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MARKET WRAP: Fed hikes rate; Sensex slips 53 pts, PSBs, metals crack

the Nifty Metal index ended 1.04 per cent lower weighed by National Aluminium Company, Vedanta and Steel Authority of India. The Nifty PSU Bank index, too, fell 1.80 per cent due to a fall in SBI

SI Reporter  |  New Delhi 

The benchmark indices pared their day's losses to end largely flat on Thursday amid a hike in key interest rates by the US Federal Reserve. The US central bank raised the key interest rate by 25 basis points (bps) to a target range of 2.25 per cent to 2.5 per cent but forecast fewer rate hikes for 2019. It, however, stuck by a plan to keep withdrawing support from an economy it views as strong. The S&P BSE Sensex ended at 36,432, down 53 points or 0.14 per cent, while the broader Nifty50 index settled at 10,952, down 16 points or 0.14 per cent.   Among the ...

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MARKET WRAP: Fed hikes rate; Sensex slips 53 pts, PSBs, metals crack

Top sectoral gainers and losers on NSE

MARKET WRAP: Fed hikes rate; Sensex slips 53 pts, PSBs, metals crack

S&P BSE Sensex: Top gainers and losers

MARKET WRAP: Fed hikes rate; Sensex slips 53 pts, PSBs, metals crack

Market at close   The S&P BSE Sensex shed 53 points or 0.14 per cent to settle at 36,432 while NSE's Nifty50 index dropped 16 points or 0.14 per cent to close at 10,952

MARKET WRAP: Fed hikes rate; Sensex slips 53 pts, PSBs, metals crack

'See a positive picture for the commodity complex in 2019' Gold prices are set to rise next year as the Federal Reserve slows its pace of US interest-rate hikes, yet we do not expect the yellow metal to run away to the upside either since the economy will remain strong. In a widely anticipated decision, the U.S. central bank hiked interest rates by 25 basis points on Wednesday. But what took markets by surprise was the Fed's commitment to retain the core of its plan to tighten monetary policy, despite rising uncertainty about global economic growth. Gold prices have tended to rise as real yields fall, and vice versa. READ MORE

MARKET WRAP: Fed hikes rate; Sensex slips 53 pts, PSBs, metals crack

After record FDI in 2018, retail sector gears up for more M&As in new year With the lines getting blurred between organised brick-and-mortar model and new-age online platforms, retail sector is ending the year 2018 with a record level of FDI and is gearing up for more mergers and acquisitions, partnerships and other deals in the new year. READ MORE

MARKET WRAP: Fed hikes rate; Sensex slips 53 pts, PSBs, metals crack

NEWS ALERT ONGC board approves buyback of 25 crore shares, sets Jan 4 as record date for buyback

MARKET WRAP: Fed hikes rate; Sensex slips 53 pts, PSBs, metals crack

NEWS ALERT ONGC board approves share buyback worth upto Rs 40.22 bn at Rs 159 per share

MARKET WRAP: Fed hikes rate; Sensex slips 53 pts, PSBs, metals crack

Top gainers and losers in S&P BSE Sensex

MARKET WRAP: Fed hikes rate; Sensex slips 53 pts, PSBs, metals crack

Top losers in BSE500 COMPANY PRICE() CHG() CHG(%) VOLUME TI FINANCIAL 497.00 -26.55 -5.07 934 SHARDA CROPCHEM 314.80 -13.95 -4.24 21208 TEAM LEASE SERV. 2829.45 -125.10 -4.23 160 NATL. ALUMINIUM 61.60 -2.50 -3.90 1445769 GREAVES COTTON 122.50 -4.55 -3.58 262103 » More on Top Losers

MARKET WRAP: Fed hikes rate; Sensex slips 53 pts, PSBs, metals crack

NEWS ALERT Rupee breaches 70 per dollar mark to trade at 69.93 per dollar

MARKET WRAP: Fed hikes rate; Sensex slips 53 pts, PSBs, metals crack

Mid, Smallcap indices hit 12-week high, gain up to 8%   The S&P BSE Midcap and the S&P BSE Smallcap index hit their respective 12-week high after a recovery in rate sensitive and consumer discretionary goods & services sector stocks as lower oil & bond yields bode well for financials. These indices were trading at their respective highest levels since September 28, 2018.   Midcap and Smallcap indices were trading higher for the eight straight days, gaining 8% and 7%, respectively, after the appointment of Shaktikanta Das as the 25th governor of the Reserve Bank of India (RBI). Strong mutual fund buying coupled with short covering drove the indices higher. In comparison, the S&P BSE Sensex was up 4% during the same period. Read more

First Published: Thu, December 20 2018. 08:03 IST
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MARKET WRAP: Fed hikes rate; Sensex slips 53 pts, PSBs, metals crack

the Nifty Metal index ended 1.04 per cent lower weighed by National Aluminium Company, Vedanta and Steel Authority of India. The Nifty PSU Bank index, too, fell 1.80 per cent due to a fall in SBI

The benchmark indices pared their day's losses to end largely flat on Thursday amid a hike in key interest rates by the US Federal Reserve. The US central bank raised the key interest rate by 25 basis points (bps) to a target range of 2.25 per cent to 2.5 per cent but forecast fewer rate hikes for 2019. It, however, stuck by a plan to keep withdrawing support from an economy it views as strong. The S&P BSE Sensex ended at 36,432, down 53 points or 0.14 per cent, while the broader Nifty50 index settled at 10,952, down 16 points or 0.14 per cent.   Among the ...

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