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renegadebusdallas.com December 12, 2017


Sensex slips a tad ahead of RBI policy move

08 December 2017, 01:42 | Clyde Nash

The 30-scrip BSE Sensex opened 0.01% or 3.94 points lower at 32,798.50 points. Image Source Zeebiz

Markets open flat as RBI readies 5th bi-monthly monetary policy

After a strong start at 32,968.02, the Sensex reclaimed the 33,000-mark to hit a high of 33,008.62 points but profit- booking at higher levels capped the gains.

The domestic benchmark indices recovered from six-week lows as BSE Sensex gained as many as 352 points to 32,949.21 while Nifty50 ended the session at 10,166.70, up 123 points.

Sensex zoomed 179 Points or 0.55% to 32,776.34 while the wider Nifty was up by over 55 points or 0.55% to 10,099.35. Benchmark Bank Nifty was also up by 205 points with both PSU and private banks contributing well.

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Vinod Nair, Head of Research, Geojit Financial Services, said: "Market smartly recouped from the yesterday's losses which were triggered by Reserve Bank of India's (RBI) hawkish policy and weakness in global market".

Broader markets rallied with BSE Midcap index adding 231 points or 1.38 per cent to end at 16,893.61 and Smallcap index closing at 18,031.24, up 1.29 per cent or 230 points.

Jets beat the Chiefs, 38-31
And the Jets' 23rd-ranked offense proceeded to carve up the Chiefs' defense and propel NY to a 38-31 victory at MetLife Stadium. Revis, who played eight years over two stints with the Jets, started for the Chiefs, but spent the second half on the sideline.

Market breadth was positive with 1,614 advances against 542 declines. Most capital goods shares rose.

Major index gainers were GAIL, Bharti Airtel, Tech Mahindra, UPL, Asian Paints, Maruti, Bharti InfraTel, Tata Steel and Bajaj Auto.

Major Asian indices closed higher.

In the eurozone, key indices such as Paris CAC 40 and Frankfurt's DAX were up by 0.32 per cent and 0.55 per cent in their early deals.

Reliance, Wipro, Sun Pharma, TCS and Infosys were under selling pressure.



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