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Thursday, 18 December 2014

Sensex, Nifty flex muscles; banks, infra, metals support

The bulls are pulling through a strong trading session on Dalal Street. The Sensex is up 329.97 points or 1 percent at 27040.10. The Nifty is up 99.60 points or 1 percent at 8129.40. About 1959 shares have advanced, 606 shares declined, and 75 shares are unchanged.

Banks, infra and metal stocks are lending support to the indices. Hindalco, GAIL, BHEL are up over 4 percent each. Tata Power and ICICI Bank are other gainers in the Sensex. Among the losers are Sun Pharma, HUL and HDFC.

Real estate stocks gained after the Cabinet deferred a decision on setting up a regulator for the sector. the Cabinet yesterday discussed the Real Estate Development and Regulation Bill but deferred a decision on it.

The bill, which was introduced in the Rajya Sabha in August last year, seeks to protect home buyers from unscrupulous developers. It was then referred to a Parliamentary Standing Committee, which had submitted its report in February. The bill provides for mandatory registration of all projects, besides mandatory disclosure of information like details of promoters, layout plan, land status, schedule of execution, status of various approvals and carpet area. More information please visit this site www.bigprofitbuzz.com


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