Fed Inc Int Rate 25bps,Market To Be Volatile On Gujarat Elections Exit Poll-Phase2


U.S. Federal Reserve increased its interest rate by 25 basis points in an expected line, Fed’s forecast of three additional rate increases in 2018 and 2019 was unchanged from its projections in September. The policymakers expect a short-term jump in US economic growth from the Trump administration’s on proposed tax cuts. Policy maker expect that the new tax overhaul would boost the economy next year but leave no lasting impact, and with the growth rate may again remain stagnant at 1.8 percent.

The Indian Benchmark Index Nifty has lost 47 points yesterday from its previous close. The Index opened at 10237, and closed at 10193 after making a high of 10297. The Cash Market Benchmark Index Small Cap was also down by 1.24% last day.

Among the major sector cement sector zoomed by 1.74% as the Supreme Court has allowed the cement companies to use pet coke, which was earlier ban in north India to curb pollution. The announcement of ban lifting provides a breathing space for the cement companies which were already facing the demand pressure on account of sand ban.

Nifty Future is opening gap- up by 35 points against yesterday close as indicated by SGX Nifty which is currently trading at 10256.

Sector Performance on 13th Dec

Sector Performance

Top performing Smallcap stocks from performing sectors on 13th Dec
Top performing smallcaps

NIFTY OUTLOOK & OPEN INTEREST IN INDEX OPTION
FII & PRO have a combine short position of 357076 contracts in Index Options. In the current Expiry they have sold 108407 contracts.

Nifty Outlook

Nifty Outlook

Cash Market Data
In last 10 days, FII and DII in combined have sold stocks worth Rs. 355.64 Crore in cash segment.
Cash Market Data

Results Today

Results Today

Results Today

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