Sensex ends 176 pts higher, Nifty regains 10,500; PSU banks, metals rally
All that happened in today's trade
SI Reporter |
Last Updated at January 4, 2018 16:00 IST
Anand James, Chief Market Strategist, Geojit Financial Services
Release of the next instalment of funds earmarked for bank recapitalisation proved to be a shot in the arm for PSBs, especially as some of the weak banks had been hauled up by RBI for prompt and corrective action. FOMC minutes and firmness in global equity peers also helped, but with oil hovering around $62, markets were measured in their rise.
3:48 PM Sectoral trend
Markets at close
The S&P BSE Sensex ended at 33,969, up 176 points, while the Nifty50 settled at 10,504, up 61 points.
3:41 PM Sensex heatmap at close
Aurionpro Solutions surged 15% to Rs 284, also its 52-week high on BSE in intra-day trade, after Cyberinc, the company's subsidiary, entered into a definitive agreement with KPMG LLP, USA, for sale of its Identity and Access Management (IAM) business. The transaction is expected to close on January 31, 2018.
“Cyberinc’s IAM business is the largest independent IAM provider in the world. The proposed sale will require participation of Cyberinc US, UK, Australia and Aurionpro India,” Aurionpro Solutions said in a regulatory. READ MORE
3:10 PM PSU bank stocks rally on bank recap plans
The Indian government on Thursday sought parliament approval for Rs 800 billion ($12.62 billion) extra spending to recapitalise state banks as part of a move to help lenders deal with bad debts and revive credit growth. READ MORE
First Published: Thu, January 04 2018. 15:36 IST