Sensex ends 193 pts higher, Nifty regains 10250 ahead of Gujarat exit polls
All that happened in today's trade
 "Realty firms struggle with record Rs 99,000-cr unsold inventory")
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 on Thursday.
Overseas, The US Federal Reserve raised interest rates for a third time this year on Wednesday, but left its rate outlook unchanged.
4:05 PM
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.
3:42 PM
Sensex heatmap at close
Source: BSE
3:38 PM
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.
Source: BSE
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
3:27 PM
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
3:20 PM
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.
3:08 PM
Sectoral trend in last leg of trade
Source: NSE
2:46 PM
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.
2:32 PM
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.
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.
2:21 PM
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
2:02 PM
Top five losers on Nifty
Source: NSE
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First Published: Dec 14 2017 | 3:35 PM IST