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Thusday's
session has ended on positive note. sensex ended at
35,930, up 151 points, while Nifty50 index settled at 10,792, up, the S&P
BSE MidCap index ending 123 points higher at 15,164, while the S&P BSE
SmallCap settled at 14,498 levels, up 94 points.
Among the sectoral indices, the NIFTY
PSU Bank index rose 1 per cent led by Indian Bank, State Bank of
India and Vijaya Bank as the newly
appointed Reserve Bank of India Governor Shaktikant das held a meeting with
heads of the public sector banks. The nifty Auto index, too, rose nearly 1 per
cent led by Maruti Suzuki and Tata Motors.
Shares of YES Bank fell 6.3 per cent to Rs 175 apiece on the National
Stock Exchange after the private sector lender said it is yet to finalise
the name of MD & CEO. The bank held board meeting during the day where it
finalised a part-time non-executive Chairman and said the final recommendations
with respect to MD & CEO will be submitted to the Reserve Bank of India
after January 9, 2019. Shares of SBI rose nearly 2 per cent in the afternoon
trade on Thursday after Morgan Stanley raised its target price for the stock to
Rs 375 from Rs 350 while maintaining "overweight" rating. The
firm said it sees a turnaround in profit from FY20 and will see a significant
drop in provisions in second half of FY19. . Indigo gains 3% after rating upgrade
STARS OF THE DAY :- MARUTI
SUZUKI,INDIABULLS,INFOSYS
ON THE OTHER HAND THE BIGGEST
LOSERS WAS:-YES BANK SUNPHARMA,UPL
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