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Sensex, Nifty Close Higher For Sixth Session In A Row: 10 Things To Know
03 Dec 2018, 04:50 PM IST 
Stock Market Today: The market breadth favoured the upmove.
- The market breadth favoured the upmove, with 925 stocks on the NSE finishing higher and 811 ending lower. On the BSE, 1,321 stocks advanced while 1,263 declined.
- Jindal Steel and Vedanta closed 7 per cent and 8 per cent higher respectively, contributing most to a 2 per cent gain in the Nifty Metal index. Other prominent gainers in the sector included Hindalco, SAIL and Hindustan Zinc.
- At the G20 summit, the US and China agreed to halt additional tariffs - in a deal that keeps their trade war from escalating - boosted investor sentiment, The development assumes significance as the two sides try to bridge their differences again with fresh talks aimed at reaching a deal within 90 days.
- "Poor local cues capped the gains in our market which opened with flourish on buoyant international cues... a sliding rupee and relatively weaker rural demand seem to have applied the brakes on the economy," said VK Sharma, head PCG & capital markets group, HDFC Securities.
- The country's economic growth slowed to 7.1 per cent in the July-September quarter, from 8.2 per cent in the previous quarter, government data showed last Friday. The growth was, however, faster than China's 6.5 per cent in the same quarter.
- Shares in Hindustan Unilever and GlaxoSmithKline Consumer Healthcare closed 4.7 per cent and 4.1 per cent higher respectively. Unilever said it had agreed to buy GlaxoSmithKline's health food and drinks portfolio in India, Bangladesh and 20 other predominantly Asian markets for around $3.8 billion.
- Information technology stocks rose, with the Nifty IT index rising 0.7 per cent as it tracked a fall of as much as 63 paise - or 0.9 per cent - in the rupee against the dollar to 70.22 during Monday's session.
- Sharp losses in pharma stocks, however, limited the upside. The Nifty Pharma index closed 2.4 per cent lower, dragged by Sun Pharma and Glenmark - which dropped 7.5 per cent and 5 per cent respectively.
- Fund inflows by institutional investors also supported the markets. Domestic institutional investors (DIIs) net purchased equities worth Rs 1,489.65 crore on Friday, while net sale of shares by foreign portfolio investors (FPIs) stood at Rs 332.62 crore, according to provisional data from the NSE.
- Investors keenly await outcome of the Reserve Bank of India's monetary policy meeting on Wednesday.
(With agency inputs)