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.
The tax is aimed at reducing the consumption of such drinks and levels of obesity, particularly among children . More than 60,000 children had teeth extracted in hospital past year - the equivalent to 141 operations a day.
Otherwise, they would be at risk from pro-Assad "sectarian militias", a reference to Iran-backed Shi'ite groups such as Hezbollah. To date, an estimated 150,000 residents of Eastern Ghouta have evacuated to northern Syria.
Eric, known as the Crafty Cockney, entered the Australian jungle in 2012 for the ITV show, where he finished in fourth place. Immediately afterwards fans at the Echo Arena burst into a rendition of "There's only one Eric Bristow ".
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.
The court's decision was met by protests both in favour of and against Lula, representing a deep divide within the country. Late on Thursday, thousands gathered outside the union and hundreds spent the night sleeping on the street.
The Roskomnadzor had threatened to ban the app in June past year for failing to provide its registration documents. But a lawyer representing Telegram said any ban would be unconstitutional and in any case impossible to enforce.
The semblance of the actors to the royals is arguable but fans will be hoping for a true depiction of Harry and Meghan's romance. While planning the wedding of the year, the 36-year-old Suits star also is finding time to brush up on royal knowledge.
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.
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.
If a buyer buys one share of stock from a seller, then that one share is added to the total volume of that particular stock. Autonomy Capital Lp sold 150,000 shares as the company's stock rose 28.13% while stock markets declined.
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