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Sensex ends 193 pts higher, Nifty regains 10250 ahead of Gujarat exit polls

All that happened in today's trade

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SI Reporter  |  New Delhi 

In a volatile trading session, the benchmark indices ended higher as investors waited for early forecasts on the winner of a key state election, with sentiment also muted as inflation ticked higher and industrial output weakened. Votes from the Gujarat election will be counted on December 18 and the results will be announced the same day, but markets were on edge ahead of exit polls due later on Thursday that usually indicate the likely winner ahead of official results. The Nifty volatility index, a barometer of investor fear, hit its highest level since February 1 ...

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Sensex ends 193 pts higher, Nifty regains 10250 ahead of Gujarat exit polls

Jayant Manglik, President, Retail Distribution, Religare Securities    Nifty gained over half a percent amid volatility, in continuation to the prevailing sideways trend. The decision of rate hike by the US Fed fell in line with the market expectation and hence failed to generate much buzz in early trades. After initial uptick, Nifty drifted lower and tested 10150. However, the mood changed completely in the latter half and it made a strong recovery to end with decent gains.   With the end of second phase of voting in Gujarat, exit polls will start pouring in and markets would react accordingly. Nifty has been hovering in a broader band i.e. 10050 and 10350 and either side decisive break will trigger the next directional move. We suggest continuing with hedged approach and waiting for further clarity.

Sensex ends 193 pts higher, Nifty regains 10250 ahead of Gujarat exit polls

Sensex heatmap at close Source: BSE

Sensex ends 193 pts higher, Nifty regains 10250 ahead of Gujarat exit polls

Markets at close The S&P BSE Sensex settled at 33,246, up 193 points, while the broader Nifty50 ended at 10,252, up 59 points.  Index Current Pt. Change % Change   S&P BSE SENSEX 33,246.70 +193.66 +0.59   S&P BSE SENSEX 50 10,699.03 +60.56 +0.57   S&P BSE SENSEX Next 50 35,130.69 +98.23 +0.28   S&P BSE 100 10,709.18 +55.67 +0.52   S&P BSE Bharat 22 Index 3,687.13 +23.32 +0.64 Source: BSE

Sensex ends 193 pts higher, Nifty regains 10250 ahead of Gujarat exit polls

Waterbase hits new high   The Waterbase Limited (TWL) hit a new high of Rs 275, up 20% on the BSE, extending its past one month rally, after the company reported nearly four-fold jump in net profit at Rs 9.4 crore in September quarter (Q2FY18). The company engaged in food products business had posted profit of Rs 2.6 crore in a year ago quarter. READ MORE

Sensex ends 193 pts higher, Nifty regains 10250 ahead of Gujarat exit polls

Buzzing stock   Shemaroo Entertainment gained nearly 3% to Rs 409 on BSE after the company's consolidated net profit rose 24.15% to Rs 18.71 crore on 18.19% rise in total income to Rs 134.57 crore in Q2 September 2017 over Q2 September 2016.

Sensex ends 193 pts higher, Nifty regains 10250 ahead of Gujarat exit polls

Sectoral trend in last leg of trade  Source: NSE

Sensex ends 193 pts higher, Nifty regains 10250 ahead of Gujarat exit polls

Centrum Broking on Sarla Performance Fibers   We maintain our BUY on Sarla Performance Fibers with a revised TP of Rs 78 as we value the company based on our conservative adj. OCF based methodology. Management has temporary closed the Sarla Flex manufacturing unit in USA due to low capacity utilisation which would reduce operating loss to Rs 55 million in FY18E from Rs 169 million in FY17. Further management is looking for a partner to run the plant together which would offer consistent long term demand. Initial implementation issues of GST has been behind and management is confident of volume growth from H2FY18 in the domestic business. While lower gross margin is a worry, management is confident the product mix change would help in the margin expansion over medium term.

Sensex ends 193 pts higher, Nifty regains 10250 ahead of Gujarat exit polls

Markets check At 2:30 pm, the S&P BSE Sensex was trading at 33,063, up 11 points, while the broader Nifty50 was ruling at 10,201, up 8 points. 

Sensex ends 193 pts higher, Nifty regains 10250 ahead of Gujarat exit polls

Buzzing stock Partaap Snacks soared 10% to Rs 1,404 on the BSE in intra-day trade after the company reported more than doubled consolidated net profit at Rs 12.93 crore in September quarter (Q2FY18). It had profit of Rs 5.33 crore in the same quarter last fiscal.   The stock is trading at its highest level since listing on October 5, appreciated 50% against issue price of Rs 938 per share. The S&P BSE Sensex was up 5% during the same period. READ FULL REPORT

Sensex ends 193 pts higher, Nifty regains 10250 ahead of Gujarat exit polls

Top five losers on Nifty Source: NSE

Sensex ends 193 pts higher, Nifty regains 10250 ahead of Gujarat exit polls

SIP flows now a deluge   The Rs 23-lakh-crore mutual fund (MF) industry is going through some structural changes.   Increasingly, many are investing in MF schemes through systematic investment plans (SIPs). So far this financial year, a record-breaking 4.5 million new SIP accounts have been added, taking the total tally to 18 million in the end November. The quantum of monthly flows through this mode is also on the rise, making historical highs every month.  In 2017, the SIP monthly inflows have grown 48 per cent, from Rs 3,973 crore in December 2016 to Rs 5,893 crore in November READ MORE

First Published: Thu, December 14 2017. 15:35 IST
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Sensex ends 193 pts higher, Nifty regains 10250 ahead of Gujarat exit polls

All that happened in today's trade

In a volatile trading session, the benchmark indices ended higher as investors waited for early forecasts on the winner of a key state election, with sentiment also muted as inflation ticked higher and industrial output weakened. Votes from the Gujarat election will be counted on December 18 and the results will be announced the same day, but markets were on edge ahead of exit polls due later on Thursday that usually indicate the likely winner ahead of official results. The Nifty volatility index, a barometer of investor fear, hit its highest level since February 1 ...

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