The market has closed on a high note as European market
showed. The Sensex close up 118.44 pts or 0.4 % at 26349.10 and the Nifty was
up 41.95 pts or 0.5 % at 8128.75. About 1511 shares have advanced, 1114 shares
declined, and 154 shares are unchanged.
M&M, Asian Paints, Lupin, Maruti and Bharti were top gainers while TCS, HDFC, GAIL, Sun
Pharma and Wipro were top losers in
the Sensex.
The Sensex was up 82.35 pts at 26313.01 and the Nifty
up 29.20 pts at 8116.
BSE declining shares is about 1416 shares advanced
against 1129.
Asserting that a delay in the rollout of (GST) is a
positive for Indian economy which is battling the impact of demonetisation.
Give a missed call "@+91 95166-07704"
Singh said -Demonetisation coupled with April 1 rollout
will be hard for markets to absorb as it will take another one or two quarters
for the economy to settle down.
"I think it (GST rollout delay) is a negative
sentimentally from the point of view of foreign inflows, but for the economy it
might just give a little bit of respite before we actually get into GST immediately
after demonetisation,”.
Gold
falls: Gold prices drifted lower by Rs 200 to Rs 29,050 per
10 gm at the bullion market today, tracking a weak trend overseas amid tepid
demand in the domestic spot market on prevailing cash crunch following
demonetisation of high value notes.
Government on November 8 had announced the demonetisation of 500 and 1,000 rupee notes in a bid to flush out black money, leading to cash crunch in the financial system.
Internationally,
gold fell by 0.64 % to USD 1,169.60 an ounce in Singapore.
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