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Sensex ends 205 pts higher, Nifty above 10,300; PSU banks, IT stocks lead

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SI Reporter  |  New Delhi 

Bonds, Stock markets, Shares, Trading

Top index gainer: Nifty IT Source: NSE Sectoral Trend Source: NSE Top Sensex gainers and losers Source: BSE Broader Markets In broader markets, the BSE midcap ended 0.36% higher while BSE Smallcap index settled at 0.22% higher Markets at Close The S&P BSE Sensex ended at 33,455, up 205 points while the broader Nifty50 index settled at 10,326, up 61 points Oil prices stable as ongoing Opec cuts countered by rising US rig drilling   Oil markets were stable on Monday as ongoing output cuts led by Opec were countered by rising US drilling activity that points to a further increase in American production.   US West Texas Intermediate (WTI) crude futures were at $57.32 a barrel at 0749 GMT, down 4 cents from their last settlement.   Brent crude futures, the international benchmark for oil prices, were unchanged at $63.40 a barrel.   Crude prices have gained well over a third in value from their 2017 lows, largely due to production cuts by the Organization of the Petroleum Exporting Countries (Opec) and a group of non-Opec producers, including Russia, which have been in place since the start of the year. READ MORE

Benchmark indices ended higher on Monday, tracking Asian peers that climbed on positive US payrolls and Chinese trade data, with investors continuing to bet on a possible win for the country’s ruling party BJP in a Gujarat election.

are hoping for a big success by Prime Minister Narendra Modi and his ruling Bharatiya Janata Party in assembly elections in Gujarat, with tens of thousands voting in the first stage of the polls on Saturday.

A victory would help boost the government’s re-election prospects during general elections in 2019 and reinforce its reform agenda, although analysts said it was already being priced into markets, making the margin of a win crucial to further boost shares.

Investors also await retail inflation data which likely breached the central bank's 4.0% medium-term target in November after unseasonably heavy rains sent food prices soaring, a Reuters poll showed.

In the poll of more than 30 economists, annual consumer inflation, due to be released on Dec. 12, was seen surging to a 13-month high of 4.20% in November from October's 3.58%.

First Published: Mon, December 11 2017. 15:31 IST
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Sensex ends 205 pts higher, Nifty above 10,300; PSU banks, IT stocks lead

Catch all live market action here

Catch all live market action here
Benchmark indices ended higher on Monday, tracking Asian peers that climbed on positive US payrolls and Chinese trade data, with investors continuing to bet on a possible win for the country’s ruling party BJP in a Gujarat election.

are hoping for a big success by Prime Minister Narendra Modi and his ruling Bharatiya Janata Party in assembly elections in Gujarat, with tens of thousands voting in the first stage of the polls on Saturday.

A victory would help boost the government’s re-election prospects during general elections in 2019 and reinforce its reform agenda, although analysts said it was already being priced into markets, making the margin of a win crucial to further boost shares.

Investors also await retail inflation data which likely breached the central bank's 4.0% medium-term target in November after unseasonably heavy rains sent food prices soaring, a Reuters poll showed.

In the poll of more than 30 economists, annual consumer inflation, due to be released on Dec. 12, was seen surging to a 13-month high of 4.20% in November from October's 3.58%.

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Business Standard
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Sensex ends 205 pts higher, Nifty above 10,300; PSU banks, IT stocks lead

Catch all live market action here

Benchmark indices ended higher on Monday, tracking Asian peers that climbed on positive US payrolls and Chinese trade data, with investors continuing to bet on a possible win for the country’s ruling party BJP in a Gujarat election.

are hoping for a big success by Prime Minister Narendra Modi and his ruling Bharatiya Janata Party in assembly elections in Gujarat, with tens of thousands voting in the first stage of the polls on Saturday.

A victory would help boost the government’s re-election prospects during general elections in 2019 and reinforce its reform agenda, although analysts said it was already being priced into markets, making the margin of a win crucial to further boost shares.

Investors also await retail inflation data which likely breached the central bank's 4.0% medium-term target in November after unseasonably heavy rains sent food prices soaring, a Reuters poll showed.

In the poll of more than 30 economists, annual consumer inflation, due to be released on Dec. 12, was seen surging to a 13-month high of 4.20% in November from October's 3.58%.

image
Business Standard
177 22