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Sensex ends 193 pts higher, Nifty regains 10250 ahead of Gujarat exit polls

All that happened in today's trade

SI Reporter  |  New Delhi 

markets, stocks, sensex, nifty, bse, nse

Jayant Manglik, President, Retail Distribution, Religare Securities    Nifty gained over half a percent amid volatility, in continuation to the prevailing sideways trend. The decision of rate hike by the US Fed fell in line with the market expectation and hence failed to generate much buzz in early trades. After initial uptick, Nifty drifted lower and tested 10150. However, the mood changed completely in the latter half and it made a strong recovery to end with decent gains.   With the end of second phase of voting in Gujarat, exit polls will start pouring in and markets would react accordingly. Nifty has been hovering in a broader band i.e. 10050 and 10350 and either side decisive break will trigger the next directional move. We suggest continuing with hedged approach and waiting for further clarity. Sensex heatmap at close Source: BSE Markets at close The S&P BSE Sensex settled at 33,246, up 193 points, while the broader Nifty50 ended at 10,252, up 59 points.  Index Current Pt. Change % Change   S&P BSE SENSEX 33,246.70 +193.66 +0.59   S&P BSE SENSEX 50 10,699.03 +60.56 +0.57   S&P BSE SENSEX Next 50 35,130.69 +98.23 +0.28   S&P BSE 100 10,709.18 +55.67 +0.52   S&P BSE Bharat 22 Index 3,687.13 +23.32 +0.64 Source: BSE Waterbase hits new high   The Waterbase Limited (TWL) hit a new high of Rs 275, up 20% on the BSE, extending its past one month rally, after the company reported nearly four-fold jump in net profit at Rs 9.4 crore in September quarter (Q2FY18). The company engaged in food products business had posted profit of Rs 2.6 crore in a year ago quarter. READ MORE Buzzing stock   Shemaroo Entertainment gained nearly 3% to Rs 409 on BSE after the company's consolidated net profit rose 24.15% to Rs 18.71 crore on 18.19% rise in total income to Rs 134.57 crore in Q2 September 2017 over Q2 September 2016. Sectoral trend in last leg of trade  Source: NSE

In a volatile trading session, the benchmark indices ended higher as investors waited for early forecasts on the winner of a key state election, with sentiment also muted as inflation ticked higher and industrial output weakened.

Votes from the Gujarat election will be counted on December 18 and the results will be announced the same day, but were on edge ahead of exit polls due later on Thursday that usually indicate the likely winner ahead of official results.

The volatility index, a barometer of investor fear, hit its highest level since February 1 on Thursday.

Overseas, The raised interest rates for a third time this year on Wednesday, but left its rate outlook unchanged.

First Published: Thu, December 14 2017. 15:35 IST
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Sensex ends 193 pts higher, Nifty regains 10250 ahead of Gujarat exit polls

All that happened in today's trade

All that happened in today's trade
In a volatile trading session, the benchmark indices ended higher as investors waited for early forecasts on the winner of a key state election, with sentiment also muted as inflation ticked higher and industrial output weakened.

Votes from the Gujarat election will be counted on December 18 and the results will be announced the same day, but were on edge ahead of exit polls due later on Thursday that usually indicate the likely winner ahead of official results.

The volatility index, a barometer of investor fear, hit its highest level since February 1 on Thursday.

Overseas, The raised interest rates for a third time this year on Wednesday, but left its rate outlook unchanged.

image
Business Standard
177 22

Sensex ends 193 pts higher, Nifty regains 10250 ahead of Gujarat exit polls

All that happened in today's trade

In a volatile trading session, the benchmark indices ended higher as investors waited for early forecasts on the winner of a key state election, with sentiment also muted as inflation ticked higher and industrial output weakened.

Votes from the Gujarat election will be counted on December 18 and the results will be announced the same day, but were on edge ahead of exit polls due later on Thursday that usually indicate the likely winner ahead of official results.

The volatility index, a barometer of investor fear, hit its highest level since February 1 on Thursday.

Overseas, The raised interest rates for a third time this year on Wednesday, but left its rate outlook unchanged.

image
Business Standard
177 22