MARKETS LIVE: Sensex up 150 pts , Nifty hovers around 10550 on global cues

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SI Reporter  |  New Delhi 

Markets, Buy, Sell, Stocks
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Market Check S&P BSE Sensex 34,373.44 0.52%   Nifty 50 10,565.35 0.64%   S&P BSE 200 4,608.35 0.85%   Nifty 500 9,280.45 0.98%   S&P BSE Mid-Cap 16,500.29 1.35%   S&P BSE Small-Cap 17,830.23 2.52% RBI policy review: Amid global market storm, all eyes on inflation forecast   The Reserve Bank of India, meeting amid a global market storm, is widely expected to keep its key rate on hold on Wednesday, but toughen its rhetoric as inflation has accelerated sharply, making an increasing number of analysts see a hike this year. READ MORE HEG surges ahead of board meet for interim dividend, share buyback   HEG has surged 17% to Rs 2,600 on BSE in early morning trade ahead of board meeting tomorrow to consider either the interim dividend or proposal for buy back of equity shares of the Company.   The stock had locked in lower circuit in past four straight trading sessions, fell 25% in six trading days. The BSE & NSE have revised the circuit filter of the stock to 20% from 5% earlier. READ MORE Lupin: Q3 shows further rise in US pricing pressure as net profit falls 65%   Lupin once again disappointed the Street when its net profit for the December 2017 (Q3) quarter missed expectations by a huge margin, mainly due to high pricing pressure in its US business.   Even as earnings were affected by foreign exchange loss of Rs 821 million and re-measurement of deferred tax assets/liabilities of Rs 361 million pertaining to a new US tax regime, the significant miss at the operating level indicates that price erosion in the US base business continues to take a toll. READ MORE Hero MotoCorp Q3 results: Withdrawal of tax benefits to dent margins   Hero MotoCorp reported a better-than-expected revenue performance for the December quarter, supported by a 16 per cent growth in volumes. Sales in the quarter were up about 15 per cent to Rs 73.05 billion against estimates of about Rs 71 billion.   While volume growth was strong albeit on a low base last year, realisations came in lower. READ MORE Stock market turmoil: Here are the worst possible mistakes you can commit   The year 2017 was a year of exceptionally low volatility in the markets. Equities kept rising without any major pullbacks. During this bull run, a large number of new investors climbed the equity mutual fund bandwagon.   For these investors, the ongoing market correction — the Sensex is down 5.8 per cent from its all-time closing high on January 29) — will be the first big brush with volatility, and possibly a good correction. While it is natural to feel anxious, new investors should not compound their woes with mistakes. READ MORE

rose on Wednesday, snapping 6-day losing streak as global recover from recent sell-off. On Tuesday, the plunged as much as 1,274 points after a rout in the US and other major The index, however, managed to recoup more than half its losses as investors resorted to value buying following a sharp three-day correction. 

Besides global cues, investors will also look forward to the outcome of the Reserve Bank of India's monetary policy review due at 2:30 pm IST.

The central bank is widely expected to keep its key rate on hold on Wednesday, but toughen its rhetoric as inflation has accelerated sharply, making an increasing number of analysts see a hike this year.

GLOBAL MARKETS

Asian share were trying to find their footing on Wednesday as a semblance of calm returned to Wall Street where major indices bounced into the black after days of deep losses.

MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 1.7 per cent, recouping some of Tuesday’s 3.5 per cent fall. That had been its biggest daily drop since August 2015.

Chinese blue chips rallied 1.2 per cent and Japan’s Nikkei rebounded 3.1 per cent. The latter had slid 4.73 per cent on Tuesday for its steepest fall in 15 months.

(with inputs from Reuters)

First Published: Wed, February 07 2018. 10:21 IST

MARKETS LIVE: Sensex up 150 pts , Nifty hovers around 10550 on global cues

Catch all the market action here.

Catch all the market action here.
rose on Wednesday, snapping 6-day losing streak as global recover from recent sell-off. On Tuesday, the plunged as much as 1,274 points after a rout in the US and other major The index, however, managed to recoup more than half its losses as investors resorted to value buying following a sharp three-day correction. 

Besides global cues, investors will also look forward to the outcome of the Reserve Bank of India's monetary policy review due at 2:30 pm IST.

The central bank is widely expected to keep its key rate on hold on Wednesday, but toughen its rhetoric as inflation has accelerated sharply, making an increasing number of analysts see a hike this year.

GLOBAL MARKETS

Asian share were trying to find their footing on Wednesday as a semblance of calm returned to Wall Street where major indices bounced into the black after days of deep losses.

MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 1.7 per cent, recouping some of Tuesday’s 3.5 per cent fall. That had been its biggest daily drop since August 2015.

Chinese blue chips rallied 1.2 per cent and Japan’s Nikkei rebounded 3.1 per cent. The latter had slid 4.73 per cent on Tuesday for its steepest fall in 15 months.

(with inputs from Reuters)
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