Saturday, 15 December, 2018

Sensex, Nifty gain over 1%; auto, durables stocks surge

Weekly review Sensex rebound 417 points Nifty above 10,250 Sensex ends lower ahead of RBI's monetary policy decision
Kelvin Reese | 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 BSE Sensex 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 %.

Louis Cardinals Release Statement Announcing That Giancarlo Stanton Has Owned Them
Late Thursday night, Craig Mish of SiriusXM added that Stanton would also approve trades to the Chicago Cubs or Houston Astros . Rosenthal's report also said Stanton is not interested in being traded to the San Francisco Giants or St.

Flynn told a business associate Russian sanctions would be 'ripped up'
The congressman said he had heard about the alleged Flynn texts from an unnamed confidential informant. Cummings told Gowdy in his letter that he found the witness "authentic, credible and reliable".

Shares in Poundland, Benson for Beds and Harveys owner crash
It is being reported Steinhoff did not tell investors about transactions amounting to almost $1 billion (R13,5-billion). Steinhoff bought the Willenhall-based chain of discount stores for £610 million previous year .

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%.

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