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Sify Editor @ 4:01 PM
Sensex end higher; Gujarat exit polls in focus

Indian shares rose on Thursday, rebounding from two days of losses, after the U.S. Federal Reserve raised rates but kept its outlook unchanged, although caution lingered ahead of the release of exit polls from elections in the state of Gujarat.

The benchmark BSE Sensex closed up 0.59 percent at 33,246.7 while the broader NSE Nifty ended 0.58 percent higher at 10,252.1. The indexes fell as much as 0.50 percent each earlier in the day.

Sify Editor @ 1:40 PM
The Sensex in red, TCS top loser

Key Indian equity indices on Thursday traded in the red during the mid-afternoon trade session with heavy selling pressure in consumer durables, capital goods and metal stocks.

IT major Tata Consultancy Services (TCS) was the top loser on the BSE market breadth -- down almost 3 per cent -- followed by Wipro, NTPC, Larsen and Toubro and Power Grid.

Around 1.15 p.m., the wider Nifty50 of the National Stock Exchange (NSE) traded lower by 9.05 points or 0.09 per cent at 10,183.90 points.

The barometer 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 33,114.69 points, traded at 33,020.49 points -- down 32.55 points or 0.10 per cent -- from its previous close.

The Sensex touched a high of 33,169.74 points and a low of 32,886.93 points during the intra-day trade so far.

The BSE market breadth was bearish -- 1,718 declines and 769 advances.

"US Federal Reserve overnight raised interest rates by 25 basis points in Janet Yellen's last policy meeting, resulting in Indian markets giving up all the pre-opening gains," Dhruv Desai, Director and Chief Operating Officer of Tradebulls, told IANS.

On Wednesday, the key indices ended a volatile trade session in the red as investors booked profits.

Sify Editor @ 12:25 PM
Sensex edges down ahead of exit poll

Indian shares fell on Thursday, as investors waited for early forecasts on the winner of a key state election, with sentiment also muted as inflation ticked higher and industrial output weakened.

Bonds and the rupee, however, rose after the U.S. Federal Reserve raised interest rates.

Votes from the election in the western Indian state of Gujarat will be counted on Dec. 18 and the results announced the same day, but markets were on edge ahead of exit polls due later on Thursday that usually indicate the likely winner ahead of official results.

Prime Minister Narendra Modi's government is hoping a big win in the state would bolster the ruling Bharatiya Janata Party's electoral prospects ahead of general elections in 2019.

The broader NSE Nifty was down 0.23 percent at 10,170.22 as of 0641 GMT, while the benchmark BSE Sensex was 0.22 percent lower at 32,981.10.

"The markets will react to the Fed hike news, but investors are jittery ahead of the exit polls from Gujarat elections," said Siddhartha Khemka, head of research (retail) at Motilal Oswal Securities.

Sify Editor @ 9:25 AM
The Sensex in the open green

The key Indian equity market indices on Thursday opened higher after the US Federal Reserve hiked interest rate following its two-day policy meeting while raising its economic growth forecast for 2018.

The Sensex of the BSE, which had closed at 33,053.04 points on Wednesday, opened higher at 33,114.69 points.

Minutes into trading, it was quoting at 33,146.57 points, up by 93.53 points, or 0.28 per cent.

At the National Stock Exchange (NSE), the broader 51-scrip Nifty, which had closed at 10,192.95 points, was quoting at 10,223.90 points, up by 30.95 points or 0.30 per cent.

Continuing with losses for the second day in a row, the key Indian equity indices on Wednesday gave up all their morning gains to end a volatile trade session in the red as investors booked profits in metals, capital goods and banking stocks.

According to market observers, apart from domestic macro-data marring investors' risk-taking appetite, caution ahead of the US Federal Reserve's policy outcome kept the global markets on tenterhooks.

The Sensex was down by 174.95 points or 0.53 per cent at the Wednesday's closing. In the day's trade, the barometer 30-scrip sensitive index had touched a high of 33,404.26 points and a low of 32,988.82 points. The Nifty too was down by 47.20 points or 0.46 per cent.