USFED raised rate by 0.25%. USFED statement had positive impact. Nifty50 opened in upward gape, touched 7800 level and slipped back to test 7744 level. After hovering around 7744 level, Nifty50 bounced hundred plus point. Nifty50 finally closed 1.13% higher at 7844. India Vix traded in RED and closed 15% lower at 14.21. NSE ADR hovered around three and at the close, it was placed near four. USD-INR Dec. future opened in downward gape and finally closed 0.5% lower at 66.52 INR.
All sectoral Indices closed in GREEN. NiftyMetal Index closed 3.32% higher. NiftyAUTO Index closed 1.4% higher. NiftyIT Index closed 1.17% higher. BankNifty closed 0.98% higher. NiftyFMCG closed 0.76% higher. NiftyPharma Index closed 1.15% higher. NiftyReality Index closed 1.36% higher.
Reliance closed 3.5% higher at 1013 INR. TataSteel closed 5.2% higher. Welspun corp closed 6.2 % higher. M&M closed 2.6% higher. Bosch closed 2% lower. TCS closed 1% higher Infy closed 0.88% higher. SBI closed 1.6% higher. PNB closed 1.55 higher. TataGlobal Beverages closed 4.25% higher. SunPharma closed 1.9% higher. Glenmark closed 3.3% higher. DRL closed 0.78% higher. Godrej Property closed 0.7% higher.
Volume in NSE Equity and Derivative segment was higher. As per provisional End of Day statistics, FPS/FIIs bought equity worth 630 crore INR(net), where as DIIs sold equity worth 360 crore INR (net).
At the end of session, India VIX placed below 15 and NSE ADR is placed at four. This indicates market is entering into overbought territory.
Disclaimer :-
Writer may have position in market/s as per risk profile and market condition. Reader/s must consult financial adviser/s, while acting on provided information. Writer may have discussed similar things with friends in group.
Written Date : 17.12.2015 Thursday 17:30 hours IST
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