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
Top performing Smallcap stocks from performing sectors on 13th Dec
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.
Cash Market Data
In last 10 days, FII and DII in combined have sold stocks worth Rs. 355.64 Crore in cash segment.
Disclaimer: There is no guarantee of profits or no exceptions from losses. The investment advice provided are solely the personal views of the research team. You are advised to rely on your own judgment while making investment / Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. You should read andunderstand the Risk Disclosure Documents before trading/Investing
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