In US, the Dow closed at a record as investors cheered the weekend passage of the Senate version of a sweeping overhaul of the US tax code. However, the S&P 500 and the Nasdaq finished lower as large-capitalization technology names took a beating. The Dow Jones Industrial Average added 0.2%. The S&P 500 shed 0.1%. The Nasdaq Composite Index fell 1.1%.
Closer home, foreign portfolio investors (FPIs) sold shares worth a net Rs 333.59 crore yesterday, 4 December 2017, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 776.18 crore yesterday, 4 December 2017, as per provisional data.
Markit Economics will unveil the result of a monthly survey on the performance of India's services sector in November 2017 today, 5 December 2017.
Among corporate news, interest rate sensitive stocks will be in focus as the Reserve Bank of India's (RBI) monetary policy committee (MPC) will meet today, 5 December 2017 and tomorrow, 6 December 2017, for the fifth bi-monthly monetary policy decision for FY 2018. The resolution of the MPC will be placed on the RBI website at 14:30 IST tomorrow, 6 December 2017.
Key benchmark indices settled with small gains yesterday, 4 December 2017, after witnessing volatility in intraday trade. The barometer index, the S&P BSE Sensex, rose 36.78 points or 0.11% to settle at 32,869.72. The Nifty 50 index rose 5.95 points or 0.06% to settle at 10,127.75.
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