Sensex down 67 points, Nifty ends above 10,100 ahead of RBI policy outcome
All that happened in today's trade
 "Nifty")
Source: BSE
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 contraction.
Globally, Asian shares remained subdued, while European markets were trading higher, shrugging off the news that the UK and the European Union failed to agree upon the terms for Brexit on Monday.
3:53 PM
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.
3:51 PM
Nifty PSU Bank leading sectoral gainer ahead of RBI policy
Source: NSE
3:49 PM
Sensex heatmap at close
Source: BSE
3:41 PM
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.
Source: BSE
| 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
3:28 PM
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
3:06 PM
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.
Source: BSE
| 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
2:50 PM
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.
2:36 PM
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
2:22 PM
Top five Nifty losers in afternoon trade
Source: NSE
2:02 PM
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
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First Published: Dec 05 2017 | 3:34 PM IST