09:10
Moneycontrol Bureau After the deep cuts seen in last few days, the market has opened with a loud roar with support from global cues triggered by Fed meeting outcome. The Sensex is up 343.73 points or 1.3 percent at 27053.86, and the Nifty is up 110.75 points or 1.4 percent at 8140.55. About 3 shares have advanced, 0 shares declined, and 0 shares are unchanged.Banks are up including SBI and ICICI Bank (3 percent gains each). Other gainers in the Sensex are Tata Power, Sesa Sterlite and Tata Steel. Among the losers are ITC, HUL and Wipro.
The Indian rupee gained in the early trade. It has opened higher by 26 paise at 63.35 per dollar against 63.61 Wednesday. The dollar pared gains against major currencies after the Federal Open Market Committee released a statement saying there remains "considerable time" before an interest rate hike.
Deepali Bhargava of Credit Suisse said, "The rupee continues to see a sharp sell-off, led by a pick-up in risk aversion, concerns on global growth, and year-end position adjustments. While the current risk-off tone may persist, we expect the upside to USD-INR to be limited."
Among global markets, stocks surged in the US, with the Dow marking its best session of the year, as investors celebrated a rally in the energy sector and the Federal Reserve's pledge to be patient in raising interest rates.
Federal Reserve retained the phrase "considerable time" in its policy statement on Wednesday, and also introduced another word, "patient," as the central bank readies to raise interest rates next year. Fed Chair Janet Yellen said the new language was not a change in policy, and that a rate increase was unlikely for the next several meetings.
In Europe, shares closed mixed, as banking stocks with a heavy exposure to Russia pared losses and energy stocks rebounded as oil prices recovered some ground.
Russia again attempted to halt a rout in the ruble, which climbed after the finance ministry said it had purchased the currency, with the nation moving towards recession. Meanwhile, Fed Chairperson, Janet Yellen says linkages backed spillovers to the US both through trade and financial channels would be small.
in Asia, Bank of Japan kicks off its two-day monthly meeting today and will release its last policy decision for the year tomorrow.
In commodities, Brent crude prices rise towards USD 61 per barrel as US data showed falling crude inventories. The move stemmed deep losses brought on by a supply glut and signals from OPEC producers and Russia that they will not cut production.
Anda sedang membaca artikel tentang
Sensex soars over 300 pts, Nifty above 8100; SBI up 3%
Dengan url
https://segarsaries.blogspot.com/2014/12/sensex-soars-over-300-pts-nifty-above.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Sensex soars over 300 pts, Nifty above 8100; SBI up 3%
namun jangan lupa untuk meletakkan link
Sensex soars over 300 pts, Nifty above 8100; SBI up 3%
sebagai sumbernya
0 komentar:
Posting Komentar