Thursday 20 December 2018

Market Live: Sensex, Nifty see gap-down opening amid weak global cues, US Fed rate hike


Market opens It’s a gap down start to the market on Thursday morning, with the Sensex taking a cut of 0.7 percent, while the Nifty has given up 10,900-mark. 

All sectors are trading in the red, with maximum cuts visible among banks, automobiles, energy and metals, among others. The Nifty Midcap index is down around a percent. 

The Sensex is down 259.49 points or 0.71% at 36224.84, while the Nifty is down 78.90 points or 0.72% at 10888.40. The market breadth is negative as 197 shares advanced, against a decline of 264 shares, while 32 shares were unchanged.

Sun Pharma, M&M, and Tech Mahindra are the top gainers, while Vedanta, NTPC, and Hindalco lost the most.

JUST IN | Reuters is reporting that the US will lift sanctions from aluminium giant Rusal

Rupee opens The Indian rupee has opened at 70.68 per US dollar, a weaker opening compared to previous close of 70.40 per US dollar.

Market at pre-open It’s a flat start for the market in pre-opening trade, with the Nifty holding 10,950-mark.  

The Sensex is down 4.53 points or 0.01% at 36479.80, and the Nifty up 18.40 points or 0.17% at 10985.70.

The Indian rupee has opened at 70.68 per US dollar, a weaker opening compared to previous close of 70.40 per US dollar.

ALERT | Bank of Japan has left deposit rate unchanged at -0.1 percent. 

JUST IN | Om Metals has bagged an EPC order of Rs 615.16 crore from Government of Rajasthan.

Wall Street ends lower: US stocks declined sharply on Wednesday after the Federal Reserve's forecast of fewer interest-rate increases in 2019 fell short of investors' hopes of a more dovish monetary policy.

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Source: Moneycontrol

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