Sensex rises over 150 points; Nifty above 10200
- Author: Douglas Reid Dec 10, 2017,
Dec 10, 2017, 2:17
The week started with stocks specifics minor gains while caution loomed due to two-day RBI monetary policy review meet along with fresh macro concerns like Services activity slippage and cut in Fitch ratings impacting the trading momentum. The sentiment also remained upbeat as U.S. markets settled higher overnight and opinion polls suggesting BJP may see easy win in Gujarat elections that kicks off on Saturday. The index had rallied 352.03 points in the previous session on value-buying by investors in recently-battered blue-chip stocks. On a weekly basis, the Sensex gained 417.36 points, or 1.27 per cent, while the Nifty advanced 143.85 points, or 1.42 per cent.
Money managers believe that the focus will continue to be on the Gujarat polls in the days to come and is likely to keep the market on edge. All the sectoral indices also ended in the green.
Ford To Partner With Alibaba To Sell Cars Online In China
Those cars could come directly from Ford or from its dealers but the details are still to be worked out, the source added. As of October, Ford's 2017 vehicle sales were down 5% from the same period in 2016.
Domestic institutional investors (DIIs) were net buyers as they bought shares worth Rs 926.68 crore yesterday while foreign portfolio investors (FPIs) offloaded equities amounting to Rs 1,075.62 crore, provisional data showed. Other companies that stood among the pack of gainers on the Sensex include Asian Paints, Maruti Suzuki, Tata Steel, Bajaj Auto, NTPC, Larsen and Toubro, ICICI Bank, Hindustan Unilever, State Bank of India, Tata Motors, Lupin, Adani Ports, Hero MotoCorp, Power Grid and Infosys, rising up to 3.29%.
The broader market depicted a mixed trend, with the BSE mid-cap ending up 0.41 per cent, while small-cap index finished 0.03 per cent down. The BSE FMCG index topped with a robust 2.23% rise, followed by metal 1.36%, healthcare 1.35%, consumer durables 1.15%, oil & gas 1.02%, auto 0.97%, bankex 0.92% and realty 0.72%. Japan's Nikkei led the way again with an early gain of 0.9 percent, adding to Thursday's 1.45 percent bounce. London's FTSE rose 0.16% in late morning deals.