You are here: Home » Markets » News
Business Standard

Sensex down 67 points, Nifty ends above 10,100 ahead of RBI policy outcome

All that happened in today's trade

Topics
Market

SI Reporter  |  New Delhi 

The benchmark indices trimmed some losses, but settled lower on Tuesday ahead of Reserve Bank of India (RBI)'s policy outcome due on Wednesday. The RBI is widely expected to keep policy rates on hold, but investors will watch for any hints of a cut at the February meeting. The central bank kicked off its two-day monetary policy committee meeting on Tuesday. Meanwhile, November's Nikkei/IHS Markit Services Purchasing Managers' Index fell to 48.5 - its lowest since August - from 51.7 in October, well below the 50 mark that separates expansion from ...

MONTHLY STAR

Business Standard Digital

Business Standard Digital Monthly Subscription
199.00  
subscribe
Complete access to the premium product
Convenient - Pay as you go
Pay using Amex/Master/VISA Credit Cards and VISA Debit Cards Only
Auto renewed (subject to your card issuer's permission)
Cancel any time in the future
Requires personal information

What you get?

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all the content on any device through browser or app.
  • Exclusive content, features, opinions and comment – hand-picked by our editors, just for you.
  • Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.
  • 18 years of archival data.

NOTE :

  • The product is a monthly auto renewal product.
  • Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
  • To cancel, communicate from your registered email id and send the email with the cancellation request to assist@bsmail.in. Include your contact number for speedy action. Requests mailed to any other ID will not be acknowledged or actioned upon.

SMART ANNUAL

Business Standard Digital
Subscribe Now and get 12 months Free

Business Standard Premium Digital - 12 Months + 12 Months Free
1799.00
subscribe
Subscribe for 12 months and get 12 months free.
Single Seamless Sign-up to Business Standard Digital
Convenient - Once a year payment
Pay using an instrument of your choice -all Credit and Debit Cards, Net Banking, Payment Wallets, and UPI
Exclusive Invite to select Business Standard events

What you get

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all content on any device through browser or app.
  • Exclusive content, features, opinions and comment - hand-picked by our editors, just for you.
  • Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.

NOTE :

  • The monthly duration product is an auto renewal based product. Once subscribed, subject to your card issuer's permission we will charge your card/ payment instrument each month automatically and renew your subscription.
  • In the Annual duration product we offer both an auto renewal based product and a non auto renewal based product.
  • We do not Refund.
  • No Questions asked Cancellation Policy.
  • You can cancel future renewals anytime including immediately upon subscribing but 48 hours before your next renewal date.
  • Subject to the above, self cancel by visiting the "Manage My Account“ section after signing in OR Send an email request to assist@bsmail.in from your registered email address and by quoting your mobile number.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Sensex down 67 points, Nifty ends above 10,100 ahead of RBI policy outcome

Vinod Nair, Head of Research, Geojit Financial Services   After a subdued trade through the day, the market reversed from day’s low led by banking stocks. The recent correction in PSU banks provides an opportunity for investors to accumulate as the long term prospects remains strong owing to healthy recapitalisation. On the macro front, upcoming RBI policy and Gujarat state election will be an influential factor for investors which is steering the market to consolidate.

Sensex down 67 points, Nifty ends above 10,100 ahead of RBI policy outcome

Nifty PSU Bank leading sectoral gainer ahead of RBI policy  Source: NSE

Sensex down 67 points, Nifty ends above 10,100 ahead of RBI policy outcome

Sensex heatmap at close Source: BSE

Sensex down 67 points, Nifty ends above 10,100 ahead of RBI policy outcome

Markets at close   The S&P BSE Sensex ended at 32,802, down 67 points, while the broader Nifty50 settled at 10,118, down 9 points.  Index Current Pt. Change % Change   S&P BSE SENSEX 32,802.44 -67.28 -0.20   S&P BSE SENSEX 50 10,559.16 -14.57 -0.14   S&P BSE SENSEX Next 50 35,116.63 +83.31 +0.24   S&P BSE 100 10,591.10 -8.13 -0.08   S&P BSE Bharat 22 Index 3,660.60 -14.65 -0.40 Source: BSE

Sensex down 67 points, Nifty ends above 10,100 ahead of RBI policy outcome

Sugar shares in focus   Shares of sugar companies have moved higher by up to 10% on the BSE on back of heavy volumes.Dwarikesh Sugar Industries, Triveni Engineering Industries, Ugar Sugar Mills, Uttam Sugar Mills, Dhampur Sugar, Simbhaoli Sugar and Balrampur Chini Mills were up more than 2%. On comparison, the S&P BSE Sensex was down 0.15% at 32,828 points at 03:09 PM. READ MORE

Sensex down 67 points, Nifty ends above 10,100 ahead of RBI policy outcome

Markets check   At 3:05 pm, the S&P BSE Sensex was trading at 32,814, down 55 points, while the broader Nifty50 was ruling at 10,119, down 8 points.  Index Current Pt. Change % Change   S&P BSE SENSEX 32,809.85 -59.87 -0.18   S&P BSE SENSEX 50 10,563.57 -10.16 -0.10   S&P BSE SENSEX Next 50 35,086.42 +53.10 +0.15   S&P BSE 100 10,593.34 -5.89 -0.06   S&P BSE Bharat 22 Index 3,660.82 -14.43 -0.39 Source: BSE

Sensex down 67 points, Nifty ends above 10,100 ahead of RBI policy outcome

Reliance Securities on ​​KEC International   ​​KEC International (KEC) has delivered a strong performance in 2QFY18. Despite higher commodity prices, KEC’s overall EBITDA margin expanded by 139bps YoY to 10.1% in 2QFY18 owing to absence of low-margin legacy orders in Water, Railways and Power Systems segments and execution of recently bagged better-margin orders by SAE Towers. Its net profit rising by 42% YoY to Rs894mn led by higher margin and lower interest cost.   With fresh orders worth Rs 57.5 billion, KEC’s order book stood at Rs 140 billion as of FY18 YTD (+14% YoY). We expect the strong order intake traction to continue, going forward led by higher T&D spending by SEBs, improved Railways ordering and recovery in overseas markets i.e. Saudi, SAARC & Africa.   We expect KEC’s earnings to witness 25.2% CAGR over FY16-19E on strong order book, improving margin profile and healthy outlook in T&D and other emerging business segments.   We continue to remain positive on the fundamentals of KEC with a Target Price of Rs 372.

Sensex down 67 points, Nifty ends above 10,100 ahead of RBI policy outcome

Level the playing field   The Bombay Stock Exchange’s (BSE) suggestion that benefits related to the long-term capital gains (LTCG) tax on equity investments should be removed to curb market manipulation via the exchange platform deserves serious thought.   Though this demand has emerged from several quarters in the run-up to some earlier Budgets as well, the government has been ignoring it on the grounds that a differential tax treatment is required in order to encourage long-term investments instead of short-term trading in the capital market. READ MORE

Sensex down 67 points, Nifty ends above 10,100 ahead of RBI policy outcome

Top five Nifty losers in afternoon trade  Source: NSE

Sensex down 67 points, Nifty ends above 10,100 ahead of RBI policy outcome

Buzzing stock   Ramky Infrastructure hit a new high of Rs 258, up 8% on the BSE in otherwise weak market on back of heavy volumes. The trading volumes on the counter almost doubled with a combined 1.36 million shares changed hands on the BSE and NSE till 01:19 PM.   Since November 8, post July-September (Q2FY18) quarter results, the stock of construction & engineering company surged 50% from Rs 172, after it reported net profit of Rs 3.3 crore against a loss of Rs 41.5 crore in the same quarter previous year. Operational income of the company grew 46% to Rs 324 crore from Rs 222 crore in the corresponding quarter of previous fiscal. READ MORE

Sensex down 67 points, Nifty ends above 10,100 ahead of RBI policy outcome

Force Motors hits 52-week low   Force Motors hits 52-week low of Rs 3,164, down 3% on the BSE in intra-day trade, after the company recorded sales growth of 4% at 1,687 units in the month of November 2017. The car & utilities vehicles maker had sold 1,622 units in November 2016. It had recorded total sales of 2,539 units in October 2017. READ MORE

First Published: Tue, December 05 2017. 15:34 IST
RECOMMENDED FOR YOU

Sensex down 67 points, Nifty ends above 10,100 ahead of RBI policy outcome

All that happened in today's trade

The benchmark indices trimmed some losses, but settled lower on Tuesday ahead of Reserve Bank of India (RBI)'s policy outcome due on Wednesday. The RBI is widely expected to keep policy rates on hold, but investors will watch for any hints of a cut at the February meeting. The central bank kicked off its two-day monetary policy committee meeting on Tuesday. Meanwhile, November's Nikkei/IHS Markit Services Purchasing Managers' Index fell to 48.5 - its lowest since August - from 51.7 in October, well below the 50 mark that separates expansion from ...

image
Business Standard
177 22