Nifty ends 1.2% higher, Sensex up 352 points; auto, realty indices gain
All that happened in the markets today
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Benchmark indices ended higher with Sensex ending over 350 points higher while Nifty ending firmly above 10,150-mark, bouncing back after two days of losses on Thursday, led by banking, telecom, metal and auto stocks.
Lenders such as State Bank of India on expectations that the government would soon reveal details of a recapitalisation plan. Reserve Bank of India Governor Urjit Patel said on Wednesday the government would “in coming days” detail how it plans to inject an announced $32 billion into state-run lenders, which was announced in October.
Lenders such as State Bank of India on expectations that the government would soon reveal details of a recapitalisation plan. Reserve Bank of India Governor Urjit Patel said on Wednesday the government would “in coming days” detail how it plans to inject an announced $32 billion into state-run lenders, which was announced in October.
Meanwhile, an RBI order mandating banks to lower the merchant discount rate they charge on debit cards did not affect sentiment.
However, broader gains were capped ahead of elections in the western state of Gujarat due this weekend, in a critical test for Prime Minister Modi.
Globally, Asian shares hovered above two-month lows as some high-tech bellwethers bounced back after a searing sell-off although softer oil and copper prices and uncertainty over US policy kept many investors cautious.
3:50 PM
Market rundown by Vinod Nair, Head of Research, Geojit Financial Services
"Market smartly recouped from the yesterdays losses which was triggered by RBIs hawkish policy and weakness in global market. However, RBI reiterating an economic growth of 6.7% for FY18 uplifted the sentiment. Upcoming state election in Gujarat and rupee movement against dollar ahead of US tax reform will be keenly watched for further momentum in the market."
3:49 PM
Nifty Auto gained nearly 2%
Source: NSE
3:43 PM
Stock in News
Airtel up 6% after the company joined hands with Intex to launch a range of affordable 4G smartphones starting at Rs 1,649
Airtel up 6% after the company joined hands with Intex to launch a range of affordable 4G smartphones starting at Rs 1,649
3:42 PM
Realty index rebounds after falling 4 sessions
Source: NSE
3:40 PM
Sectoral Trend: All indicesended the day in green
Source: NSE
3:38 PM
Top Sensex gainers and losers
Source: BSE
3:36 PM
Broader Markets
Broader markets outperformed the benchmark indices a bit with BSE Midcap and BSE Smallcap up 1.4% and 1.3% respectively
Broader markets outperformed the benchmark indices a bit with BSE Midcap and BSE Smallcap up 1.4% and 1.3% respectively
3:34 PM
Markets at close
Benchmark indices ended higher with Sensex ending over 350 points higher while Nifty ending firmly above 10,150-mark, bouncing back after two days of losses on Thursday, led by banking, telecom, metal and auto stocks.
The S&P BSE Sensex ended at 32,949, up 352 points while the broader Nifty50 settled at 10,166, up 122 points
Benchmark indices ended higher with Sensex ending over 350 points higher while Nifty ending firmly above 10,150-mark, bouncing back after two days of losses on Thursday, led by banking, telecom, metal and auto stocks.
The S&P BSE Sensex ended at 32,949, up 352 points while the broader Nifty50 settled at 10,166, up 122 points
3:20 PM
DLF, Gail, Maruti Suzuki hit 52-week high
DLF, Den Networks, Cyient and ISGEC Heavy Engineering are among 10 stocks from the S&P BSE 500 index hit their respective 52-week highs on the BSE in intra-day trade after nearly one percentage point gain in the benchmark Sensex.
Of these 10 stocks,Gail (India), Maruti Suzuki India, TVS Motor Company, Aegis Logistics, Biocon and KEC International have touched their respective record highs on Thursday. READ MORE
3:10 PM
Promoters offload shares to pare debt
Promoters of five companies - Bharti Infratel, Escorts, McLeod Russell India, Relaxo Footwear and Action Construction Company - have sold equity shares worth nearly Rs 4,000 crore through open market transactions in the past three weeks to cut debt in their respective company's books.
According to disclosures made by the companies to the stock exchanges, institutional investors led by foreign portfolio investors (FPIs) have bought these shares. Experts attribute this to buoyant markets that have provided an opportunity to promoters to raise funds via stake sale. Read More
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First Published: Dec 07 2017 | 3:30 PM IST