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Nifty ends 1.2% higher, Sensex up 352 points; auto, realty indices gain

All that happened in the markets today

SI Reporter  |  New Delhi 

markets, stocks, sensex, nifty, bse, nse
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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

Benchmark indices ended higher with ending over 350 points higher while ending firmly above 10,150-mark, bouncing back after two days of losses on Thursday, led by banking, telecom, metal and auto stocks.

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.

Meanwhile, an order mandating banks to lower the merchant discount rate they charge on debit cards did not affect sentiment.

However, broader gains were capped ahead of elections in the western state of Gujarat due this weekend, in a critical test for Prime Minister Modi.

Globally, hovered above two-month lows as some high-tech bellwethers bounced back after a searing sell-off although softer and copper prices and uncertainty over US policy kept many investors cautious.

First Published: Thu, December 07 2017. 15:30 IST
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Nifty ends 1.2% higher, Sensex up 352 points; auto, realty indices gain

All that happened in the markets today

All that happened in the markets today
Benchmark indices ended higher with ending over 350 points higher while ending firmly above 10,150-mark, bouncing back after two days of losses on Thursday, led by banking, telecom, metal and auto stocks.

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.

Meanwhile, an order mandating banks to lower the merchant discount rate they charge on debit cards did not affect sentiment.

However, broader gains were capped ahead of elections in the western state of Gujarat due this weekend, in a critical test for Prime Minister Modi.

Globally, hovered above two-month lows as some high-tech bellwethers bounced back after a searing sell-off although softer and copper prices and uncertainty over US policy kept many investors cautious.
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Business Standard
177 22

Nifty ends 1.2% higher, Sensex up 352 points; auto, realty indices gain

All that happened in the markets today

Benchmark indices ended higher with ending over 350 points higher while ending firmly above 10,150-mark, bouncing back after two days of losses on Thursday, led by banking, telecom, metal and auto stocks.

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.

Meanwhile, an order mandating banks to lower the merchant discount rate they charge on debit cards did not affect sentiment.

However, broader gains were capped ahead of elections in the western state of Gujarat due this weekend, in a critical test for Prime Minister Modi.

Globally, hovered above two-month lows as some high-tech bellwethers bounced back after a searing sell-off although softer and copper prices and uncertainty over US policy kept many investors cautious.

image
Business Standard
177 22