Market may have to revisit old support levels; US Fed, GST make D-St jittery; Laurus Labs to list on Monday

ET Markets Daily Brief | Sat, Dec 17, 2016 | 03:28 PM IST Follow ET Markets

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Sit tight! Market may have to revisit old support levels to start fresh leg of rally The optimism over US economic growth makes a likely hood for a bull market nearing its maturity, creating huge possibility for new funds deployment in EMs. The week that was: US Fed, GST make Dalal Street jittery; cement stocks tumble Market capitalisation of BSE-listed companies declined by Rs 1.80 lakh crore to Rs 106.35 lakh crore on December 16 from Rs 108.15 lakh crore last week. Laurus Labs shares to list on bourses on December 19 Kotak Mahindra Capital Company, Citigroup Global Markets India, Jefferies India and SBI Capital Markets were the book running lead managers for the issue.​

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Market Watch 17 Dec | 03:28PM| SENSEX NIFTY USD/INR GOLD 26489.56 ↓-29.51 8139.45 ↓-14.15 67.76 ↓-0.07 27150.00 ↑131.00

Gainers Losers 17 Dec, 2016, 03:28PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Saksoft Ltd. 267.05 20.00 165832 267.05 221.65 SE Power Ltd. 12.19 19.98 16782 12.19 11.00 Shah Alloys Ltd. 19.22 19.98 135237 19.22 17.20

Tweet of the day... Nifty50 forms 'Bearish Belt Hold'; 8,050, 8,055 important supports

FROM THE NEWSPAPER

Wall Street Week Ahead: Hurdles emerge for stocks after rally It is the rising dollar that risks undercutting the earnings of large multinational firms, just when the overall earnings from S&P 500 companies were ending an earnings recession in the latest quarter. Crude oil still on slippery ground, major spike unlikely anytime soon The past fortnight saw oil prices consolidate in a narrow range of as investors awaited the outcome of events such as policy reviews by ECB, Fed and RBI. Demand-supply mismatch may push battery metal prices higher to Rs 190 per kg Lead was trading at Rs 119.25 on January 1 this year. Market experts see around 10-15 per cent upside in the metal due to likely improvement in demand from China in the forthcoming quarter. Demonetisation may be not all that bad for some sectors; top stocks in focus India is moving towards becoming a cashless economy, which will also improve savings in financial assets and this is sure to benefit intermediaries. Sebi warns against unsolicited SMS, call tips for stocks In a caution notice, the regulator asked public to deal with only Sebi-registered investment advisers and research analysts and warned unregistered entities of strict action.

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