Nifty ends below 10,200, Sensex down 174 points; banks, realty drag
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The benchmark indices ended lower in a volatile session as Asian markets stayed cautious ahead of US Federal Reserve's policy outcome later today, wherein it is widely expected to raise interest rates by at least 25 basis points (bps).
Back home, investors will react to November CPI inflation rising to 15-month high of 4.88% and industrial output growth slowing to a 3-month low of 2.2% in October.
Inflation justified the Reserve Bank of India's stance of a status quo in its monetary policy review earlier this month. It had projected inflation to be in the range of 4.3-4.7 per cent in the second half of the year.
3:42 PM
Nifty PSU Bank index down over 1.5%
Source: NSE
3:40 PM
Top index laggard: Nifty Realty
Source: NSE
3:38 PM
Sectoral trend
Source: NSE
3:37 PM
Top Sensex gainers and losers
Source: BSE
3:35 PM
Broader Markets
Broader markets underperformed the benchmark indices with BSE Midcapand BSE smallcap indices down 0.8% each
Broader markets underperformed the benchmark indices with BSE Midcapand BSE smallcap indices down 0.8% each
3:33 PM
Markets at close
The S&P BSE Sensex ended the day at 33,053, down 174 points while the broader Nifty50 index ended at 10,192, down 47 points
The S&P BSE Sensex ended the day at 33,053, down 174 points while the broader Nifty50 index ended at 10,192, down 47 points
3:21 PM
LIC cuts stake
State-owned Life Insurance Corporation (LIC) has reduced its stake in IT firm Mastek by 3.09% after selling 7.30 lakh shares in the open market.
State-owned Life Insurance Corporation (LIC) has reduced its stake in IT firm Mastek by 3.09% after selling 7.30 lakh shares in the open market.
As per a BSE filing, LIC, which had 6.14 per cent stake in Mastek earlier, brought down the shareholding in the company to 3.05%. LIC sold the stake between December 18, 2014 and December 11, 2017.
3:11 PM
Aadhaar-PAN linking deadline relaxed for 'certain' financial dealings: Govt
The government has amended rules requiring mandatory quoting of national biometric identifier Aadhaar and PAN for certain financial transactions like opening of a bank account by keeping the deadline open-ended in place of the current December 31.
A new rule modifying the Prevention of Money Laundering Act of 2002 has been notified to replace the requirement of submitting "the Aadhaar number and Permanent Account Number by December 31, 2017" with "submit the Aadhaar number, and Permanent Account Number or Form No. 60, by such date as may be notified by the Central Government".
The notification by the Department of Revenue in the finance ministry effectively paves the way for extending the deadline for mandatory quoting of Aadhaar for activities like the opening of a bank account. READ MORE
3:00 PM
Cement shares gain as Supreme Court allows use of pet coke
Shares of cement companies moved higher by up to 6% on the BSE after media reports suggested that the Supreme Court has allowed the use of pet coke, the primary fuel and input material for cement makers.
Kakatiya Cement, HeidelbergCement India, Mangalam Cement, JK Cements, Shree Cement, JK Lakshmi Cement, Prism Cement, India Cements and Shree Digvijay Cement Company were up in the range of 2% to 6% on the BSE.
Most of the cement stocks had underperformed the market after the Supreme Court (SC) on November 17, asked all the states and Union Territories to consider enforcing the decision of the Ministry of Environment and Forest (MoEF) and the Central Pollution Control Board (CPCB) prohibiting the use of pet coke and furnace oil by the industry in Uttar Pradesh, Haryana and Rajasthan. READ MORE
2:43 PM
Market Check
| Index | Current | Pt. Change | % Change |
| S&P BSE SENSEX | 33,107.29 | -120.70 | -0.36 |
| S&P BSE SENSEX 50 | 10,662.06 | -30.77 | -0.29 |
| S&P BSE SENSEX Next 50 | 35,222.27 | -188.65 | -0.53 |
| S&P BSE 100 | 10,682.52 | -35.26 | -0.33 |
| S&P BSE Bharat 22 Index | 3,675.19 | -13.16 | -0.36 |
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First Published: Dec 13 2017 | 3:30 PM IST