Thursday, December 18, 2014

Market Today 18 DEC 2014

The 50-share NSE Nifty ended the session above 8150, up 129.50 points or 1.61 percent at 8159.30. Sentiment today was also boosted by the Cabinet passing the Constitutional Amendment Bill on Goods and Services Tax on Wednesday.

Commodities extended rally with the Brent crude oil prices climbing above USD 62 a barrel, up 2.24 percent to 62.55 while US crude rose 2.11 percent to USD 57.66 a barrel. On the home turf, the rupee also bounced back from its 13-month lows, up 45 paise to 63.16 a dollar while the benchmark bond yields too softened to 7.91% levels.

All sectoral indices closed in green. Auto, Bank, Capital Goods, Metal, Power and Realty indices rallied 2-3 percent. Power equipment maker BHEL was the top gainer on Sensex, up nearly 5 percent followed by ICICI Bank, Maruti Suzuki, NTPC and Hindalco Industries with 4 percent gains.

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