Indices extend gains; Sensex jumps over 200 points

The Reserve Bank of India is widely expected to keep policy rates on hold but investors will watch for any hints of a cut at the February meeting in the policy statement to be released on Wednesday

The Reserve Bank of India is widely expected to keep policy rates on hold but investors will watch for any hints of a cut at the February meeting in the policy statement to be released on Wednesday

The benchmark BSE Sensex was up 163 points or 0.50 percent at 33,112 in early trade after climbing over 1 percent on Thursday. Also, the central bank raised the inflation forecast for the remainder of the current fiscal to 4.3-4.7 per cent.

The 30-share Sensex opened on a negative note on across-the-board losses and touched a low of 32,682.52.

At 10:11 am, 44 stocks out of the 50-scrip Nifty index were trading in the positive zone.

Out of 1,980 stocks traded on the NSE, 1,199 advanced, 355 declined and 426 remained unchanged today.


Dalal Street saw investors hunting for bargains in recently-battered bank, auto and metal stocks, that came under the weather in the previous session on the back of the central bank's decision to hold repo rates in its sixth bi-monthly monetary policy meeting. SBI, ICICI Bank, Axis Bank, HDFC Bank, Bank of Baroda, Punjab National Bank and Yes Bank fell by up to 2.27 percent.

In sync with overall trend, the rupee too weakened to quote at 64.55 against the dollar intra-day.

The top losers were Bharti Infratel which feel over 2 percent followed by Coal India, Bajaj Finance, UPL and Yes Bank. Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net Rs 1,470.56 crore, while domestic institutional investors (DIIs) bought to the tune of Rs 1,074.39 crore yesterday, as per provisional data released by the stock exchanges.

In broader markets, the BSE Midcap and BSE Smallcap indices were up 0.7% and 0.9%, respectively. Japan's Nikkei advanced 1.45%, Hong Kong's Hang Seng went up 0.29%, while China's Shanghai Composite Index surrendered 0.67%. London's FTSE rose 0.16% in late morning deals.

Recommended News

  • Former Norwegian royal accuses Kevin Spacey of groping his genitals

    Rather than deny the incident, which was alleged to have been in 1986, Spacey said while he didn't remember, he apologised anyway. The former royal past year divorced his wife, who is the only daughter of King Harald V and fourth in line to the throne.
    Citing health issues, Georges St-Pierre gives up UFC middleweight title

    Citing health issues, Georges St-Pierre gives up UFC middleweight title

    St-Pierre has been diagnosed with colitis, prompting him to step down from competition for the time being and focus on his health. Fighting out of Sydney, Whittaker was hopeful he'd have a chance to unify the title against St-Pierre.

    Long Term Technical look - Cisco Systems, Inc. (CSCO)

    Mike Vranos increased its stake in Comerica Inc (CMA) by 204.55% based on its latest 2017Q2 regulatory filing with the SEC. The business had revenue of $12.14 billion during the quarter, compared to the consensus estimate of $12.11 billion.
  • Israeli army says 2 rockets launched at Israel from Gaza landed short

    Israeli army says 2 rockets launched at Israel from Gaza landed short

    In the blast and its aftermath, 12 members of the terrorist group were killed, along with two Hamas operatives. The violence comes the day after President Donald Trump said he recognized Jerusalem as the capital of Israel.

    Short Term Trend Watch - UnitedHealth Group Incorporated (UNH)

    Taking a wider perspective, shares have been recently trading -5.10% off the 52-week high and 40.91% away from the 52-week low. Geode Cap Management Limited Liability Corp invested 0.68% of its portfolio in UnitedHealth Group Incorporated (NYSE:UNH).
    Hamilton Police investigating GoFundMe account for murder victim Yosif Al-Hasnawi

    Hamilton Police investigating GoFundMe account for murder victim Yosif Al-Hasnawi

    James Mattheson, 20, was arrested Monday in connection with the shooting was also charged with accessory after the fact. Al-Hasnawi, a 19-year-old student and aspiring doctor, is being honoured at a vigil at Brock University on Friday.
  • Fallen Kingdom' Trailer Is Here Because Life Finds A Way

    Fallen Kingdom' Trailer Is Here Because Life Finds A Way

    As the three panic, the video plays some of the most popular imagery from the original " Jurassic Park " movie. But perhaps the biggest highlight of the trailer was Goldblum's return as Ian Malcolm .
    Quentin Tarantino's 'Star Trek' movie to be R-rated, reports say

    Quentin Tarantino's 'Star Trek' movie to be R-rated, reports say

    Now, Tarantino has been pretty adamant about the fact that he's only making 10 films and then he's retiring. A-list screenwriters gathered together by Abrams to pitch their takes on Tarantino's story include Mark L.
    United States  trade body rules Canadian softwood hurts USA  industry

    United States trade body rules Canadian softwood hurts USA industry

    The department determined most Canadian producers will pay an average, combined antidumping/countervailing duty of 20.83 per cent. The United States International Trade Commission has found the importing of Canadian softwood lumber has hurt the USA market.
  • Bryan Singer sued over alleged sexual assault of 17-year-old boy

    Bryan Singer sued over alleged sexual assault of 17-year-old boy

    After the alleged assault, Sanchez-Guzman states in the lawsuit that Singer threatened to ruin his reputation if he came forward. Guzman claims that Singer forced him to perform oral sex on him and that the director then forcibly performed it on Guzman .
    Our Favorite Gear Brands Are Already Using Pantone's Color of the Year

    Our Favorite Gear Brands Are Already Using Pantone's Color of the Year

    Pantone announced Pantone 18-3838, Ultra Violet , as the Pantone ® Color of the Year 2018. One of the hottest color trends this year was millennial pink.
    House Approves Two-Week Spending Bill to Avert Government Shutdown

    House Approves Two-Week Spending Bill to Avert Government Shutdown

    The bill was then taken up by the Senate less than an hour later and passed handily, with many Democrats supporting the bill. The bill made it through the House on a close vote and was nearly immediately passed by the Senate .

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.