Sensex ends 139 pts higher ahead of Fed policy outcome; Realty stocks gain
All that happened in the markets today
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Sensex, Nifty rose on Wednesday, with financial stocks accounting for nearly half the gains, while investors awaited the outcome of the US Federal Reserve policy meet later in the day.
The Federal Reserve is expected to raise interest rates at its first policy meeting under Chairman Jerome Powell and may signal more hikes are coming in response to tax cuts and government spending that could further stoke a robust US economy.
The US central bank projected late last year that it would lift rates three times in 2018, but some investors believe the fiscal stimulus and recent hints of inflation pressures will push policymakers to add an additional increase to the mix.
In the global markets, a hush settled over financial markets on Wednesday as investors waited to hear how often the Federal Reserve might hike interest rates this year, while the currencies of exporting nations were rattled by fears of a full-blown trade war.
MSCI’s broadest index of Asia-Pacific shares outside Japan was barely changed after four straight days of losses. Japan's Nikkei was closed for a local holiday.
(with Reuters inputs)
3:42 PM
Nifty Realty index ends 0.79% higher
| COMPANY | LATEST | PREV CLOSE | GAIN() | GAIN(%) | VOLUME |
| OBEROI REALTY | 502.50 | 482.60 | 19.90 | 4.12 | 1140716 |
| INDBULL.REALEST. | 204.30 | 199.45 | 4.85 | 2.43 | 9093427 |
| GODREJ PROPERT. | 739.70 | 732.30 | 7.40 | 1.01 | 142705 |
| DLF | 216.05 | 215.40 | 0.65 | 0.30 | 3574369 |
| BRIGADE ENTERPR. | 255.90 | 255.25 | 0.65 | 0.25 | 98916 |
3:38 PM
Sectoral Trend
3:35 PM
BSE Sensex: Airtel, NTPC top gainers of the day, Tata Steel top loser
3:32 PM
Market at close
The S&P BSE Sensex ended at 33,136, up 139 points while the broader Nifty50 index settled at 10,155, up 31 points.
3:14 PM
Ashok Leyland moves north after large order for buses
Ashok Leyland was up 1.47% to Rs 148 on BSE after the company said it has bagged an order from The Institute of Road Transport, Tamil Nadu for supply of 2,100 buses. The announcement was made during market hours today. READ MORE
3:01 PM
Volume Toppers
| COMPANY | PRICE() | CHG() | CHG(%) | VOLUME |
|---|---|---|---|---|
| REL. COMM. | 25.45 | 2.30 | 9.94 | 11247694 |
| JP ASSOCIATES | 19.50 | -0.50 | -2.50 | 7690967 |
| UNITECH | 6.07 | 0.00 | 0.00 | 6342765 |
| IDBI BANK | 74.95 | 1.30 | 1.77 | 4271013 |
| SUZLON ENERGY | 11.30 | 0.00 | 0.00 | 3357190 |
2:45 PM
Arvind rises on JV with Adient
Arvind rose 1.02% to Rs 391.50 on BSE after the company announced the formation of Adient Arvind Automotive Fabrics, a joint venture that will develop, manufacture and sell automotive fabrics in India. The announcement was made during market hours today. READ MORE
2:32 PM
Kwality was up 1.93% to Rs 87 on BSE, with the stock recovering on bargain hunting after a recent sell-off.
Shares of Kwality had fallen 14.56% in the previous four trading sessions to settle at Rs 85.35 on Tuesday, 20 March 2018, from its close of Rs 99.90 on 14 March 2018. READ MORE
Kwality recovers on bargain hunting
Kwality was up 1.93% to Rs 87 on BSE, with the stock recovering on bargain hunting after a recent sell-off.
Shares of Kwality had fallen 14.56% in the previous four trading sessions to settle at Rs 85.35 on Tuesday, 20 March 2018, from its close of Rs 99.90 on 14 March 2018. READ MORE
2:15 PM
Sugar stocks advanced on BSE after the government on Tuesday, scrapped the 20% export duty on sugar in a bid to lift its domestic price.
KCP Sugar & Industries (up 4.31%), Dwarikesh Sugar Industries (up 1.44%), EID-Parry (India) (up 1.55%), Dhampur Sugar Mills (up 2.45%), Sakthi Sugars (up 2.52%), Rana Sugars (up 2.24%), Balrampur Chini Mills (up 1.45%) and Bajaj Hindusthan Sugar (up 0.79%) gained. Shree Renuka Sugars was flat at Rs 15.50. READ MORE
Sugar stocks gain as Govt scraps export duty
Sugar stocks advanced on BSE after the government on Tuesday, scrapped the 20% export duty on sugar in a bid to lift its domestic price.
KCP Sugar & Industries (up 4.31%), Dwarikesh Sugar Industries (up 1.44%), EID-Parry (India) (up 1.55%), Dhampur Sugar Mills (up 2.45%), Sakthi Sugars (up 2.52%), Rana Sugars (up 2.24%), Balrampur Chini Mills (up 1.45%) and Bajaj Hindusthan Sugar (up 0.79%) gained. Shree Renuka Sugars was flat at Rs 15.50. READ MORE
2:05 PM
Market Check
| S&P BSE Sensex | 33,195.68 | 0.60% | |
| Nifty 50 | 10,173.90 | 0.49% | |
| S&P BSE 200 | 4,452.09 | 0.52% | |
| Nifty 500 | 8,964.80 | 0.50% | |
| S&P BSE Mid-Cap | 16,073.53 | 0.49% | |
| S&P BSE Small-Cap | 17,283.81 | 0.53% | |
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First Published: Mar 21 2018 | 3:30 PM IST