Equity indices extend gains, exit polls outcome uplift sentiments

Yolanda Curtis
December 15, 2017

The 30-share index ended with a gain of 216 points or 0.65 per cent at 33,462.97.

"The markets will react to the Fed hike news, but investors are jittery ahead of the exit polls from Gujarat elections", said Siddhartha Khemka, head of research (retail) at Motilal Oswal Securities. On two straight days, the Sensex has gained 410 points and the Nifty over 140 points.

Benchmark equity indices BSE Sensex and NSE Nifty surged almost 1 per cent each in early trade on Friday after exit polls predicted a victory for the ruling BJP in Gujarat.

Nine of ten BSE BANKEX stocks are trading in green on Friday, with HDFC Bank being the highest gainer from the bank index. On the similar lines, Nifty50 closed at 10,333, up 81 points or 0.79 per cent. BSE small-cap and mid-cap indices surged 1.38% and 1%, respectively. The currency opened 19 paise up at 64.15 against the dollar on Friday. Sensex zoomed 340 Points or 1.03% to 33,587.67 while the wider Nifty jumped 114 points or 1.11% to 10,366.15. The metal index ran up the maximum by 2.82%, followed by realty, consumer durables and auto.

Among the top Sensex laggards, TCS fell 2.8 percent, Wipro declined 1.3 percent, Power Grid lost 0.7 percent while Tata Steel was down 1 percent. Meanwhile, foreign portfolio investors (FPIs) net bought shares worth Rs 232.17 crore yesterday. As per PI report, Coal India, which advanced 2.55 per cent, was in the lead.

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