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Sensex Recovers, Air India Operating Profit Doubles et al.

Professor of Financial Economics and Part-time Value Investor, Transfin.
Feb 8, 2018 1:43 PM 1 min read

End of Day Wrap-up (Thursday / February 8, 2018) #sensex #pharma #IT #AirIndia #Swiggy #SEBI #AutoExpo2018 #BoE #interestrates #Transfin

Editor's comment: Sensex recovers from 7-day long losing streak, rises over 330 points to 34,413, while NIFTY closes at 10,576. Pharma, cement and IT stocks rally.

Air India consistently improves its operating and financial performance, doubling profits to INR298 cr in FY17 on back of government turnaround plan.

Soon after Zomato’s funding by Alibaba, Swiggy raises $100 m in series F funding led by South African investor Naspers and Tencent-backed Meituan Dianping.

Bank of England votes unanimously to keep interest rates on hold at 0.5%. However, anticipates an earlier and faster hike. Future outlook positive, global growth expected to lift UK economic growth.