Sensex rises over 100 points; Nifty above 10150

Sensex falls over 205 points on RBI hawkish stance

Bank stocks power Sensex, Nifty higher

The index had lost 205 points on Thursday following the Reserve Bank of India's action on monetary policy where the central bank stayed pat on rate, keeping it unchanged at 6%, and raised the inflation forecast for the remainder of the financial year 2017-18. In early trading, both indices were gaining more than half a per cent.

The Sensex touched a high of 32,992.45 points and a low of 32,598.12 during the intra-day trade.

However, value-buying in several heavyweights towards the fag-end trimmed the losses, with the index finishing at 32,802.44, down 67.28 points or 0.20%.

The barometer 30-scrip Sensitive Index (Sensex) of the BSE provisionally closed gaining over 300 points, while the wider Nifty50 of the National Stock Exchange (NSE) closed firmly above the 10,100 level.

Meanwhile, services sector activity slipped into the contraction territory during November, post the implementation of the Goods and Service Tax (GST) that led to sluggish demand and lower customer turnout, a monthly survey said.

Calmly scorches viewer who called her the N-word
African American Keisha Lance Bottoms won a tight race that was sadly characterized by nasty racial undertones . Atlanta news anchor Sharon Reed made it very clear on Tuesday evening: watch what you say to her.

Prominent gainers included Tata Motors, Bharti Airtel, Adani Ports, ICICI Bank, Axis Bank, Maruti Suzuki, ONGC, HDFC Bank, HDFC Ltd, Bajaj Auto, Wipro, TCS, Cipla, and SBI, gaining up to 1.68%.

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.

Indian shares rose more than 1 percent on Wednesday, recovering from earlier.

European markets too saw a weak trend. China's Shanghai Composite Index was quoting in green, up by 0.15 per cent. Paris CAC fell 0.29% and Frankfurt's DAX shed 0.13%.

Latest News