eventing WrestleMania 34
Mar 12, 2018 - 02:00
Asuka WrestleMania match to give creative an easy way out of booking a clean finish to the singles match. The reality is that every match on the card won't make the Match of the Year nominees list.

isis-killer-beheading-video-story-top Strong bench gives Ireland the edge over Scotland as Tadhg Furlong returns
Mar 12, 2018 - 01:55
Blair Kinghorn will replace Tommy Seymour in the only change to Scotland's starting line-up for Saturday's Six Nations match against Ireland in Dublin.

isis-killer-beheading-video-story-top Rangers host Celtic in biggest Old Firm in six years
Mar 11, 2018 - 00:46
Sunderland winger Aiden McGeady has suggested to The Times what Celtic need to do in order to win against Rangers at Ibrox . We'll look to go there and do what we've done before which is play really good football".

isis-killer-beheading-video-story-top USA top diplomat to arrive in Kenya on Friday
Mar 11, 2018 - 00:38
"It was not appropriate to criticise the relations of his hosts - when he was a guest there - with another country", he said. Tillerson arrived in Ethiopia, Africa's second most populous nation, on Wednesday and visited the African Union headquarters.

isis-killer-beheading-video-story-top Palestinian killed in West Bank clashes with Israeli forces
Mar 11, 2018 - 00:37
Muhammed Zain Jabri, age 24 from Hebron, was shot by live fire and taken to a nearby hospital where he later succumbed to his wounds, says the ministry.

isis-killer-beheading-video-story-top Secretly Married? Kylie Jenner Flaunts Diamond Ring with Travis Scott's Initials
Mar 10, 2018 - 00:11
Sources told People that Jenner's in no rush to walk down the aisle anytime soon. "When he wants to work, Kylie is supportive". While Kylie acknowledged the ring could represent Scott, she also points out it pays homage to her BFF Jordyn Woods , too.

isis-killer-beheading-video-story-top Samsung Galaxy On Max price slashed; find out the new price
Mar 10, 2018 - 00:11
I did notice that Samsung is over processing the images a bit but the images are overall "very pleasing" to look at. Instead, both of them come with a traditional fingerprint scanner on their back below the camera module.

isis-killer-beheading-video-story-top Britain, Saudi Arabia move closer to multibillion-dollar arms deal after visit
Mar 10, 2018 - 00:09
BAE confirmed the news in a statement, saying: "This is a positive step towards agreeing a contract for our valued partner". The news comes after the country's Crown Prince Mohammed bin Salman visited Downing Street this week for a three-day tour.

isis-killer-beheading-video-story-top Serena Williams returns to WTA Tour at Indian Wells
Mar 10, 2018 - 00:09
Elder sister Venus watched from a balcony seat in an upper-level box on a 20° night in the southern California desert. For Serena, it has been her first match after a 14-month layoff. "My comeback could not have come on a better day".

isis-killer-beheading-video-story-top Goldman Sachs CEO Lloyd Blankfein to Retire by 2019
Mar 10, 2018 - 00:08
Cohn left, who served as Trump's economic adviser, resigned on Tuesday after a dispute with President Trump over trade tariffs. He declared himself cancer-free about a year later following chemotherapy treatments.

isis-killer-beheading-video-story-top Trump should exempt 'fairly traded' steel, aluminium from tariffs - United States lawmaker Brady
Mar 10, 2018 - 00:08
Round 7 of the NAFTA talks concluded in Mexico City with grim comments by US Trade Representative Robert Lighthizer. But he also referred obliquely to a fourth concern looming in the political backdrop.

isis-killer-beheading-video-story-top Tiger Woods' Comeback Could Have Been Derailed By Incredible Tree Shot
Mar 10, 2018 - 00:07
"I thought it was great, " Woods said ahead of his first round in the Valspar Championshipon Thursday , as quoted on ESPN . Walker (69) and past Innisbrook champion Luke Donald (70) managed to go bogey-free, a rarity on a day like this.

isis-killer-beheading-video-story-top Erdogan: Turkish Forces to Enter Afrin At Any Moment
Mar 10, 2018 - 00:06
Turkish armed forces are besieging the Syrian Kurdish-controlled district of Afrin in northern Syria, Turkey's president has said. When the subject is Turkey, our enemies can become friends in a minute. "We are in Afrin today, we will be in Manbij tomorrow".