Sensex, Nifty open in green ahead of monetary policy announcement
Apr 08, 2018, 00:59
Asian stocks are trading mostly higher, with Japan's Nikkei index rallying as much as 1.6 percent as trade fears eased and the yen weakened on improved risk appetite.
Positive global cues as trade war worries between the United States and China faded too bolstered trading sentiment.
The 30-share Sensex opened positive and advanced to a high of 33505.53 but succumbed to a sudden selloff in the afternoon, hitting a low of 32972.56. The Dow was down by over 500 points, but it managed to end the session with gains of 0.96% at 24,264.
Sensex took a breather on Friday after Thursday's 577 point rally as traders book profit in recent gainers.
The Sensex was down about 10 points at 33,587 while Nifty edged lower at 10,314, down 10 points.
Meanwhile, the Reserve Bank of India (RBI), on Thursday, said that on the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) chose to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at six per cent.
Investors were not keen to expand their portfolios ahead of the corporate earnings season, brokers said. Despite opening on a flat note, the benchmark indices succumbed to global pressures to finally close the day with losses of over one per cent.
USA stocks rebounded from early losses to end sharply higher overnight amid bets that a full-blown trade war between the world's two biggest economies can be averted despite the tit-for-tat tariff threats. "Additionally, traders and investors awaited the outcome of the RBI's first monetary policy meeting of the year", said Karthikraj Lakshmanan, senior fund manager-equities, BNP Paribas Mutual Fund.
Major laggards were Infosys, Tata Motor, SBI, L&T, SBI, Tata Steel, TCS, Hindustan Unilever, M&M, Wipro, Kotak Bank, Hero Motocorp and Maruti Suzuki fall by 1.07percent.
As reported by Ghizmochina , this smartphone is the result of a cooperation with Black Shark Ltd, a game developer company. From what we have heard in the past, the smartphone could be powered by Qualcomm Snapdragon 845 with 8GB of RAM .
Asked for a more extensive injury update at Melwood on Friday, he said: "I have not too much to say about it for two reasons". With the squad wafer thin, Klopp has to stick with Alex Oxlade-Chamberlain to complete his midfield .
This storm system would pull in some warmer air with highs in the 50s and, at this time, only rain showers are expected. We will need to watch for a changeover from rain to sleet/snow by late afternoon and evening as the temperatures drop.
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Then the eagle, named Challenger, landed in the grass before circling back to find a perch on Paxton's right shoulder. Minnesota lost 5-4 on Monday and on Wednesday the Twins struck back with a 7-3 victory.
On the other hand, the opposition parties are complaining that they are not being let to raise the issue matter to them. While the BJP has been working to unite society, the opposition wants to divide it, he said.
The so-called "catch and release " practice has been an issue dating back at least to the Republican administration of George W. Trump took a hard line on illegal immigration during the campaign and has also sought to curtail legal immigration.
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In fact, he felt the players have already copped a bigger punishment than what should have been given if one went by the rule book.
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Kabul also routinely accuses Pakistani security forces of launching cross-border fire on Afghan villages. Pakistan, however, insists its influence over the militant group has been exaggerated.