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Nifty ends below 10,200, Sensex down 174 points; banks, realty drag

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SI Reporter  |  New Delhi 

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 ...

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Nifty ends below 10,200, Sensex down 174 points; banks, realty drag

Nifty PSU Bank index down over 1.5% Source: NSE

Nifty ends below 10,200, Sensex down 174 points; banks, realty drag

Top index laggard: Nifty Realty Source: NSE

Nifty ends below 10,200, Sensex down 174 points; banks, realty drag

Sectoral trend Source: NSE

Nifty ends below 10,200, Sensex down 174 points; banks, realty drag

Top Sensex gainers and losers Source: BSE

Nifty ends below 10,200, Sensex down 174 points; banks, realty drag

Broader Markets Broader markets underperformed the benchmark indices with BSE Midcapand BSE smallcap indices down 0.8% each

Nifty ends below 10,200, Sensex down 174 points; banks, realty drag

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

Nifty ends below 10,200, Sensex down 174 points; banks, realty drag

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.   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.

Nifty ends below 10,200, Sensex down 174 points; banks, realty drag

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

Nifty ends below 10,200, Sensex down 174 points; banks, realty drag

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

Nifty ends below 10,200, Sensex down 174 points; banks, realty drag

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

Nifty ends below 10,200, Sensex down 174 points; banks, realty drag

Liquor stocks gain; GM Breweries, Associated Alcohols soar over 10%   Shares of liquor companies rallied up to 14% on BSE on Wednesday on the back of heavy volumes, extending their past two-and-half months rally after the company reported a good set of numbers for the quarter ended September (Q2FY18).   GM Breweries and Associated Alcohols & Breweries surged more than 10%, Som Distilleries, United Breweries, Global Spirits, IFB Agro Industries, Pincon Spirit and Empee Distilleries were up in the range of 2% to 10% on the BSE.    Thus far total 13 companies from the breweries & distilleries sector declared their Q2FY18 results, and doubled their aggregate net profit to Rs 322 crore. These companies had reported combined net profit of Rs 153 crore in the same quarter last fiscal year.

First Published: Wed, December 13 2017. 15:30 IST
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Nifty ends below 10,200, Sensex down 174 points; banks, realty drag

Catch all live market action here

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 ...

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