Markets extended gains for the third straight session led by financials and information technology majors even as investors keenly await outcome of the US Federal Reserve two-day meet which ends later today. The market was cautiously optimistic as the crucial FOMC meet will decide interest rates tonight. Most analysts are hoping that the Federal Reserve will increase rates for the first time in a decade. The Indian market will gain if Fed hikes rates, adding that the rupee too will be stable. India is much better placed in the world with respect to leverage. The S&P BSE Sensex ended at 25,495, up by 174 points and the Nifty50 settled at 7,750, up by 50 points.
Stock Tips Tomorrow: 17th Dec
- Buy Praj above 94, Target 95-96-97, Stop loss at 92
- Buy Atlas Cycle above 235, Targets are 237-239-241, Stop loss at 231
- Sell FinanTech below 123, Target 122-121-120, stoploss at 125
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