Sensex erases opening gains, Nifty around 10200 after Fed rate hike

16 December, 2017, 05:58 | Author: Valerie Burke
  • Most exit polls have predicted a simple majority for the BJP with over 100 seats in Gujarat with one exit poll predicting two-third majority

The stock market maintained a steady line after a strong opening today as exit polls predicted that the BJP would win Gujarat and Himachal Pradesh assembly elections.

The start was electrifying after a string of survey agencies predicted a clear win for the BJP in these two states, but the rally faltered as investors made a decision to wait for the counting, the results of which will start trickling in during market hours on December 18.

The 30-share BSE Sensex was up 46.73 points at 33,099.77 and the 50-share NSE Nifty rose 18 points to 10,211. "The metal sector gained its sheen after the recent correction while bank nifty and auto outperformed the main index as investors used the advantage of bargaining opportunity". The BSE Sensex was trading 268 points, or 0.81 per cent, up at 33,514 at around 9.30 am (IST), while NSE Nifty index was up 90.40 points, or 0.88 per cent, up at 10,342 at around the same time. The rupee and stocks ignored the WPI inflation which was at a 8-month high of 3.93 per cent.

Things You Need To Know About The Zuma vs Madonsela Ruling
Judge President Dunstan Mlambo dismissed Zuma's application against former Public Protector Thuli Madonsela's report. Leader Mmusi Maimane says the African National Congress has become the president's keeper and must be stopped.

Guardiola tells fans Man City won´t stop after record-breaking win
City's latest win of a seemingly unstoppable campaign removed Arsenal's 14-game winning streak in 2002 from the record books. We want to try to maintain it as much as possible".

Austrian gas pipeline blast kills at least one, injures dozens more
The incident occurred at Gas Connect Austria's hub in Baumgarten shortly before 9 a.m. local time, according to a spokesman. Apart from Russia , Germany receives gas from Norway, Britain and the Netherlands and produces 8 percent at home.

Indian stocks traded cautiously lower on Thursday ahead of exit poll results for Gujarat election. Banking stocks showcased buoyancy in anticipation of any positive outcomes over IBC with the commencement of the Parliament's winter session.

All sectoral indices were in fine nick, driven by metal and realty that jumped by up to 2.82 per cent. Meanwhile, foreign portfolio investors (FPIs) net bought shares worth Rs 232.17 crore yesterday. As per PI report, Coal India, which advanced 2.55 per cent, was in the lead. Dr Reddy's, HDFC Bank, Adani Ports and Bajaj Auto hit a home run, too. BSE small-cap and mid-cap indices surged 1.38 per cent and 1 per cent, respectively.


  • Facebook Responds After Former Exec Suggests It's Destroying Our Minds And Society

    Facebook Responds After Former Exec Suggests It's Destroying Our Minds And Society

    When he started, he said, there was not much thought given to the long-term negative consequences of developing such a platform. Chamath joined Facebook in 2007 and left in 2011.
    Anderson Cooper Attacks Donald Trump On Twitter, Later Claims He Was Hacked

    Anderson Cooper Attacks Donald Trump On Twitter, Later Claims He Was Hacked

    However, CNN Communications later tweeted that someone had illegally gained access to Cooper's account and posted the tweet. You endorsed him you tool. "Just woke up to find out someone gained access to my Twitter account", Cooper later tweeted.
    Anushka Sharma and Virat Kohli tie the knot!

    Anushka Sharma and Virat Kohli tie the knot!

    While initial reports suggested that the duo will get hitched on December 12, their nuptials took place a day earlier. The wedding was attended by close family and a few friends as they wished their wedding to be a very private affair.
  • Injustice 2 To Receive a Free Weekend

    Injustice 2 To Receive a Free Weekend

    Injustice 2 has had a very good 2017 and Warner Bros. and NetherRealm are hoping for some new players for the holidays. Some additional DLC characters may be accessible in the game's Multiverse mode, so keep an eye out.
    Instagram users can now follow hashtags

    Instagram users can now follow hashtags

    But with the new update, Instagram will allow people to follow entire communities, instead of just singular entities. When you're satisfied it is the actual topic you want to follow, open the hashtag page and then click on follow.
    Carson Wentz tore his ACL

    Carson Wentz tore his ACL

    Foles, a more than capable backup, has proven he can win in spot relief, but he's nowhere near Wentz's level. There is still plenty of football left to be played and this season isn't over until it's over.
  • Bon Jovi, Nina Simone Among Rock & Roll Hall of Fame 2018 Inductees

    Bon Jovi, Nina Simone Among Rock & Roll Hall of Fame 2018 Inductees

    That may also explain why so many repeat nominees who made the ballot this year failed to gain enough votes this time around. Bon Jovi have responded to the news that they are to be inducted into the Rock and Roll Hall of Fame next year.
    IOS 11.2.1 Released With HomeKit Vulnerability Fix

    IOS 11.2.1 Released With HomeKit Vulnerability Fix

    Apple has now reportedly fixed the issue with iOS 11.2.1, although the fix has not been mentioned it explicitly in its update log. Users will need a live internet connection to download and install the update, which is around 69.1 MB in size on iOS.
    Roy Moore Accuser Admits Yearbook Altered

    Roy Moore Accuser Admits Yearbook Altered

    Nelson still says the signature is legitimate, but says she added in a notation with the date, location and his title afterward. The 70-year-old Moore, in a tight race against Democrat Doug Jones, tweeted his thanks to Trump for the endorsement. .
  • Adrian Peterson says he wants to play next season

    Adrian Peterson says he wants to play next season

    Then, he fell back to earth, failing to rush for more than 79 yards over the next three games before suffering his neck injury. After failing to gain sufficient playing time with the Saints early this season, Peterson was traded to the Cardinals.
    PM Narendra Modi Dedicates Scorpene-Class Submarine Ins Kalvari To The Nation

    PM Narendra Modi Dedicates Scorpene-Class Submarine Ins Kalvari To The Nation

    He said the government is fully alert to the country's global strategic and economic interests in the Indian Ocean region. It will play a crucial role in India's security and regional stability, he added.
    PM, Manmohan come face-to-face days after bitter war of words

    PM, Manmohan come face-to-face days after bitter war of words

    The prime minister walked a certain distance to greet people standing on both sides of the road outside the polling booth. Taking to Twitter, Omar questioned that why security guidelines were relaxed for the Prime Minister.


Winter weather advisory: 2-4 inches of snow tonight
The record precipitation total of 0.96 inches on December 12 came down as 10.6 inches of snow, both records set in 1909. Thursday should be dry with a high of 27, then a few flurries could fall late at night into Friday morning.

Estranged husband kills wife, self on PSU Beaver campus
Pennsylvania State Police told the outlet that the shooting involved a school employee and is being considered a murder-suicide. Hermick said William Kelly apparently had lured Leslie to the parking lot, saying he had Christmas presents for their children.

EU Signs Off On Easyjet Takeover Of Air Berlin Assets
The Austrian transport ministry said it would repatriate any Niki passengers stranded overseas by cancelled flights. Furthermore, Niki would lose their highly-prized starting and landing rights at German airports.

Hip-hop mogul Russell Simmons accused of rape by four women
The New York Times released a report on Wednesday night, in which multiple women accused Simmons of rape , which he has denied. He invited her to his nearby offices, where they sat together on a couch and he proceeded to pin her down, she claims.

Google Assistant is coming to Android tablets, older smartphones
This will be rolled with the update and once you get the update, the new Assistant app will appear on your all apps list. Once Assistant is available on your phone, Google will automatically download and install the Google Assistant app .

Toshiba, Western Digital Settle Chip Unit Dispute (News)
Western Digital Corporation (NASDAQ: WDC ) closed December 12 at $81.77, down -14.62% or $14 from its record high price of $95.77. Art Advsrs reported 33,500 shares or 0.16% of all its holdings. 142,007 were reported by Redwood Investments Ltd Liability Corp.

Thousands of Kent toddlers missing out on free flu vaccine
Many GP practices hold large flu vaccination clinics. "You're still talking about 50 to 60 percent effectiveness", Games said. Flu viruses are constantly changing, and different viruses can circulate causing illness each season.

Twitter introduces actual threads feature, still hasn't given us an edit button
After they're done, users can tap "Tweet all" on the top-right of the screen, which will publish the entire thread simultaneously. The tool is simple: Make a tweet, preferably a good one, and then add other tweets underneath it with the "plus" button.

Israeli tank, aircraft hit Gaza after rocket fire
Local media identified the two people killed as members of the al-Quds Brigades, the military wing of the Islamic Jihad. It did not say where the rocket fell or report any casualties.

Apple confirms that it has acquired Shazam
Key sources suggest that Apple has been hiring AR talent and is secretly working on some kind of commercial release. While the company has not revealed the financial terms of the deal, it is reportedly worth around $400 million.