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Sensex ends 139 pts higher ahead of Fed policy outcome; Realty stocks gain

All that happened in the markets today

SI Reporter  |  New Delhi 

markets, stocks, sensex, nifty, bse, nse
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Sensex, rose on Wednesday, with financial 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 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 outside Japan was barely changed after four straight days of losses. Japan's Nikkei was closed for a local holiday.

(with Reuters inputs)

Sensex ends 139 pts higher ahead of Fed policy outcome; Realty stocks gain

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

Sensex ends 139 pts higher ahead of Fed policy outcome; Realty stocks gain

Sectoral Trend

Sensex ends 139 pts higher ahead of Fed policy outcome; Realty stocks gain

BSE Sensex: Airtel, NTPC top gainers of the day, Tata Steel top loser

Sensex ends 139 pts higher ahead of Fed policy outcome; Realty stocks gain

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.

Sensex ends 139 pts higher ahead of Fed policy outcome; Realty stocks gain

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  

Sensex ends 139 pts higher ahead of Fed policy outcome; Realty stocks gain

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

Sensex ends 139 pts higher ahead of Fed policy outcome; Realty stocks gain

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

Sensex ends 139 pts higher ahead of Fed policy outcome; Realty stocks gain

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

Sensex ends 139 pts higher ahead of Fed policy outcome; Realty stocks gain

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

Sensex ends 139 pts higher ahead of Fed policy outcome; Realty stocks gain

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%

Sensex ends 139 pts higher ahead of Fed policy outcome; Realty stocks gain

IPO Note on ICICI Securities by Centrum Wealth   Subscribe for long term   Price Band Rs519-520    ICICI Securities Ltd (ISec) is a leading technology-based securities firm in India, led by ICICI Bank, in India that offers a wide range of financial services including brokerage, financial product distribution and investment banking and focuses on both retail and institutional clients. ISec is the largest equity broker since FY14 by brokerage revenue and active customers on NSE. Over FY13-17, the revenue, EBITDA and net profit witnessed a CAGR of 19%, 38% and 45%, respectively. The company has also maintained healthy return ratio with RoE of >30% since FY13 and it stood at 77.5% for FY17.

First Published: Wed, March 21 2018. 15:30 IST
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Sensex ends 139 pts higher ahead of Fed policy outcome; Realty stocks gain

All that happened in the markets today

Sensex, rose on Wednesday, with financial 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 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 outside Japan was barely changed after four straight days of losses. Japan's Nikkei was closed for a local holiday.

(with Reuters inputs)

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