Sensex, Nifty gain over 1%; auto, durables stocks surge
Sensex, Nifty gain over 1%; auto, durables stocks surge
Sensex ends lower ahead of RBI's monetary policy decision
09 December, 2017, 05:16
The index finally ended at 32949.21, up 352.03 points, or 1.08 per cent - its biggest single-day gain since November 1, when it had surged 387.14 points.
The benchmark BSESensex and the NSE Nifty finished higher on Thursday as buying emerged across-the-board. Sustained buying in the trade on Thursday trade provided cushion to the indices that eventually led to both the Sensex and Nifty wrapping up the session with gains of over 1%.
On the NSE market breadth, the Nifty50 provisionally closed (at 3.30 p.m.) higher by 122.60 points or 1.22 per cent at 10,166.70 points.
The six-member Monetary Policy Committee (MPC), headed by Reserve Bank of India Governor Urjit Patel, kept the policy rate unchanged on expected lines but raised the inflation forecast for remainder of the current fiscal to 4.3-4.7 %.
Bank stocks, in fact, fell on Wednesday after the RBI chose to keep the repo rate unchanged in its monetary policy review. The laggards included Coal India (-0.64%), TCS (-0.52%), Cipla (-0.50%), Wipro (-0.34%) and Sun Pharma (-0.26%). "Stability at a governance level is positive for market sentiment", said Karthikraj Lakshmanan, senior fund manager-equities, BNP Paribas Mutual Fund. Additionally, investors were also on edge in anticipation of a violent backlash in the Middle East following US President Donald Trump's recognition of Jerusalem as Israel's capital.
Foreign portfolio investors (FPIs) sold shares worth net Rs. 1,075.62 crore yesterday, while domestic institutional investors (DIIs) bought to the tune of Rs. 926.68 crore.
Major Asian indices closed higher. Hong Kong's Hang Seng was up 0.10 per cent while Japan's Nikkei gained 1.27 per cent in early trade today. London's Financial Times Stock Exchange too was up 0.24%.
Franks was seen huddling with fellow Republicans on the floor of the House Thursday, in what appeared to be a prayer circle. He was expected to make a statement Thursday; the aide was not authorized to discuss the matter before Franks' announcement.
While Kim and Kourtney with her friends vacationing at the beach, the paparazzi worked diligently - followed each of the sisters. It was West's lyrics about Swift claiming he "made that b*tch famous " that originally led to a feud with the singer.
In it, players construct spans and supports to allow traffic to flow from one part of the level to another. Bridge Constructor originally released on PC in 2012 before coming to mobile devices and consoles.
Ohtani is limited to a minor league contract because of restrictions imposed by the MLB collective bargaining agreement. According to Jim Bowden of Sirius XM, the Giants are meeting with Japanese star Shohei Ohtani in Los Angeles on Monday.
If there isn't enough money in your Apple Pay Cash account to cover a transaction your bank card kicks in to cover the rest. In iMessage, Pay will show up as the first option once you tap the App Store icon next to the text field.
He added: "Cesar Sanchez-Guzman apparently claims that he did not remember this alleged incident from 2003 until now". Sanchez Guzman - who is suing for unspecified damages - says the reported incident caused him psychological distress.
Astronomers observe the pattern occurred around 690 million years from the formation of the Universe, even before reionizatsii. Eventually, gravity condensed matter into the first stars and galaxies, which in turn produced light in the form of photons.
The difference between the expected and actual EPS was $0.02/share, which represents an Earnings surprise of 40%. This buyback authorization allows the company to purchase up to 2.2% of its stock through open market purchases.
North Carolina State's Dave Doeren agreed to a contract with the Wolfpack on Thursday after speaking with Tennessee officials. Last year, Pruitt's defense led the nation in scoring defense, giving up just 13 points per game.
The location is actually only the second Starbucks Reserve Roastery in the world: the first opened three years ago in Seattle. The Roastery is a window into Starbucks' future as the coffee chain attempts to bolster its premium image .
Bel-Air fire: 4 homes destroyed, 475 acres burned
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Instagram to Cut Messaging from App
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Amazon Video finally comes to Apple TV
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Facebook announces new Messenger app for kids on IOS
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IPL: CSK, RR allowed to retain players
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