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Sensex up 170 pts ahead of FOMC meet, Nifty ends above 7700

Dec 15, 2015, 04.29 PM | Source: Moneycontrol.com

Reliance Industries, Lupin, Tata Motors, HUL and ONGC were top gainers on the Sensex, up more than 2 percent followed by HDFC with 1.6 percent gain. ICICI Bank, Wipro and NTPC fell more than 1 percent.

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Sensex up 170 pts ahead of FOMC meet, Nifty ends above 7700

Reliance Industries, Lupin, Tata Motors, HUL and ONGC were top gainers on the Sensex, up more than 2 percent followed by HDFC with 1.6 percent gain. ICICI Bank, Wipro and NTPC fell more than 1 percent.

15:59

TheNewsInternational Team

Equity benchmarks rallied further for the second consecutive session Tuesday, tracking upmove in global peers ahead of Federal Reserve’s two-day meeting tonight. Oil, FMCG and auto stocks gained strength while banks stocks were under pressure.

The market gained strength in last couple of hours of trade after seeing consolidation from opening. The 30-share BSE Sensex rose 170.09 points or 0.68 percent to 25320.44 and the 50-share NSE Nifty ended slightly above 7700-mark, up 50.85 points or 0.66 percent to 7700.90.

The broader markets also gained in line with benchmarks. The BSE Midcap index climbed 0.6 percent and Smallcap was up 0.7 percent.

FOMC’s last policy meeting of the year will begin tonight. The Federal Reserve is widely expected to hike US interest rates by a quarter of a percentage point, the first hike since June 2006.

European markets were strong with the France’s CAC, Germany’s DAX and Britain’s FTSE rising 1.5-2 percent. However, Asian markets closed lower with the Nikkei down 1.7 percent. Oil prices rebounded from seven-year low with the Brent crude up 2.4 percent to USD 38.81 a barrel and NYMEX crude up 2 percent to USD 37.04 a barrel (at 16 hours IST).

Market Close – 15th Dec
Created by Moneycontrol

On the home turf, Sun Pharmaceutical Industries gained 0.7 percent as the subsidiary of country’s largest drug maker has divested its US manufacturing facility – Bryan (Ohio) unit to Nostrum Laboratories Inc.

Reliance Industries, Lupin, Tata Motors, HUL and ONGC were top gainers on the Sensex, up more than 2 percent followed by HDFC with 1.6 percent gain. ICICI Bank, Wipro and NTPC fell more than 1 percent.

In broader space, Adani Enterprises climbed 4.5 percent after the Australian court has dismissed Green Group’s challenge to Adani Coalmine.

On the Bombay Stock Exchange, about 1575 shares advanced against declinnig of 1071 shares.

14:00

Nifty ends at 7701, Sensex up 170 pts; HUL, Reliance gain

HUL, Lupin, Reliance, ONGC and Tata Motors were top gainers while ICICI Bank, Wipro, NTPC, GAIL and Coal India were major losers in the Sensex.

Read More »

13:23

Sensex, Nifty rangebound; ONGC, Lupin top gainersRead More »

HUL, ONGC, Sun Pharma, Lupin and Reliance are top gainers while ICICI Bank, Vedanta, BHEL, NTPC and Wipro are losers in the Sensex.

Read More »

12:00

Sensex, Nifty volatile; Midcap, Smallcap indices outperformRead More »

In its last policy meeting of the year that kicks off later today, the Federal Reserve is widely expected to hike US interest rates for the first time since June 2006.

Read More »

11:00

Nifty struggles below 7650; ICICI Bank, Tata Motors downRead More »

The market is still under pressure as all eyes are on the FOMC tonight. The Sensex is down 20.34 points at 25130 and the Nifty is down 12.80 points at 7637.25. About 1221 shares have advanced, 812 shares declined, and 133 shares are unchanged.

Read More »

10:00

Sensex, Nifty continue to consolidate; Reliance, HUL gainRead More »

Reliance Industries and Hindustan Unilever topped the buying list on Sensex, up more than 1.5 percent. ITC, Sun Pharma and ONGC gained 0.5-1 percent while ICICI Bank, Tata Motors, SBI, Wipro and BHEL fell 1-2 percent.

Read More »

09:15

Sensex opens flat, Nifty holds 7650; Sun Pharma gains 1%Read More »

Sun Pharma, Hindalco, Tata Steel, Coal India and Maruti are top gainers while Cipla, ICICI Bank, ITC, HDFC Bank and Tata Motors are down in the Sensex.

Read More »

READ MORE ON  BSE Sensex, Nifty, Market, FOMC meet
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