Sunday, 16 December, 2018

Sensex surges 1.75% as RBI lowers inflation forecast

Sensex today Tata Steel Adani Ports rally index on strong footing spike 350 points Sensex today Tata Steel Adani Ports rally index on strong footing spike 350 points
Kelvin Reese | 08 April, 2018, 01:02

The 30-share index, which had gained almost 400 points in opening trade, made further headway to quote 577.73 points, or 1.75%, higher at 33,596.80 at closing.

The gauge had soared nearly 578 points in the previous session after the RBI kept the policy rate unchanged but said growth will rebound this fiscal amid softening inflation.

Domestic equities opened lower after Thursday's rally with benchmark Sensex rising up 577 points yesterday after the RBI kept the policy rate unchanged but said growth will rebound this fiscal amid softening inflation.

This was its biggest single day gain since March 12 when it had rallied 610.80 points.

The NSE Nifty50 declined by 116.60 points or 1.14 per cent to close at 10,128.40 points, while the Sensex closed at 33,019.07 points - down 351.56 points or 1.05 per cent.

Masters Par 3 Tournament 2018: Tom Watson Becomes Oldest Winner in History
He wore it at his wedding, in the royal box at Wimbledon and just about anywhere else he made a notable public appearance. Along with Gary Nicklaus and Finau, the only other hole-in-one Wednesday came from Dylan Frittelli , who aced No. 8.

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Even if he's not, even if he might not, we list him where we think he's going to recruiting for that spot. This version of the Wildcats was different than the 2016 National Championship squad-and possibly better.

Amid hopes the USA and China will work on a compromise to prevent a trade war and on expectations that the Indian economy will be on track in the coming quarters, the bulls got back to ring today.

"The markets also cheered the 'normal" southwest monsoon forecast by private weather forecasting agency Skymet.

Market breadth was positive with 2,070 stocks closing higher against 631 closing in the red.

All 10 components of the index ended in the green. The Reverse Repo rate now remains unchanged at 5.75%. Among the sectoral indices, BSE Metal was down 2.75 per cent, followed by Consumer Durables (-2.55 per cent), Basic Materials (-2.07), Capital Goods (-1.95) and Bankex (-1.63). Vedanta, HUL, Axis bank, UPL, SBI, TCS were the other major losers in the Nifty falling between 0.7-1 per cent.

Elsewhere, Asian shares traded mixed; Japan's Nikkei fell 0.10 per cent while Hong Kong's Hang Seng gained 0.93 per cent. Earlier, the provisioning limit was 50 per cent.

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