Friday, 18 September 2015

Indian Stock Market Updates: Nifty @ 7,982

Sensex ends 255 points higher, Nifty @ 7,982; rate-sensitive stocks rally on rate cut hope

Buoyed by the US Federal Reserve's decision to maintain status quo on policy rate, the domestic market staged a smart rally on Friday, with S&P BSE Sensex gaining 254.94 points, or 0.98 per cent, led mainly by the rate-sensitive stocks.

During the day, the market surged over 500 points in a relief rally, mainly on rate-cut hope even as Asian markets ended mixed and European markets had a weak opening. The US markets flat on Thrusday night amid volatility after the Fed rate decision. The broader 50-stock NSE Nifty ended below 8,000, but gained 82.75 points, or 1.05 per cent.

The rupee appreciated by 51 paise to 65.95 against the US dollar and traded at three-week high after the Fed meet to emerge the best-performing currency in Asia at the time of writing this report.

Top Gainers: AXIS BANK (4.3%), M&M (3.4%), ICICI BANK (3.1%), HERO MOTOCORP (2.9%), SBI (2.9%)

Top Losers:
TATA MOTORS (2.9%), ITC (1.8%), HINDUSTAN UNILEVER (1.3%), GAIL (1.2%), BHARTI AIRTEL (1.2%)

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