Nifty shuts above 8,550 mark

Finally, the BSE Sensex ended with a gain of 266 points at 28,773. The BSE Sensex opened at 28,767 touched an intra-day high of 28,872 and low of 28,693.

The NSE Nifty closed with a gain of 90 points at 8,867. The NSE Nifty opened at 8,873 hitting a high of 8,893 and low of 8,837.

The Indian equity market opened over 1% up as US Federal Reserve kept the rates unchanged. The S&P BSE Sensex jumped over 350 points, while the broader Nifty50 went above its key 8,890 level.
 
The S&P BSE Sensex is trading at 28,795 up 287 points, while NSE Nifty is trading at 8,851 up 74 points.

The BSE Mid-cap Index is trading up 1.38% at 13,293 whereas BSE Small-cap Index is trading up 1.05% at 12,956.

Hero MotoCorp, NTPC, Adani Ports, SBI and Power Grid are among the gainers, whereas Lupin, Axis Bank, TCS, HUL, Coal India and Wipro are losing sheen on BSE.

Some buying activity is seen in oil & gas, utilities, banking, finance, capital goods and auto sectors, while IT and teck sector are showing weakness on BSE.

The INDIA VIX is down 8.89% at 13.4875. Out of 1,864 stocks traded on the NSE, 486 declined, 1,075 advanced and 303 remained unchanged today.

A total of 64 stocks registered a fresh 52-week high in trades today, while 18 stocks touched a new 52-week low on the NSE.

Nifty hovers around 8850, Sensex up over 200 pts; IT stocks drag

The market is still holding gains with the Sensex up 232.88 points or 0.8 percent at 28740.30. The Nifty is up 74.55 points or 0.8 percent at 8851.70. About 1575 shares have advanced, 1022 shares declined, and 200 shares are unchanged.

 Lupin, TCS, Axis Bank, Coal India and HUL were losers in the Sensex while  Hero MotCorp, NTPC, SBI, Adani Ports and Relinace were gainers. 

European stocks opened higher as global investors reacted to the widely expected decision by the US Federal Reserve to hold interest rates steady.

 European markets are to follow the positive lead set in Asia and the US where stocks rallied after the Federal Reserve kept interest rates unchanged on Wednesday, despite hinting of a hike later in the year. 

In its post-meeting statement, the Federal Open Market Committee expressed confidence in economic growth, but not enough to make a move this month.

Sensex rallies over 250 points; banking, metal gain

The Indian equity market opened over 1% up as US Federal Reserve kept the rates unchanged. The S&P BSE Sensex jumped over 350 points, while the broader Nifty50 went above its key 8,890 level.

The S&P BSE Sensex is trading at 28,785 up 277 points, while NSE Nifty is trading at 8,867 up 90 points.

The BSE Mid-cap Index is trading up 0.87% at 13,225 whereas BSE Small-cap Index is trading up 0.92% at 12,939.

ICICI Bank, Hero MotoCorp, Tata Steel, SBI, Axis Bank and Bajaj Auto are among the gainers, whereas Wipro, Dr.Reddy's and Infosys are losing sheen on BSE.

All the BSE sectoral indices were trading in the positive territory. Some buying activity is seen in banking, realty, metal, auto, finance, basic materials and realty sectors.

The INDIA VIX is down 8.29% at 13.5775. Out of 1,863 stocks traded on the NSE, 322 declined, 1,202 advanced and 339 remained unchanged today.

A total of 31 stocks registered a fresh 52-week high in trades today, while eight stocks touched a new 52-week low on the NSE.

The rupee opened higher 17 paise at 66.86/$ against US Dollar Thursday as against the previous close of 67.01/$.

The current account deficit (CAD) narrowed sharply to just USD 300 million, or 0.1% of GDP, in the June quarter, driven by lower trade deficit on deeper import contraction, the Reserve Bank said.

On the economy front, the Union cabinet also approved the finance ministry’s proposal to advance the general budget’s presentation by a month from the end of February.

Asian markets opened higher on Thursday. Shanghai Composite and Hang Seng are up by 1% each. Japanese markets were closed to observe a local holiday. 

Wall Street closed sharply higher on Wednesday after the Federal Reserve kept interest rates unchanged. The Dow Jones industrial average gained 0.90% to close at 18,293.7 points. The S&P 500 rose 1.09% to end at 2,163.12 points, while the Nasdaq advanced 1.03% to close at 5,295.18 points.

The US Federal Reserve left interest rates unchanged on Wednesday but strongly signalled it could still tighten the monetary policy by the end of this year as the labour market improved further.

The Rs.6,057-crore IPO of ICICI Prudential Life Insurance Company has oversubscribed 10.47 times on Wednesday, the last day of subscription.