Market Updates: The buying interest continued in afternoon trade on hopes of repo rate cut in RBI policy that will be declared on Wednesday. Nifty Realty index gained the most amid sectoral indices, up approx 2 % while PSU Bank rose 0.8 %.

The 30-share BSE Sensex was upward 113.23 points at 26462.33 and the 50-share NSE Nifty rised 41.30 points to 8170.05 while the BSE Midcap and Smallcap jumped 0.8 percent each on positive breadth. Over 1657 shares advanced against 897 declining shares on the exchange.

The rupee appreciated further on weakness in dollar, gaining past the 68 a dollar. It advanced 27 paise to 67.94 against the US dollar. HDFC retained its top position in the buying list, upward 3 percent followed by , SBI, Infosys, Tata Motors, Adani Ports and ONGC with more than a percent gain. After all, HUL and ITC drop a percent each.

Today the market continues to see buying especially IT and oil stocks. The Sensex is up 103.74 points or 0.4 percent at 26452.84, and the Nifty upward 33.30 pts or 0.4 percent at 8162.05.

Adani Ports, HDFC, GAIL, NTPC, and Infosys are top gainers while ITC, HUL, Sun Pharma, Hero MotoCorp and Asian Paints are losers in the Sensex.

The six-member Monetary Policy Committee (MPC) launched its deliberations today among widespread expectations of at least 0.25 % (25-basis point) cut in the policy rate to protect the effect of demonetisation

This is the second meet of MPC headed by RBI Governor Urjit Patel after the first in October, when it had cut repo, or the short-term lending rate, by 0.25 percent to 6.25 percent. RBI has shortened the policy rate by 1.75 percent since January 2015.

The Sensex was up 90.23 points at 26439.33 and the Nifty rose 28.10 points to 8156.85. About 1630 shares have advanced, 816 shares decreased, and 146 shares are constant.


It feels JLR (Jaguar Land Rover) business should deliver strong mid-teens volume growth over FY18-19 and India business should turn profitable only by FY19.

The stock drop approx 19 % from the closing level of Rs 540.20 on November 8, especially after the Prime Minister Modi announced a ban on valid tender of Rs 500 and Rs 1,000 notes with immediate impact.

Now all eyes are on tomorrow's RBI policy. The 30-share barometer index of Bombay Stock Exchange, Sensex was at 26,454.12, up by 105.02 pts or 0.4 per cent while the NSE Nifty was at 8,158.7, upward by 29.95 pts or 0.37 per cent.

The market has shown noble flexibility over the last few days despite the selling by foreign institutional investors and the 50-share Nifty managed to form a base around 8000-8050 levels.

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