Wednesday, 7 February 2018

Nifty hovers around 10,550 ahead of RBI monetary policy meet@HighLight Updates

Domestic benchmark indices recovered from Tuesday's losses, mirroring the positive trend in Asian and US equity markets.

Global indices recovered today following a violent sell-off in the US as investors were cautious of the rise in bond yields and on the expectation of higher interest rates.

All sectoral indices were in the green today with Nifty Realty, up 2.6%, being the top gainer. The stock market came off their opening highs, with the Sensex rising 144 points.

The BSE Sensex was trading at 34,320, up 124 points, while the Nifty50 index was trading at 10,549, up 60 points.

Shares of Hero MotoCorp gained 1.5% today as the company reported a 16% on-year rise in sales volume in Oct-Dec to 1.71 mn units.

Shares of Hindustan Petroleum Corp were among the best performers, up 3.4%, on the 50-stock index while Lupin was the biggest laggard, down 1.7%.

The broader markets were trading higher as the BSE MidCap Index gained 1.31%, while the BSE SmallCap Index soared 2.33%.

Volatility index India VIX slipped 3.42% at 19.3300.

HPCL (+3.3%), Hindalco (+2.6%), Tata Steel (+2.2%), Vedanta (+2.2%) and Aurobindo (+2%) were the top gainers on Nifty50.

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