Photo: MintMumbai: BSE Sensex rose on Monday, snapping a 5-day losing run, as some of the losses were seen as overdone and weak US inflation data dampened prospects of a rate hike this year, lifting sentiment across global markets. “But thereafter, the reason has been the strength in Bank Nifty, HDFC, and exhaustion of selling pressure in the markets.” The benchmark BSE Sensex rose after falling nearly 3.5% last week. ■ 12.50pm : BSE Sensex trades higher by 252 points, or 0.81%, to 31,465, while the Nifty 50 rises 87 points, or 0.89%, to 9,798. ■ 10.08am: Avanti Feeds Ltd rose 16% to Rs1,905 after the company reported over 200% jump in its net profit to Rs148.70 crore against Rs48.96 crore a year ago. The company reported a net loss of Rs85.98 crore against Rs10.43 crore a year ago.

Source: Mint August 14, 2017 04:17 UTC