• EKSPLORASI.ID
  • MONETER.ID
  • BANTEN.CO
Selasa, Oktober 28, 2025
  • Login
EKSPLORASI.ID
  • HOME
  • BERITA
  • INDEPTH
  • RAGAM
  • ENGLISH NEWS
  • OPINI
  • VIDEO
  • FOTO
  • INFOGRAFIS
  • INDEKS
No Result
View All Result
  • HOME
  • BERITA
  • INDEPTH
  • RAGAM
  • ENGLISH NEWS
  • OPINI
  • VIDEO
  • FOTO
  • INFOGRAFIS
  • INDEKS
No Result
View All Result
EKSPLORASI.ID
No Result
View All Result
Home ENGLISH NEWS

Indian Stocks Rise to Eight-Month High as Energy Companies Gain

by Eksplorasi.id
19 Agustus 2016
in ENGLISH NEWS
0
Tingkat Suplai Berlebihan Buat Harga Minyak Bearish

Oil price illustration. (Photo: Source)

0
SHARES
46
VIEWS
Share on WhatsappShare on Facebook

Eksplorasi.id – Indian stocks rose for a sixth day, taking the benchmark index closer to a bull market, as energy companies and industrials climbed on optimism an improving economy will bolster corporate earnings.

Oil & Natural Gas Corp., the largest state-run explorer, rallied to a six-month high, while Adani Ports & Special Economic Zone Ltd. was the best performer on the S&P BSE Sensex.

Tata Motors Ltd., owner of Jaguar Land Rover, climbed to more than a one-week high. State Bank of India, the nation’s biggest, rallied to a six-month high, while ICICI Bank Ltd. extended last week’s 4.1 percent climb.

The Sensex added 0.5 percent to 27,278.76, its highest level since Oct. 26, coming within 1 percent of entering a bull market. Foreigners bought $771 million in stocks in June, a fourth month of inflow, as earnings recovered after falling in four of the previous five quarters and the government took steps to boost growth.

A rebound in global equities amid speculation that central banks will take steps to ease the economic fallout from the shock U.K. decision to leave the European Union, has bolstered sentiment, according to Angel Broking Ltd.

“If corporate earnings show signs of sustaining revival in this quarter, and if the GST bill is cleared by Parliament, investor sentiments will remain positive,” Mayuresh Joshi, head of institutional sales at Mumbai-based Angel, said in an interview with Bloomberg TV India on Monday. “Markets have brushed off Brexit fears and there are no expectations of the U.S. Fed raising rates in July. That’s rubbing off on our markets.”

Market Rebound

The Sensex has climbed 19 percent from a low in February, approaching the 20 percent threshold for a bull market. The rally has been powered by forecasts for above-normal rainfall after back-to-back droughts and data showing the country expanding faster than all other major economies.

Last month, the gauge completed its best quarter since Prime Minister Narendra Modi’s election victory in May 2014, as the government eased rules on foreign direct investment, approved a new mining policy and said it would seek to pass a constitutional amendment authorizing the goods-and-services tax in the parliament session starting July 18.

ONGC surged 3.1 percent, extending last week’s 7.5 percent rally. Adani Ports jumped 4.4 percent to its highest level since May 3. Tata Motors added 2.5 percent. State Bank of India increased 1.6 percent to its highest level since Jan. 1. ICICI Bank soared 3.3 percent to a three-week high.

 The Sensex has advanced 4.5 percent this year and that’s pushed up its valuation to 16.4 times projected 12-months profits, versus a five-year mean of 14.3 and a multiple of 12.1 for the MSCI Emerging Markets Index, data compiled by Bloomberg show.
Eksplorasi | Bloomberg | Aditya
Tags: Indian
Eksplorasi.id

Eksplorasi.id

Next Post
Harga Gas Turun, Beban Dana Subsidi Pupuk Bisa Berkurang

Holding BUMN Energi Diklaim Optimalkan Gas Hulu dalam Negeri

Tinggalkan Balasan Batalkan balasan

Alamat email Anda tidak akan dipublikasikan. Ruas yang wajib ditandai *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

Gerak Air Laut Bisa Dimanfaatkan untuk Energi Listrik

Ketua PNTI HE Purnomo: Nelayan Jangan Mengeluh soal BBM, Ada Jalan Keluar!

9 tahun ago
ESDM Target Rampungkan Amendemen Kontrak Tambang

Margin Pemasok Batubara Pembangkit Mulut Tambang Dipangkas

10 tahun ago

Sering Dibaca

  • Menyigi Kedekatan Massa Manik dan Grup Danatama

    Menyigi Kedekatan Massa Manik dan Grup Danatama

    0 shares
    Share 0 Tweet 0
  • Berikut Ini Empat Masalah Besar yang Dihadapi Pertamina

    0 shares
    Share 0 Tweet 0
  • Biji Kamandrah Diprediksi Jadi Energi Alternatif Masa Depan

    0 shares
    Share 0 Tweet 0
  • PLTU Batubara Ujung-ujungnya Cuma Menyengsarakan

    0 shares
    Share 0 Tweet 0
  • PBNU siap kelola konsesi tambang batu bara seluas 26 ribu hektare di Kaltim

    0 shares
    Share 0 Tweet 0

RSS Moneter.id

  • Segera Digelar, Program Menarik Siap Meriahkan GIIAS Makassar 2025 28 Oktober 2025
  • Lima Cara Trading Crypto Futures dengan Mudah dan Aman 27 Oktober 2025
  • ESSA Perkuat Fondasi Pertumbuhan Berkelanjutan Dengan Pencapaian Posisi Bebas Utang 27 Oktober 2025
  • Pupuk Indonesia Turunkan HET Pupuk Subsidi, Ini Daftar Jenis dan Harganya 27 Oktober 2025
  • Allianz Capai Rekor Valuasi Brand Tertinggi sebesar USD 28,2 Miliar 27 Oktober 2025
  • Simon Tung Ditunjuk Kaspersky Untuk Memimpin Bisnis ASEAN yang Lebih Kuat 27 Oktober 2025
  • Film Demon Slayer Baru Memicu Kampanye Penipuan Di Seluruh Dunia 27 Oktober 2025
  • Volvo Perkuat Portofolio Kendaraan Listrik dengan Peluncuran SUV The Refreshed XC60 dan XC90  27 Oktober 2025
  • Laba Bersih Pegadaian Naik 27,7% per Kuartal III-2025 27 Oktober 2025
  • Wamen Ekraf : Indonesia Comic Con X Indonesia Anime Con Bisa Jadi Wadah Kolaborasi Ekosistem Kreatif 27 Oktober 2025
EKSPLORASI.ID

© 2020 Eksplorasi.id - REFERENSI BERITA ENERGI

Navigate Site

  • REDAKSI
  • KETENTUAN LAYANAN
  • PEDOMAN SIBER
  • HUBUNGI KAMI

Follow Us

No Result
View All Result
  • HOME
  • BERITA
  • INDEPTH
  • RAGAM
  • ENGLISH NEWS
  • OPINI
  • VIDEO
  • FOTO
  • INFOGRAFIS
  • INDEKS

© 2020 Eksplorasi.id - REFERENSI BERITA ENERGI

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In