Sensex ends 176 pts higher, Nifty regains 10,500; PSU banks, metals rally

All that happened in today's trade

4:00 PM

Anand James, Chief Market Strategist, Geojit Financial Services 

 

Release of the next instalment of funds earmarked for bank recapitalisation proved to be a shot in the arm for PSBs, especially as some of the weak banks had been hauled up by RBI for prompt and corrective action. FOMC minutes and firmness in global equity peers also helped, but with oil hovering around $62, markets were measured in their rise.

3:48 PM

Sectoral trend 

Source: NSE

3:42 PM

Markets at close

 

The S&P BSE Sensex ended at 33,969, up 176 points, while the Nifty50 settled at 10,504, up 61 points.

 

S&P BSE Sensex	33,920.50		0.38%
Nifty 50	10,481.70		0.37%
S&P BSE 200	4,671.62		0.47%
Nifty 500	9,483.10		0.46%
S&P BSE Mid-Cap	17,922.63		0.58%
S&P BSE Small-Cap	19,490.18		0.75%

3:41 PM

Sensex heatmap at close 

Source: BSE

3:21 PM

Buzzing stock

Aurionpro Solutions surged 15% to Rs 284, also its 52-week high on BSE in intra-day trade, after Cyberinc, the company's subsidiary, entered into a definitive agreement with KPMG LLP, USA, for sale of its Identity and Access Management (IAM) business. The transaction is expected to close on January 31, 2018.

 

“Cyberinc’s IAM business is the largest independent IAM provider in the world. The proposed sale will require participation of Cyberinc US, UK, Australia and Aurionpro India,” Aurionpro Solutions said in a regulatory. READ MORE

3:10 PM

PSU bank stocks rally on bank recap plans 

The Indian government on Thursday sought parliament approval for Rs 800 billion ($12.62 billion) extra spending to recapitalise state banks as part of a move to help lenders deal with bad debts and revive credit growth. READ MORE

Source: NSE

3:00 PM

Markets check

S&P BSE Sensex	33,920.50		0.38%
Nifty 50	10,481.70		0.37%
S&P BSE 200	4,671.62		0.47%
Nifty 500	9,483.10		0.46%
S&P BSE Mid-Cap	17,922.63		0.58%
S&P BSE Small-Cap	19,490.18		0.75%

2:43 PM

What a widening fiscal deficit could mean

 

The Union government may fail to meet its fiscal deficit target in the current financial year. That, however, is not the real concern.

 

You could trust the ingenuity of the finance ministry mandarins to finally present a fiscal deficit figure for 2017-18 that will not be much higher than the target of 3.2 per cent of gross domestic product (GDP).

 

Some expenditure (read dues to public sector bodies like the Food Corporation of India) will be deferred, disinvestment, including the merger of oil companies, should get a last-minute big push, and state-owned companies may be asked to declare special dividends allowing them to transfer a part of their reserves to reflect in the government’s non-debt capital receipts. READ FULL VIEW

2:23 PM

How to make most of your money in an uncertain 2018

 

Making money in 2018 may not be as easy as the year that went by. To tide over the volatility expected this year, it would be a good idea to make a few New Year resolutions and stick to them. Most experts believe that investors need to tone down their returns expectations this year as markets may not continue to grow as they have in the past two years.

 

Even if you were not disciplined or organised, you would have still made money in the last two years. The broader indices, Sensex and Nifty, rallied over 30 per cent in last calendar year. READ FULL REPORT

1:54 PM

Top five Nifty gainers 

Source: NSE