Thursday 18 December 2014

Sensex surges 250 points...Nifty above 8,100 levels

At 9:20AM, the S&P BSE Sensex is trading at 26,988 up 315 points, while NSE Nifty is trading at 8,121 up 91 points.
The BSE Mid-cap Index and BSE Small-cap Index was trading up at 2%.
Auto, Consumer Durables, Power, banking, Capital goods, Oil and gas Healthcare metal, realty  are the gainers, while FMCG indices is only the loser.
GAIL, BHEL, COALINDIA,SUNPHARMA,TATASTEEL, Reliance, Hindalco are among the gainers, whereas HDFC Bank, Infosys, Axis Bank, HUL are losing sheen on BSE.
Asian markets are in the green with Japan's Nikkei 225 and Hong Kong's Hang Seng index gaining around half a percent. China's Shanghai index is marginally up. US consumer prices recorded their biggest drop in nearly six years in November.The Dow rose 1.69%, the S&P 500 jumped 2.04% and Nasdaq rose 2.12%.
Russia's surprise interestrate increase failed to stop the plummeting rouble. Another tool available to repair economic havoc caused by sanctions and falling oil prices: selling gold, says a report. Russia holds about 1,169.5 metric tonnes of the precious metal, the central bank said last month. That's about 10 per centof its foreign reserves, according to the London-based World Gold Council.
Former Tamil Nadu Chief Minister Jayalalithaa may convey to the Supreme Court that  she would not delay her criminal appeal before the Karnataka High Court, challenging the four-year imprisonment in a disproportionate assets case, according to reports.
Securities and Exchange Board of India is probing several small companies listed on stock exchanges for their alleged role in enabling conversion of unaccounted cash into legitimate money, report says.
Mahindra Partners is in talks to acquire online portal BabyOye, according to reports.

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