INSUBCONTINENT EXCLUSIVE:
Stock Market Today: Forty four Nifty50 stocks traded with gains.Domestic stock markets jumped on Thursday, a day after retail inflation for
November cooled off to a near one-and-a-half year low
climbed 78.95 points to 10,816.55
Forty four Nifty50 stocks traded with gains in late morning deals
Indiabulls Housing Finance, Hindustan Petroleum and State Bank of India (SBI) were the top three Nifty gainers.Advances were led by
state-run banking and FMCG stocks
The Nifty PSU Bank index was up 1.5 per cent
pressure as the rupee gained 31 paise to 71.70 against the US dollar.Investor sentiment on Dalal Street was positive on expectation that new
Reserve Bank of India Governor Shaktikanta Das would work more closely with the government, a report by news agency Press Trust of India
quoted traders as saying.Asian shares and the pound moved higher as investors breathed a sigh of relief after British Prime Minister Theresa
May survived a no-confidence vote, and as China appeared to be taking more steps to meet US demands to open its markets.MSCI's broadest
index of Asia-Pacific shares outside Japan was up 0.2 per cent in early Asian trade after US stocks finished the previous session higher.On
Wednesday, official data showed that inflation in November fell to a 17-month low of 2.33 per cent, driven by falling food prices
below the central bank's medium term target of 4 per cent
This marked the fourth straight month in which retail inflation stood below the central bank's medium-term goal of 4 per cent.In the
previous session, on a net basis, foreign portfolio investors sold shares worth Rs 1,299.43 crore while domestic institutional investors
