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etvfutures.com December 17, 2017


Sensex surges 246 points, Nifty above 10200

08 December 2017, 09:18 | Israel Caldwell

Sensex ends lower ahead of RBI policy call

Sensex ends lower ahead of RBI's monetary policy decision

Meanwhile, the broad based NSE Nifty went up by 122.60 or 1.22% at 10,166.70 with 44 components registering rise.

On Wednesday, the key indices were dragged lower by interest-rate sensitive stocks like banking, metals and capital goods. Also, the central bank raised the inflation forecast for the remainder of the current fiscal to 4.3-4.7 per cent.

However, among the laggards stood pharmaceutical majors Sun Pharma, Cipla, and IT companies like Wipro, TCS, in addition to the state-run Coal India.

The top Nifty gainers included GAIL (+8.57%), Tech Mahindra (+5.13%) and UPL (+4.97%).

Flu season has arrived and it could be a bad one
Doctors still want you to get the shot, though. "The flu vaccine takes two weeks to become fully effective", said Dr. Compared to this time a year ago , experts say there are double the number of confirmed cases of the flu.


Brokers said unabated buying by retail and domestic institutional investors and a firm trend in other Asian markets influenced sentiment here. Polls indicate a victory for the ruling Bharatiya Janata Party (BJP), but with a greatly reduced majority. "There may be some recovery in the markets ahead of the earnings season and the government budget next month", he added.

Indian shares look set to extend gains from the previous session on Friday as oil dipped on a stronger dollar and Asian markets climbed for a second day running, buoyed by a weaker yen and optimism for the passage of the USA tax bill through the Senate. MSCI's broadest index of Asia-Pacific shares outside Japan was barely changed.

The NSE Nifty50 fell by 74.15 points or 0.73 per cent to close at 10,044.10 points, while the Sensex at 32,597.18 points - down 205.26 points or 0.63 per cent. China's Shanghai Composite Index was quoting in green, up by 0.15 per cent.

The US Dow Jones Industrial Average ended 0.29 per cent higher in yesterday's trade.



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