Market rundown by Vinod Nair, Head of Research, Geojit Financial Services "Market smartly recouped from the yesterdays losses which was triggered by RBIs hawkish policy and weakness in global market. However, RBI reiterating an economic growth of 6.7% for FY18 uplifted the sentiment. Upcoming state election in Gujarat and rupee movement against dollar ahead of US tax reform will be keenly watched for further momentum in the market." Nifty Auto gained nearly 2% Source: NSE Stock in News Airtel up 6% after the company joined hands with Intex to launch a range of affordable 4G smartphones starting at Rs 1,649 Realty index rebounds after falling 4 sessions Source: NSE Sectoral Trend: All indicesended the day in green Source: NSE Top Sensex gainers and losers Source: BSE
Lenders such as State Bank of India on expectations that the government would soon reveal details of a recapitalisation plan. Reserve Bank of India Governor Urjit Patel said on Wednesday the government would “in coming days” detail how it plans to inject an announced $32 billion into state-run lenders, which was announced in October.