Sensex up 100 points, Nifty near to 10250

With the rise in GDP growth rate in the second quarter of the year 2017-18, the stock market is trading with the fast growth. The GDP growth rate in the July-September quarter was 6.3 percent. From GDP Boost, shopping is being done in all sectors including banks, auto. On the other hand, the market has got support from heavyweight stocks ONGC, TCS, Maruti, ITC and Reliance Industries. At present, the Sensex has gained 91 points to 33,241 and Nifty is trading 16 points higher at 10243 points.

                    

Midcap-Smallcap stocks rally

• Largecap stocks are getting good shopping in mid-caps and smallcap stocks. BSE's mid-cap index has gained 0.78 percent. In mid-cap stocks, SAIL, M & M Finance, Biocon, Ashok Leyland, Endurance, Godrej Industries and RCom have increased by 4.62-1.50%.
• While the BSE's Smallcap index rose 0.88 percent. Smallcap stocks include NEC Life, Talwalkars, JMC Project, Time Techno, SVP Global, up 9.41-7.25 percent.

All Sectoral Index Boom

• With the robustness in the business, it is being seen in all the sectoral shares including banking, auto, IT and realty. Bank Nifty is 0.13 per cent, Auto 0.80 per cent, FMCG 0.31 per cent and Realty 0.75 percent.
• There is also an increase in BSE Consumer durables, Capital Goods, Oil & Gas and Power shares.

Currency market closes today on the occasion of Eid-e-Milad

Currency market is closed on Friday on the occasion of Eid-e-Milad. Therefore, there will be no trading in rupees today. On Thursday, the rupee fell by 13 paise to close at 64.46 against the dollar on Thursday due to increased concerns over fiscal deficit. Rupee was also started with heavy weakness. Compared to the dollar, the rupee was trading at 64.54 with a weakness of 23 paise. At the same time, the rupee closed at 64.31 on Wednesday.

FII sells, DII buyers

In the business of Thursday, Foreign Institutional Investors (FII) sold 1500.76 crores in the domestic stock market. Domestic Institutional Investors (DII) invested Rs 1202.57 crore in the stock market.

Asian markets

In the Asian markets, mixed trading is happening in Asian market on Friday. Singapore's SGX Nifty Index is trading at 10280 with a margin of 0.02 percent. Japan's market Nikkei is trading at 22724 points with a decline of 1 point. However, Hang Seng is trading 64 points higher at 29,240 points.

The Korean market's Kospi index is trading at 2483 points with an increase of 0.26 percent, while the Taiwan index is down 10 points to 10550 points. Shanghai Composite is showing a slight decline of 2 points and the index is trading at 3315 points. The Straits Times is trading at 3456 points with an increase of 0.64 percent.

Dao Jones closes 24,000 for the first time

Upon expecting the Senate to pass a tax reform bill, the US markets got a strong exposure on Thursday and Dow Jones managed to close 24,000 for the first time. In Thursday's trade, Dao Jones closed 332 points higher at 24,272 points. The S & P 500 index rose 22 points to 2,648 points. The Nasdaq index closed 50 points higher at 6874 points.

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