Tuesday, December 11, 2018

MARKET SUMMARY-11 DEC


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Share market Highlights: In a session replete with wild swings, the Sensex ended Tuesday's session 190 points higher even as the Nifty 50 closed above the 10,550-mark closely tracking the state election outcome trends.  Markets initially plunged in reaction to Reserve Bank of India Governor Urjit Patel’s unexpected resignation late on Monday, which shocked many investors. “Patel’s resignation bodes poorly for macroeconomic and financial stability in India,” Fitch Solutions Macro Research, a unit of Fitch Group, said in a note on Tuesday.
The indian rupee registered a huge loss as it slumped nearly Rs 1.10 paise against the US dollar in the early morning trade today, following the RBI Governor Urjit Patel’s shocking exit on Monday evening .Elara Capital maintains a buy rating on HCL Technologies with a target price of Rs 1,330. The company's acquisition of seven products from the US-based IBM has been met with such skepticism that market cap erosion was about 56 percent of the USD 1.8 billion that HCL has agreed to pay towards the deal.

STARS OF THE DAY :- SUNPHARMA,SBIN,ASIANPAINTS,KOTAKBANK
ON THE OTHER HAND THE BIGGEST LOSERS WAS:-MARUTI,ICICIBANK,HEROMOTCOP



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