Benchmark indices did the bullish trade business on account of positive global sentiments as US Fed minutes suggested a less hawkish stance from policymakers. Domestic sentiments also got the boost from supportive Asian markets besides value buying in blue chips kept the market gains intact.Nifty ended the session to close at 8288.
The metal and auto Stocks were the major gainers of the day while IT stocks were the losers for the day.
Global Markets Update
European shares steadied near their recent highs on Thursday, with Britain’s top equity index climbing to a new record high following a rally in house builders and miners.
Minutes from the Federal Reserve’s December meeting sent a message that the Fed stays relatively prudent toward interest rate hikes, and almost all Fed policymakers thought the US economy could grow more quickly after Donald Trump becomes president.
Indian Oil Corporation receives AAA credit rating from CRISIL Rating agency on its Fund based limits and Non-Convertible debentures instruments . CRISIL believes IOCL will be benefited in the medium term from the initiatives of government to reduce under recovery and maintaining financial health of the sector.
Dena Bank stock rallies 2.86% The Board Of Directors of the are expected to meet on Jan 7 to discuss the capital raising plans that will be executed through equities and bonds.
Yes Bank steps further to make banking simple and seamless to meet its customer’s financial requirements partners with Gupshup a leading Bot platform to launch ‘YES mPower’ a banking chat bot for its loan products.
Bank of Baroda as in the lieu of rate cuts reduces MCLR for month period from existing 8.85% to 8.15% while a MCLR of three months has been fixed for 8.20% and for six month period 8.30% to be effective from 7 Jan 2017.
Vakrangee Ltd. has achieved a long-term debt free status through early repayments of all outstanding long term credit facilities sanctioned to it. The company’s annual report FY16 states the long-term borrowings of Rs 12.5 crore.
(Click to submit your details) Just one step to get best trading tips and Recommendation.